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Trendcontinuation

GBPUSD > Trading Plan for BuyAnalysis on #GBPUSD the market last week respected its previous low exactly near 1.3600 as I explain in my previous analysis, and as you can see the market moved with force to the upside, it is still early to see if the market will continue to the side but there are signs to show the market will move to the upside. if the market breaks its previous high of 1.3740 I will then I will start looking to use one of my trading continuations strategies to get in a buy trade. like and comment will be hugely appreciated, thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
Long
by TheTradersAvenue
8
EURAUD > Incredible Trend Following Opportunity!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #EURAUD fantastic trending market as you can see on the chart, now testing the trendline support. watching the market for rotation pattern before getting in a buy trade. Thank you so much for your support. Check today analysis below⠀ >>“ Success is where preparation and opportunity meet." TradingAxis
Long
by TheTradersAvenue
10
ETH USDT: BUY Signal @ 3195Hello All, hope you are all doing well. Happy Monday! Welcome to today's "Aglogains - Daily Trade Series" ETH USDT has pulled back to a major level of support on the 1HR time frame and once in this region we are looking at the lower timeframes, for an entry signal towards the buy side expecting a trend continuation to the upside. Important support zone: 3222 - 3149 On the 5 minutes time frame we have seen a double bottom, that was formed, followed by an engulfing candle which gave us our entry signal at 3195 Entry - 3195 Stop Loss - 3146 Take Profit - 3263 Will keep you posted on the progress of the trade. Do let me know in the comments section below what are your thoughts on the market today?
Long
by Nihanth_Aglogains
2
AUDUSD | Perspsective for the new weekThe Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this regard, I am anticipating that the Aussie might turn bearish in the mid-term on a break below $0.73300. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. The Demand zone which has held price "supported" since the beginning of the year 2021 was finally broken to the downside in June/July 2021 to set a bearish tone on the market. ii. The line drawn above pivot highs is a visual representation that reveals the prevailing direction of price action since May 2021 and it appears price will continue to respect this line considering the current market structure. iii. This been said, it is pertinent that I state here that the early hours/days of the new week might see a price climb to test either the Trendline (forming a Double Top) or extend beyond to reject Key zone at around $0.75300 and $0.76000 (61.8% retracement of Impulse leg) to incite a risk of further decline in price. iv. And it is possible that this declination might transpose into a Harmonic pattern (AB = CD) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C is currently at a 50% retracement with the possibility of extending into 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B leg @ around $0.68800. v. So, at this juncture patience is indeed required as the market open will help us determine when it is most appropriate to hop in the decline train. NB: Below Key level appears to be the safest area to take on a short position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD | Perspective for the new weekMy last speculation saw the price move over 150pips in our direction before the bulls took over ( see link below for reference purposes). Since breaking above the $1.25000 level in July 2021, I am labelling this level to be a very strong demand zone for the Greenback considering that the obvious that it has held price "supported' in the last couple of months. Since the value of the Loonie is directly connected to the oil situation. It is important to take into consideration that oil inventories are currently down from what they used to be prior to the Covid-19 pandemic. Coupled with the Hurricane Ida situation, there is more supply than demand which could have a negative impact on the Loonie in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline Observation: i. Since hitting a peak @ $1.29500 on the 20th of August 2021, the price of USD have tumbled drastically and it is finally at our Demand zone. ii. The visual representation of a line drawn under pivot lows reveals the prevailing direction of price since June 2021. However, a sudden Breakdown of this Trendline (whatever way you draw your line) during last week trading session cast some doubt on the Bullish tendency on this pair. iii. At this juncture it is indeed appropriate that we remain patient and observe how price reacts to the Major Demand zone @ $1.25000/1.24200 area for confirmations. iv. To support my Bullish expectation on this pair, I shall be looking for rejections or engulfing candles off of the Key level @ $1.25000 (above key level - safe haven) in the coming week(s). v. Should price drop below Key level, then this will make the Breakdown of Bullish Trendline valid. Hence, a retest shall give me no choice but to switch bias in support of the Bears... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Livent Corp. $LTHMLivent Corp. aktuell mit starkem Momentum und Zug nach Norden. Die Candlesticks zeigen ein starkes Kaufsignal. --> $LTHM Livent Corp. beschäftigt sich mit der Herstellung von Hochleistungs-Lithiumverbindungen. Zu den Produkten gehören Lithiumhydroxid in Batteriequalität, Butyllithium und reines Lithiummetall, die in verschiedenen Leistungsanwendungen verwendet werden. Sie ist in den folgenden geografischen Segmenten tätig: Nordamerika; Europa, Mittlerer Osten und Afrika; Lateinamerika; und Asien-Pazifik. Das Unternehmen wurde am 27. Februar 2018 gegründet und hat seinen Hauptsitz in Philadelphia, PA.
