Pinbara PLS.ASX - lithium minerSo far we could see modest pullback with decreasing volume. There are clear supports level incl. gap, Lets try to scale in with long term core position targeting .85 (and above) & short term position targeting .60.
Pullbacktrade
GOLD - AB=CD PULLBACK PART 2last week i posted some of my analysis on GOLD and made a mistake by saying that we had a potential bullish bat formation. After reading a few comments from some former clients I realized that we didn't actually meet my "B" leg requirements for the pattern.
With that being said, this is still a decent trading opportunity based off of the level of potential structure support that we are heading to, the ab=cd pattern completion and the fibonacci confluence. Recently the RSI has just gone oversold, allowing us to add yet another point to our combined technical score (CTS).
in the event that we do get a price action reversal pattern at that level, the first area I would have on my radar for a retracement would be right below the 1320's price point.
Akil
"BEWARE - This is a FED WEEK"
EURUSD 1H Trading Pull BacksPair has been in a bearish channel. A swing high was made and then lower lows and lower highs were made. There was a bearish pull back made. Price stalled between the 23.6% and the 38.2% fibs. A sell stop was placed at the 23.6% fib @ 1.1965. TP was at the -27.2% fib @ 1.1880
GBPUSD 4H Bearish PullbackFirst Sell Stop @ 1.3220
TP @ 1.3170
Second Sell Stop @ 1.3147
TP @ 1.3080
SL above swing high
Watch Macd Blue line cross below Red line
EURUSD - Long Opportunity at the Pullback For those looking for long opportunities on the EURUSD, price just put in a very nice retracement into our previous level of structure. If I weren't already long, I'd certainly be eying up this opportunity as it may offer a very good bullish entry.
Akil
Ngas short opportunity Outlook Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level
As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!!
Have a nice weekend
EURUSD - Caught A Nice 200+ Pip Move Last Week, Now What? If I haven't shamelessly promoted it enough already, last week was a great week of trading and it was good to see our EURUSD position from August 17th not only achieve 1st targets, but breach an important level of resistance as well. I'm assuming you've seen the video on how we got involved so let's get straight to the next opportunity at hand which is waiting for a potential pullback and a chance to enter long again.
Just like the NZDJPY there are 2 killzones that I would keep my eye on. the first comes between the 1.1890's to 1.1860's level, while the next one features at the 1.1827's to 1.1770's zone.
The break & close above resistance to end the week was important, but it'll be very interesting to see how the market reacts after having a few days to digest the news. Either way, I'm hoping to see continued buying pressure on this pair as I look to trail stops as we go up and re-enter (for the Syndicate account) if we retrace. There's tons of opportunity before our next key resistance zone as started in the video.
Akil
Love the new Dark Theme on TradingView!!
NZDJPY - BEARISH TREND TRADING OPPORTUNITY The 3rd pair looked at in today's video featured a bearish trend trading opportunity.
After a beautiful higher time frame 2618 completion the NZDJPY has been in a free for all since trading right below 84's. After the recent extension it has now created a rising channel back into previous structure. The technical killzone to start looking for shorting opportunities is from 79.10's to 80.60's but a smaller zone starting at 79.50's is what stands out to me.
This isn't a pair that's in my trading portfolio so i won't be trading it, but we'll certainly keeping an eye on it this week as many of the traders that I work with do.
Akil
"Everton Looked Horrible Today"
Chance to take a swing hereLooks like the correction comes to an end soon. If so, I will enter a long position.
Entry trigger for me is a (small) bullish candle, after the last bearish. That all has to happen in the H4 chart to be a strong signal for me.
At 22.63 $ we have our first resistance, could be that price bounces back from there, so keep an eye on that.
If there is no bullish candle, I will not enter a position!
Good luck, and best of trades to you!
IOTA before Head And Shoulders or a bull channel run continue?After a symetrical triangle we can see a clear channel up .
Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback.
Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in
a heavily overbought area. We should see soon enough.
Our target reached. Position closed. Waiting for new entry as feeling very bullish about internet of things in the future years.
Share your thoughts and opinions. Mostly welcomed ;)
Good luck and peace!
IOTA right before the Head And Shoulders or a channel bull run?After a symetrical triangle we can see a clear channel up .
Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback.
Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in
a heavily overbought area. We should see soon enough.
Our target reached. Position closed. Waiting for new entry as feeling very bullish about internet of things in the future years.
