Why I Think CADJPY Will Continue to SellHey Rich Friends,
Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at:
- The most recent candle has rejected the previous supply area
- The momentum indicator is facing down
- The slow line (orange) is above the fast line (blue) on the stochastic
Additional confirmations to look for:
- Wait for the stochastic to cross below 80
- Wait for the momentum indicator to be negative
- Wait for break of structure on the downside
TP will be set at 100 and 200 pips from SELL LIMIT entry!
It is still NFP week so remember to check the new and only enter a trade if it makes sense to you.
Peace and Profits,
Cha
M-oscillator
Why I think EURUSD Will Continue to Sell This WeekHey Rich Friends,
This is only my technical analysis of EURUSD, which means you should still check the news and confirm with your indicators.
I think EU will continue to see this week, and here is what I am looking at:
- The first thing I noticed was tha gap that needs to be filled in the market which I have highlight on my chart. The market will always correct itself!
- The candles have rejected a previous supply zone on the daily chart
- Structure has been broken on the downside from the previous day
- Candle has opened and closed below the 50 EMA.
- Candle has crossed below the 200 EMA
- The STOCH is facing down, the orange line (slow) has crossed over the blue line (fast) and is below 50.
These are more than enough confirmations for me to take the sell! Check it out, and see if it makes sense to you to take this trade. CHECK THE NEWS.
Peace and Profits,
Cha
Why I think GBPJPY Will Continue to Buy This WeekHey Rich Friends,
This is only a technical analysis so make sure to check the news and any other indicators on your chart for additional confirmation.
I think GBPJPY will continue to buy this week and this is what I am looking at.
- The candles have already tested and rejected a previous demand zone.
- The Momentum indicator is currently facing up and positive
- The STOCH is facing up, the fast line (blue) is above the orange line (slow) and has crossed above 50.
You can wait for these additional confirmations before entering at Market Execution:
- Wait for the current or next candle to cross and close above the 50 EMA.
- Wait for the slow line (orange) to cross above 50.
I will entering at Market execution and also setting a buy limit in the demand zone. My SL will be a previous low and my TPs will be previous highs.
I hope this makes sense but we will see what happens this week.
Peace and Profits,
Cha
Why I Think GBPUSD Will Continue to Sell This Week Hey Rich Friends,
It is time for another trading week! I think GBPUSD will continue to sell this week and here is what I am looking at:
- The candles have already rejected off of the supply zone
- The candles are closing below the 50 and 200 EMA
- The STOCH is below is 20 and the orange line (slow line) is above the blue line (fast)
This is only a technical analysis so please make sure that you check the news and your indicators to see if it makes sense to you.
I will be getting into this trade for Market Execution and setting a sell limit in the supply zone.
Peace and Profits,
Cha
Why I Think GBPUSD Will Continut to Sell Hey Rich Friends,
I think GBPUSD will continue to sell this week and here is what I am looking at.
- The first thing I noticed was that the market has already rejected 2 previous supply zones and is continuing to fall
- The current candle has opened and closed below the 50 EMA
- The STOCH is facing down and below 0
- Sellers seem to be gaining momentum.
I entered this trade at market execution and have sell limits in the previous supply zones. My target areas will be previous lows.
This is only my technical analysis so please make sure check your charts and the news for additional confirmations.
Peace and Profits,
Cha
Why I think GBPUSD Will Be Buying This WeekHey Rich Friends,
Happy Pisces Season! As a gift to everyone, I have a very special offer for my eLearning platform where you can save over 50% on all mentorship plans. You can register by clicking here or filling out this form.
I wanted to share my technical analysis of GU this week. I think it will continue to buy and here is what I am looking at.
- The candles have already rejected the previous support/demand zone
- The candles have crossed above the 50 and 200 EMAS
- The STOCH is facing up, the blue is above the orange and both lines are above 50
- I have 2 potential areas highlighted for buy limits, meaning I think that the market will retrace to these areas before continuing the bullish trend
I would wait for:
- Structure to be broken on the 4H time frame and to close above the previous high
I have entered this trade for market execution and also have buy limits set. TPs should be set above previous highs and SL should be set below previous lows.
Remember that this is just a technical analysis so make sure to check the news and confirm with your indicators.
Peace and Profits,
Cha
Why I think EURUSD Will Continue to Buy This WeekHey Rich Friends,
I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at.
- The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry)
- The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange line (slow)
- Structure was broken on the upside on the 1HR time frame
I would look at previous support/demand areas for some buying opportunities. Set TPs at previous highs and SLs at previous lows.
Be mindful that this is only my technical analysis. Please check your charts, indicators, and the news for more information before making a decision to enter this trade. Great luck!
