Market outlook for GBP/JPY is still Long!! ( buy setup!!)Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.
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Multi-timeframe
#US30 #Dowjones Moved To Our Levels But ...? Top Down AnalysisTraders, US30 moved exactly to the levels that we expected last week. Now it is between 2 important levels. It may perform a retest before moving higher. The higher level is crucial because if that s broken then, we are looking as a huge breakout to the upside. Lets see in this multi time frame analysis.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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NULSUSDT ❌ Nuls Proof of Bullish Reversal?...if Support is Held💬 The NULS + Nerve Network and Bitcoin staking services news is almost as bullish as the potential bullish reversal we are seeing on NULS's chart. Let's take a look at some different timeframes to see what NULS is up to.
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Hourly Support:
S1: The S1 S/R flip has already acted as support, ideally once is enough and we start a move up from here. With that in mind, it may see a reaction again if retested so its worth having on the radar for that. Mostly though, this level is notable in being a key level to hold as you'll see as we move along with the analysis.
S2: S2 S/R flip is a likely support if the current move ends up being one of bearish continuation as shown by the downward ABC line. A move like that would show weakness in the higher timeframe market structure, so although the support is relevant, this sort of price structure is something to be cautious of.
Hourly Resistance:
R1: The R1 S/R flip will either act as resistance, bringing us downward, or as support if price can move above it. The bulls want to see it act as support as shown by the upward sloping "bullish reversal move" ABC line.
R2: The R2 S/R flip is where we expect a bullish reversal move to find resistance and reach a decision point.
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4 hour USDT:
The major price pivot point shown here is the level that the bulls must hold. If the bulls hold here, NULs has a long way to run. If the bulls can't hold, NULS shows real weakness. This is why we don't want a retest of S2 on the hourly, it jeopardizes this level.
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4 hour BTC:
4h BTC Support:
S1: The S1 orderblock lines up nicely with the USDT's S1. This makes this support even stronger and more ideal to hold.
S2: Again, we have an S2 support that could work like we explained with the USDT hourly S2, but retesting it isn't ideal (unless it is retested by BTC rapidly outpacing NULS... although that itself isn't the ideal for NULs bulls).
4h BTC Resistance:
R1: The R1 orderblock is the first point of resistance for BTC. Keep this one in mind if we do get a run.
R2: The same logic as R1, the R2 S/R flip will be a key resistance if and when it is tested.
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Summary:
NULS bulls want to see S1 hold. This is a rather important support to stay above, thus the clearest path is a bullish continuation from here as a show of strength. Although there is some local resistance, higher-timeframe resistance Is a good ways off. So if NULs can move here, it has a good amount of uptrend potential.
Resources:
www.businesswire.com
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$OLLI Long over 105 Multi-year break out!Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook
Ollie's Bargain Outlet Holdings Inc :
• OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40%
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39%
Ollie's Bargain Outlet sees Q2 revs above consensus
Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus.
Other Q2 Guidance:
Comparable store sales growth of approximately 40%;
Gross margin of approximately 39%, returning to historical second quarter levels;
Operating margin1 of approximately 16%
"The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."
USDCAD 1.35905 - 0.04 % SHORT IDEA Good Day Everyone
Here's a look at the USDCAD pair, another rejection at Fibonacci level 61.6 % this is a very strong level as its seen many touches on the pair, the pair is currently rallying downward as we so a bearish close for the week with a significant bearish candle, looking for continuation of this move to the downside.
this move failed on a previous idea attached in which the pair was stopped out as the dollar gained strength in the previous week and the pair closed above the 200 MA as well, so will be looking for significant moves and signals pointing to a bearish continuation on the pair otherwise the trading plan will change as we react to the DOLLAR'S momentum against the CAD .. lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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AUDUSD 0.69427 +0.3% LONG IDEAGood Day Everyone
A look at the AUDUSD pair from multiple time frames
MONTHLY
* Starting from the monthly we've been respecting a descending channel we are in a strong bullish momentum as the AUD regains streght agaisnt the DOLLAR looking for a push up to retest structure so the sentiment from the monthly us bullish on the pair.
