USDCAD still following an upchannel, H4 MovementIntraday Update: USDCAD still following an upchannel, but only below the 1.2500 can we be sure the pair is turning lower out of the channel. 1.2600 is key resistance on the way up.
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BTCUSD | Bears made nice point...Hello Crypto traders!
Again, I still think the BTCUSD market is more bearish "Technicals".
I publish the few technical analyzes this week where you can see more professional view about how "BEARS time" is coming.
And in this chart, I just draw basketballer makes 2 point shot in baskets :) I mean This breakdown was so strong and important for this time.
Thank you for your timie ^^
Check other ideas to on my channel.
USDCAD TRADE IDEAPossible Divergence on UDCAD but expecting more downside move to the downward Market structure at 1.23500 Level and a break of that would take the market further downto test the 1.22500 Level. But watchout for a break of the upper structure @1.24217 possibly a retest of it, which would take price firstto the 38.2% or the 50.0% (1.25000) fibonacci level, and may continue upward to test the 61.8 retracement of the downward swing, @1.25500.
7.30.17 | AAL | Falling Wedge Break OutAAL looks like it has slightly diverged from its bullish breakout of a falling wedge. None the less Friday did close with a large bullish candle after a huge gap down divergent to the falling wedge pattern. Price has been trading with the support of accelerating fan lines and may have an overall target back to the lower support line. However oil this week looks like it is going to retrace out of a Rising Wedge which is going to be bullish for the Airlines. Also signaling a bullish retracement is the Stochastic Oscillator which has crossed over and trending out of Oversold as well as the Sentiment Zone Oscillator which has also bounced from Oversold and trending to break resistance of the 0 line. Confirmation of a breakout will be a bullish close on Monday, and increasing volume which is already on the rise as seen with the dashed trendline. The first target is drawn on the 31.8% line at about $31.50 | Place your stop just outside daily volatility or use the 8 EMA and place it just outside of that.
7.30.17 | DAL | Falling Wedge BreakoutDAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
7.30.17 | BAC | Falling Wedge Breakout BAC is running into a major support line as well as nearing the support of the Upward Channel Price has been trading in for the past few months. The Falling Wedge is tightened up and will not fit another day of volatility in it. Stochastic's is in a long term up trend, the Stochastic's RSI is trending out of oversold and the Sentiment Zone Oscillator is going to makes it's bounce off oversold. I am speculating a minor trend bullish breakout at the beginning of the week and a possible rally to the resistance zone at the top of the range for a corrective move based on the bullish divergence the Bank Stocks have had for the past two weeks. There is some bearish press in the News right now but with Warren Buffet recently becoming the largest shareholder of BAC I do not see a bearish outcome for this particular Stock.
8.2.17 | BAC | Target 1 at around $24.90BAC | Going into the market for 8.2.17 price has already traded to Gap up above a major resistance line and currently is at $24.49 at the close on 8.1.17, indicating a rally. Price has broken the confluence between the Fibonacci Retracement and Fibonacci Extension tool, indicating a further rally. It has also broken the 61.8% line on the Fibonacci Retracement which is indicating that price is going to continue to trade higher. I have a Target set at about $24.90 at the top of the Fibonacci Retracement (100% Line) use daily volatility to set your stop or if price starts to trade too far below the trendline, which has been drawn directing the bullish move.
8.6.17 | INTC | Short Trade breaking out of a Rising WedgeINTC | Price has formed a rising wedge and has already began breaking out. Sellers have had control of the market for the past two trading sessions closing each day bearish, which is the indication the bearish breakout of the rising wedge has started. A large inverted Head+Shoulders pattern (grey) is forming as an underlying pattern to the breakout on the falling wedge. The first target of the selloff is the .382% line and the second target is the .5% line. It is doubtful that price will close below the .5% line, however if it does there is a major support line that price will pivot on and reverse to complete the form of the right shoulder on the inverted Head+Shoulders pattern. It is highly recommended to tighten your stop at the second target. The MACD has started to indicate a pull back to its signal line, Stochastics RSI is starting to tick out of Overbought, and the Awesome Accelerator has already started selling back to the zero line. Enter on mondays open, and if you're using stop's set it using daily volatility and the 8EMA.
Bearish (previously Bullish) CADJPY over next 6 hours1. Strong support levels via big green candles near to level
2. We enter this trade slightly earlier (as we want to head to bed earlier than usual) while possibly getting the same returns over 8 hours.
Will update soon!
Eurgbp restest done make a tweezar top next target showing Eurgbp restest done make a tweezar top next target showing in chart soonn we see target done small risk big reward
USDCHF 1H Chart.Short ViewWant to find a good place to sell here , if price push up a nice place would be the 61.8% fib retr which is on the descending trendline. If it doesn't reach up there then i will look for the breakout.
Short EURUSD because the broke uptrend lineI am short in EURUSD to take 100 to 150 pips and then watch price action to take another entry. Wait for price action to enter with tight SL. Enjoy.
Downtrend EURUSD Potentiol Head and Shoulder??If we continue in the downtrend and don't break above the previous high we should see a retracement of up to 618 and a pullback to the downside of up to a -0.272 fib ratio.
USDJPY Trading Forecast for July 7, 2016Yen with one more move down towards 97 area. If price manages to rise up pass 106.00 area, then bulls are back.
FCX - Different perspectiveAs you can see , we need more price action to show us more clean direction.
