AUDUSD I know there is a potential double top that could form if price breaks pass the resistance lines.
RSI overbought on daily and 4 hour time frame.
Mac D shifting momentum on 4 hour?
Double top respected on the 4 hour?
Looking for a retracement of 30% or more of previous low.
I still believe that there may be some more dollar strength left as we see how the (MOM) goes with the cpi/ppi reports
What do you think?
"Dying to Live"
Setups
Stocks To WatchMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
ETHUSDIt's been a while. Sometimes you need a creative break and a bunch of YouTube videos lol.
Potential double top spotted.
RSI in an overbought zone on daily time frame.
I want to see how far price can retrace towards the previous low.
Not Advice. Just an Idea.
What do you think?!
"Dying to Live"
BTCUSD LONGBTCUSD completed full Elliot wave (1 to 5), and ABC correction downwards, bounced of a strong weekly support, and a bollinger band, which shows it should rise in price, it went up, bounce off of 61.8 percent fib zone and formed a 4h resistance, and went back to a weekly support, and bounced again, now it bounced again from a 4h resistance, and we should see a retrace to a 50 percent fib zone, where we should put our entry point, where the BTC should bounce up break the 4h resistance (it bounced off 3 times already so it is weaker). and rise up to a daily resistance and reach 51231 zone, our stop loss should be right below recent low (36613).
ALL BITCOIN BTC Monthy setups!short H3. Stop loss H4. Target L3 (or lower). only advised if price went there directly without first hitting L3 (ranging play)
Long L3. stop loss L4. Target H3 (or higher)(ranging play)
Daily close above H4 - long to target H5. stoploss H3 (breakout play)
Daily close below L4 - target L5. stoploss L3 (breakdown play)
All analysis done using camarilla pivot points and methods on monthly levels. all trades valid within the month
#ES Futures 3.01.22 Overview and Levels to Watch Globex inventory is short and right at our Key Support of 4327.25-4321.50. Lets break down some paths for us today. To the upside holding above our Key Level which is also currently PM support can leave us with a test of PM resistance of 4349.50-4345.25 which we need to break and stay over to see continuation to 4362.75-4359.50 and next Key Resistance at 4378.50-4374.75 but we do have plenty of inventory above that is coming out so have to watch the levels if playing the long side. On the downside if we break our Key Support at 4327.25-4321.50 we have 4310-4307.25, 4291.50-4285.75 and our next Key Support at 4272-4265.50 if we are going down on big volume and manage to break that then we can see a move even lower into our next value at 4252.50-4247.50, 4234.75-4229.25 and next good support at 4220-4214.75. Its a beginning of a new month so let the plays set up and show us where we will head.
USDCAD - Purple War Zones!USDCAD is overall bullish trading inside the brown trendlines.
As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)
Zone 1: (around 1.290)
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
Zone 2: (around 1.260)
This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As USDCAD approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
No Setups For Gold - Waiting For Daily RetraceHi Traders,
Hope you have all had a great weekend
Today we are just looking at Gold. We noticed that the 1-Hour head and shoulders from last week did not play out. My reasons for this were
A) It was going against the trend
B) I never trade around high time frame resistances as things can get very choppy before a move becomes clear
On the daily Timeframe, we have still not come back down to retest that old resistance and flip it to support. This makes me unsure to keep finding long positions until I know for certain that we aren’t coming back down in the very short term.
Once I know this I can put that expectation aside and keep looking for opportunities.
On the 4-Hour view, we have a bit of price structure that was broken to the upside and is currently coming back down. Whether this is a retest or not remains to be seen.
We also have a trend line ascending upwards. Im not such a fan of trend lines - they are extremely subjective.
As it stands, I see no setups for me.
Let’s keep an eye out.
Vortex
Bitcoin two setups on monthly cam pivotIf we find resistance here at H3 and do not break H4 (key breakout level and best level to manage risk from)... we could see a retest to as low as the L3 or lower. I do not view this as the best risk management setup, however it does pose an valid position from which a short hedge position could be utilized.
If price breaks and closes above H4 while healthily finding support above it. I would target H5 with the H3 being the place to manage risk from.
This analysis is done with Camarilla pivot points monthly levels and method and remains valid as long as within the month.
Side note. As I normally would like to use weekly levels more for my swing trades I would like to point out that the next weekly levels have a fairly smaller range coming soon (between 41 and 43) leading me to lean on the more increased possibilities of moves within the larger levels.
