Setups
MPC - 8.83% or 32.75% Profit Potential - Bearish PennantBearish Pennant formed out of a 2-month correction.
Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71.
- Historical Downtrend (1 year)
- RSI and STOCH below 50
- MACD below Signal
Suggested Entry $36.04
Suggested Stop Loss $37.15
Target price $33.47 (moderate) or $23.71 (aggressive)
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EURUSD-2hr's Educational - 7 Steps To have A professional Entry🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
Step Number 1
Turn level Trend .
. Play Support And Resistance Rule In The Past
-----------
Step Number 2
Draw & Find Major Trend 3 Reversal's
------------
Step Number 3
Find Channel Formation Near The Price
------------
Step Number 4
Search For Highest Volume Bar From Price Area
and Draw Rectangle that area
------------
Step Number 5
We Can Use Volume Spark As Very Good Target's level
or take it as Station's for Price and Good Entry's
------------
Step Number 6
Draw Turn level Support and Resistance
------------
Step Number 7
Volume Profile Point Of Control
So Important .. High Success Chance to Take Action Here
--------------
For Example Shorting Position ---
Break Out Point - For Example
---- 1.17000
Trend Break
Turn level Break
Turn level Break
High Volume Break
FTV - 13.01% Potential Profit - Ascending TriangleUptrend Support with a bullish pennant forming about to breakout.
Target price set at new uptrend resistance line.
- 5-month uptrend support
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $74.36
Suggested Stop Loss $72.33
Target price $83.89
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
USDCAD - Monthly/Weekly Analysis - 8/18 Hello traders, seeing USDCAD on the monthly and weekly timeframe you can see a double top. So, I think it will go bearish to the lower support zone
1.20976. I could be wrong because it has been over sold and needs to go bullish. What way do you think USDCAD will go?
GBPJPY - Hourly Analysis - 8/17Hello traders, there are many traders saying long and many saying short. I say short because moving averages have crossed over as well as the conversion and base line. Another indicator is that the candles are under the ichimoku clouds. I placed the fib tool to help coordinate possible take profits. I do hope it goes bearish to support zone 137.998. Like if you agree. I appreciate all feedback.
AUDCAD - Daily Analysis - 8/17Hello traders. Looking at the 4HR chart of AUDCAD, I can see the the candles are underneath the ichimoku clouds, but the conversion and base line and the moving averages are about to cross over, I think AUDCAD will be going upwards to resistance price 0.96302. Like if you agree. I appreciate all feedback.
EURJPY - Daily Analysis - 8/17Good morning traders, looking at the 1 HR chart of EURJPY, you can see a bullish pennant has formed. I am hoping the price will retest the resistance downtrend and retest the support price 126.100 and climb upwards out of the triangle and continue to head bullish to resistance price 126.690 and still continue bullish. Like if you agree. I appreciate all feedback.
CADJPY - Daily Analysis - 8/17Hello traders, looking at the 4 HR chart of CADJPY, you can see an upward channel. I do believe it will continue to go bullish to resistance price 80.922 and 81.703. You can see that the candles are above the ichimoku clouds which indicates a buy. Like if you agree. I appreciate all feedback.
EURJPY - Monthly Analysis 8/17 - ? Hello traders, looking at the weekly timeframe, I believe that EURJPY will continue to go bullish for a while. You can clearly see the candles are above the ichimoku cloud which indicates a buy. I do hope EURJPY will hit the resistance prices 132.165 and 136.870. Like if you agree traders. I appreciate all feedback.