EURUSD-Weekly Market Analysis-Jun21,Wk1Well, if you are a Harmonic Pattern trader and you wonder if I have selected the wrong investment strategy, nope, I didn't.
On the higher time frame, there is a Bearish Shark Pattern(check the link at the bottom) and I'm waiting for a shorting opportunity on the Shark Pattern.
For traders who agrees with me, you have to be aware of a Bullish Butterfly setup on the 1-hourly chart(although it is likely to fail, you still have to be aware that it completes at 1.2123).
Countertrend
TAK : SQUARE ROOT / POSITION TRADEThe Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend.
Tailwinds:
There are reasons to be optimistic for the longer-term growth with Takeda also being a diversified COVID vaccine play.
Exploring further, the company has a multi-thronged approach to the problem, first as a treatment developer undergoing clinical Phase 2 trials using plasma technology, second as a manufacturer through a license agreement with Novavax's (NASDAQ: NVAX) COVID-19 vaccine candidate and finally, as a distributor in a three-way agreement with the Japanese government for Moderna's (NASDAQ: MRNA) vaccine.
Source : Chetan Woodun, SeekingAlpha
read full article here : seekingalpha.com
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 631
N2: 640
N3: 654
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (674)
TP could be @ Fibo level 0 (616)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 37579
N2: 36760
N3: 35629
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (34303)
TP could be @ Fibo level 0 (38904)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4185
N2: 1.4173
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.4158)
TP could be @ Fibo level 0 (1.4208)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
EURUSD LONG Fibonacci extensions for intraday trading $EURUSDThese are the Fibonacci extensions I am watching for EURUSD today :
N1: 1.2181
N2: 1.2162
N3: 1.2146
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.2127)
TP could be @ Fibo level 0 (1.2193)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 626
N2: 641
N3: 665
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (699)
TP could be @ Fibo level 0 (601)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 37472
N2: 36398
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (35140)
TP could be @ Fibo level 0 (39508)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4099
N2: 1.4085
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.4069)
TP could be @ Fibo level 0 (1.4125)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
EURUSD LONG Fibonacci extensions for intraday trading $EURUSDThese are the Fibonacci extensions I am watching for EURUSD today :
N1: 1.2179
N2: 1.2168
N3: 1.2151
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (1.2126)
TP could be @ Fibo level 0 (1.2197)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 595
N2: 584
N3: 567
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (543)
TP could be @ Fibo level 0 (613)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 40212
N2: 41461
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (42924)
TP could be @ Fibo level 0 (37845)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
GBPUSD SHORT Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4162
N2: 1.4175
N3: 1.4193
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.4214)
TP could be @ Fibo level 0 (1.4140)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
EURUSD SHORT Fibonacci extensions for intraday trading $EURUSDThese are the Fibonacci extensions I am watching for EURUSD today :
N1: 1.2261
N2: 1.2274
N3: 1.2291
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.2311)
TP could be @ Fibo level 0 (1.2241)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
TESLA SHORT intraday fibonacci trading $TSLAIntraday trend likely UP
We can take SELL positions at these fibo levels :
N1: 614
N2: 639
N3: 679
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (736)
TP could be @ Fibo level 0 (573)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 37983
N2: 36726
N3: 34692
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (31880)
TP could be @ Fibo level 0 (40017)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
GBPUSD SHORT Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4190
N2: 1.4213
N3: 1.4246
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.4284)
TP could be @ Fibo level 0 (1.4152)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
EURUSD SHORT Fibonacci extensions for intraday trading $EURUSDThese are the Fibonacci extensions I am watching for EURUSD today :
N1: 1.2232
N2: 1.2243
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (1.2256)
TP could be @ Fibo level 0 (1.2211)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 580
N2: 569
N3: 553
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (530)
TP could be @ Fibo level 0 (596)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 35807
N2: 36626
N3: 37952
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (39783)
TP could be @ Fibo level 0 (34482)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)
GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4137
N2: 1.4127
N3: 1.4112
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (1.4090)
TP could be @ Fibo level 0 (1.4152)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
Social trading Youtube channel
France Trading forum (french)