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Bullish Flag pattern 🏺Anticipating Eurusd Bulls to arrive sometime midweek during Powell's speeches. It's simply too difficult for me to not imagine some resurgence of bulls and Market optimism with risk-on buying back up to the 1.096 1Hr Zone Highs from the previous week. The Monthly candle has 11 days left in it and is now a solid bullish candle. I'm anticipating an upside push after a +1% Bullish weekly candle on Eurusd. It was a rather large weekly engulfing last week that was printed and the largest bullish close on said timeframe since the 2nd week of the year. As stated in the May 24th publishing and roughly 1 month ago, " Bull targets for the month of June are - a return to 1.1024 weekly level - a push towards 1.14655 Weekly level. " This remains as we have 9 trading day's remaining in June 23'. It is quite possible we may just range for some time before probing more towards the weekly level 1.1024. Must plan for Bullish and Bearish scenarios. Our most recent Daily S/R Zone stands at 1.0781. It is possible we may go back and test here but like this to be the least probable. Have a great trading week following the probabilities. Also cutting your losses short and letting your profits run. Bearish Target on Week 1.08146 Bullish Target on Week 1.10
Long
by ShrewdCatfx
Impending Volatility ☕ / EurusdThe Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle has just closed bearish with a top wick twice the size of the body. The new 4hr candle thus far has confirmed our bearish thoughts as it has pushed down 14 pips in the first 15 minutes. 1Hr Timeframe : Price retreated during asian session pre-london towards our Daily S/R Level 1.098 which I capitalized on. We then rejected 1.098 S/R Zone upon initial retest as I forecasted in my prev publishing. We ran the highs from asian session and price made it's way a bit higher before pulling back hard for New York session open. We can observe clean traffic going back down 1.0956 and this is what I'm looking for to play out with sell stops .
Short
by ShrewdCatfx
6
AUDJPY to breakdown from a bearish flag?AUDJPY - 24h expiry The move lower is mixed and volatile, common in corrective sequences. The previous low is located at 95.80. The current move lower is expected to continue. A move through 95.80 will confirm the bearish momentum. Short term RSI has turned negative. We look to Sell a break of 95.77 (stop at 96.27) Our profit targets will be 94.57 and 94.37 Resistance: 96.55 / 96.75 / 97.00 Support: 95.80 / 95.00 / 94.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURCHF Selling Opportunity for Next Wave DownThe EURCHF downtrend remains firmly intact, with the support zone successfully transitioning into a robust resistance area. The price action consistently adheres to the downtrend trendline, and today we observe EURCHF retesting this trendline. This presents a compelling opportunity for sellers to enter the market and anticipate the next downward wave. In the event that the resistance area proves formidable, EURCHF is likely to target the 161.8% Fibonacci support level. However, it is important to note that achieving this target may require several weeks, if not months, to materialize. Patience and careful monitoring of the price action will be key in navigating the ongoing trend in EURCHF.
Short
by CryptoPAMM
Ethereum to find buyers at previous resistance?Ethereum - 24h expiry - We look to Buy at 1746 (stop at 1706) Our bespoke resistance of 1750 has been clearly broken. Previous resistance, now becomes support at 1750. Short term oscillators have turned positive. We look to buy dips. 50 4hour EMA is at 1742. Our profit targets will be 1846 and 1866 Resistance: 1824 / 1840 / 1860 Support: 1795 / 1770 / 1750 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:ETHUSDLong
by VantageMarkets
GBPAUD has turned positive.GBPAUD - 24h expiry - We look to Buy at 1.8750 (stop at 1.8690) Previous support located at 1.8800. Previous resistance located at 1.8850. There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 1.8900 and 1.8925 Resistance: 1.8850 / 1.8900 / 1.8925 Support: 1.8800 / 1.8750 / 1.8700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry Previous support located at 87.50. Previous resistance located at 88.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 88.00 will confirm the bullish momentum. We look to Buy at 87.05 (stop at 86.5) Our profit targets will be 88.25 and 88.50 Resistance: 88.00 / 88.35 / 88.50 Support: 87.50 / 87.00 / 86.50 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Capitalizing on Market Resurgence: A Promising Long Position on As today's market landscape evolves, astute traders recognize the potential for profitable opportunities. With a comprehensive analysis of the US100 (NASDAQ) on the 4-hour timeframe, a compelling case emerges for considering a long position. This article will explore the pertinent factors and recent developments that bolster the bullish outlook for US100. Tech Sector Resurgence: The US100 index, comprising top technology companies, has been witnessing a resurgence in recent times. Amidst the global economic recovery and increased digital reliance, tech giants have been at the forefront of innovation and growth. Positive earnings reports, product launches, and expanding market presence contribute to the overall strength of the sector and signal a potential upward trajectory for US100. Supportive Fiscal Policies: The US government's commitment to economic stimulus measures, coupled with accommodative monetary policies, has acted as a catalyst for the tech sector's growth. Increased government spending, infrastructure initiatives, and tax incentives have the potential to drive further expansion and boost corporate earnings, thereby favoring US100's upward momentum. Technical Analysis: Examining the US100 on the 4-hour timeframe reveals encouraging technical indicators. The presence of bullish chart patterns, such as higher highs and higher lows, along with the potential breakout from key resistance levels, suggest the possibility of a sustained upward move. Traders leveraging technical analysis tools, such as moving averages and oscillators, may observe bullish signals that support the case for a long position. Positive Market Sentiment: The prevailing market sentiment plays a vital role in shaping the direction of indices like US100. With an overall optimistic outlook and growing investor confidence, fueled by positive economic indicators, the appetite for riskier assets like equities remains high. This sentiment creates a conducive environment for US100 to thrive and potentially experience upward price movement. Conclusion: In light of the ongoing resurgence in the tech sector, supportive fiscal policies, favorable technical indicators, and positive market sentiment, a long position on US100 on the 4-hour timeframe appears compelling. However, it is essential to exercise caution, implement appropriate risk management strategies, and stay informed about any unforeseen events or market developments that may impact the trade. By capitalizing on these factors and monitoring the market closely, traders have the potential to benefit from the upward trajectory of US100 and secure profitable gains. Please note that trading involves inherent risks, and it is advisable to consult with a financial professional or conduct thorough personal research before making any investment decisions.
