US500 3223.4 + 0.53% LONG IDEA * CONTINUATION & FUNDAMENTALS Good Day Everyone
A look at US500 starting from the monthly perspective we remain in a bullish rally for third month in a row hitting ( HH ).
Coming down to the weekly we broke level 3191.3 support level we could see a retest of this level before we see a continuation to the upside this week but on a larger scale we are still net long on the index.
On the daily we broke out of a descending channel rallied up and we are now at level 3236.1 which saw a couple of rejections.
S&P500 is still range bound within structure for now bound in a symetrical triangle on the 4H chart waiting for a breakout of structure to confirm and determine direction amongst other things as we are still net long on higher timeframes the sentiment is still net long.
lets see how it goes.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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Continuationpatterns
UK100 6305.1 + 0.82 % LONG IDEA * STRUCTURE & CONTINUATIONGood Day Everyone
Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11 among st other factors lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USOIL 40.58 - O.34 % FUNDAMENTAL AND STRUCTURE IDEA Good Day Everyone
A look at the USOIL as we closed last month on a second consecutive high and we are currently trading at 61.8 % FIBONACCI level on the monthly chart NET BULLISH and at a strong level $ 40.44.
> Coming down to the weekly the USOIL is trading in a ascending triangle it has been range bound in this structure for some couple of weeks as we wait to see some volatility come into play on oil . looking out for a breakout of the structure.
> Sentiment remains the same from the daily perspective the OIL is trading in a ascending channel looking to see whether structure holds or we see reversal patterns on OIL . as we wait for some confirmations and some volatility .
~ on the 4H we closed in a BULL FLAG which could be signalling a continuation with the bulls to the upside and the ascending structure to hold. all in all still waiting on the oil
SOME FUNDAMENTALS TO LOOKOUT FOR
1. RSI ( Relative Strength Index ) rose and remained flat above 50 possibly signalling paused bullish momentum
2. U.S Inventories as per data from American Petroleum Isntitude
3. OPEC +
4. Global recovery in Fuel demands
5. COVID - 19 cases surge
Looking for a breakout of structure and signs of more volatility coming into play.
OIL could remain range-bound before we see some volatility return / see those break out of structure. this is a good opportunity for the more aggressive traders on lower time frames lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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XAUUSD 1810.04 +0.7% LONG IDEA * SUPPLY & DEMAND + FUNDAMENTALS Good Day Everyone
Here's a look at GOLD from a multiple time-frames perspective starting off from the monthly where we are still in a bullish rally of higher highs with some strong momentum to the upside currently trading just below FIBONACCI level 1.618 just above the $ 1800 mark
> scaling it down to the weekly we at the 5th consecutive high on GOLD trading in a pennant formation which could be signalling continuation to the upside.
> From the DAILY perspective GOLD broke out of the ascending channel currently ranging within a triangle structure but upon close of the market we saw the bulls coming back into play on the metal.
looking to see if we'll see the ascending structure hold and continuation patterns to the upside as the sentiment is widely bullish from fundamentals point of view but it seems we'll see a return of some VOLATILITY ON GOLD in this coming week.
SOME FACTORS TO NOTE ON GOLD
1. SUPPLY AND DEMAND
2. MORE STIMULUS
3. COVID - 19 even though GOLD is one of those that have thrived through this pandemic
4. WEAKER U.S DOLLAR
5. THE DIRECTION OF TREASURY YIELD
6. FLAT DEMANDS FOR HIGHER RISK ASSETS
7. DEVELOPMENT OF THE VACCINE FOR COVID - 19
Prices can still be range bound before we see more volatility coming into play which will be a good opportunity for the more aggressive traders on smaller time-frames but all in all still remain bullish on GOLD lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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NZDUSD 0.66141 + 0.57 % LONG IDEA * BREAKOUT PATTERNS Good Day Everyone
A look at the NZDUSD pair which is currently trading in a descending channel looking for a push up to retest the structures roof since the pair just broke out of a pennant formation. broke above looking maybe for a retest of this structure then continuation to the upside. any reversal pattens and significant moves to the downside will change the whole trading plan lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - DAY TRADE
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GBPAUD 1.79296 -0.64 % * CONTINUATION PATTERNS Good Day Traders
A look at the GBPAUD PAIR on a 1H chart, looking for continuation to the down side as that is the sentiments on higher time-frames the pair is at a resistance level which saw a couple of rejections at level 1.79272 now we see some increased momentum to the downside with the bears looking for a break of this level and a push down then see whether we are continuing with the bears or look out for reversal patterns lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - DAY TRADE
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EURJPY 122.73 -0.04 LONG IDEA * TREND CONTINUATION PATTNS Good Day Everyone
Here's an idea on the EURJPY a look from the from the 1H chart definitely looking at it short term, the pair has been in a uptrend after successfully hitting the double top and rejected from support now resistance level 122.492, the pair rallied in an uptrend hitting HH & LL on its way up in a ascending channel structure respecting the structure still, now we see we are in a consolidation mode range bound even though the pair hit its 3rd HH looking for continuation of the trend on the pair but if you are on this one definitely look out for reversal patterns and significant moves to the downside which will change the whole idea on the pair. expecting a push own before rise so lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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GBPUSD 1.25634 +0.08 % LONG IDEA * STRUCTURE & TREND ANLSYS Good Day Everyone
A look at the GBPUSD pair currently trading in a symmetrical triangle ranging in structure looking for the pair to range within the structure before we see some volatility on the pair this would be a perfect opportunity for more aggressive traders to find their entries on lower time-frames. looking for a break above of structure unless fundamental factors amongst other things prove otherwise targeting support level 1.28178 on a swing trade lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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EURUSD 1.14251 + 0.37 % LONG IDEA * CONTINUATION PTTNS Good Day Everyone
A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair.
