TTITechnical only :
Adding to my watch list in order to get a direction from the market.
There is a positive and a negative scenario.
Positive scenario - W pattern - Our first entry will be above 4.20 and our second entry will be above 4.50 with potential target of 5.75$.
The negative scenario - Below 3.76$ we will jump in to short position and even increase my holding if we will break the important 3.55$ level.
Our potential target will be 2.7 and than 2.35.
DYOR 🙊🍒
Manage your own risks
Swingtrade
money flowing into biotech sectorxbi is displaying strength on the daily as far as qqe and sss strategies are concerned. if we stay above pivot im targeting upper horizontals as rising 4hr triangle could bull pennant, and if we fall beneath that pivot resisting from rising 4hr triangle i would target lower horizontals.
this vaccine trade popped in february 2021, can it recover some?all gas no breaks with a full tank and a full trunk. this covid vaccine stock enjoyed a huge runup to the release of the vaccine, but since has languished on the monthly as it lost over 90% of the price high. im not looking towards this as a long term investment, but im buying the rumor that nvax is announcing new trials or a variant innoculation or at least some catalyst and selling the news of that catalyst as well as the release of the vaccine/start of trial. if we stay above pivot, im aiming for upper horizontals and if we fall beneath it im looking for the lower horizontals. im not looking for a huge long on this thing, just maybe some monthly snap back and a move to close gap.
$LUCE - Beaten down reversal play with +50% to +100% upsideTechnical Analysis (TA)
On the weekly chart the momentum indicators are oversold. There are early signs over of a potential reversal.
On the daily chart the price is flat and there is a small wedge formed. We need price break above 115 and then we could potentially see LUCE reach 145 and 170.
Price Target
Entry: 115
Target 1: 145 (+26%)
Target 2: 170 (+48%)
GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺
Bearish rally on GBPAUD continues.
The price is currently violating a major weekly demand cluster.
If this week's weekly candle closes below the underlined blue zone,
a breakout will be confirmed and a further decline will be expected.
Next support will be 1.69
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPCHF: Important Breakout & Bearish Continuation 🇬🇧🇨🇭
Hey traders,
GBPCHF is trading in a global bearish trend.
The pair started to consolidate in July and was stuck within a narrow range for 6 weeks.
Yesterday, bears finally managed to break and close the range's support.
I believe that the price will keep falling now.
Next goal - 1.141
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDUSD: Important Breakout & Bullish Continuation 🇦🇺🇺🇸
AUDUSD broke and closed above a key daily structure resistance.
That structure turned into support now.
I will expect a bullish continuation from that.
Goals:
0.7135
0.723
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
BTC Trend Weakening BTC price action has shown the first signs of weaknesses on bullish direction. First off, previous high/resistance of $24670 has not been broken neither tested weakening the weekly bullish set up over last month for the first time. Secondly we can notice bearish RSI Divergence highlighted by the white trendlines. Furthermore, MACD shows a bearish crossover in which indeed the MACD line passes below the Signal line. However, we are getting closer to 200EMA resistance and to the trend line which will work as strong support. For this reasons, if such a structure were to be invalidated we suggest to take a short position as the following:
Entry price: $22700
Target price: $22400
*30X Leverage
GBP/USD: Continuation of bearish trendGBP/USD: Continuation of bearish trend
> Overarching bearish trend
> Bullish correction broken to the downside
> 200er MA + POC above current price
> Bearish Engulfing Trigger + Follow-up candle
Probablity of a short move high. Please manage your risk in the current markets. Markets are very skittish and irrational. We are trading with 0.5% maximum.
Best
Meikel & Team WSI
Falling Wedge- Bullish- Keeping a close eye on CRM here as its finally starting to break out of this falling wedge it's been holding for quite some time now. Big increase in buyer volume relative to seller volume as shown on the RSI with some slight bullish divergence on the daily timeframe, and some more bullish divergence on the weekly timeframe (See Attached Chart Below).
- CRM closed out the week reclaiming its 20-Day SMA while also testing the upper trend line on the falling wedge it's been holding. On top of all that, CRM's EMAs are starting to curl upwards, with multiple gaps to fill on the upside heading into earnings, all signs pointing towards a breakout.
- Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime
--Weekly chart & Price Targets Attached Below--
PT1- $192.54
PT2- $196.23
PT3- $202.72
PT4- $205.18 +
--Weekly Timeframe--
US30 - Approaching Sell Zone 🩸We can see that we're on the C wave now, which is made up of 5 subwaves. We are currently in wave 2 which appears to be an expanding flat correction. Watching for price to come up to our sell zone and reject.
Trade Idea:
- Watch for rejection of sell zone and/or fibonacci
- Look for lower timeframe trendline break
- Enter with stops above the recent highs
- Targets: 30,000, 27,500
Goodluck and as always, trade safe!
GBP/USD: Short Trendtrade H1GBP/USD: Short Trendtrade H1
> H4 structural break
> LH and LL established
> POC above current price
> BOS is our sell zone
This is a short-term H1 Setup, coupled with the preceeding H4 structural break.
We already published the H4 idea, but this setup can be used further.
Meikel & Team WSI
EURCHF: How to Catch The Next Bullish Move 🇪🇺🇨🇭
I have nicely predicted a pullback from a key weekly structure on EURCHF.
Ahead is a strong daily supply area.
To catch a further bullish continuation, wait for a bullish breakout (daily candle close above) of 0.9786 - 0.982 area.
After a breakout, a bullish continuation will be expected to 0.987 / 0.9915
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBP/USD: Short about to rolloverGBP/USD: Short about to rollover
> Price at upper end of overarching bearish trendchannel
> Break of inner bullish trend to the downside
> LL-LH-Sequence
> POC above current price
> General USD-strength ahead of NFP on Friday
Generell USD strength after strong ISM data. Short move likely. Only event risk: NFP on Friday.
As always: Manage your risk, especially during the summer months.
Meikel & Team WSI
$BTC finally overtaking the 60day simple moving averageOK time to dust off the old TV account again!
$BTC has moved above the 60 day simple moving average and historically when this happens after a period of consolidation, BTC will trend for at least a couple of weeks with the 60 day mean price offering a good spot to rebuy in the result of a pull back.
I expect some headwinds obviously at the 28k-29k level for the obvious reason of being a zone of major bounces in the past, so would probably be looking to take profits there and rebuy the retest of the 60day SMA.
If this idea is to fail i have a stop below the wick of the prior thrust candle and below the 60 day SMA around 20.4k
tldr
Initial Target 29k
Stop 20.4k
using the 60 day SMA as a guide to buy pull backs or to get out if it gives way
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