Sundayanalysis
[Market Breakdown 5] CHFJPYYou can see that we are currently sitting around a major Sell region.
We have received a Double Top formation.
We have received a solid Bearish candle.
We have received a Monthly -68 Fib completion.
These are all nice indications for a possible short set-up.
DXYMy view on DXY.
This is not the overall first time DXY has met this level of support, so now that DXY is "around" reaching previous weekly support levels.
I believe DXY has one more final touch and maybe some extra down slide before a possible bull ride.
AUD/USDi'm looking for a small continuation to the down side then back up from here.
also forward for the market to respect the bullish trend but anything else is also possible
red horizontals are daily support and resistance
green horizontals ate 4hr support and resistance
Yellow horizontals are 1hr support and resistance
Silver Set UpTrap 2.0
Will placing 2 positions once the market is open,
price is above the 10, 20 & 50 EMA!
Most recent candle engulfed the 3 previous candles.
TP's will get hit, money will be made!
*Markup is on the daily so it might take a few days to fully play out but hold & don't fold!*
(Personal recommendation try to buy physical silver, the central banking system is in historical weird times with all the debt created and the inflation of all currencies. Silver & Gold are tangible items that's values will never go away plus silver is used for solar energy! Think bigger, think for the long term & never be scared to lose.)
Sunday Outlook 1/11-1/15 $MCD $V $MA $W $VMW $HD $PTONHere i take a look at some stocks I am watching for the coming week, i breakdown the current patterns i'm seeing on them and how i would play them moving forward.
CHFJPY Weekly AnalysisCHFJPY is about to gear up to test the high of the year 117.800+. Price is testing a VERY key area for this pair, which it hasn't been in or around since August. This week i'm expecting the bulls to continue until price reaches at least 117.915-118.000. Price previously topped out at 117.883 which then after price tumbled down to 113.274. Price has now engulfed the last high that happened back in October which is circled, and looks like it has picked up strong bullish momentum. Lets see what unfolds, goodluck to you all!
GJ Weekly Analysis! *Big week ahead!*Happy Sunday to you all!
*READ ENTIRE ANALYSIS*
Price is creating more higher highs, higher lows, and looks to be about to reach the resistance line just above the 78% on the Fibonacci Retracement (Blue Line) which is around the price of 142.825. What I see CAN POSSIBLY happen is price creating a bearish 3 drive strike pattern *Red cirlces* once it reaches the resistance line which is why I have the long dark red path line from resistance all the way to the 0% on the Fibonacci Retracement. I've put my predictions on the chart for if price was to go up or down from where it is now, and right now i'm leaning more towards the bulls, based off what i'm seeing at the moment, and also what price has done in the past. The green circles indicate where I personally will be looking to execute on GJ if obviously the market plays out how I see it playing out. Goodluck with this pair if you are trading it this week!
Leave a comment below if your trading GJ this week, and leave a like if you agree with my weekly analysis
Could Daily Engulfing Candle Signal Where Breakout Heading?So we respected a bearish harmonic on the daily. But this multi-day consolidation is preparing for a big move.
But I'm curious will the move be strong enough to break the monthly zone of 136.218 and make a bigger push down if this is going to be a major short?
Otherwise, I do see a bearish engulfing as the last candle sitting on this daily zone. So it may be signaling the bull will begin this week. We'll see.
BULL TPS:
• 138.252
• 139.019
• 140.638
BEAR TPS:
• 137.239
• 136.390
• Only id the monthly zone is broken…135.464
• 134.650
**SUNDAY MARKET BREAKDOWN** GU Downtrend continuation?levels to look out for.
Bearish GB news:
- Moody's downgrades the UK's credit rating
- OECD warns of UK economic scars
- UK economy was not doing that great, GDP figures for August badly disappointed
- Brexit talks turn sour
- New lockdown rules imposed for the UK coming into play this Thursday, Nov 5th, 2020.
GBPUSD - possible long coming upWhat we can expect to happen on this upcoming trade is for the pair to reach this bearish trendline that broke out last week and on the retest of this we can expect price to start pulling back up.
This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this pair and now we are just waiting for the next trade to present itself.
AUDCADI would like to see pull back to the green zone before price will take to the treand line above.
GBPJPYWeekly, daily, 4h aligning
support levels marked out
strong JPY this week, bearish GBP
Below EMA
GBPUSD CABLE SHORTIdea for this week.
Technicals -
Daily closed as strong bearish engulfing
No significant levels in sight
Price below EMA
Price Action is Bearish
2nd Touch of Trendline (very reliable!)
Fundamental, Boris Johnson announced he may consider extra covid-19 restrictions within the United Kingdom. This could support our trade.
Comments appreciated :)
XAUUSDALL TF's pointing to the downside
- Weekly failed to close above
- Daily bias and 4h.
Trendline, respect.
What you think?
GBPNZD SHORTShort idea for this week.
GBP major falls last week, and I think it will continue, all TF point to the downside, including weekly, daily, 4h.
Price is heading for a major weekly support level in place since 2017. I think it could reach the first target of 1.90600 easily.
Onwards to 1.89200 then.
AUDCADHtf Bias
Trendline
Price has reacted nicely from daily, and weekly resistance levels. This is a trade I'm looking to take this week.
Travelling below ema and bearish on 4h.
EURNZDAll timeframes pointing to the downside
EMA
Price Action
Strong Bearish Candles
Higher Timeframe Bias.
Opinions?
Have a great new week of the month everyone :)