Peace and Profits,
Cha
Why I think USDCAD Will Buy This Week...Technical Analysis Hey Rich Friends,
I think USDCAD will continue to buy this week and here is what I am looking at:
- The market has already resisted the previous demand zone
- The previous candle was a bullish engulfing, confirming the buying trend
- The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend
- The STOCH is facing up, both lines are above 50 and the blue line is above the orange line.
Signals to wait for:
- Both lines of the STOCH to cross above 80
- Current candles close above 50 EMA (blue)
Remember that this is only a technical analysis, so please check the news and reference other indicators on your chart.
Good luck and Happy trading.
Peace and Profits,
Cha
Silver MonthlyTarget for the next several months is ~20 usd
The sooner we hit it, the sooner we can start another bullish leg.
Short Term Targets are bullish ~23 usd
Anything can happen in this market, as JPM, Deutsche, USB, HSBC have all been fined for spoofing or manipulating the silver market in the past 3-4 years.
SPX setting up positively ahead of tomorrow's CPI releaseSPX setting up positively ahead of tomorrow's CPI release. IF stochastic can hold in its upper quartile, an underlying positive momentum will be present.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Apple's Stock Forecast: Poised for a ReversalIn a technical analysis forecast that could signal a turnaround for Apple Inc., the charts are indicating a potential shift in momentum. The falling wedge pattern observed is suggesting a consolidation phase that could prelude a bullish reversal, aligning with the optimism surrounding the company's innovative trajectory.
With Apple's stock price currently testing the lower bounds of a linear regression channel, the statistical support level adds a degree of confidence to the prognosis. Technical analysts are eyeing a target of $180 by July 24, 2024, a notable ascent from its current position. This anticipated recovery to the $180 threshold represents a significant price movement for investors closely monitoring Apple's performance metrics.
The falling wedge, a classical pattern in technical analysis, further corroborates this bullish outlook, especially when considering the historical resilience and market performance of Apple. As the stock appears to consolidate at the wedge's apex, the potential for an upward breakout is watched by traders with keen interest.
Apple's stock has not only shown resilience in the face of market volatility but has also maintained a solid fundamental background, with the company consistently at the forefront of technological innovation. The projection of a rebound in Apple's stock is in tune with the company's reputation for strategic growth and market leadership.
As with any market analysis, it is imperative to consider multiple factors, including market trends, geopolitical impacts, and company-specific news, to form a comprehensive investment strategy. The projection is not just a reflection of statistical analysis but also of market sentiment towards a company that has repeatedly demonstrated its capacity to innovate and adapt.
In the near term, traders and investors alike will be watching for signs of strength as the stock navigates through its current technical juncture. The strategic moves made by Apple in the months to come will likely play a pivotal role in whether the stock can achieve the anticipated $180 price level by the given date.
DAX short-term traders need to line up with longer time frameThe DAX daily chart has bullish elements to it, but the hourly traders have not synced up to them yet.
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Bullish Signals Appear In The Automotive Sector**Heads up, everyone! ( NASDAQ:TSLA ) just bounced off a critical support line dating back to 2020. Not only that, we're seeing a bullish double bottom forming and RSI divergence hinting at a potential trend reversal. **
**This bullish sentiment isn't just for Tesla. My TA on NYSE:KMX and NYSE:F are also showing strong buy signals. Could this be a sign of a broader auto stock rally fueled by overflowing market greed? **
🐺 keep your eyes on GALA 🐺🚀Hello my friend ! 🐺
Today I want to talk about of one the most popular gaming token in the last bull market and even in the current situation .
As you can see in the chart above , GALA currently is in the uptrend and also we have a clear flag pattern in the chart which is a continuation pattern ; also price currently holding above the weekly support line ( purple horizontal line ) .
In my opinion if price break above the flag , we could expect another 100% pump to the next resistance level , which is around 0.12$ mark .
Have nice trades.... 🐺
Indicators for trading using Bill Williams' Profitunity strategyI published 3 indicators for trading using Bill Williams' Profitunity strategy. For each indicator, I have added a visual and detailed description in English and Russian. In this post I will briefly describe these indicators and how I use them together.
AFDSA indicator (Alligator + Fractals + Divergent & Squat Bars + Signal Alerts)
Includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum or minimum peak of the Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy:
Bullish and Bearish Divergent Bar Signal + Squat Bar + Green Bar + Fake Bar + Awesome Oscillator Color Change + AO Divergence.
Crossing the green line (Lips) of an open Alligator.
Formation of a fractal.
Signal about the breakdown of the last upper or lower fractal.
Signal about the appearance of a new maximum or minimum peak of AO in the interval of 140 bars from the last bar.
