PYPL over 218.00Bullish ascending scallop pattern here, could take earlier but over 218.00 has been daily resistance with no candles closing over this level.
Finance
NZDCAD H1 - Long Trade SetupNZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.
Someone sold shovels to the Cali gold miners in 1848Paypal is still seeing terrific sales growth followed by strong earnings.
PYPL net margin (15.5%) while not the best for the tech sector, is remarkable compared against:
TGT 4.3%
WMT 3.6%
AMZN 5%
GS 11.6%
I think there will be a great deal of growth in the cryptocraze with traffic being driven to Paypal as they worked the headlines for months as being a BTC source. The crypto craze is only starting, but buy or sell BTC those transaction fees will be reaped here - and they will indeed get into retained earnings as PYPL is run well & lean on the books.
btc to drop to 20000$ zonesupport areas for btc down the way to 20000$ and if it can't keep 20000$support we may see the price touching 16000 or less.
NZDUSD H4 - Long SetupNZDUSD H4 - Hugely bullish bias at the moment as these eastern pairs (A/N) keep inching higher and taking advantage of the soft USD at the moment, no doubt a correction will be due for the USD and we could see a retest of this broken zone.
BMRI - FORMING RISING WEDGE- I found BMRI just losing the momentum
- After follow up this stock just forming Rising Wedge Pattern
- RSI Indicator (Stoch) just tell us that BMRI is overbought
- So do Indonesian Composite Index just showing the overbought signal
EURCHF H4 - Long SetupEURCHF D1 - Massive S/R range here offering a 10R setup from support to resistance, initial support at 1.07900 broke following an extremely bearish start to the week (D1 chart). Looking to scout out buying opportunities as we approach that 1.07200 support zone, market relief area, huge R potential. Although not as many confluences as I would like, I think the R potential outweighs this too. Lets see what happens as we approach.
KLCI Index broke above resistance .. time to long all Big Stocks1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash
NZDCAD H4 - Long Trade SetupNZDCAD H4 - That whole number support seems to be holding quite well, double bottom, failed to set a lower low from H4 support, neckline is around 1:1.5 so we could be sat risk free ahead of the next resistance price. 50 minutes until H4 close
What is next?Quick update on GU. Let's have a look on Daily timeframe. We have a clear Doji candle close on Friday with bearish body, which tells me that this area is controlled by bears. Anyway we have 2 wicks rejections from that area which I previously mentioned to everybody here.
So what will be next? According to the nature of the market - we always have 2 phases - impulse and correction (pullback). So after a huge impulse on Daily timeframe which starts from 1.2672 ( 850 pips move) the correction should start to form. I found 3 psychological levels - 1.3300, 1.3200 and 1.3100. So for now those 3 levels will be support area for me for the upcoming week.
Long positions is not taking to the account for now. BUT if we will brake the resistance region - 1.3470-1.3515 I will check the chart one more time lol. Do not forget about false breakout as well. Cheers to everybody!
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CHWY Daily ChartFor CHWY, it closed at 72.29. Ideally, you want CHWY above 74.26 for calls. ATH if it breaks as the resistance if not it will most likely hang around the channel of 70.63 and 72.68. Below 70.63 you can play puts. Or if it gets rejected at 74.26, look to short it to 72.68
MU Calls?This one is tough to chart due to it being very extended. My best guess on this one would be a break above 71.51 to further extend its ATH. It rejects, use 69.90 as a support, breaks below that, we could see 67.04
Our first support region was hit!The Pound didn't get our main target of resistance, so i didn't short it. But instead of this we got a huge impulse to the downside and hit our first support level at 1.3290
Once we break the support level and retest the resistance - will look for short to the 1.3100 as I mentioned earlier
Will it hit our resistance zone?Quick update on GU. I still have an alert here at 1.3451 and didn't hit my target yet. If we will not reach my main resistance zone and the price will brake our main support region 1.3290 then the price will meet new support area at 1.3100. So for now just stay patient and wait for the signal.
What is next for EURO?So let' start... The EURO already reached a point of 1.2000 . This was our main point. My previous post was about a reversal after psychological level of 1.2000 and correction to 1.1890, but the minimum of correction was 1.1923 (33 pips left) What do we have now? The price was broke the level of 1.2000 potentially start to form a new impulse to the upside! To be honest with you - I still can think the price will pullback at least to the main zone of support for me 1.1900 (general area) . Next daily resistance level is 1.2200-1.2240
Our second support was reached!Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post
I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait for a pullback, and later on to go for a long. Need more time here to figure out some PA and as always keep you updated! So stay tuned!
TIGR set to run wild! Long term and near term views...NASDAQ:TIGR is setup to rebound on support and make a play to the upside for a lengthy uptrend that should continue til next earning release around early March 2021. Below I will show you the Big picture and the Near term Picture....
BIG PICTURE
TIGR is in a weekly and daily channel from 6 months ago to now and is headed to the lower band of that channel but has strong support near 5.50, 5.50, 4.75, 4.50, 4.25 and 4. Let's start with the WHY will it rebound?!? This is the robinhood of china and just had an earnings blowout last week. Absolutely amazing earnings of 130+% for users, rev, net profits. China just dumped 30 Billion into their market this week as QE. There is no slowing down for this company any time soon as they are valued at having customer counts in the single digit millions and in an asian market they have virtually unlimited customers to gain locally. The stock took a hit with profit taking and lack of catalyst after the huge earnings but the value still remains. now becoming oversold and undervalued this company is ripe for a large lengthy upside into next quarters earnings. The channel has upside to 9.00 and downside to 4.75 so @ 5.50 this is a STEAL.
NEAR PICTURE
6 month, 3 month, 1 month uptrend embedded readings, 1 week pull back (retracement) signaling profit taking from last quarter.
CATCH the wave and ride long my friends.
1:4 DONEJust little update - the target was hit. My last update was about last impulse to the upside! Enjoy to everyone!
Potentially LONG to 1.9200Let's have a look on USDCHF. I mentioned before that we are looking for some trend change after getting inverse H&S pattern and we go back to 1.9200. here you have
According to our chart on 4H timeframe - we can notice that new impulse after false breakout was already formed. We just retested our main intraday resistance level at 0.9090. Potentially for me it is gonna be a huge move to the upside back to 1.9200. Hard to say how deep can we go from now, but my last point will be support area on 0.8990 - 0.8980.
Will be new impulse ?Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post
And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main resistance 1.3470-1.3520 we gonna look for short. And then hope the price will reach out daily support zone at 1.3100. So let's check my forecast on GU.
Wait for the last impulse
Hey traders, let's have a look on this currency pair. I mentioned on the weekends that it is gonna be perfect example of how the pullback can be created)) After getting double/triple formation we start to form new impulse to the upside, which was entry impulse for us! The MA50 was successfully broken so it is a straight signal for me the trend is gonna change.. at least I am waiting for one more impulse to the upside just to hit my TP and main resistance level inside of this range. Let's see how this will play out!
Prediction - reversal!Yes... That was a reversal level. Was a little busy to catch up that moment but later on I noticed that we got false breakout here, and start to think that we can go lower just to hit my another level of support. A nice push to the upside was already formed so waiting for a pullback to open LONG position, Hope we can go to 1.9200 on this one, let we know what do you think?