LLong
by TommyTrading
GBPAUD > Simple Structure Support Trade, Very Important Level.Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #GBPAUD this simple structure support trade near a very important level where the market tested the zone 6 times before which is usually what I would like to see. waiting for the market to come and test the zone and show me a reason it is reversing to bullish before I get involved in buy trade for a good risk to reward trade. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
by TheTradersAvenue
7
GBPJPY > A Possible Trend Continuation Setup!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #GBPJPY While I was doing my review I noticed the Yen getting weaker across the board, so I am looking for a chance to sell yen. Looking at the chart here, you notice the market violated the resistance structure level, waiting for candle close and if the market closes above this level it will then turn to a support level that we can use to find a possible trend continuation setup targeting the next level of resistance. if the breakout did not happen the idea is not valid just yet. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
by TheTradersAvenue
4
EURJPY > Possible Trend Continuation Trade!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #EURJPY. the market looks unwinding some of the moves from last week, still, the week is fresh but lets us keep watching. the market is still in a downtrend and I can look to sell if the market comes and test my resistance structure level also trendline resistance near 129.600 for trend continuation trade with a good risk to reward trade. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
Short
by TheTradersAvenue
8
AUDUSD > Bearish Trend Continuation Opportunity!!Friends I am overwhelmed by your generosity, thanks for the likes and comments, thank you for being so giving and kind, not many people have the virtue of generosity. Analysis on #AUDUSD following up only analysis on NZDUSD as you know these two pairs usually move in unison. here we have a chance for trend continuation opportunity if the market comes and tests previous support level now turned to a resistance I will then look for a valid reason to get in a short trade targeting the next level of support near 0.7000 market key level. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
Short
by TheTradersAvenue
7
3H - Possible wave 3 Setup, ready to move?Good morning traders and happy weekend! I hope you are all doing well and have a great weekend! I didn't catch C98's first pump. I waited to see what it was going to do after. Last night I threw on some fib measurements when I assumed the first wave was done. Looks like wave 2 closed about the .618 fib and we've started to move up. White lines indicate we are seeing a bullish trend continuation. Lets hope it stays that way! There's not much above that would prevent upward movement!(IMO) Lots of volume going through this new token right now! Price movement is fast. Be sure to take that into account if you use stop loss. The solid yellow lines are apart of the VP-Period Indicator and they indicate strong points of resistance based on the volume. Currently battling it out over the $1.5 resistance and then we'll need to make it above the $1.6 for the next big push. NFA & DYOR
Long
by Erialos
ETH USDT : Impulsive move or Pull back to previous levels?Hello guys, hope you are doing well. Welcome to today's market analysis as a part of "Aglogains - Daily Trade series". Ethereum is stuck in a range between 3200 - 2900 for the last 2 days, it looks like the market is consolidating here for a while given the fundamental news (US Infrastructure Bill) and other market factors. Here are the two scenarios that could play out: 1. Either we need to see ETH breakout to form a new higher high and close above 3200, to confirm the continuation of the uptrend. 2. ETH could pull back to 2990 - 2900 levels to retest the support. I suggest we wait until one of these scenarios plays out , if it does, here is how we can prepare to take advantage of the move. Scenario 1: If ETH does breakout of 3200 with an impulsive move towards the upside confirming the continuation of the uptrend then, I would look for buying opportunities on the pullback @ 3160 - 3200 Scenario 2: If ETH goes down to the 2990 - 2900 levels to retest the support, I would pay close attention to any wick rejections or bullish engulfing candles to indicate buying pressure at these levels and enter a long trade here. Let's see how the market plays this one out. Do let me know if you have a different way to leverage the current price?
by Nihanth_Aglogains
GBPUSD - Time to let the Divergence runHi Traders! The market broke out from the weekly Trendline. After that, it consolidated and now, it is retracing back. During this Retracement process, the hourly MACD shows as strong Divergence. In addition, we now have a consolidating Range, where we also have a potential Lower High. Furthermore, the Retracement Trendline (which can be expanded to the left) could serve as an Entry Trigger. The Target is the "Area of Control" of the Fixed Range Volume Profile. As we are going to take Profit at this Zone, we have to check at which point the market could possibly turn. The "Area of Control" shows is in our opinion a good tool to check the Area from where the market could turn. If you have experience with the "Fixed Range Volume" tool and tips to share, let us know in the comments! Thanks and successful Trading :-)!
Short
by swissmoneymakers