USDCAD SHORTHere is USDCAD Short I have already entered from the 5min TF Stops are already lock in B/E
I use 1hour TF To determine the Fibs trendline and Zones! Lower TF To get in the best entry!
Fibs
US30 SELLHere is the us30 sell trade I will be looking at!!
Here is where i think there be a good reversal candlestick trade! to get into a sell!
SETUP!!
Fib retracement below 800MA
Good support and resistance!!
Small trendline!
The Dow Jones Industrial Average (DJIA) tracks the performance of 30 of the biggest companies in the US and is often used as a barometer for the overall performance of the country’s equity markets. The Dow chart is a useful measure of US economic health. Follow the Dow Jones live with the real-time chart and view the latest Dow forecasts, news and analysis. Key pivot points and support and resistance will help you trade the Dow Jones today and into the future.
News Source! (Market Watch)
U.S. stocks on Monday climbed sharply to start a holiday-shortened week in which upbeat economic data helped to overcome a reversal of reopening plans from a number of U.S. states amid the outbreak of COVID-19. The Dow Jones Industrial Average DJIA, +2.32% surged nearly 580 points, or 2.3%, at 25,596, powered predominantly by a gain in Boeing Co. BA, +14.39%, after U.S. air-safety regulators said they would begin key flight tests for the 737 MAX, representing a key milestone for the fleet that has been grounded for months. The S&P 500 index SPX, +1.46% rose 1.5% to 3,053, led by a 3.2% surge in industrials and a 2.1% rally in communication services. The technology laden Nasdaq Composite Index COMP, +1.19% lagged behind on the day, but finished up 1.2% at around 9,874. The gains for the stocks came as economic data continued to surprise to the upside, with a report on pending home sales in May spiking 44.3%, compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared against the same time last year. That data helped to overcome weekend data that showed that coronavirus cases world-wide topped 10 million and deaths surpassing 500,000.
With the news source this could be a sign of a strength!
BTCUSD Possibility Here is my weekend analysis for BTCUSD
I normally wouldn't trade at the weekend! but if this opportunity arises then I may take if there is a reversal pattern within my zone and the killer fib zone! on lower TF
NEWS SOURCE (FORBES_)
Trump’s Empty Bitcoin Threat; PayPal Prepping For Crypto Trading
CRYPTO MARKETS
Bitcoin had another calm week despite the expiration of nearly $1 billion worth of bitcoin options on Friday. Millennials remain confident that it will be a useful investment in the near term, with 44% of them in one survey saying they’re likely to buy bitcoin in the next five years and 47% trusting it more than big banks. But traditional investors like Jim Rogers are more reserved, believing that governments will not allow cryptocurrencies to survive and bitcoin’s value will “eventually become zero.”
Bitcoin proponents like to point out its similarities with gold, but they’re lucky in this context it has some obvious differences, too. Its online decentralization makes it easy to transfer around the globe instantaneously, and transactions off exchanges can be untraceable. “Bottom line: it would be nearly impossible to censor bitcoin transactions,” says early bitcoiner Marshall Hayner.
PAYPAL OPENING FOR BUSINESS
PayPal PYPL and its subsidiary Venmo are reportedly gearing up to enable more than 300 million users to buy and sell cryptocurrencies directly from their platform in the next three months. The move would mark another reversal for PayPal after it backed out of Facebook’s Libra Foundation last fall. Its competitor Square’s Cash App already offers crypto transactions and has seen record downloads during the pandemic.
BTCUSD: Preparing Continuation SetupsBTCUSD has been consolidating above the 100% point from YTD low during the last two months. Seemingly, the pair is now getting ready to probe the sub $9k area as a failure-test. If offers dry up as price dips beyond that range, which is expected to happen if the failure-test occurs, the price action is likely to wick that area and proceed higher as a result. It seems reasonable to be looking for limit buy setups in the $8.7k area.
CLX0: A Possible Move HigherThe chart shows a fib projection based on a technique where the measurement is taken from low to low. In this example, I used the .236 ratio and connected it with the recent higher low and expanded the movement in direction of the original price move according to the Fibonacci Section ratio. An interesting technique that is not so popular among the traders here.
