GOLD (XAUUSD) Weaker and Weaker!!! What's Next???
Gold is becoming weaker and weaker.
lower highs are closer and closer to a yellow horizontal daily structure support .
this trading week the market was phenomenally slow and we didn't see even 1 strong bullish / bearish candle.
currently, it is better to stay away from gold and wait until the market will start moving.
I am waiting for a high momentum bullish / bearish candle to break either current structure support to the downside or the last lower high level to the upside to look for some opportunities.
for now just patience.
let's see how long the price will keep being paralyzed.
US
USDCHF | SWING - 11. Sep. 2020Hello my friend | Welcome Back.
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It is clear that it needs to move to the upside in case of weak resistance, it will rise with the same technical analysis chart.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
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USDJPY | SWING - 11. Sep. 2020Hello my friend | Welcome Back.
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It is clear that he needs to head towards the downside, in case he does not break the support, he will rise and break the symmetrical triangle with the same technical analysis chart.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
USDCAD: Overbought Market & Pullback
good morning guys!!!
completed harmonic bearish bat pattern on USDCAD.
pattern completion point is lying on a strong 4H structure resistance.
+ the price formed a nice dodji confirming the strength of the horizontal structure.
now bearish reaction is expected!
goal - 1.3175
USD Update 9.9.2020USD pairs have been a mixed bag, but the dominant theme has been USD strength. With our short term trend line broken and retested to the upside, expect more USD strength tonight. DXY could form a double top. The USD continues to be a choppy ride until some of their long term price levels are tested or broken. I'm watching the GBPUSD tonight. One more good push down and major up trending support could fail to send the pair much lower. As usual, I'll update if I see anything interesting.
USDJPY | SWING - 9. Sep. 2020Hello my friend | Welcome Back.
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It may head towards the downside to touch the support of the triangle, then it will head towards the upside to break the symmetrical triangle knowing it is likely before it reaches the support it will rise strongly and break the triangle.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
DAX-AN INDIRECT EVENT PLAY[US 2020 ELECTIONS;BLUE BULL|RED BEAR]The idea briefly explained:
Considering Biden's and the Democrats stance on foreign policy, probabilistically speaking the chances are, of fewer tariffs with US allies, as well as a more comprehensive and less volatile trade policy. Of course, this benefits Germany and the EU in general.
Hence, expecting that the US elections event to turn out as the wedge predictor of whether the current rising wedge in the DAX will have a bullish or bearish breakout. Additionally, the apex of the wedge occurs almost precisely at the time when the elections are held.
Bullish: If Biden wins, despite possible changes to the tax code (which won't be realized immediately), in either situation the target for the DAX should be close to 15000 for the first half of 2021.
The bearish outcome is Trump winning the elections , and I am not going to waste any words on how it has US foreign policy with the EU has worked out so far. The bearish targets in this case are 12500 & 12000.
Finally, COVID news in this case will be the noise of the current price action and the pricing in of the US elections. The bet is indirect because, you can just buy candidate shares. Instead, this ideas is trading on the elections outcome and how it gets priced in via another asset.
This is it for the DAX and US elections. Feedback's always welcomed!
-Step_ahead_ofthemarket
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Tesla - Sells valid - bull run over?Tesla sells valid with our strategy.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
EURUSD: Important Decision Ahead! Bearish Scenario Explained
hey guys,
EURUSD has perfectly closed on the support line of a rising parallel channel.
as it been said earlier, we still remain bullish biased until the market is trading within.
however, the market is clearly slowing down and we must consider that.
for that reason, we should be prepared for a bearish breakout.
here is your plan, that will help you properly trade a bearish breakout:
first of all, 1.178 is our last horizontal higher low level.
to avoid a false breakout, violation of the support of the channel is not enough!
we need a daily candle close below this horizontal support as well, that is what confirms the breakout.
then we can sell the retest of the broken channel.
the resistance cluster will be the expanding area between a horizontal higher low and rising support of the channel.