the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the upside of this move. lets see how it goes will be holding the trade on swing for the week...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDJPY 107.03 - 0.22% LONG IDEA CONTINUATION & BREAKOUT PTTNSGood Day Everyone
A look at the USDJPY pair which broke above structure and currently on a retest of this descending triangle structure upon close this past week looking for a rally with the bulls on the pair as volatility returns on the pair but for now expecting the pair to range a bit as marked on the chart which could be a perfect opportunity for more aggressive traders nonetheless looking for moves to the upside or opportunities to the upside on the pair in this coming week on a swing trade....
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDZAR 16.66500 - 0.41% TREND CONTINUATION PATTENS Good Day everyone
Here's a look at the USDZAR looking for the continuation patterns or the trend to the downside/ downtrend, the pair has been trading in a descending channel on a downtrend hitting HL & LL as we just hit a swing low upon close this past week.
looking for continuation of this trend on the pair to resistance level 16.33836 since there are no signs of momentum shift to signal reversal or bulls coming into play on the pair. the trade is swing looking forward to seeing where the pair heads this coming week.
lets see how it goes.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
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DXY 95.96 - 023 % LONG IDEA Good Day Everyone
A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
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GBPJPY 135.227 + 0.26 % LONG IDEAGood Day Everyone
A look at the GBPJPY pair from the 4h chart looking for a breakout from the ascending triangle we've had a couple of fake-outs, looking to see if structure will hold or we'll see that volatility we've been waiting for on the pair... pending Oder, buy oders etc. just around 135.604 looking for a break above structure a break below the whole trading plan changes...
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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CHFJPY 113.969 + 0.33 % SHORT IDEAGood Day Everyone
A look at the CHFJPY seems like we are currently confirming a reversal on the patterns the pair has been net long in the last couple of weeks last week we saw that breakout of an ascending channel and looks like we are currently on the verge of retesting that structure before confirming the reversal to the downside looking for shorts on the pair, looking to see how far up can it push before continuation to the down side lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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AUDUSD 0.69462 -0.24% LONG IDEA Good Day Everyone
Here's a look at the AUDUSD pair, the U.S DOLLAR began to regain strength this past week so this could change some of the trading plans against the DOLLAR.
We saw a break above the symmetrical triangle structure the pair pushed up and found resistance at level 0.69981 now the pair has seen another rejection at this level forming a double top formation at resistance level. should we rally up and trade above this level ( 0.69981 ) will be looking for longs in the pair if we see a rally down the trading plan will change look out for updates... lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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USOIL $ 40.58 PER BARREL +2.54% LONG IDEA Good day everyone
Here's a look at the USOIL which closed within the ascending structure, looking to see if the structure will hold in this coming week so will be looking for continuation signals to the upside.
On the monthly we are currently trading at 61.8% Fibonacci retracement level with a strong bullish momentum the sentiment is still the same on the weekly whereby we have a pennant formation which could signal continuation to the upside and on the daily chart the ascending channel holds looking for continuation to the upside.... lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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US500 3189.6 + 1.18% LONG IDEA Good Day Everyone
Here's an idea on the US500 index looking for continuation to the upside resistance level 3189.6 a break above this level will signal continuation to the upside amongst other things a rejection at this level will change the trading plan so look out for updates on the index.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE
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USDZAR 16.6991 - 0.34 % SHORT IDEAGood Day Everyone
Here's an idea on the USDZAR PAIR, that has been bound in an descending channel respecting the structure thus far the pair has been in an overall down trend as the ZAR regained strength against the dollar due to the negative fundamentals from the U.S and so forth, looking for continuation of this move to the down side since ZAR wont be going back to harder levels of lock-down. lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE
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EURUSD 1.12972 + 0.11% LONG IDEAGood Day Everyone
A look at the EURUSD pair, the pair recently broke out of a descending triangle to the upside pushed up then came down for a retest of structure pushed up again until the bears took control and pushed down to support level 1.12568 forming a double bottom at this level looking for continuation to the upside on the pair lets see how it goes..
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13453
TARGET 2 - 1.14268
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GBPJPY 134.865 - 0.2 % LONG IDEA Good Day Everyone
Here's an idea on the GBPJPY pair, the pair is currently trading in a ascending triangle within a bigger ascending channel on the 4H chart the ascending triangle could be a signal for continuation on the pair. looking for continuation to the upside and for the ascending channel to hold and continuation with the bulls.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TP 1 - 135.362
TP 2 - 138.378
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US1000 1072.1 +0.4% LONG IDEA Good Day Evryone
Here's a look at the US100 index , the H&S setup didnt hold as we see the index continues hitting HH & HL we remain in an uptrend on the index so looking for longs from here we just hit a swing low so perfect time to look for entries on lower timeframes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD -DAY TRADE
TARGET - 10952.2
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EURUSD 1.13429 + 0.11% LONG IDEA Good Day Everyone
Here's a continuation idea on the EURUSD pair, the pair broke out of that descending triangle with the bull we saw some correction and signs of change in momentum for continuation to the upside looking for continuation to the upside. target marked....
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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GBPUSD 1.26521 + 0.34% LONG IDEAGood Day Everyone
Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes...
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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