Levels
USDCAD - LONGBuying opportunity from Major Support Level. The target is next Supply Zone.
USDCAD - LONG
ENTRY PRICE - 1.24760
SL - 1.23900
TP - 1.27500
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SPX hit 4560 and broke throughSaw 4560 after never gaining any upside momentum. We had a target below of 4532.45 and hit 4530.20. Not too bad here. Going to have to look for a pullback to the upside soon before another leg down if we get one. still intact for outside month target here of 4495.10. 4500 as always is a Big Psychological level. Lets see what happens here.
Still on the same Short scalping hourly S*%$We are not used to publishing so many ideas so frequently but things have been cooking for some time now.
So we published a few ideas about how Gold is behaving and what we was going to do about it.
Short scalps was the solution to the stalling Long move. The idea is when you start struggling to hit 50, 70 and 80 pips short scalps, you know the long is coming. That long however is due to hit a ceiling and come down from there. For this reason we are sticking to our Overall short Bias and continuously short scalping.
Throw in the odd long scalp back to your shorting entry prices and by the time this massive long or Short comes, you probably would have made the same or more on scalps.
So far there have been 7 saucy short scalps and 2 ready salted long scalps and the entry prices/ranges remain the same.
1825, 27, 28, 30, 35, 40 , 46-60. Until of course they get broken and closed above comfortably.
Not to forget the lowest possible entry price for long scalps is very important as if you are on board a long to your short entry you can reap those profits too. (currently in a long scalp but it may not last that long)
Remember Keep the scalps short and sweet and don't be greedy on Gold.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
$qqq 30min analysis The micro time frame of $QQQ is showing no signs of a reversal. $386 is looking like a high probable short opportunity. $QQQ needs to make a higher low above $380, and then take out $386. Play the levels to both the long and short side this week. The market can do whatever it wants, so it is important to be ready for both sides of a predefined level. Wait for confirmation, define your risk, then execute.
Market Update - Bitcoin. How I play this sell off?In this video:
* Quick weekend update necessitated by current Bitcoin price action
* Am I a bear yet? Am I wrong about the H&S pattern?
* 40,800 provides serious support
* But 36,000 is definitely a real possibility
* More on why I don't think 20,000 is in the cards
* What is my strategy going forward? When I am waiting to sell?
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.
$mu analysis 30minAfter wicking into all time high supply, a head and shoulders patterned has formed suggesting a move to the downside. $92 is the key level here. This is a price you can play long and short off of. The directional movement of $MU will depend on the overall strength of other semiconductor names, this could easily make new highs in the following weeks of January.
ETHAUD Key Monthly Support Resistance LevelsKey areas for ETH AUD paired, Still may come down further to gain support and then proceed its trajectory up!!
Market Update - BULLISH! - And how I trade levels in a downtrendIn this video:
* A quick review of the current market sentiment
* I am bullish!
* Everything is moving as expected
* I review and instruct on a more advanced trading technique/strategy - How to trade levels in a correcting or bearish market?
* You can make gainz by going long in a bear trend!
Happy New Year Traders!
Basic Attention Token - Is $2.50 still in play? How I trade thisIn this video:
* I discuss BATUSD
* Entry levels
* Trade strategies
* Exit points
* Targets
* Possibilities
* How I would trade this.
Fantom FTMUSD Charting on the fly. Learn with me. Target $4.00! In this video:
* I chart on the fly with you all so that you can see how I do what I do
* I chart trendlines, levels, fibonacci, and bullish divergence on the 4 hr.
* We can see a longer term swing trade target of $4.00
Best of luck traders!
EUR/GBP BACK AROUND 0.8500 ZONE AFTER THE BREAKEUR/GBP stays remains unchanged in the downtrend channel after the BoE surprisingly hiked interest rates for the first time since the outbreak of the coronavirus pandemic.
Intraday bias in EUR/GBP remains neutral first and with 0.8380 minor support intact, further rally is in favor. On the upside, a firm break of 0.8600 resistance will be the first sign of a larger bullish reversal and target 0.8660 resistance next. If that level doesn’t stop the price it will activate more bulls on the market and the trades can see a price around 0.8720.
On the downside, however, a break of 0.8453 will turn bias back to the downside to retest 0.8383 low instead and it probably moves the price to test again the downside channel line around 0.8346.
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.
AMD analysis updated after 3 months. How has it played out? Hi everyone,
I started investing in NASDAQ:AMD last year. Have done multiple chart and fundamental analyses since.
Let's see how the stock has been performing relative to my prediction.
Last post on NASDAQ:AMD was shared on September 21st . Price was at 100 at that time. I was adding to my position aggressively at that pullback.
Then we went through the 122 level in October and even touched 162 a couple of times in November.
As we are currently in the midst of stock market uncertainty, the price has been consolidating inside the blue box between 134 and 162 .
Watch 134 closely. If it breaks, c ya at 122 .
Congrats to everyone who bought inside the yellow boxes and held.
I still think the company is great and I have not sold my position.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.