GBPCAD AnalysisPrice retracing into key fib levels from the recent 500pip rally. Also at first area of support. High probability trade setup here offering a 3.2 R/R.
Trade-idea
AUDCHFWe have similar trade on EURAUD, Do not trade both zones if they arrive at the same time.
what do you think about this trade? drop a comment below for question
EURAUD on the bigger picture, it clearly shows the bear is in charge. our zone is on the 4H timeframe. we decided to cover the pivot to prevent the price from touching our stop loss. and the target is just before the daily demand zone.
AUDUSD Long TradeHello Traders,
Here's my analysis for AUDUSD, buy then sell it, make sure to follow the stop loss level if you are buying
Trade Safely
AEO - AMERICAN EAGLE wow!American eagle dropped 16.49% today, that's nuts...
GLHF, trade at your own risk!
Possible Trade Idea for GBP/USD! Hello Traders,
Here we have a possible Trade Idea for GBP/USD. We're looking at GU on the 1H here. REMEMBER Traders this is ONLY A POSSIBLE TRADE IDEA TO WATCH FOR!!! THIS IS NOT A SIGNAL, This trade is not confirmed yet. This is only something to watch for and a possible setup. Nothing is confirmed until we see the initial move to the upside and clean 3-4+ Confirmations. We might see a further push to the downside to the larger blue zone I have marked up. If the price does make a move to the downside this trade is canceled. The only thing we're looking for to make this trade happen is a breakout of the triangle I have drawn up. Once we see a breakout of the Triangle and a CLEAN retest and rejection and continuation to the upside this is where we could see a move to the upside. If all this plays out and we can find 3-4+ CLEAN confirmations we should be looking at a 200+ Pip move to the upside!
JUST A POSSIBLE TRADE IDEA!!! NOTHING IS CONFIRMED OR SET YET!!!
Please wait for the confirmations to activate this trade. If we see a break to the downside do not open a position on this trade. Please comment below or ask in the group chat if you have any questions!
EURJPY AnalysisEURJPY Failed to break above structure by being unable to create any higher highs and breaking above the resistance area which also lined up with fib levels. We are now seeing downside which is supported from COT position which shows banks still continuing to add long positions to the yen. We're seeing banks start to accumalate some strong long positions so we can expect some price manipulation. Nice r/r ratio of 4 on this trade setup.
Possible XAUUSD Move to the UpsideHello Traders,
Here we have Gold on the 30 Minute Time frame. I'm currently looking at a falling wedge forming on the charts, Signaling a continuation in the markets to the upside. We're still waiting for the confirmation so Don't do anything just yet. This is just a trade possibility to watch for. Wait for the breakout of the pattern and find your 3 confirmations to enter the trade long. Let's watch this one closely over the next few hours today.
EURNZD AnlysisEURNZD has been very bearish recently but price may find support around the 1.77-1.79 region, which also lines up with a key fib retracement level. We are also entering oversold territory so we could see some relief for the euro. However, with multiple bearish candle sticks on multiple time-frames it appears bears are not over yet. As per usual, we will be waiting for the rules of our strategy to be met so we will be keeping an eye in this key area to see if we can see any price action to indicate a rejection from this area.
ETH Correction Short Opportunity Targets INC.My trade set up
Just opened at time of writing price was $166.XX something.
20x LEV Short ETH
TARGETS
1) $163.75 Then move stop loss somewhere near here to lock profit if trade goes bad which during uptrends they can fire off ANYTIME during a correction post pump.
2) $161.10 Then move stop loss "BLAH BLAH BLAH"
3) $159.25 YOU GUESSED IT. . . MOVE STOP LOSS IF YOU WANT TO TRY FOR MORE YOU GREEDY MAN :P haha
Also kind reminder this is not financial advice but I like to hear from people with like or contradicting IDEAS because it helps me and everyone else grow.
ARU
Stay Safe! Don't Chase! STOP LOSSES PEOPLE!!! :P
USDCAD AnalysisUSD has tanked almost 9% against the CAD, naturally after experiencing a move like that you would expect some pullback and profit-taking. This has been the case and along the way price has created an ascending triangle formation - this pattern indicates when the structure is broke, by creating a higher high - further upside will follow. We are hoping that there is a pullback into our yellow zone for us to enter into a buy position with low risk and high probability. We are also using our DXY analysis as a confluence to support this trade.
Trade Idea: Long $DOCU @ 90.10DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
GBPCAD Anlaysis Will be interesting to see if GBPCAD will retrace from current levels and respect the weekly resistance area which it is in now. Keeping a close eye this week ahead for possible downside.
Trade Idea: Long VXX @ 53.00Throughout this short term reaction bounce yesterday and today, volatility indexes have stayed relatively strong. VXX had a deep gap down on Tuesday but started to trend higher with the market indexes. Today VXX closed green with market indexes. As the short term trend on the market indexes seems to be terminated, I believe as markets start to retest lows, we could see VXX retest highs in the near future.
Long @ 53.01
Stop loss @ 47.25
Target @ 70-75 but start scaling out at 60
Trade Idea: Long $ZM @ 1472 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147.
Long @ 147
Stop Loss @ Below today's low.
Target @ 180
GBPCHF AnalysisAre we going to see a strong recovery on the board or just pullbacks and profit taking for more sells to enter the market? what's your opinion? have we already bottomed out?
AUD/NZD forming interesting reversal patternThe AUDNZD pair reached an important support on the daily chart and formed powerful reversal patterns near the 1.00 round-number.
The ASX 200 and NZX 50, and AU/NZ yield differentials support higher prices in the coming days.
Interesting pair to watch. If you like the analysis, please hit the "LIKE" button to support our work. Thanks!
USD/JPY closed downside gap, selling opportunity coming?Hi traders, the USD/JPY pair closed this week's downside gap on a broad USD strength, but the Nikkei and SPX still show a strong divergence to the downside.
The dollar index is reaching multi-year highs near 100 and the 2y and 5y US yields don't show to be catching up with the dollar.
Positioning in the futures market through last Tuesday show an increasing bullish sentiment in the JPY.
From a technical standpoint, the pair reached the 61.8% Fib level of the recent down-move which formed a confluence with a strong daily resistance.
XAGUSD Technical Analysis Hello Traders,
Here's my view for XAGUSD, its starting to seem bullish at this point on our channel.
Trade Safe
USOIL Wave AnalysisHello Traders,
Here's my analysis for USOIL, Wave 4 has ended and wave 5 should be happening now.
Trade Safe
GBPAUD Trade IdeaHello Traders,
Here's my analysis for GBPAUD, it seems to have been trading this channel for 7 months now.
Trade Safe
Trade Journal: Short $CZZ - Support Failure - 2/20/2020Recently market weakness made me want to look for and take on some short ideas in order to hedge some of my long trades. I have been stalking CZZ short and long and today CZZ looks like momentum is carrying it to the short side. CZZ has been in an overextended run for the past year and looks ready for some retracement. The 20 and 50 DMA is falling and price is below these two moving average which is a good bearish sign.
Entry - 21.07
Stop Loss - 21.85
Target - 18
TRXUSD IDEA: Trx long term strong bullish possibilityHI,
Trx making a double bottom and already breakout. probably trx can retest double bottom support area and then trx can up at marked resistance area and also you can note there is a trend line so it has strong possibility to retest support area. After retest trx can up for the next resistance area and if successfully breakout the area and if retest then has strong possibility to up more and more.
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