Swingtrader
Weekly Analysis on CHFJPY by ThinkingAntsOkUse this as a guide to develop your view.
Main items we can see on the Weekly Chart:
a) We have two clear structures. A support zone and a resistance zone
b) Currently, the price is in the middle zone between them
c) We can see a Corrective Structure (signals of a continuation movement)
d) Our forecast is a bullish movement towards the next resistance zone
e) For a clear view of this situation OR for developing setups, we would do it on a lower timeframe between 4HS and 1H
EUR GBP sell scenario swingWeekly Timeframe - once the buyers are exhausted and in the monthly supply zone counting as the first touch, we are expecting a huge sell off.
But patience here is needed.
Weekly - we have outline our targets for the swing trade.
Daily bullish momentum
4 hourly is bullish
We are not yet trading against the trend.
Big corrections are needed and will come soon enough.
We will start to produce video analysis soon on multi timeframes.
GBPUSD VENTA (15MIN)Después de completar 5 ondas de elliot a la alza, este par me hizo un rompimiento de estructura, el cual a partir de este momento yo espero las ventas, unicamente despues que llegue a una zona donde hallan suficientes confluencias para una buena entrada.
..............................................................................
Este es un analisis 100% tecnico basado en mi plan de trading y sentimiento propio aprendidos en el dia a dia en mas de 2 anos de experiencia, siempre es recomendado hacer tus propios analisis y buscar tus propias entradas y salidas basados en tu desicion propia como trader, un saludo.
Yody Iznaga
Pro Forex Trader
Let's Play with USDZAR Sell.I am looking forward to seeing a great sell on this pair after making the moves i anticipated and also respecting all my key area . Now it's time to see this fall pretty well to get us our reward . Trade Safe. Your comments will be appreciated . And incase you need to learn , i will be very much available . Have a pipful week people
USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD.
Let's start with the Top Down Analysis.
Monthly: Overall the chart move sideways. But because of the huge bearish candles in the past it's bearish. But because of the huge bearish candles in the past it's bearish.
Weekly: The weekly timeframe is bearish
Daily: We see a bearish trendline as well as the price touched a very strong level.
Have a nice day.
Trend Trade With A Pullback DueThis pair has been on a downward trend. I am actually curious to see can it make the monthly or not.
A pullback should appear before it continues further down. It's pretty much near rock bottom of the charts. So I'm looking for pullbacks and reversals for this pair.
For the time being, trading with the trend is key for this pair until it shows otherwise.
BEAR TPS:
• 1.06861
• 106284
BULL TPS:
• 1.07600
• 1.07808
• 1.08210
Chevron Corp swing trade ideaChevron Corp -
Breakout to $133 or breakdown to $103?
The price likely has a bullish trait as support awaits at approx $115.
I favour the bullish movement upwards right now as the upwards trending (green dotted) support line awaits price. However, as always, wait for price action to form to provoke your next trade move here.
Enjoy your weekend and have a great trading week ahead.
All comments welcome.
Drop Could've Been a Big Pullback For The Bull Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit.
The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one.
BULL TPS:
• 144.356
• 144.844
• 145.638
• 146.961
BEAR TPS:
• 142.321
• 141.469
• 140.757
• 140.225
Price Action Says Short, But War Can Say BullGold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short.
The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action.
But technical analysis still screaming this is a big big short. Let's see.
BEAR TPS:
• 1550.55
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1489.61
BULL TPS:
• 1571.51
• 1584.37
• 1595.62
• 1610.72
In a Range Awaiting BreakoutWe are in a range according to the 4hr.
According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active.
Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice.
BEAR TPS:
• 1.70068
• 1.69680
• 1.69298
• 1.68939
• 1.67490
BULL TPS:
• 1.71354
• 1.71800
• 1.72316
• 1.72902
Trendline TradeWe have new trendline bounce which means we can continue
back up to the monthly SR level at 0.91362 to see if we can pass it.
The other possibility is this is just a pullback move for the short
and we will continue further south to the 0.89873 zone after
a break and retest of the trendline.
BULL TPS:
• 0.90697
• 0.90955
• 0.91256
New Tps will be posted when it breaks and retests SR zone.
BEAR TPS:
• 0.89956
• 0.89801
• 0.89477
New Tps will be posted when it breaks and restest area of 0.89372
Bearish Continuation PossibleI'll be honest here.
I got excited GBPs became bearish.
The target goal if it continues down is around the 1.67490
if it can keep the swing going.
Otherwise, It can break this trendline and continue to keep going bullish
once it breaks through the daily SR zone.
Target for the bull this week. Is 1.71800
BEAR TPS:
From the trendline…
• 1.70611
• 1.70068
• 1.69680
• 1.68939
• 1.68150
New TPs will be posted once it breaks the last bearish TP.
BULL TPS:
• 1.70611
• 1.71066
• 1.71349
• 1.71800
New TPs will be posted once price breaks the last bullish TP.