VETUSDTI'm going to try this again(This may be completely invalid). It looks like VETUSDT has found a support around .0088 or somewhere within this range. Based off of the last drop we seen the price bounce off around .0076 VETUSDT and I believe that is a strong support. Hopefully this new support will hold for us assuming BTCUSDT continues at or around it's current exchange rate of $9,639.00 If Bitcoin makes another move up I believe we will bounce to the next leg up if we hold this level.
Matic with nice potential in the short to mid termif Matic continues along this path without breaking this formations we can see another spike to the resistance of the previous two highs in price. Even if it breaks this formation i see nice potential in Matic Network overall for some nice gains in the future.
NZDCAD NZDCAD Second try
So the last published chart we caught 2% moved stops to break even and then we got stopped! Not ideal!
So moving to the 1hour TF!
new place to buy 😂
NZDCADThis is what I am looking for to signal a buy from this pair!
I will be waiting for candle closes rejection of the trendline and the zone!
I will also be waiting for an opportunity for a buy order!
You can see it be hitting the 61% FIB Trendline! and its above the 8-0-0 EMA
US30 SELL SWING TRADE! Afternoon all,
Are we noticing a sell off from the us30! I have added my analysis
4hour trendline broke and retested fib broke and retested the 50% fib with strong daily Resistance!
This is a swing trade looking at high gains!
News
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
Donald Trump will hold a news conference at New York City, his first since July.
This may well be affected!
GBPCAD SELLS Evening all!!
GBOCAD Sells looking good!
Trendline touch 50% retracement on the fib levels good zones!!
No news till tomorrow continuing with the trend! when it goes 1% in profit I am moving stops to B/E
EURCAD 4HOUR sells! Afternoon all,
So from my previous post you will see that I was in sells come out at breakeven where it just retraced back to my entry!! Not what we wanted! Now looking into the 4hour TF! i see another opportunity to sell!
With good RR!
this is a okay set up. I will be monitoring this!
USDJPY RE ENTRY! USDJPY Sells re entry! already in sells!
Please be careful when entering.
First trade was b/e thats why we are re entering!
Looking to gain 1:6 RR
USDJPY!Afternoon!!
I have just set up my analysis for USDJPY! I am waiting for a reversal pattern or exhaustion in price on this candle! I.E a 25% wick to be created from the candle!¬ I am also waiting for resistance to be hit and for it to go back to support!
If this candle brushes pasted my 2 trendlines full bullish we can expect it to go higher so i will get out the trade unless it reverses back into my trendline zones and back into the fib channel!
All set up ready to go!"
XAUUSD BUY UPDATE
ON previous analysis
it has reversed and hit out trendline! (so it broke out of out 4hr trendline now it has come back and touched it!!
I am in this as!
4 days we go upMy last post i showed that we move on the 10th day and we did and we moved down as expected, 4 days left for another 10th day phase, I believe people will be surprised again to see us go up to 23.5 cent.
Dow Jones since 1915I think that 2020- Recession shouln't be so bad as Great Depression. Look how high it has jumped out of the channel in 1920s and that's why it sunk so deep below the channel during Depression.
2009-2020 bull run wasn't so over the top as 1920s. Now DJI should go down some below the channel and after crossing the ring we will go up but not as much as in recent run. Just have to wait for red RSI now...
Fibs off last years high/low and this years low/high 12H BTCUSD Watch for large movements along these fib circles.
Add new ones as time progresses.
Make adjustments as needed.
Many parabolic moves happen on major fib circles.
Ichimoku cloud looking bullish as well.
Maintaining this upward channel looks bullish. Placing stops below channel and trailing price.
USD/CAD SELL ShortHello,
I see that oportunity on USD/CAD.
On technical analysis we have a double ton already formed and just to test the neck line, as you see on the chart, using fibbs, we can see where is the testing zone.
It could help us also the crude oil and the next period of demand of oil and as you know, If U.S. and not only demand rises, manufacturers will need to order more oil to keep up with demand, this can lead to a rise in oil prices, which might lead to a fall in USD/CAD.
Wait for the testing the zone, after that put your TP at 1.39733, there are a lot of pips, a huge R/R, the SL at 1.40870 .
Entry at 1.40443
TP at 1.39733
SL at 1.40870
Have a great week !
A potential change for EURUSD*All analysis for this was completed on the 4H time frame*
Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