WEEKLY
* Moving down to the weekly the sentiment is still the same, still within that descending channel structure but the picture becomes clearer as we can now determine we are trading in a pennant formation which could be signalling continuation to the upside so we are still NET long from both time-frame lets see the daily.
DAILY
* On the daily the chart has pretty much respected the Fibonacci retracement levels and we are about to break out of the pennant a break above this structure will be the signal to enter long on the pair looking for continuation to the upside.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
USDCAD 1.35454 - O.13% SHORT IDEAGood Day Everyone
A look at the USDCAD pair from mutiple timeframes
MONTHLY
* on the monthly chart we are still trading inside that ARC formation respecting it to the T,we are within a ascending channel as we saw the CAD gaining against the DOLLAR pushing down. seems like the bears a re still in control on the pair the sentiment is that we are bearish on the pair from the monthly perspective.
WEEKLY
* on the weekly we closed the week with a full bearish possibly signalling continuation to the downside from resistance level 1.36630, momentum is pushing to the downside on closing this past week looking for continuation to the down side on the pair.
DAILY
*on the daily we see the pair respecting the fibonacci retracement structure to an extent, we just pushed below the 50 % fibonnacci level looking for the move to continue.
the signal to go short on the pairwould be if we trade below that previos swing low and if we see significant moves and gains in momentum to the downside.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
GBPJPY 134.169 + 0.11% LONG IDEAGood Day Everyone
Here's a look at the GBPJPY pair on multiple time-frames
MONTHLY
> Starting on the monthly we are still respecting the descending triangle pattern we saw a rejection on the top of this structure pushed down to the base of the structure and now we see a build up with the bulls pushing the pair up, overall sentiment on the monthly is bullish.
WEEKLY
> As we move down to the weekly the sentiment is still the same as we see a build up with the bulls strength on close of the week. still respecting the descending channel looking for gains on the pair from a weekly perspective.
DAILY
> Moving to the daily the pair respecting the Fibonacci retracement structure recently we just saw a rejection on the 38.2% fib retracement level pushed up to retest the 50 % fib level retracement, looking for a push up to level 61.8% Fibonacci level even though its a stretch but lets see how it goes
overall the sentiment is that we are bullish on the pair so looking for long on the pair.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
USDJPY 107.486 -0.01% LONG IDEAGood Day Everyone
Here's a look at the USDJPY pair from multiple time frame perspective
MONTHLY
* On the monthly we are trading in a descending triangle pattern ranging within the structure no straight forward decisive direction on the pair we have a bearish candle forming as we continue ranging within the structure.
WEEKLY
* On the weekly the pair takes some shape in direction to an extent as we saw another bounce or rejection at 61.8% Fibonacci level the pair is rallying up as the jpy gained against the dollar targeting that 50% Fibonacci level as we determine a bullish sentiment on the pair we might just pull back before continuation to the upside.
DAILY
And as we enter the day chart we see a rejection just above the 38.2 % Fibonacci level as the US remains the safe heaven for investors-possibilities of a push down are still in the cards but looking for long positions on the pair
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
EURUSD 1.12434 +0.04 % LONG IDEAGood Day Everyone
Here's an idea on the EURUSD pair a look at the pair from multiple timeframes.
MONTHLY
* On the monthly timeframe the pair went up and was rejected at 50% fibonacci retrancement level pushed down to bounce just below the 61.8 % fibonacci level currently the sentiment is still long on the monthly timeframe even though we pushed down a little we are still i a descending channel looking for the pair to push up for a retest of the structure above.
WEEKLY
* The sentiment is still the same but now the structure starts to get clearer as we are in a descending triangle structure which may signal a continuation to the upside supporting the persoective of the bulls coming into play in the coming week. looking for the pair to rally up.
DAILY
* The sentiment is still the same we have a pennant formation now trading in a descending channel posiibly signalling continuation as well targeting previos high looking to the left
* The 4h chart and lower timeframes are perfect for entries its important to wait if you are not an agressive trader and want to hold the trade swing, look for confirmations and strong sentiments to support before entry.
thank you and lets see how it goes.
THE IDEA IS IN PLAY ONCE WE SEE A BREAK ABOVE STRUCTURE AND A COUPLE OF MORE CONFIRMATION.
