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GBP/USD RETEST AGAIN THE RESISTANCE DOWNTREND LINE AT 1.3600The hopes of government support to the London, due to Brexit-linked losses to the financial hub, join the positive progress on the US-UK Brexit trade talks to favor GBP/USD bulls. Elsewhere, the European Union (EU) took down multiple Brexit-linked sites, including the leave EU, while marking the latest spark with the UK. Additionally, news of the British-France tussles over immigration also portrayed Brexit woes. During these political and economic events, GBP/USD touched again and retest the downtrend resistance line drawn from the high of the beginning of June last year and the strong psychological level at 1.3600. Yesterday the GBP/USD was trading higher and closed the day in the positive territory around $1.3528. Today it was trading in a narrow range of $1.3525-1.3600, staying close to 8-week highs. It would be interesting how the traders will react in the following days. If the price continues growing and break with a strong bullish daily candle 1.3600 level it will activate the bulls on the market and the price probably easily will reach 1.3700. If that level doesn’t stop the upward movement it is possible to see prices around 1.3832 or higher to the strong psychological levels 1.3900 and why not 1.4000. Retail trader data shows 49.59% of traders are net-long with the ratio of traders short to long at 1.02 to 1. If the price confirms the downtrend and resistance line and starts falling and breakthrough 1.3500 level it will activate the bears on the market. It is possible to see very quickly test of levels around 1.3366. If the sellers don’t stop there it is possible to see prices around 1.3200 or to reach the downtrend support line around 1.3000. Looking at our oscillator indicators we can notice that RSI is very close to the overbought zone. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
ADBE RETEST AGAIN AND BOUNCE BACK FROM STRONG SUPPORTAdobe Systems Incorporated (ADBE) is a large diversified software company that operates worldwide. The company deals in digital media and cloud services that allow customers to access the latest versions of its creative products. The stock had been a big winner over the last couple of years, more than doubling since the start of 2020. However, a recent disappointment in earnings erased the last few months of gains. With earnings estimates starting to fall, investors are now concerned that the bull run might be over. The guidance forced analysts to drop earnings estimates for all time frames. For the next quarter, we have seen just a 1% drop over the last month, falling from $3.37 to $3.34. But the stock bounce back after the false breakout and step again above $550.00 per share and above 50-Fibonacci retracement level drawn from March 2021. The stock gapped lower after EPS and then took out the 200-day MA and continued to lows not seen since June. If the bears want to push this stock lower, they must take that $550 level out and could push to the $450-500 area. If the bulls want to gain some traction back, they need to take the $593.00 and 61.8 Fibonacci retracement level and then fill the gap at $600. Our statistic software notes a bullish pattern with a peak return of 4% in 1 month and a probability of 72%. Until then, the sellers will stick around. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NASDAQ:ADBE
by legacyFXofficial
Divergence signal and selling opportunity in NZDUSDH1 time frame. Structure: Uptrend. The current price has formed a divergence signal and a double top reversal pattern. Wait for the price to break the Key level at 0.67900 and appear a confirmation retest signal, then you can find selling opportunities. The profit target is the 0.67600 and 0.67000 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Divergence appears at resistance for BTCUSDTH2 time frame. Structure: Uptrend. The MACD divergence signal occurs when the price moves to the resistance level of 52000. Wait for the price to complete the double top reversal pattern, break the Key level at 49400 and get a confirmation signal, then you can find selling opportunities. The profit target is the 45800 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
$T - Unorthodox Breakout Trade ThesisHistorically, $T is an extremely slow mover, which is why I was kind of shocked to see it as a potential breakout trade candidate. For whatever reason, $T keeps aggressively rejecting off of 24.22, meaning that once these sells are cleared out, we're likely clear up to 24.64! Once 24.64 clears we see 25.00 rather quickly. Although this move seems tiny on paper, if you play it with options, you can easily bag 200% gains in the blink of an eye. If we clear 24.22, consider grabbing 12/23 24Cs or 12/23 25Cs, depending on your risk tolerance. GLHF!
NYSE:TLong
by FluxTrades
Divergence signals and buying opportunities with EURAUDH4 time frame. Structure: Uptrend. At the price zone of ​​1.57000, a divergence signal and a double bottom reversal pattern appeared. Waiting for the price to break the Key level at 1.59000 and the retest signal to confirm the uptrend, we can find buying opportunities. Profit target is 1.61500 and 1.64000 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
1
A divergence and double top pattern appeared with AUDUSDH4 time frame. Structure: Downtrend At the price zone of ​​0.72000, there is a divergence signal with the MACD indicator and a double top reversal pattern. Wait for the price to complete the pattern and break the Key level at 0.70900 and have a confirmation retest signal, then you can find selling opportunities. Profit target is 0.70000 and 0.690000 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Wait for confirmation signal and sell opportunity with AUDJPYH4 time frame. Structure: Downtrend. A divergence signal and a double top reversal pattern appeared. Wait for the falling price to break the Key Level at 80,500 and have a confirmation retest signal, then look for selling opportunities. The profit target is the price zone 78,800 and 77,000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx