GBPCAD: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
Shorts
Crude Oil hit Major Resistance, 10% Down until early AugustIn my latest analysis of the Crude Oil Futures ( NYMEX:CL1! ) market, I've identified key medium-term resistance and support levels. The resistance at $84.30 was ideal for a short position, with a trailing-stop set at $83.80 to manage risk. My target for this short position is $74.50, suggesting a significant profit potential of over 10%. Considering that most significant downtrends in oil take about 20 days, I expect the price to reach $74.50 around the end of July or early August.
I also noticed consolidation zones between $82.00 and $77.00, which may cause temporary price consolidation. The medium-term support at $74.50 is crucial for considering a long position, indicating a possible upward reversal.
My strategy is to short at $84.30 (already done) with a stop-loss at $83.80 (to minimize losses) and aim for a profit at $74.50, while closely monitoring the consolidation zones for any signs of price stalling or reversal. If all goes according my plan, I also might consider a long position at around $74.
What is your take on OIL for the next month?
USDCAD Massive Short! SELL!
My dear subscribers,
My technical analysis for USDCAD is below:
The price is coiling around a solid key level - 1.3765
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.3723
My Stop Loss - 1.3791
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
CHFJPY Set To Fall! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 176.97 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 176.67
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
NATGAS What Next? SELL!
My dear followers,
This is my opinion on the NATGAS next move:
The asset is approaching an important pivot point 2.124
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.095
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURGBP: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the EURGBP pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
❤️ Please, support our work with like & comment! ❤️
GBPCAD Technical Analysis! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7720
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7613
My Stop Loss - 1.7797
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
BTCUSD: Short Signal Explained
BTCUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short BTCUSD
Entry Point - 67117
Stop Loss - 69928
Take Profit - 62438
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
AUDUSD Set To Fall! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6657 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6643
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
Trading Strategy for REC Ltd. (NSE: RECLTD)
Analysis:
1. Trend: The stock is currently in a downward channel as indicated by the parallel lines. This suggests a bearish trend in the short term.
2. Support Levels:
- Strong support is present around the 600 mark, which coincides with the current price level.
- Another key support level is at 575.
3. Resistance Levels:
- Immediate resistance is around 610.
- The next major resistance level is around 625-640.
Volume:
- The volume has been significant, especially during the drop, indicating strong selling pressure.
Strategy:
1. Entry Point:
- Consider entering a long position if the stock shows signs of reversal or consolidation around the 600 support level.
- Alternatively, if the stock breaks below 598 with significant volume, it might be wise to wait for it to approach the next support at 575.
2. Stop Loss:
- Set a tight stop loss around 595 to limit potential losses.
3. Targets:
- First target would be around 610 (immediate resistance).
- If the stock breaks above 610 with volume, the next target is 625-640.
Conclusion:
- The stock is in a downtrend but is approaching a critical support level at 600. Monitoring the price action around this level is crucial.
- Entering a long position with a stop loss at 595 and targeting 610 initially is a prudent strategy.
- If the support at 600 fails, look for opportunities closer to 575.
Note: Always consider the overall market conditions and use proper risk management techniques when trading.
EURAUD Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6268
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6194
My Stop Loss - 1.6317
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GOLD Buyers In Panic! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2440.3 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2402.4
Recommended Stop Loss - 2460.0
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
SPY Will Collapse! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 559.90 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 550.43
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Gold's Next Big Move: Is This the Reversal Point?4-Hour Chart Analysis
Trend Identification:
Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend.
Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend.
Key Levels:
Resistance Levels:
Around 2,480 and above are marked by HH.
Support Levels:
2,429.42 (1HR LQZ / Reversal Point)
2,391.39 (4HR LQZ / TP 1)
2,349.05 (TP 2)
2,288.09 (TP 3)
2,265.37 (TP 4)
Price Action:
Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout.
Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42.
Projection:
Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480.
Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4.
1-Hour Chart Analysis
Detailed View:
Provides a closer look at the recent price movements.
Confirms the higher highs observed in the 4-hour chart.
Key Observations:
Recent High: The price recently reached a new high around 2,480 before retracing.
Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations.
Trading Opportunities:
Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point.
Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart.
Summary
The charts indicate an overall uptrend with recent higher highs and higher lows.
Current price action is in a retracement phase, testing key support levels.
Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels.
If you need further analysis or specific trade recommendations, feel free to ask!
USDCAD My Opinion! SELL!
My dear subscribers,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3677 pivot level.
Bias - Bearish
My Stop Loss - 1.3702
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.3642
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
AUDUSD Will Collapse! SELL!
My dear subscribers,
This is my opinion on the AUDUSD next move:
The instrument tests an important psychological level 0.6740
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6730
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
EURGBP: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
AUDCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDCHF below:
The price is coiling around a solid key level - 0.5989
Bias - Bearish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6013
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
GOLD: Expecting Bearish Movement! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️