AUDCAD: The Main Supply 💣The more touches at supply made the zone weak, it had to be liquidated at some point.
Now that we have successfully liquidated the supply sellers with compression delivery, we may see a continued sell-off.
I will be locating a sell with my team later in the day depending on the rejection.
Signalsfree
TRADE OF THE WEEK | Classic Trend-Following Trading 💰
Hey traders,
I told you many times that Gold is bearish and that bearish continuation is highly probable.
Following this analysis, I managed to catch a nice trend-following trade this week:
after a sharp bearish movement, the price started no consolidate within a horizontal trading range.
The price broke and closed below its support then.
Shorting on a retest, I caught 540 pips of a pure profit.
Great winner!
Did you catch it?
❤️If you have any questions, please, ask me in the comment section.
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AUDNZD: Short Signal Explained 🇦🇺🇳🇿
AUDNZD is trading within a wide horizontal trading range on a daily.
The price reached its upper boundary yesterday.
Testing the resistance of the range, the price formed a head and shoulders pattern on that
and broke its neckline then.
I am planning to short AUDNZD with stop loss - 1.11075 and target 1.1.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDCHF: Weekly Demand Zone 🧠Price has entered the weekly demand zone and slowed down in price luring in buyers.
However, many are not taking note of the incomplete compression within demand.
Because this compression is incomplete, I think we are likely to see a breakout trap followed by completed compression BEFORE we see any signs of buying pressure.
I will set alerts and sit on my hands until this pair is ready.
L et me know what you think in the comments.
GBPAUD: Collapse 🐻Price has swept the trendline liquidity but will this be enough to cause a reaction?
I have two options to sell either around this region at market open or slightly higher at the main supply.
We will observe price action at the market open before we take any sell positions.
Let me know what you think in the comments guys! 💬
AUDCAD: Classic Structure Trade Explained 🇦🇺🇨🇦
AUDCAD reached a key level on Friday.
On that, the price formed a triple top formation.
Its neckline breakout confirms a coming bearish move.
I expect a bearish continuation to 0.908 / 0.905
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DOCS Disappointing GuidanceDoximity, Inc. (DOCS) expects revenue between $88.6 million and $89.6 million for the next Q vs $96.8 million expected.
analyst Sandy Draper: “We see it as a buying opportunity for investors." “We are lowering our PT to $52 from $70 to reflect a lower multiple as growth stocks continue to see multiple compression.”
The P/E ratio is decent, 56.01.
I expect a reversal to $49 by the end of the year.
Looking forward to read your opinion about it.
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945:
Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share.
Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion.
The stock is closer to our $350-400 buy range now.
Looking forward to read your opinion about it.
EU TRADE IDEA Not a big 15M Trader , But with a Weak Doller and nice EU Legacy Report i could see strength in this currency pair.
We have a beautiful impulse break on the 15M with a 1Hr close breaking Structure leaving some imbalance to fill.
Could be a great trade if we can see a retracement back to that imbalance to fill and continue to the upside.
** This is not Financial Advice and only my View on the chart in hand **
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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.
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Please, support my work with like, thank you!❤️
XMR one of the hottest coins nowDue to its privacy characteristics, XMR Monero is one of the hottest cryptocurrencies to own right now.
I expect the support to hold a from which it can bounce to the $287 resistance.
Looking forward to read your opinion about it.
waves bullish potentialafter 70% correction from ath waves can start new move up
every thing clear on chart
comment your idea
TRADE OF THE WEEK | Top-Down Trading in Action 💰
Hey traders,
NZDUSD reached a key level this week.
We were looking for an intraday confirmation to buy the market.
Our confirmation was an inverted h&s pattern on an hourly time frame.
We bought a retest of a broken neckline.
70 pips of pure profit made!
Great winner!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DCR giant falling wedgeAs we can see, the bearish chart patterns turned out to be effective on DCR Decred.
But the best is yet to come. DCR is forming a giant falling wedge and now has found a strong support.
Until the next bull cycle, i think it can play inside this chart pattern heading to the $80.70 resistance for now.
Looking forward to read your opinion about it.