Waiting for a breakout setup in EURCHfIt seems like a good setup for a breakout pullback trade is comming!
Pullback
A pullback on EURUSD EURUSD bounced of our support ate 1,0120.
This move up caused by this is only a pullback and we're expecting another test of that same level.
This pair doesn't give us any decent opportunities again and we're focusing on other pairs to trade.
GBPJPY BREAKOUT TRADEPair: GBPJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern
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Key Takeaway: Need a break of round number and resistance with strong bullish momentum
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Level needed: need a close by 161.450
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Trade: Long
RISK:REWARD 1:7
SL: 30
TP: 210
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADJPY CONTINUATION / PULLBACK TRADE Pair: CADJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Need a bounce off high volume level and push down past pennant support
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Level needed: need a close by 103.775
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Trade: Short
RISK:REWARD 1:7
SL: 35
TP: 235
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Without a trade on EURUSD againEURUSD broke below the 1,0200 support yesterday leaving us without a buy setup anymore.
Today, it's probably best not to trade this pair because we shouldn't be buying right now and at the same time we don't have a decent ratios on the selling side.
Right now, we should wait and maybe even find another instrument to trade.
If you want to sell the EUR, then have a look at EURJPY!
AUDCHF | Ascending Triangle with possible breakout and Long
AUDCHF has been in this Ascending Triangle and i have seen a lot of pressure from Buyers to break it...If the price will be able to break this key resistance level then i will wait for a retest and will open Long positions.
Share your opinion in the comments and support the idea with like.
AUDCAD | will continue its bullish movement!
After last Thursday breakout of the descending channel, we are waiting for a succesful retest around the 0.90200 level before riding the next bullish movement.
Share your opinion in the comments and support the idea with like.
The Bulls Are still in controlOriginally thought we would "Coil" a little bit longer but the bulls pushed through support at 1950. I do believe we have another leg up but we may retest that 1950 support before doing so. Remember that every resistance turns in to support once broken. Then I am seeing alot of resistance at 2150 as I suspect the bears will be liquidating anywhere from there up to around 2235 where the 50% Fib line measuring from the highs in April. ETH tends to obey that 50% retracement time and time again. My red arrows show my new estimated trajectory and the blue arrows were my original prediction
RSI Trend Strategy GuidelinesThe RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI.
1. Trades are only taken in the direction of the trend. For an uptrend only take longs. For a downtrend only take shorts (puts).
2. During a downtrend the RSI must move above 60 to indicate a pullback. When the RSI crosses back below its moving average (can be at any number, just as long as the RSI is or was above 60 recently) go short.
3. During an uptrend the RSI must move below 40 to indicate a pullback. When the RSI crosses back above its moving average (can be at any number, just as long as the RSI is or was below 40 recently) go long.
4. Give the price at least two or three bars (whatever time frame you are trading on) or more before considering an exit. This gives the price some time to move in your favor.
ROSE growth according to the price actionAccording to our setup,ROSE is prone to grow up to the specified area
NVTA Parabolic from long consolidation then a pullback
now setup for entry
HOURLY CHART shows consolidation and
parabolic breakout with a pullback to
entry point
Awesome Indicator is supportive.
The catalyst was a good bear on earnings.
ASND ( NASDAQ BIOTECH) rises on earnings and FDA submissionNASDAQ:ASND
as can be seen on the hourly chart ASND is in an uptrend
recent earnings were a good beat,
RSI is quite high and it is at one than one STD above
the multi-session VWAP.
ASND is on watch for a pullback to find an entry
as it has high upside.
XAU Quick Short 1760Short off XAU from upper 1790 zone.
The overall trend is still biased toward a long entry, although a prime entry point for longer-term bullish entry comes in at the 1760s zone rather than higher prices of the upper 1790s.
The pullback may provide the liquidity needed to break the 1800 key level
USDJPY SUPPORT BREAK (UPDATE)Smashed TP1/2 leaving us around 100+ pips, price dropped heavy when US PPI was released well done if you followed along
MASK/USDT waiting for buy entryMASK is expected to go through a minor correction where buying opportunities should be presented. It is likely that we'll see a fast selloff and then gradually increase over the next few days.
NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
Why the 2022 recession is about to happen:The graph you are seeing is about moments before Black Monday happened in 2008, and, as you can see, there was a clear 10% increase in price before Black Monday happened. That is what is happening right now. As soon as the USA reported that its inflation rate decreased 0.6% (9.1% - 8.5%), people became greedy and fomo bought stocks/etc. They thought the trend was going to reverse, but it was just a pullback. In 2008, shortly after the pullback, Black Monday struck and everything dropped. This might be a sign that means that we are way closer than we think to a recession (1 - 2 months left ). To add to that, the price dropped a few months before the 2008 recession as well.
AUDUSD Short Term Buy IdeaH4 - Bullish trend pattern followed by double wave correction.
Bullish convergence.
Most recent downtrend line breakout.
H1 - Higher highs.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
COMP/USDT Long position COMP/USDT Long low risk position (just technical analysis , no funda)
Open: 58.68
Target 1: 60.83
Stop loss: 57.90
Nothing changes on EURUSD We're still expecting the next move on EURUSD.
The sideways trading is still on and we can actually see price now creating lower highs and higher lows.
We won't enter before we have a clear direction.
There is still a higher chance to see price breaking below the support.
The earlies entry could be made on rejection of the resistance, so watch out for that.
Can $HRMY break historical resistance once again?Notes:
* Steady up trend on all time frames
* Okay earnings track record
* Trying to break above historical resistance of the ~52.8 area
* Pulled back to the 50 day line
* Printed a bullish outside day in the last session
* Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 17.65
Relative Strength vs. SP500: 41.59
U/D Ratio: 0.96
Base Depth: 70.33%
Distance from breakout buy point: -8.1%
Volume 8.87% above its 15 day avg.
Trade Idea:
* You can enter now as volume comes in after the earnings report reaction
* If you want a better entry you can find one around the $51.7 area
* If you want a safer entry you can wait for a clear break/hold above the ~52.8 area as that is historical resistance.
* This stock usually has local tops when the price closes around 16.84% above its 50 EMA
* Consider selling into strength if the price closes 16.64% to 17.04% (or higher) above its 50 EMA
* The last closing price is 5.44% away from its 50 EMA
AUD/USD IS FALLING AUD/USD returns to the bearish trend after the price failed to breach the resistance level of 0.7040, the first lower top formed a new resistance level that the price is testing now.
The price is correcting its direction and the level of 0.6974 is a good entry point to complete the main trend
+200 pips bagged then a clean bounce from our Fib zoneOn friday which was on the 5th of this month August, i called in a signal for a sell, hours before the NFP data release which in truth was a pullback to a Fib zone (0.618) in M15.
Price reacted to the Fib zone by bouncing off of it which signals a continuation of the uptrend regardless of the NFP impulsive sells.
This is my own opinion of what the price of Nasdaq intends doing.
