USDCAD AnalysisPrice action is forming trend reversal signal showing that USDCAD COULD REVERSE TO THE DOWNSIDE.....Read chart and monitor price action to sell.
Medium-term
GBPUSD Weekly Chart AnalysisAfter breaking the long-term trend line, GBPUSD has built a ground for itself in the 1.2760 area.
My view is long GBPUSD at 1.2850 (buy limit) with a stop loss at 1.2650 and targets as shown above, however, maximum target is 1.3490
It is recommended to open multiple deals and close one at each target, as well as dragging all SL orders to breakeven once price reaches first target.
Good luck everyone.
Saif Qaddoura , CFTe, ACI-Dealing
BTC/USD - Medium Term Bull TrendThe Bitcoin prices has shown a marked reluctance. It has registered a devaluation since the highs made at the end of 2017, close to $20k. The breakdown of the 100 weeks Simple Moving Average ( SMA ) accelerated the devaluation, but promoted a period of accumulation near the 200 SMA .
Additionally RSI 14 breaking up the 30 level, its another significant bullish signal.
Target price @ 5780
EurUsdPrice has been ranging within a 200/250 pip range since mid October. Price broke out of the key 1.1500 area which has acted as major resistance for a while. Price broke this 1.1500 zone with a very bullish candle, a retest has occurred of the zone and I see more upside potential with this pair. I would like to see the next upside target of 1.1600 in the short term, and then I believe price has the potential again to move even higher to test the 1.1800 handle in the short/medium term.
USDCNH - Medium Term Bear TrendUSDCNH reached historical max values and start the descendant channel approaching. Traget price @6.63.
NATGAS - Medium term Bear TrendWedge pattern promoting a Short position opportunity on medium term. Target price at $3.55. RSI indicator have cross below 70 pointing out bearish conditions.
BTC Medium-term: Sunny, but you never know, so bring a coat.In my first published idea here (mid-September), I suggested that BTC seemed poised to fall and re-test the bottom of a long-forming descending wedge.
Well, it did fall, but not quite to the bottom of the wedge. For the first time in a long while, we started forming higher lows. This trend has continued, and we now find ourselves in a very nice looking ascending wedge (drawn here in light green) -- still *within* a descending wedge (drawn in purple), but with solid support at around $6200 USD, and nicely shaping up to look a lot like a possible breakout/trend reversal.
For the first time within this downtrend, the 200 MA -- which has acted as a solid resistance over the past few months, rejecting several rallies at or near its mark -- is *above* this descending wedge (as I've drawn it, here), instead of right on top of it, or cutting thru it.
On the RSI side, we have a nice, long-forming ascending wedge (blue lines on RSI chart) -- a strengthening market.
But, on the shorter term, we have a *possible* RSI downtrend forming (red line on RSI chart). We'll soon see how that shakes out.
If we break up out of this wedge -- which seems likely in a few days, that's hugely positive. I'd imagine we'll test that 200 MA again, but this time, it's sitting higher, so if we break up, the next target is around $7250. We might see a small rejection at that point, but if this bullish momentum sustains, I think we have a good chance of bouncing right back to test -- and break -- it for good.
Bearish scenario, we fall to the bottom of this ascending wedge, test it, fail, and fall down to our next support at around $5880 USD.
Feeling pretty bullish right now, though.
GBPCAD longterm shortthe daily sellers have taken over, the 4H on the other hand had to retrace, however I expect it to exhaust some of its energy before I enter. This is a long term trend.
The price go into descending channel. Wait for Shot!The price go into descending channel.
Wait for Shot!
Remember:
+Always use stoploss
+Next 2 hours, USD have strong news.
S&P 500 bearish for a few days?This is a great opportunity with 1:4 risk to reward ratio to short this market with a fair amount of reasons (indicated on the chart). A classic mistake is trading countertrend hence this could follow the parabola and shoot to new highs fairly easily.
This is just an idea, not advice! Good luck in trading the tough markets everyone!!
EURGBP h4 SHORTEG head and shoulder H4, this is a really choppy pair in its nature, hardly any definitive directional trend.
Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first.
It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly channel. So a move to the downside to retest previous significant supports may be in play.
I will go light on it.
BRENT C. OIL SHORT H4/DAILYBrent crude oil
Double top resistance setup on daily followed by medium to long term uptrend break and currently retesting.
Sell towards retest of the support level below at TP1, chances of it reaching below $60 per barrel is unlikely but possible.
Market Heating Up? 28,64% Profit #BTC Could hit final target? Is market heating up?
A while ago I posted a chart:
Because, the Moving Water Technical Analysis was showing that BTC was about to take off, and a big wave was forming.
I advised all my followers and haters that pro surfers can see the big waves way before it happens, and that is one of their main advantages.
Here is the same thing, because when you see the wave it is already too late.
Who bought BTC at $ 5,800, and I did post 2 times for this opportunity. Above is the chart with the second opportunity. Below is the chart with the first opportunity:
So, now some followers are already with 28,64% profit on BTC, riding what we call on surfing: "The Tube", or the best part of the wave.
But to get here, you had to believe in the wave, because before that it was not possible to see it.
Many followers are now thanking me. I am really happy to help.
Our Final target is $ 8,500 and is not very far now. Moving Water prediction, did spot a time frame, and that would be medium term from the chart that spots it. So, probably from July 30 to August 2nd, we should see our target.
What do you believe. Is it possible?
I hope the best to all.
Good Luck and Good Profit.
USDCAD Short Trade SetupHello traders.
USDCAD went up and broke the previous top. Now, it looks like we have a completed 3 wave structure. I have placed an entry order to the confluence level of 0.886 retracement and 1.118 extension and the trendline. As you can see it's still in the downtrend and my forecast will remain down as long as it doesn't break the trendline. My minimum target for any short trade is the breaking the previous bottom.
Can we hit 1.21? EUR/USD longThis is a good 1 to 2 risk/reward ratio trade that could work if the current strong bearish momentum starts dying off.
This is just an idea everyone! Good luck!!
XPTUSD Long Trade SetupHello traders
Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going down. But even in this scenario, I'm expecting some correction. That's why I have placed an entry order. My plan is to take the trade move stop-loss to break even and see the potential. If it breaks the previous bottom, I will move the entry price and stop-loss accordingly.
CADJPY Long Trade SetupHello traders.
This is very clear long trade setup. It made a 4H corrective structure. Then 1H correction after the breakout, and now 15m correction is in the making. That's why I placed an entry order. But there is a problem here. Our entry is far away from the bottom. If it goes up fast like the previous up impulse, perfect I will be in the trade. Otherwise, it will probably make a deeper correction after some up moves. Because of this possibility, the stop-loss should be moved to breakeven as quickly as possible.
AUDJPY Long TradeHello traders.
It is not so clear in higher timeframes but the structure in 1H looks like very bullish. I hope it will come down one more time. It will give us a better correction. But now I'm waiting for a small flag in 15m to take a long trade. The target is not clear. It can be huge, we will see.
XPDUSD Short Trade SetupHello traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I can take any, I will remove the entry order. Target is not clear, leave it empty.
GER30 Short Trade SetupHello traders.
DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea here is to take the trade, move the stop-loss, and let it show its potential.
