USD/CAD Take Profits 34 PipsGood day, snipers. Our previous analysis played out well and now we banked 34 pips so far. I placed stop loss at entry now and let's see if this thing continues to melt.
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Takeprofit
#XAUUSD - $1800 profit target hit on GOLD... whats next?All profit targets achieved.... bullish above 1800 but we could get a sweep of the lows around 1790 to clear out some weak longs... longs invalid if for some reason we dip below 1775 then we re-evaluate but its paid well to be a gold buyer and ill continue to do so until I see differently
CMP 1804 pre NY 7/8/2020
LATE IMPACT OF CRISIS ON LUXURY GIANT - HERMES - RMS - 30MNThe large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance.
The price have then been ranging horizontally, after having broken this large uptrend line.
Now it is time to consider the probability of seeing the market price fall a bit.
The break of the lower part of the rectangles will validate that probability.
In the other side, two natural upper resistance formed by the top of the two squares. Probability of pullback down from those points.
Any break of the square up or down will be a nice entry point.
Time to take profits for investor to reduce exposition and come back stronger after the probable share price fall.
AMD in take profits modeAMD completed Pattern and now in take profit mode.. $45 area lines up with perfect 618 fib take profit.. line drawn as B point is 50 retrace and that will be support then catalyst to the target.. very high probability $45 before taking out recent highs..looking to start a position at $45 rather than shorting to there right now.. good luck trading friends..
USDJPY in the middle of the descending triangle!The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle.
We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2.
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GMPinvestors
GBPUSD following the down trend channel!Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion.
It actually following a down trend channel, completing two bounce and reaching the third one.
We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
NZDCAD H4 - Long SetupNZDCAD H4 - Pushing resistance, now, looking to see a rejection and selloff back downside. This has always been a better setup to buy from support, rather than to sell from resistance. Purely because it's bullish consolidation and the wick zone is clearer from support than resistance.
GBPUSD will collapse again?Two massive bounces and for the third time the price goes up, reaching the top end of the Bollinger bands.
High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
AUDJPY up to the main resistanceThe market is definitely in uptrend, reaching the resistance at 76.467
We expect a short taking our profit at 74.620 (33% Fibonacci, or a TP2 at 73.124, 66% Fibonacci, if the price breakout the support ).
In a situation where the price could bounce on the main trendline, get ready for a long.
Let me know if you like our idea and feel free to reply in the comments with your opinion!
Enjoy Traders!