TRADE OF THE WEEK | Classic Key Level Trade 💰
I was warning you for many weeks that 6-years-low is ahead on EURUSD.
Being very oversold, the market would definitely bounce from that.
Once the underlined structure was reached, I spotted a double bottom formation on 4H time frame as a confirmation.
Bullish breakout of a neckline was a perfect trigger to initiate buying.
Then the market bounced nicely and it looks like it may even go higher.
Did you catch this move?
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TGT Target first Earnings Miss since Q3 of 2018TGT Target CEO Brian Cornell: "We never expected the kind of cost increases in freight and transportation that we're seeing right now".
Net Sales: $25.17 billion vs. $24.47 billion estimates
Gross Margin: 25.7% vs. 29% estimates
Diluted EPS: $2.19 vs. $3.07 estimates
TGT Target continues to expect low-to-mid single digit percentage sales growth this year.
My price target is $149 and ultimately the pre-pandemic level of $130.
Looking forward to read your opinion about it.
Do not miss this buy opportunity on Ger30!Hello traders, Ger30 broke above the falling channel as I discussed in my previous idea on this. I anticipate bullish move from now with two targets in mind, 14579.87 and 14924.30.
Please do support this idea with likes.
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GBPJPY > Wonderful Head and Shoulder Pattern!!Analysis of #GBPJPY
the GBPJPY forming a wonderful bearish head and shoulders pattern, I am awaiting to see if we get a break of neckline resistance and a valid reason for entry to get in a short trade if it meets my rules for a possible continuation to the downside
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TRADE OF THE WEEK | Great Key Level Short💰
Hey traders,
This week EURCAD gave multiple great shorting opportunities.
Approaching a key level the price formed a tiny head and shoulders pattern on 1H time frame.
After its neckline breakout, the price dropped sharply.
Then the price formed a double top formation.
Again its neckline breakout gave a very nice opportunity to short.
Great profit and nice trade.
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NZDJPY: Potential Trend-Following Move 🇳🇿🇯🇵
I see a potential trend-following trading setup on NZDJPY:
the pair is trading in a strong bullish trend.
Setting a new high, the price retraced to a key level.
To buy with a confirmation I am waiting for a breakout of a neckline of a double bottom formation on 1H.
Once I see an hourly candle close above that I will buy on a retest.
Intraday targets will be 82.8 / 83.34
If the price breaks a blue zone to the downside,
a further decline will be expected.
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(Nas100) it is not what you think!It is not what you think, but what the big guys think! 12000 might not be the bottom.
Hey everyone!
Let's take a look at Nas100 and see what is currently shaping up. The index has really faced a critical moment the past few months, leaving so many speculations among investors as to where the bottom will be before it skyrocket again. I had to take a moment to look at the index thoroughly, also evaluating the performance of major tech stocks that influences the direction of the index. I have a feeling that the bearish move on Nas100 is not yet over and we can still expect further decline towards the 200 simple moving average which aligns with our next support around 11000 (November 2020 low). I think the big whales are eyeing this level.
I also attached the chart of one of the giant tech stocks that I find to influence the direction of Nas100- Tesla.
What we see below is a larger correction and it seems like tesla has to fall to the support of this larger correction. If so happens, then we have no doubts that Nas100 will continue facing downward pressure in the coming days.
Do you have any suggestion or opinion? Please be kind to write it in the comment section below.
Do also consider showing your support of the idea with likes.
Tesla chart
Gold is under pressure and bearish move is more likely!Gold made a fake breakout out of its descending channel and price eventually rolled back in. Due to the excessive strength to the dollar, we can expect more decline. I have also noticed that the yellow metal has a major rising trendline support that extends from August 2021. The bears will be eyeing this trendline. Will be going short on this instrument with initial goal at 1835.00 or close to that.
Please do leave a like if you find this idea helpful. I will highly appreciate it.
TRADE OF THE WEEK | Classic Structure Trading💰
Hey traders,
After a bearish breakout of 34.000 - 34.300 structure support,
I told you many times that it turned into a very strong resistance
and from that, you should look for opportunities to short.
The broken structure was retested 3 times,
and the market gave us very nice confirmations to short.
Yesterday, the price was retesting that structure again.
The index formed a tiny double top formation on 1H time frame,
broke its neckline and on a retest, a short position was opened.
Then the market dropped sharply.
Great winner and nice trade!
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Gold growth to 1918.00 is more likely!just now
Gold broke above the falling trendline that acts as the resistance of the descending channel . I expect price to rise after some consolidations.
Goal 1918.00
Please support this idea with likes. If you have different opinion please share in the comment section below.
CRXT Clarus Therapeutics Bullish ReversalCRXT Clarus Therapeutics had 3 green days after its sell-off to all time low.
This should signal a reversal pattern.
Clarus Therapeutics has the first FDA-approved oral softgel for testosterone replacement therapy in adult males who have deficient testosterone due to certain medical conditions called JATENZO.
The fist target is the $1.1 private placement offering price and then the $2.10 resistance.
Few months ago they had another private placement at $4.96 per unit, so we can take that into consideration as well.
Needham & Company LLC has a Price Target of $8 for CRXT (that is the ultimate goal).
I think it can easily double from here.
Looking forward to read your opinion about it.
S&P500 Index (SPY) Risky Long From Support 📈
S&P500 is approaching a strong zone of demand.
On an hourly time frame, the price formed a tiny double bottom formation
and broke its horizontal neckline.
The price may retrace now to 4230 / 4270 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURNZD > Could We Have a Breakout of Resistance!?Analysis of #EURNZD
the EURNZD currently testing its resistance level near 1.6288-1.6310, if the market successfully breaks and closes above its resistance level is ill then look for trend continuation pattern to get in a buy trade
this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation before I make a trade
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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💭 | Comment your thoughts below, I always answer.
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