Share your opinions and thoughts.
Good luck and peace!
GOLD - Looking For A Potential Push HigherGold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity.
Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the area that I would be watching for, for long opportunitties.
Akil
USDCAD - BREAK BELOW, CLOSE BELOWToday's $USD weakness has pushed the $USDCAD below previous structure lows, opening up the opportunity for yet another extension lower.
I don't know what type of relief that we'll see with price (when do we ever KNOW what the market will do), but I will be eying up a few different levels for my next opportunity to get short over the upcoming days/weeks.
Akil
USDJPY - HEAD & SHOULDERS RETEST My apologies for the cluttered chart, but there's a lot going on on this pair & I wanted to show you everything that I took into account when performing my analysis on this pair.
Last week we identified a potential Head and Shoulders pattern setting up on the USDJPY and we ended the week with a confirmation of that reversal pattern with the break and close below the neckline. I'm now looking for a retracement higher and the opportunity to jump on the next extension down.
In order to project the first level that I'll be keeping an eye on for a potential reversal I used my Fibonacci Tool to find confluence between retracement, extension & inversion levels. I also used a project equal measured move along with "LOOKING LEFT" of course.
The same was done to project an initial level that I could consider for profit taking.
Again my apologies if it's a little confusing but I just uploaded a 30 minute video walking through this entire setup if you need a better visual.
Good luck in the markets this week traders. I wish you all the best, and I appreciate all of the support that you've shown since I've found time to become more consistent here on Trading View.
Keep it up and I appreciate each and every LIKE & COMMENT!!
Akil Stokes
Go EVERTON!
Good Pullback area for TeslaThis is a good pullback area for Tesla, now I'm looking for price to push back into daily supply around $380 to see how strong that area truly is. This would be more of a swing trade, but I really want to see price move to the upside from here to some degree. NASDAQ:TSLA
AUD JPY Pullback then Bulls come into play!!!All analysis of the AUDJPY is in the chart!! happy trading guys and trade safely!!
GBPJPY: Looking Short Once AgainThe GBPJPY aka "The Beast" has been my favorite pair to day trade over the past few weeks. If you're familiar with this pair then you know that when it moves, it moves big & I've been able to get on the right side of those moves on my last few attempts, including the trade I shared with you guys yesterday.
Once again I'll be looking for day trading opportunities on the pair today starting at the 142.50's level.
Currenty (6:30am NY) we just completed a bearish Cypher on the 15min which I'm sure some of our traders are using for an entry reason.
Akil Stokes
GOLD Outlook Daily Chart Gold long positions is active, but approaching key zone levels.
Lets' see what will happen!!
Happy trading
Breakout pullback sell on Cable1) Triangle BO with FT also LH MTR, AIS.
2) Breakout Pullback from triangle but bull body and L2 short, still Always in Short. ok Swing sell targeting possible bottom of Channel or measured move down.
USDCHF - Quick long playEven though the HTF is pretty volatile I see a good opportunity for a quick long play on this pair. Price has just broken out to the upside of a corrective structure. Looking to enter on a weak pullback into support (top of structure) with first target around 1.0080 and if that resistance folds, extended target would be 1.0100.
Lazy Fib-swing Scalpthis is my strategy i use for quite some time with just the help of the Fibonacci extension tool and some common sense.
we just need 2 things :
an established trend (hh-hl-hh) this is VERY MUCH a optical thing, the more clear the trend is, the higher the success rate
SILENCE !! (this works best in Asia Session US afternoon session and off session) especially on smaller timeframes.
change the Fib extension to show the following values:
-5, 0, 38.2, 83, 121
- draw from last recent high to low .. and move the extension into the pullback .
- measure distance between -5 and 38 (for money management)
- place pending order at the 38% line
- as price move deeper into the pullback .. keep adjusting the extension and move the pending order to keep it on the 38 line.
- if price reverses .. do nothing .. wait the order to be filled.
- TP1 at 83% (this is not a fib number .. its aim is to 89, but experience has shown that 93 is much more easy to archive and it's still more than 1:1 ratio)
in my experience on shorter timeframes, its better to get out of the trade, once the momentum is lost.
fixed TP will take a lot of potential away .. (many times the price goes easy to 121 or 161)
but this is something one can feel based on how the price reacts in realtime
here is some example videos:
www.youtube.com
www.youtube.com
