Investroy
EUR/USD, next move The pair has turned bearish overall and it is forming Lower Highs and Lower Lows. We were able to enter a short position last Friday and capture a decent +100 pip bearish move. The price has formed a new Lower Low and it is on his way up to form a new Lower High. We are opening BUY positions here and aiming for the area identified on the chart. Once again, our overall bias is bearish. We will be looking for SELL positions after a new LH is formed.
Happy trading, family! Make sure to drop your thoughts and ideas in the comment section below!
BITCOIN, another dip or time to go up?The price is still in a boring consolidation phase. On the long run, our bias is surely bullish. We have to wait for the price to break out of this rectangular range before we can make clear decisions on where the price will move next.
What do you think, ladies and gentlemen? Will the price keep growing up or are we getting another dip before bulls step into the game full force?
EUR/JPY, trend change or a fakeout?Looking at the 8H chart, we may observe that the price has managed to close below the zone of support shown on the graph. However, we have to be careful, because there is a possibility that it is a fake breakout. That is why we have to wait for a breakout of the mini range shown on the M15 graphic before getting a clear picture and direction of the price. After a breakout and a re-test of the box, we will open transactions and aim for one of the targets indicated on the chart!
Where do you think the price is headed next, fam? Feel free to drop your predictions in the comment section below.
USD/CAD, some rest before further upside movement As it can be inferred from the bigger timeframe charts, the price may potentially reverse and continue growing to the upside. The price printed a very strong bullish candle last Friday and broke the zone of resistance identified on the graph. It will keep growing again, but we need a decent pullback for that. We are expecting the price to drop till the area plotted on the chart before continuing to rise and reach the 1.226 zone of resistance which once was a zone of support.
EUR/USD, time to drop downAs it can be inferred from the graphic, the price has successfully rejected the upper boundary of the channel illustrated. We are expecting the price to keep falling and reach the target plotted on the chart.
What do you think, fam? Feel free to share your opinions and ideas in the comment section below!
BITCOIN, one more dip or time to fly?As it can be noticed from the chart, the price is forming some kind of a descending triangle and moving within this pattern. What do you think, family? Will we see a breakout and a rocket to the upside? Or will see another dip?
We are waiting for more confirmations before buying or selling this one. If the price manages to break the upper boundary of our triangle, we will be buying and aiming for the moon. On the other hand, if the price forms a nice top, we will expecting a fall.
Feel free to share your ideas in the comment section below, everyone!
ETHUSD: TO BREAKOUT OR NOT TO BREAKOUT?This is the question; ETH is facing at the moment. From the current momentum, the price is expected to hit that 2900$ one more time. However, if we manage to break further down from this ascending triangle nothing is stopping us from reaching 1750$, where we can add more long positions to our portfolio. Safe trades and remember to manage your risks!
TESLA: DESCENDING TRIANGLE IS GETTING TIGHTERHere is our weekly outlook for Tesla stock. We can notice the descending triangle pattern right away from the first glance. The descending triangles usually indicate a bullish breakout. In our case the price is expected to hit down to 500$; however, this is most likely to be followed by a retest/correction at 550$. Overall, long-term our bias stays bullish on Tesla as they continue to open more factories; however, this doesn’t mean that we don’t monitor the market for better entries to our portfolio. If you’re looking to secure some profits and re-enter the trade a little further this is your sign to do so.
AUDCAD: NO BRAINER SELL ON H4Take a second to look at this beautiful opportunity we were blessed with. It’s an easy 100 pips sell, so let’s capitalize on it. The wedge is getting wider and wider, but 0.926 definitely looks like a nice next stop. Make sure not to miss this opportunity; however, as always manage your own risks and stay responsible for your actions.
NZDUSD: FUN TRIP TO BIKKINI BOTTOM As you can see from the chart, right after the price hits the trendline one more time we’re expected to head further down to 0.713 levels one more time. This is the pure magic of TA, you only need support, resistance, proper diagonal trendline, and some basic understanding of economic fundamentals. See you at 0.713. And once again: don’t rush to enter the trade, we still have some minor room up.
EURNZD: ALL THE WAY UPWe’re currently in a bullish run for EURNZD. The question is what the best point for the entry would be, and here we have 2 options pretty much. Since the resistance been tested a couple of times before the breakout is likely to happen at 1.695. Alternatively, if the price heads further down to touch the trendline one more time, we can open some longs at 1.68 after making sure the price fails to break the above-mentioned ascending trendline.
SHIBUSD: TIME TO STACK SOME COINS UPObviously, don’t take this as a financial advice since TA isn’t necessarily working with cryptos as well as it does with Forex. However, we can see nice support as indicated on the chart. Even though it’s a descending triangle, you can open short-term longs up to the top axis of this pattern. Your stop loss should be pretty tight as we’re located almost at the major support itself. Good luck fellas!
GOLD, two possible scenariosThe price is currently sitting on a structure and it looks like it has been able to bounce off it. If the candle closes above the structure, we will be looking for BUY positions and aiming for the upside. On the contrary, if the price manages to close below the structure, we will be looking for short positions and aiming for the downside
EUR/USD, possible short scenarioYesterday's EURUSD did not play out according to the plan, unfortunately. However, we have another great scenario for the pair. We can see that the price is moving between two trendiness in a parallel channel. It's located at the upper boundary of the channel at the moment. We will be waiting for the price to break the structure identified on the graph before going short on the pair and targeting the zone plotted on the graphic
Feel free to share your opinions and ideas in the comment section, family!