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13181
TARGET 2 - 1.13515
TARGET 3 - 1.4500
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
EURUSD 1.12747 +0.52% LONG IDEA MULTI TIMEFRAMEGood Day Everyone
Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames.
* from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside.
* on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing.
* if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor.
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
TARGET 1 - 1.13680
TARGET 2 - 1.14984
TARGET 3 - 1.15911
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
GBPUSD 1.23394 - 0.71 % MULTI TIMEFRAME IDEAGood Day Everyone
Here is a multi time frame idea on the GBPUSD pair, its been a down week for Sterling once again on rising BREXIT fears, some bad economic data from the U.K and the pandemic issues putting pressure on risk assets as well.
The Dollar has maintained its strength against the pound.
* On the monthly we pushed down to close on a pin bar / hanging man.
* The weekly chart we see a retest of an ascending channel after previous breakout, a bounce of support level 1.23964 closing the week with a bearish pin bar.
* The daily chart retested the ascending channel as well holding the small descending channel at 61.8% Fibonacci pushed down to close just above 50% Fibonacci level
> looking for some correction or retracement at 50% Fibonacci a retest of resistance level 1.23848 then continuation to the downside as most time frames favor a bearish move .
looking for short entries on the pair...
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TARGET 1 - 1.22661
TARGET 2 - 1.21723
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea on the pair in the comment section.
Pump or dump ?
Personally im in short to 8800 as first target, but there is a chance to pump here ...
Breaking this wedges means 9600 ...
4h made a bullish hammer and bearish hammer rejected ... this is really war ...
If you see daily here ...
You can easily see that daily just start to fall ...
Bearish hammer, rsi divergence, red macd histo and a lot of other signs ...
I have to say it again ...
Im worry about bulls ...
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Take care, trade safe
NZDCAD in a critical zoneNZDCAD is now testing a resistance zone at 0.87800 which it has failed to break multiple times. Bears can look to short the pair now, with a stop loss a few pips above the resistance zone, targeting the local demand zone at 0.87100. Beyond that, targets may be placed further down if the local demand zone and supportive trendline fails to hold.
There has been a lot of bullish pressure today, which may be what is needed to finally break the resistance zone. Entering a long position on a break and retest would be a safer alternative for the bulls.
Please share your thoughts in the comments below and leave a like. Be sure to follow me for more ideas and analyses.
Best of luck traders!
*THIS IS NOT INVESTMENT ADVICE AND IS NOT IN ANY WAY INTENDED TO BE SUCH. THIS IS MERELY MY VIEWS ON THE MARKET AND IS FOR EDUCATIONAL PURPOSES ONLY. ANY POSITIONS OPENED ARE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK*
GBPJPY Multiple Time Frame Analysis - Swing and Scalp I did a multiple time frame analysis, walking through my thought process before I take trades and how I search for entries. I discuss potential Swing entries and Scalp trades that I would be interested in.
If you have any questions, please feel free to contact me on IG at @sharmafx!!
Trading With ColorsHello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script essentially serves to introduce other time-frame moving averages. This intends to helps traders find the scope of relevance and not get lost in the current time-frame.
Besides the colored moving averages (2 sets, different resolutions, great zoomed in our out), I included optional check-boxes to allow comparison of sets of moving averages at will, so that the most important to the individual trader can be compared and selected specifically.
I kept the default options set to keep it clean. It likely won't be the only indicator on one's chart, so it's naturally best to reduce indicator noise from one, as to not subtract from the benefit of the other indicators.
I integrated tons of acquired knowledge into this, so I hope somebody finds a missing piece to their collection or a solution to a coding problem within. I also hope this provides a new insight and helps others on their path to financial freedom.
Best wishes.
PS: I left some old code in comments in case it helps to understand the evolution of my code. I'll update this once it works on the Daily. You might figure it out before I do, in wish case, do share :)
Scenarios for EURUSD 10/06Fuchsia zones are HTF value area limits with supply zones from march, green zones are VA limits with demand. Flag movement with black line showing pole and rectangle showing flag. Looking for continuation once tests green dotted line at 1.1285. Exit at top of area 1.1379. 11/22 tick stop. If top gets tested first you could go for the pullback instead of continuation.
Demand zone from yesterday shown at lower time frames (hence the green dotted line entry):
Fib is just for kicks