Trade-setup
GOLD TRADE SETUP REVIEW GOLD has formed a bullish trade channel in a pullback on higher time frames. 1780 is in view in the next bullish string.
EURJPY H4 - Long SetupEURJPY H4
Seeing some decent corrections across EURO markets this morning, specifically EU and EJ which is good for us and what we have marked up. We have been waiting for an EJ correction since early last week!
We are always scouting for our H4 entries, so sizeable corrections like this are good for us and how we trade, especially when markets are very one sided, it pulls us away from our H4 analysis and lures us in to our H1.
GBPUSD NEARS KEY RESISTANCE ON THE FALLGBPUSD has pulled back against the USD but remains very much in control. The key level to break at 1.3800 to proceed further downside. Choppy pattern expected coming week.
Junk stock in a bullish continuation triangleI haven't touched the stock market for a couple weeks now, but I'm starting to see some nice trade potential again. VLNS (this is a Canadian stock on the TSX) has been trading in a rather broad continuation triangle for days now. Today VLNS closed a daily candle above trendline resistance on the daily chart. My entry price to this trade will be around 1.85CAD possibly slightly higher. My stop for this trade will be rather tight at 1.68 slightly under the breakup candle low from march 9th. I will be taking profits at the last local high on February 10th at (25%) 2.39CAD, I will also take profits at the old high (25%) 2.89CAD. I will keep 50% on the table incase we break above the old high. upon a rejection of the high I will sell the remainder of my stock. The total profit to loss about 5:1. I've also noticed a multi week falling wedge on this chart dating back to April 2019! However I'm not interested in that as this is a cannabis over hyped stock. expected profit will be about 42.5%, the trade is expected to last a few days to weeks .
XAUUSD SELL IDEA EXPLAINEDGOLD is falling back against the rising yield. A short opportunity here will give a great opportunity to hit 1880 again.
XAUUSD APPROACHING THE GREAT CHANNEL SUPPORTGOLD bears are in very much control but they meet multiple support zone, weekly EMA support, trendline support, and bulls breakout level. A side-bound movement is seen before Gold will further decide its direction.
DXY H4 - Long SetupDXY H4
This throws a bit of a spanner in the works as we now have to wait for support above 91.000 to hold to confirm USD bulls. Realistically it's expected markets would have corrected beneath 91.000 as we saw a 1400 point rally. It's only natural it sees a relative market correction.
Looking for a bit more from the USD across the board to confirm USD bull/bear bias. We have a mixed bag of analysis still as highlighted on the technical rundown video.
XAUUSD SELL UPDATEThe Gold has completed its retracement phase and ready to fall below the 1700 level for a heavy sell in the 1600 zone. The next target is 1680 in the near-term where it will decide the long-term direction.
GBPUSD TRADING OPTIONSBuyers will wait to enter a rebound trade from 1.3700, outlook remains solid for bulls. Good luck with your trades.
XAUUSD BEST SELLING OPPURTUNITY ✔Gold has and yet again rejected from resistance. Target in view is 1750 to the downward. Good luck with your trades.
GBPJPY TRADE SETUP - ANALYSISGBPJPY has a perfect uptrend to trade on a pullback and ride on the trend for further highs. A buy entry at 147.95 would be the best opportunity. Good luck with your trades.
IS GOLD DROWING? OVERVIEW TECHNICAL!We saw last week that problems getting the vaccinations distributed, rising coronavirus cases, weakening economic data and a dovish tone from the Chairman of the Federal Reserve failed to fuel a rally in Gold. And why was this? Rising Treasury yields and safe-haven demand for the U.S. Dollar.
AUDUSD SELL IDEA A trade setup is expected to give a short trade opportunity as Aussie and major currencies are under pressure again USD. Follow the setup in the analysis.
USDJPY TRADING IDEA - ANALYSIS 🔔Technically, the gradual decline in aging remains under influence. Monday's closing was the strongest since December 10 at 104.18 and the high of 104.39 nearly hit the channel's upper boundary. The highest on Tuesday was 104.33, as would have been unable to break the boundary on Monday, and the bottom at 103.74 represented the refusal. There is no technical case for a reversal requiring a reasonable foundation within the channel.
Stocks Above 150d MA Reflected on an SPX's chart, Bad for Bears!1/NYSE Stocks Above 150d Average Index "MMOF" Reflected here on SPX.
2/This is a confirmation that these high readings happen at the beginning of new grand cycles !!!
3/Between lines no big corrections Just 9% pullback, let see with covid-19 what happen !!!
GBPUSD SELL SETUP EXPLAINED GBPUSD has turned bearish on the consolidation resistance is near to break below. Covid situations and Brexit agreement complication is a hurdle for bulls to clear. Bais has turned negative and a sell trend is ready to hit 1.31500 again.
GOLD MOVED HIGHER - WHAT'S NEXT After falling to the 1760 level, Gold sharply moved up 1400 pips straight. Retracement level is holding a supporting at 1880, bulls are intact and eyeing to stay above 1900, psychological level until unless see get dramatic news out for Gold.
AUDCHF Trade Setup 12/13Hello traders if you like these posts please like and share.
Goodluck and trade with wisdom.
VIEWShort nifty only when 15 min candle closes below 13399.30, short with future. Today's trend looks downside to me. The best will be shorting call at the upside. because premiums are high buying options is risky. you can do scalp trade in bank nifty because 30 min trend line is already broken. Short bank nifty if 15 min closes below 30346.50. for 250 points downside.
GBPJPY Trade Setup [12-7]Hello traders if you like these posts please like and share.
Similar zone from September, also in 4 hour time frame, clear divergence. Looking for sell setups. if price breaks above trend line and close.
null sells.
Good luck and trade with wisdom.