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
ETHUSDBeen a while....been practicing and backtesting. Lower low and lower high located on daily. Dollar seems to be getting stronger due to monetary policy. I don't believe crypto is a hedge against the stronger dollar. Let's see if we can retrace the previous low up to 30 to 60%. Not advice. I entered a sell @ 3100. I know this is a little late but let''s see if we can at least catch 30% before any possible retracement to the previous high.
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
BTC bitcoin update camarilla pivotspreviously posted for a long entry on weekly L3 with target H3. There are two potential setups from here in the making
if btc rejects and finds resistance on the H3... short with target of L3 or lower and stoploss at H4.
If already long take partial profits. If not wait for break and retest of H4 with target H5 and above and stoploss at H3
analysis on camarilla pivots weekly levels
BTC update and next possible setupsbitcoin found support on the weekly L3 Camarilla pivot and has made its way to the weekly H3. these two levels represent the weekly projected range points that were plotted on weekly open usin prior weekly open close, high and low. from here there are two potential setups. Analysis done with camarilla pivot points weekly levels
If you are long from L3. take partial profits and move stoploss to entry and wait for more.
if you want to short look for rejection on H3 and set stop loss on H4. Target L3 and possibly lower.
If you want to long and have not entered wait for clean break of H4 and target H5 and above with stoploss at H3.
Either way this is our first point of potential resistance and it could cool off reguardless
Ethereum ETHLet's keep it simple. Looks like on a long term basis, we are still riding the uptrend. Previous High was broken. Previous low hasn't been broke as of yet. Looks like momentum is starting to break down a bit on the Mac D while at a support level. Let's see if price will retrace the previous high up to 60%. Ethereum is a popular blockchain. I don't know too much about it. However, I wouldn't see why this doesn't play out over time.
What do you think?
Dollar Futures DXYDon't want to make this too complicated. If you follow economics, we know that interest rate hikes usually make the dollar stronger. With this in mind, we see the dollar in a older support zone. A lower low has been established. However, since then there has been higher high's on smaller time frames as of late. I want to see if price will retrace the previous resistance area up to 60% or more at some point this year.
What do you think?
USDCADI wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher outlook as far as time. Let's see what happens over time. We are currently in a range of higher high's and I would like to see if we are getting the same pattern (look at circles). I'll wait as long as I can for this one.
I compared the following statistics to try to get a more fundamental outlook vs depending on straight technical:
GDP per Capita Differential (Lesser amount wins) - USA
Productivity -USA
Unemployment Rate Differential (Higher amount wins) -USA
Government Spending (Higher Amount wins) -USA
Business Confidence differential (Lesser amount wins) -USA
Consumer Confidence differential (Lesser amount wins) - Canada
Consumer Spending (Higher amount wins) -Canada
What do you think? I'm looking for a more long term outlook here. This will be my only forex trade this year. Might scale in on this position over time if things work out.
GoldViewFX - H1 Update and Targets$Quick update on yesterdays post on the HOURLY CHART (see link to related post below).
We identified a range of 1817.42 - 1828.99 and expecting price to play in this range.
EMA5 broke 1817.42 down with a candle body close, which opened up the lower levels. 1806 being the strong Goldturn level, however price went and HIT the recent 1814 Goldturn and found support. Anyone who noticed this break, which we highlighted could have caught 30pips here.
The price then broke back up into 1817 Goldturn with a candle body close, which opened the upper levels, 1828 being the strong Goldturn, however price went and HIT the recent 1823 Goldturn and found some resistance; another easy catch, if anyone caught it to the next Goldturn. We had a buy signal activate here, confirmed with all our parameters, which we took and banked!!!
We have also identified a Bull flag formation here and the potential target of the pole is inline with our overall 1828 Target. We continue to buy dips and should this change, we will be sure to update you all.
Please don't forget to like, comment and follow, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
USD/JPY LONG SETUP +135pipsMy overall conviction for the strength of the US economy is extremely strong with expecting the DXY to push much higher than market prices. Despite a lower than expected NFP figure today the internal metrics within the data such as wage growth , unemployment rates & household surveys were extremely optimistic for the US economy further acting as a confluence to UJ longs.
From a technicals standpoint UJ has made a HTF rally and it could potentially pullback into a 45m area of demand to collect orders before pushing higher. A 10pips stop hunt was also evident at the same zone showing the tendency of price to act as such in the area. Price should also move lower to clear any buy-side liquidity under the trend line before mitigating the area of demand.
If all goes to plan an easy 135pips would be banked.
Ace Trading Academy - GBPJPY Analysis and SetupGBPJPY has currently bounced off of the .5 fib to push lower. We want to see GJ push down to the support box below. Confirmation that it is pushing is a candle close below 156.641 which is marked on the chart.
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Will have updated moves when the time is right!