DXY D1 - Short SetupDXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still has yet to present itself, but we have still managed to bank nicely from cable/GBPUSD longs
Finance
GBPUSD H4 - Long SetupGBPUSD H4
Lets see if we can start to fill this 1.34 resistance range now after seeing the hawkish moves off the back of the BOE interest rate hike. Pullbacks seen following the event, healthy corrections back down to 1.33 support.
1.33 support is our retest and confluence zone, effectively where we want to buy from. DXY rejecting that 96.500 price, a break south of 96.000 should send cable higher towards that 1.34 price.
Gold H4 - Short SetupGOLD H4
Understanding there is a big dump to break support and knock potential stops, this was fuelled by FED yesterday and the following volatility of this event.
Strong bullish run for circa 200 from support close to current price. Little further to push before reaching out pivot point, and we could see reversals and another range fill back down to support.
GBPUSD H4 - Long SetupGBPUSD H4
Same again here for GBPUSD as compared to GBPJPY... Looking for a bit of a market correction here on cable before then taking off again.
Heavily influenced by 12:00pm events though, so please be aware and protect positions. Should be another interesting day with aggressive GBP related moves as previously mentioned. 1.33 is clear resistance. So a pivot point in my eyes.
BNKUAMEX:BNKU
Currently at key lvl with possible upside towards the next fib lvls.
the lower fib lvls as support zones
currently at demand zone. can go towards the supply zone above
unn is going to zerovery sad. So much potential. Charts don't lie though. Bonded is going to zero as well but I don't have the energy to do ta on that one.
GBPJPY H4 - Short SetupGBPJPY H4
151.000 is a strong whole number for this trading pair, it's a key trading zone which has held on the last 2 counts as resistance.
100 pips from 151 short to 150, and another 100 pips from 150 down to 149. Solid trading ranges, with measurable targets and risk projections.
GBPJPY H4 - Short SetupGBPJPY H4
Possible second resistance test at that 151 whole number may set us up for some decent short opportunity. Lower lows are still flowing, nice correction 'give back' from the YEN yesterday.
Eyes for moves to catalyse this setup further. This would then correlate and compliment the above CADJPY setup further.
AN UPMOVE OF 3.77% IS BEING EXPECTED IN AARTI INDUSTRIESOn the 1 Hour Chart of AARTIIND, we can witness a beautiful Bullish Reversal Pattern Formation of "Bullish Harami" on the downside levels. Thereby, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to initially face a resistance at the levels of 965.85, 977.20, and 995.15. In addition to this, the stock may face a support at the level of 947.10. Closing Price (as on 06.12.21) : 958.90
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Set alert for WFCIf WFC breaks this support line then it's confirmed trend reversal to the downside.
I only enter trades once they meet my conditions.
Would prefer to enter a leap put options on this one and ride the fall out as WFC is a bit of a slow mover.
Slow-moving stocks require long expiry contracts to medicate theta decay.
So set an alert for that support line.
GBPUSD H4 - Short SetupGBPUSD H4
Multiple confluences stacked at this 1.35 handle, first of all we have that psychological 1.35 number, key area of H4 support/resistance and also a healthy fib pullback from the latest swing high down to swing low.
A solid measurable 5R down to 1.33, a breach of 1.34 has already been seen. Alerts set and eyes peeled.
BITCOIN | Approaching The Rejection Area But Stay Cautious!Hi,
After a kind of "fake" ATH, the price of Bitcoin has started to grind downwards. A couple of small sell-offs has brought the price to around 60k. Here you should be quite cautious but still, you cannot miss this opportunity to jump in. Quite good criteria matching around $58k - $61k which might help to find support leading into another push upwards.
You cannot miss it but you have to use stops or you should be ready that the price of BTC can turn nasty within hours because of the short setup. It basically knocking behind the door.
So, if a Daily candle closes below the shown areas then the selling pressure turns quite strong.
Firstly, let's wait for a rejection upwards but you have to be open-minded to turn your bias around quite quickly - at least short-term perspective. Use stops if you are a short-term investor, be ready to load from lower prices if your investment horizon is long-term.
Regards,
Vaido
$MQ we've hit our first take profit*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team entered $MQ on November 9, 2021 at $26.5 per share where we set $30 as our first take profit. We quickly hit this take profit when $MQ hit its high for the day in the morning at $30.28. Things however took a turn for the worst when a parent company began slowly unloading shares throughout the trading-session. Shorts took advantage and had a field day. These factors are what lead up to $MQ closing red today at $23.75.
Tomorrow should be very interesting for $MQ. Pre-IPO shareholders will be able to sell their shares due to Marqeta's lock-up period expiring after today. We however have no reason to believe that shareholders will sell their shares due to $MQ being under its IPO price. It just wouldn't make any sense. Especially considering the companies spectacular 3rd quarter earnings beat from yesterday where they reported a net revenue of $132 million.
My team made a gain of 13% from the shares we sold this morning at $30. Going forward we will continue to observe $MQ for additional buying opportunities.
Congrats to those of you who took this trade with us.
FIRST ENTRY: $26.5
TAKE PROFIT 1 (HIT): $30
TAKE PROFIT 2: $33.5
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$MQ the future of finance*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
For the last couple of weeks my team has been analyzing digital finance company Marqeta $MQ. $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform.
On August 11, 2021 $MQ released its earnings for the second quarter ending June 30, 2021. In this earnings report $MQ showed a 76% percent jump in net revenue driven by customer growth. $MQ also reported a net revenue of $122 million. $MQ however responded to this earnings beat by downtrading for the next couple of weeks. Before this report was released we must acknowledge the fact that $MQ was trading in an uptrend prior to the actual report. Many traders believe that stocks up-trending days/weeks into earnings are more likely to experience profit-taking unless the report is extraordinarily good. $MQ has however been downtrading since October 27, 2021 after reaching a new all-time high of $37.82.
Earnings for the 3rd quarter ending September 30, 2021 will be announced on November 10, 2021 post-market. $MQ is projecting a net revenue of $114 - $119 million. My team believes that this is a rather conservative projection.
You never know how the market will respond to good news or bad news. My team will look for further buying opportunities if $MQ falls post-earnings...this is a long term trade.
Lets get it!
My team entered $MQ today at $26.5 per share and have set our first take profit to $30.
FIRST ENTRY: $26.5
TAKE PROFIT 1: $30
TAKE PROFIT 2: $33.5
If you want to see more, please like and follow us @SimplyShowMeTheMoney