Daily Checklist Before The Market Opens | Sep-27 2021Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 3 out of 6.5
2️⃣Buy and Sell UFOs
🛸Sell UFOs: -
🛸Buy UFOs: 71.48-69.39
3️⃣Options IV: 34.01%
🚀Daily Expected Move: ±1.61
🚀Weekly Expected Move: ±3.53
🚀Monthly Expected Move: ±7.36
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 8 out of 6.23
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 1866.0-1804.4
🛸Buy UFOs: 1739.4-1718.5
3️⃣Options IV: 16.44%
🚀Daily Expected Move: ±18.10
🚀Weekly Expected Move: ±39.85
🚀Monthly Expected Move: ±82.95
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 7 out of 4.83
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 95.375-94.775
🛸Buy UFOs: 92.880-92.310
3️⃣Options IV: 4.82%
🚀Daily Expected Move: ±0.28
🚀Weekly Expected Move: ±0.62
🚀Monthly Expected Move: ±1.30
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 7 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 57975.0-54500.0
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 86.90%
🚀Daily Expected Move: ±2392.08
🚀Weekly Expected Move: ±5265.93
🚀Monthly Expected Move: ±10961.90
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Trend-analysis
Big goals like 140%?🔵 Point Blue for entry so two points for entry and averaging subtraction
🟢 The green dot indicates the profit margin and goals. Do not forget to save profit
🔴 The red dot is the loss limit, stick to it (you can lower the average there, it is a condition)
Most currencies experience a fall after entry, if we can find the best entry price we will have a lot of profit. If this currency can break the line and be approved, it will be great.But nothing is certain, so be careful with your capital, and stick to the loss
Long USDCAD _ Money MangmentI love trading here is like a diary to record my life.
Financial markets are as high and low as our lives.
You can use my knowledge, but never trade my data alone.
In this category of videos, I only provide technical analysis, so not all factors are taken into account.
Technical + Basic + Board Reading + Market Psychology + Share Psychology
Patience or Maintenance or Buy or Sell
CADJPY SHORT - My trade of the week!We are expecting JPY strength after a strong bear run for JPY last week.
We can see on the 4H the clear ABCDE correction here, expecting to top out at one of two strong resistance levels (marked on chart).
With this combination, we can expect to have a high probability of a short on this pair!
We may well see either:
a.) Slightly higher test of resistance in the final phase of correction - will need to monitor
b.) Earlier than expected drop - a safe entry would be when we see price fall through the base of the correction channel marked on the chart.
Like what you see? Please show some love and hit the like button. Do you have any comments? It would be great to hear from you!
I prefer quality over quantity, and provide one strong idea a week.
This is also the way I trade - but I keep those best ideas to myself for now.
Good luck!
DrBearForex
BTC MARKET ANALYSIS 8.9.2021Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels.
Bitcoin started a major decline below the $50,000 and $48,500 support levels.
The price is now trading well below $50,000 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is correcting losses, but the bears are likely to remain active near $48,500 and $50,000.
Bitcoin Price Recovers Above $45K
Bitcoin price failed to clear the $53,000 zone and started a major decline. BTC broke the key $52,000 support zone and the 100 hourly simple moving average to into a bearish zone.
There was also a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair. The pair even declined heavily below the $48,500 support zone. Finally, there was a spike below the $45,000 support zone and the price tested the $42,000 level.
A low was formed near $42,000 before there was a recovery wave. The price climbed above the $45,000 resistance. It broke the 23.6% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low.
An immediate resistance on the upside is near the $47,500 level. It is near the 50% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. The first major resistance is near the $48,500 level. A close above the $48,500 level could pump the price in the near term. The next major hurdle for the bulls could be near the $50,000 zone.
More Losses In BTC?
If bitcoin fails to clear the $48,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level.
The first major support is near the $46,000 level. If there is a downside break below the $46,000 support zone, the price could extend its decline. In the stated case, the price could test the $43,500 support.
USDMXN In August the Mexican peso weakened from 19.848 to 20.071 against the US dollar. Economists at MUFG Bank expect MXN to depreciate from the 4Q onwards amid tapering cycle in the United States.
Mounting COVID-19 cases and deaths with Delta variant, and sluggish vaccination rollout in Mexico
“Assuming that FED tapering starts later this year and it will carry on at a gradual pace during next year, we see room for moderate MXN appreciation in the near-term as market fears over more aggressive tapering ease.”
“However, the pace of MXN appreciation tends to be limited by the more concerning COVID-19 scenario in Mexico. The pace of vaccination continues to be sluggish, the number of cases is at record levels and deaths have been increasing as well.”
“We now expect the MXN to be at around 20.150 at the end of September.”
“From 4Q onwards, there is room for gradual MXN depreciation driven first by the beginning of Fed tapering, followed by the expectation of the FED funds rate hikes that might start later next year/early in 2023.”
SQ consolidation (Bull Flag), above 247 could go to 270-280. Getting a lot of hints in the news about Square's future. Could drive the price back to 270-280 area in 2-3 weeks.
Also, seeing a bull flag pattern on the daily chart.
Target - 270-280
Entry level - >247
Stop-loss level - 233.80
Position - 5% of the portfolio
BUY NZDCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price given a breakout and done its retest.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
XRP analysis based on Ichimoku systemIt is just an analysis. Do your trade with your plan.
For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen.
Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance.
Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us:
most probably there is a down trend .
The specified channel as well is showing a descending trend.
price at 0.6070 is first support level after it the lower line of channel is the next support level(price at 0.5860)
The only thing that may cause the price change its way to up is empty hole between two clouds
CADJPY Dynamic S/R| Swing High| Price Action| Trend Evening Traders,
Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- Swing High Objective
- Low Volume
CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent.
The swing high is the current objective, exceeding this level increases the probability of a trend continuation.
The current volume profile is below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Bullish NiftyNifty has reached it's all time high!
*Trade Confirmations*
○ Breakout with good volume
○ Big green candle during the retest.
○ Ascending triangle pattern formation.
○ Retest is most important time.
○ Taken support in the exact intersection of resistance and support.
○ Nifty could reach 15800 all time high in a short term period
○ Risk to reward ratio is 1.2 and it's great!
*Trade setup*
○ Target - 15800 (Even 16000 with extra risk)
○ Stop loss - 15390
Thank you for viewing my ideas and analysis
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :)
XAUUSD - 1H - SUPPORT/RESISTANCE- LONGUSD is in retracement mode, considering that XAUUSD is likely to fall till the next Support (previously resistance).
We'll wait for some consolidation and look out for divergence to enter our trade.
If you like clean analysis like this please follow for more.
Happy trading.!
GPX Strategies Analysis GP Strategies Corp (GPX)
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds under the radar stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
We have had eyes on GP Strategies Corp for some time now. We're tackling this bad boy by buying dips from the $14-$16 range, and have set our first take profit at $19.5.
Let us know what you guys think below and subscribe for more!
US 30 - DAY TRADE VIEW US30 - As per the parallel channel it's coming back from the resistance level and further downside is expected here. I have drawn a path to follow.
Go for short sell here at current price 34260
Potential down side target 34050
Maintain stop loss around 34450
Friends, do like the analysis and share with your friends, Write in the comment section if you have any question.
also, write if you want analysis on any other asset.