AUDUSD Short Trade SetupAs you can see, my wave count consists of 4 degree of 12345 structures. It seems a bit optimistic, but there is definitely a chance for such downward impulse. That's why I want to take a short trade. To do that, I need a complete 2nd wave and a reversal pattern under the blue trendline.
Medium-term
AUDUSD is getting ready to slide upIt can be seen from the daily time frame chart that I show, AUDUSD has corrected at the 50% Fib ratio level, also in the strong demand zone at 0.74100, and has been followed through the oversold level 2 times (RSI indicator).
Medium to long term targets, target 1 —> 0.83417 & target 2 —> 0.89213.
AUDCAD Long Trade SetupMy annotations indicate my main expectation, but there are some other options for the completion of the correction. Then we should see a big upward impulse. Now, I'm waiting for a new low (purple B) and a reversal structure to take a long trade. I do so because the new low can be the end of the correction. If I see any chance for one more downside after the purple C, I'll hedge my trade, otherwise, I'll just move SL to BE.
AAPL Long...Possible breakoutThis chart I quickly drew for myself a while back. Any more information or explanation please just leave comment.
With the US Vaccination numbers compared to other countries I would definitlly trust the US companies the most while other countries still struggles with getting Covid undercontrol. We all saw what the market does when lockdowns are announced so for me right now as South African, all my holdings is within the US economy and exchanges. I think Apple is the perfect low risk value and growth stock for those looking to put their gains of last year in more stable holdings, big money such as ARK uses Apple and other FANG stocks as liquidy pools for their cash... Its stable and realisticly Apple has given almost alll investors to date great gains and with M1 as their start for apple silicon. People don't relize the margin gain Apple is making due to their in house silicon. The current ecosystem has already proven to be a sticky mess to get out, Apple silicon just closes the loop now from hardware to software. As far as I remember this is and was always Apples main goal, Software and hardware optimized for each other and Apple now finaly has that to their macs.
What news am I waiting on? The new 14inch Macbook pro and the current 27 inch imac replacement. That will give this company a greate upside to its current share price.
My 1 year target is around $155-$180
New all time high could come sooner and I won't exclude $200 a share.
Thanks Everyone
USDCHF Long Trade SetupAfter breaking the previous low, it jumped back quite strongly, and created a reversal impulse. So, I'm waiting for a big enough correction to take a long trade. If the whole downward structure was a complete correction, we will have a nice upward impulse, otherwise, a correction and more downside.
RELIANCE MEDIUM TERM OUTLOOKReliance had been inside a zone since Oct 2020 and last week it finally broke past its major trendline and resistance line! With the weekly pattern now looking bullish and favourable risk:reward Reliance is my top medium term pick.
Long above 2250 with a stoploss of 2150 or your risk appetite for targets of 2700+
CADJPY Short Trade SetupThe last top can be the en of the monthly running flat, and if so, the next wave will be a huge drop. That's why I want to take a short trade. I'm waiting for a small correction under the trendline to place a pending order. Then I hope it will fall fast, but I don't know how deep will be the next wave. It can be a big or small one before its bigger correction.
USDCHF Long Trade SetupThe downward structure can be a complete correction. If so, we should have a reversal impulse and now, it should be making a correction. That's why I placed an entry order. The next upward movement will break the trendline, and then we'll see how far it will go before a bigger correction.
USDCAD Long Trade SetupThe last low can be the end of the monthly regular flat and the next wave can be a huge upward impulse. After the orange C, it made an impulse, which broke the trendline, and a correction, which bounced back from 0.886 retracement level. So, we may have a complete reversal pattern, and it seems a trade setup is in the making. That's why I placed a pending order.
USDCAD Long Trade SetupSince the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to miss the next impulse if it goes up directly. If it makes the B wave, I'll hedge my trade.
XAGUSD Short Trade SetupThe upward structure can be a correction and if so, we should see a nice drop, which will break the previous low at 23.78. That's why I placed a pending order to take a short trade. If it makes a correction for more upside rather than a downward impulse, I'll hedge my trade. My risk is 0.5% because of the strong momentum of upside and the fact that 0.786 hasn't been tagged yet.
AUDUSD Short Trade SetupWe may have a complete correction between the green lines, and a reversal impulse. So, the next wave should be more downside after a correction. The structure between the yellow lines can be a complete correction. That's why I'll take a short trade when I see a valid trade setup, which is a correction after the break-out. That being said, my main expectation is a bigger correction before the downward impulse.
GBPJPY Short Trade SetupThe last top can be the end of the monthly running flat. That's why I want to take a short trade. We may have a complete reversal structure. Now, I'm waiting for a small trade setup to place an entry order. It isn't my main plan to place an order under the potential reversal impulse because we may see more upward movements. There is a trendline around 155,500. So, there is still some room for more upside. That being said, if it starts coming down fast, I'll set my entry order under the last low with SL over the last top.
NZDCHF Long Trade SetupWe may have a complete correction and small reversal structure. Actually, we may place an entry order over the last top, but I don't want to do that because there is still a chance for one more downside. That's why I'm waiting for a small trade setup after the running flat. If I get it, I'll place a pending order and move SL to BE when it breaks the last top.
GBPJPY Short Trade SetupAlthough my expectation is a bigger correction under the blue trendline, the upward movement can be a complete correction, and we can have a strong downward impulse. That's why I want to take a short trade and see what will happen next. I'm waiting for a valid trade setup to place a pending order.
SRM Trading Plan For Medium-Termuntil now, SRM show steady gain without being too volatile. i can say that SRM is a safe investment, for 1-2 weeks just hold it till it reach the target TP. the buy zone that i recommend is for catching wick so place order now and wait, go for the number that youre comfortable with. im using snr and trendline analysis, i hope analysis could help you to make your decision. take it with a grain of salt.
GBPCAD Long Trade SetupUnfortunately, the internal structure of the yellow C is a mess. That's why it's not clear if it's over. We may see more downside. But the bigger structure looks pretty clear. As you can see, my expectation is the C wave for a complete regular flat. So I'm waiting for a valid trade setup to place a pending order. What we have after the last low can be a trade setup, but I prefer to have a bigger one. That's why I haven't taken any action yet.
SPX500 Short Trade SetupThe last top is the all-time high, and what we have after that looks like a reversal structure. For now, I can't tell if it will make a small or pretty big correction for more upside, or a huge drop. But in all cases, we should see a downward structure. That's why I want to sell it. To do that, I'm waiting for a complete correction. I may place a pending order to 0.886 retracement level of the reversal impulse with SL over the top by risking probably 0.25%.
GBPJPY Short Trade SetupThe upward movement from 124 looks like the C wave in a monthly running flat, and it might be over. That being said, there is still some room (approximately 300 pips) to go up. So, we will see that part, but if it's over, we will have a quite big drop, like 4000 pips at minimum. Of course, I won't trade this chart with 4000 pips target, but we can have some huge internal downward impulses along the way. For now, I'm looking at the last top as the end of the C wave, and waiting for a correction to take a short trade.