I would suggest looking for a confirmation signal within that area to short.
our goal will be 1.16 level based on a weekly structure.
p.s remember that it is a conditional trading plan.
I am not predicting a bearish breakout, but give you a plan on how to act if it happens.
good luck and have a great weekend.
USDCHF | SWING - 7. Sep. 2020Hello my friend | Welcome Back.
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It heads towards the downside until it retest the breaking area of the descending channel, and then it ascends again to the area referred to in the analysis.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD XRPUSD GBPUSD EURUSD XAUUSD
Ethereum Heading into a New Bear Trend till end of 2020Hi traders, I hope everyone is safe and healthy in these tough time. Here is the outlook for Ethereum for the next few months. Hit follow and like to show your support:
:arrow_forward: :chart_with_upwards_trend: Next level to consider rebuying some back if bullish is at $310-290 and $285-275 bottom of that broadening wedge where the bulls must try reversing it back up above $400 immediately to preserve the rounding bottom and bull trend :chart_with_upwards_trend: .
:chart_with_downwards_trend: Note that if we break that $285-275 support, then we may go in an extended bear market AGAIN unfortunately until end of 2020 after which a new bull market would start Q1 2021 which is a substantial delay again due to the US elections and US economical/pandemic mismanagement/incompetence of Trump's presidency.
If the bear trend confirms, then I do think we find a bottom on ETHUSD and BTCUSD sometime September or October before the US elections and I am currently looking at $220-210 for a rebuy/relong longterm for that bottom after which we'd see ETHUSD recover back up mid October to November 2020 back above $275-285 similar to July-October 2017 action...
:arrow_forward: Overall portfolio management wise, it is best to flip 50% to fiat and 50% ETH longterm and just watch. If we regain $400s+ then we can consider reinvesting the rest. If those 2 years of bear market in Crypto taught us something new, it is effective and proper risk, portfolio and trade management and most importantly banking profit/cash and withdrawing that profit to the bank account and enjoy it. Do not take any long-term outlook for granted and always take profit, else we'd suffer continuous losses over the years at the mercy of the high frequency algos and CME institutional entities.
Stay safe!
EURUSD: Important Decision Ahead! Bearish Scenario Explained
hey guys,
EURUSD has perfectly closed on the support line of a rising parallel channel .
as it been said earlier, we still remain bullish biased until the market is trading within.
however, the market is clearly slowing down and we must consider that.
for that reason, we should be prepared for a bearish breakout.
here is your plan, that will help you properly trade a bearish breakout:
first of all, 1.178 is our last horizontal higher low level.
to avoid a false breakout, violation of the support of the channel is not enough!
we need a daily candle close below this horizontal support as well, that is what confirms the breakout.
then we can sell the retest of the broken channel.
the resistance cluster will be the expanding area between a horizontal higher low and rising support of the channel.
I would suggest looking for a confirmation signal within that area to short.
our goal will be 1.16 level based on a weekly structure.
USDCAD: Ascending Triangle & Long Trade
hey guys,
classic example of a trend following setup on usdcad.
the price is recovering after a shart bearish rally and we are now trading in a local bullish trend.
the price has just broken above the resistance line of the ascending triangle formation.
best entry will be on its retest, to catch the next impulse.
next goal - 1.3105
good luck!
USDJPY | SWING - 2. Sep. 2020Hello my friend | Welcome Back.
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***
The triangle may break the ascending to the downside, and if it is penetrated, the target is from the first point at which the triangle may be located. BTCUSD GBPUSD EURUSD XAUUSD
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
USD INDEX- Start of correction?USD is in a clear and strong down-trend and from the March 102 top, dropped around 10%. Although I think the USD weakness will continue in the long run, early sighs of a much-needed correction look to take shape.
Yesterday the market closed forming a Pin Bar and in the past two weeks, the drop was not so aggressive.
That being said I expect USD strength in all the majors and USD weakness should be bough.