I also added an Alligator display for the higher timeframe, for example, if the chart timeframe is 1 hour, then the higher timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the higher timeframe will be 1 day, etc.
AOE Oscillator (Awesome Oscillator + Bars count lines + EMA Line)
Includes the Awesome Oscillator with two vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed.
I also added display of the AO line for the lower timeframe instead of the EMA line if the Moving Average Line values (method, length and source) are equal to the Awesome Oscillator values in the indicator settings. For example, if the chart timeframe is 1 day, then the lower timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the lower timeframe will be 1 hour, etc.
VBCHL indicator (Visible bars count on chart + highest/lowest bars, max/min AO)
The indicator displays the number of visible bars on the screen, including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator. The values change dynamically when scrolling or changing the scale of the chart, but with a delay of several seconds, so this feature is included in a separate indicator so as not to slow down the work of other indicators.
Indicator settings
In the AFDSA indicator I use the following settings:
By default, the Squat Bar is colored blue, and all other bars are colored to match the Awesome Oscillator color, except for the Fake bars, which are colored with a lighter AO color. But I also enable the display of "Green" Divergent bars in the "Green Bars > Show" field.
I enable the display of Alligator for higher timeframes in the "Alligator for higher timeframe > Enable" field.
In the indicator style settings, I disable the display of the highest and lowest bars, maximum and minimum AO peak labels, because these labels are also displayed by the VBCHL indicator depending on the number of visible bars in the chart window.
Only after opening a position, I enable all additional alerts in the “Enable all additional alerts” field (after changing this field, you need to re-create the alert for the current chart): crossing the green line of an open Alligator, formation of a fractal, appearance of a new maximum or minimum AO peak.
In the settings of the AOE oscillator, I enable the display of the AO line for the lower timeframe instead of the EMA line, setting the same values in the fields for the Moving Average Line (method, length and source) and Awesome Oscillator.
In the VBCHL indicator settings, I only enable the simple display text style for labels in the "Simple display text style for labels" field.
As a result, when analyzing the current chart, I immediately see all the signals on the chart, the location of the bars relative to the Alligator on the higher timeframe and changes in the Awesome Oscillator on the lower timeframe. And thanks to the VBCHL indicator, I quickly select the desired timeframe for analyzing the 5-wave Elliott impulse, focusing on the interval of 140 bars, and immediately see whether there is divergence between the maximum AO peak and the following lower AO peak in this interval.
SPX500 setting up bullishly pre-cash openSPX500 setting up bullishly pre-cash open.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
AUS200 - Bullish Momentum Incoming!PEPPERSTONE:AUS200 is about to break the resistance trendline. It should be noted that PEPPERSTONE:AUS200 is in a bullish trend on higher timeframes. Currently, there is bullish divergence on 1 hr and break of resistance trendline can potentially lead to bullish price action!
Bitcoin is in compression area, watch this for the next move.From ATH 73836$, Bitcoin dumped down to 60k$. Is it a good time to refill or will it continue lower ? We will try to anticipate by looking for breakouts using RSI and volume profile.
The RSI has completed an head and shoulders pattern, falling back to 50 in value and entering a triangle between ascending support and falling resistance. A breakout from this triangle will tell us the direction for the next move.
Volume Profile shows us that there is a lot of trading volume from 66k up to 69k$. If price breaks above 69k then there will be no barrier to the upside. Until then Bitcoin remains weak.
Internet Computer (ICP)On the above 6-day chart price action has corrected 97% since August 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Stochastic RSI resistance breakout.
3) Regular bullish divergence as measured over the last 2-3 months.
4) Falling wedge breakout + support. 100% upside target projected.
Is it possible price action corrects some more? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Long timeframe: This month
Return: 100% in the 1st instance
Real yield in uptrendThe weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
USDJPY Analysis: Bearish Fib-3 Bat Retest Analysis:
- Trading Setup: Bearish Fib-3 Bat Retest
- Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone
- Signal Confirmation: Supported by RSI Divergence
- Trading Expectation: Expect potential stop-outs on lower time frames
Trade Plan:
- Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone
- Risk Management: Plan trades in advance and adhere to rules that invalidate the setup
Your Thoughts?
Are you considering a short position on USDJPY? Share your insights and trade plans in the comments below!
📉 Remember to trade responsibly and manage your risks effectively! Trading involves inherent risks and requires careful analysis.
Alchemix (ALCX)On the above 4-day chart price action has corrected by 95% since a sell signal printed. Today is great long opportunity. Why?
1) RSI and price action resistance breakouts.
2) Multiple oscillators print bullish divergence. Look left.
3) Price action prints on support. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: don’t know. 2 years ago it was 2k per token.