CAPITALCOM:US100
by DalitsoTembo
Range until Upside on Thursday 📞Eurusd did quite a nice job of Holding 4hr support zone 1.09132. We are currently in a range with the resistance at 1.094. The Daily resistance level at 1.0945 held quite well during tuesday's London session. The NY session 4hr candle on Tuesday wicked beneath 4Hr support 1.09132 -> 15-18 some odd pips but closed back inside after buyers showed up and said not today. It is not odd to see the market pullback against the trend from the previous week on Monday/Tuesday as it has done here. The Size of the current " Bearish push" has been 1/8 the size of the Bullish push from the previous week. During the upcoming sessions I can observe a retest of 1.094 4Hr Resistance zone. We have 2 upcoming red folder speeches by Fed chair Jerome Powell which will impact USD strength. Unemployment claims on Thursday and Manufacturing data on Friday to wrap up the week. Unemployment data is supposed to be about flat from the prior week which I see as favorable for a continued ascent on Eurusd Weekly timeframe. Manufacturing data on Friday is forecasted to be mixed. Thinking we can give a good push back to the highs 1.096 1Hr Zone prior to red folder news on friday. The Market Moves Major pips on thursday's. This is because early on in the week the market is setting up. It's setting up for the trend move later on in the week. The Week Matures around Wednesday and Thursday. These are the days when it is especially a good idea to " Let your winners run" .
Long
by ShrewdCatfx
EURCHF to find support at previous resistance?EURCHF - 24h expiry Our short term bias remains positive. Previous resistance, now becomes support at 0.9785. We look to buy dips. 20 4hour EMA is at 0.9776. There is no clear indication that the upward move is coming to an end. We look to Buy at 0.9783 (stop at 0.9763) Our profit targets will be 0.9833 and 0.9843 Resistance: 0.9800 / 0.9820 / 0.9835 Support: 0.9785 / 0.9765 / 0.9755 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
The Resurgence. A Fake-Breakout on Ethereum The Weekly candle suggests that it may be closing as a Hammer candle in 29 hours. In anticipation of this, we are anticpating more bullish volume as we move into the next week of trading. Bulls have carried price back inside our 4Hr Range on Ethereum. Price returned to the top of the 4hr range around 1765. We have since returned to the bottom of the range where I can observe a good reward/risk idea. This is known as a Fakeout or Fake-Breakout with regard to price action analysis. It occurs frequently in the market in which price will "Breakout" and candles close outside a range. Soon enough though, price closes back within the range after capturing enough liquidity from the other side. As a consequence we may see a burst of momentum going the other way. A useful belief that has served me well in the markets has been " Anything can happen" Therefore, have reasonable expectations and cut losses short and manage risk if the market doesn't go our way. 1708$ is our SL ( a 20$ Loss or -1R ) Take Profit 1 is 1765$ ( a 36$ gain or a 1.8: 1 Reward/Risk ) Take Profit 2 is 1805$ ( a 77$ gain or a 3.5 : 1 Reward/Risk ) Take Profit 3 is 1842$ ( a 114$ gain or a 5.7: 1 Reward/Risk )
COINBASE:ETHUSDLong
by ShrewdCatfx
2
Engulfing candles = More Momentum ahead ⏳What we can observe here are Daily candles and Weekly Level's. To be more specific : A Daily timeframe Retest of a Weekly timeframe S/R level after a Daily engulfing candle. The weekly candle closing in 3 Hours at or below 1775 Weekly Support level looks great for bears. Bear pressure seems quite overwhelming and is coinciding with the opening of a new weekly candle. After 50 trading days of ranging since April 22nd, it appears price may be attempting to decease with some fundamental factors coming into play. The Technical's are screaming at us now to jump onto the train. This is a good risk/reward idea considering bearish market structure. If I was a buyer, I'd wait to see the size of the new weekly candle bottom wick before making an investment decision. Considering momentum, we must appreciate the fact that the next weekly candle will likely attempt to fill at least part of the current weekly candles bottom wick ( which is -3.12% ).
COINBASE:ETHUSDShort
by ShrewdCatfx