QQQ Very Strong Bull Run ContinuesThe overall market and we know is on a real knife edge. I currently do not hold a weekly position in QQQ which I'm kicking myself for right not but there you go. My general approach to the market right now is taking buy positions on the weekly chart buying after the dips and looking to close at the end of the week to avoid dips that may become crashes.
Trend-following
DOW JONES - Don't Sell Now! - video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US30, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots)
The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure)
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
S&P - US500 video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NZDUSD potential sell setupon DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes.
on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell.
*Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward.
Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
EURSEK potential bullish reversalon WEEKLY: EURSEK is overall bullish making higher highs and higher lows, and it is currently sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes.
on H1: price formed an objective wedge pattern in red, so we are waiting for a momentum candle close above its last swing standing to buy.
we also have divergence on MACD adding more confluence to our setup.
AUDJPY - Daily LongTook this long trade right before the daily close. Most of my analysis is on the chart itself.
Making higher lows and we just made a higher high - indicators showing good momentum as well.
SL is 1.5X the ATR
TP1 is 1X the ATR
TP2 high up there and I will manage this as it plays out.
Downward Channel On Daily EUHello Traders
Time for tactical trading Tuesday!!
Today i wont be publishing projections as this is a daily setup and prices could deviate a lot.
But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel.
I will be updating with entry levels.
No fundamentals in sight supporting euro in the near future best bet is trend following at this point.
Always place stops and manage risk according to plan.
Trade safe Trade well
A2 Milk - Confirmed H&S I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern.
This week we had a confirmed breakout of the neckline, here is my complete analysis.
Price has fallen and closed below 30EMA (weekly).
Price has fallen and closed below 200EMA (daily).
CCI indicator(daily) is reading 222, which is a sign of strength to the downside.
Mansfield Relative Strength (XAO)(daily) is below zero showing A2M is under performing the All Ords.
Price has closed below Neckline of Head and shoulder pattern for 2 periods (confirmation).
Target price on the down side is roughly $10.7, using a 30EMA weekly as exit once price closes below on weekly time frame.
If you enjoyed this idea, please subscribe for more technical analysis in the future.
Disclaimer - This in not financial advise and may not fit your financial needs, do you own analysis before investing any of your money or seek advice from a qualified financial advisor.
Clear Breakout Trade Plan On UJHello Traders
Back with another tactical trade plan
Today we take a closer look at USDJPY that has just broke out from an uptrend momentum.
The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment.
Here my entry point is based on the retracement on the break out point.
If there is further spill this trade idea will be rejected so further downside without any retracement whatsoever is also a possibility .
We are expecting things to play out in the exact same way as the trend lines and arrow projections indicate otherwise the trade plan will be cancelled.
Traded safe trade well
Still solidly bullish! BTCUSD Set stop to 6640I'm still solidly bullish after milking this trade all day with astonishing leverage
Since the run has started to show some slowing I've halved my leverage and widened my stop to cater for possible retrace and continuation.
Has anyone else had a mad time trading this?