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AUDUSD at Key ResistanceAUDUSD (H4) - Last week we saw the Aussie make a corrective move back to 0.76000 following an aggressive sell off from 0.77000 the week before. The market closed just below 0.76000 on Friday with a pinbar on the daily timeframe after price tested the level from below and failed to close above. On the daily timeframe this level is also currently acting as a neckline for a Head and Shoulders which could be signalling a trend reversal for the Aussie. Should price fail to close above this level again early this week, we could see a weaker Aussie with prices sinking lower possibly to around the 0,73000 levels.
Short
by Swiing
GBPUSD Double Top?Weekly timeframe Double Top? Strong rejection to the downside after price, for the second time has failed to break above 1.41200 in recent weeks. A strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market. 1.37000 is the next support level which is also acting as the neckline for a potential double top pattern formation. Could this be the beginning of a trend reversal for the pound? First short targets at around 1.32000 area.
Short
by Swiing
BABA - 1D candle - Long Above 220$ BABA can interest me for a cute swing. This stock is a strong company, with good Revenue, future prospects and technological innovations. China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO. -------------------------------------------------------------------- Recent News (Fundamental): * It announces that it will produce robots that will enter the Chinese economy. * It announces that it will start producing electric trucks. -------------------------------------------------- ------------------- The average analysts' rating by "TipRanks" is positive. With a consensus of 25 buy recommendations right now! -------------------------------------------------- ------------------ technical analysis : Above price 220$ it will prove that it breaks the descending triangle Under 195 I would less recommend holding it PT1 - 268.50$ (Conservative) PT2 - 297-300$ -------------------------------------------------- ----------------- * For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently * There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas * Let me know what you think, your opinion is important to me !
NYSE:BABALong
by SaTLla101
4
SUNTV - Bullish H&S pattern - Weekly - Swing tradeThe above analysis is done purely based on Price action and Popular chart analysis. The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target. Analysis and trade setup has been shared in the image itself. Don't run after the price, and always trade based on your study. Maintain proper risk management. Also check out my other ideas to know how even a beginner can earn money from stock market with help of simple price action. Feel free to comment or message me regarding this analysis or to know more about chart study and learning price action.
NSE:SUNTVLong
by AdityaKarn90