Can We Continue Up Or Return To The Trendline?Wow! What a nice trendline bounce we had last week! Looking for some more action this week by seeing if we can keep the bullish pace up to the monthly level or make a return to the weekly zone, but this time to break through the trendline and let the bears take over. Now I am seeing a potential double top trade for the short when we reach the first bull tp. But let's see how things play out.
BULL TPS:
• 1779.64
• 1789.82
• 1805.30
BEAR TPS:
• 1760.44
• 1754.14
• 1739.48
• 1725.92
Weeklyanalysis
WEEKLY ANALYSIS USDCAD DAILY TIMEFRAME (LONG!)Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading!
USDCAD outlook. Last week, price has finally broke above the monthly resistance and retested EMA 55. After price retested EMA55, often time, price would reject EMA and retest the nearest price structure, for instant, the monthly resistance, which potentially turn into support. Therefore, we will be looking for long opportunity at the monthly resistance area.
Entry Price: 1.3660
SL: 1.3616
TP: 1.3856
EURUSD WEEKEND ANALYSIS! DAILY CHARTGood day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead!
Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well.
Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday.
Entry price: 1.11788 (Sell limit)
SL: 1.12049
TP: 1.10778
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears.
If it decides to shoot up sooner than later, that means a pullback is complete.
So I am waiting it out until it hits a zone to determine the next trade.
Here are your TPs:
BULL
• 1.24148
• 1.25035
• 1.26229
BEAR
• 1.23033
• 1.22306
• 1.21150
Looking Bullish To Start Off The Week After PullbackBack from a brief hiatus due to illness.
So let's continue.
Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week.
So this is why you're seeing two directions indicating where the short may happen. If the Coronavirus readings get worse here in the U.S. (and it's looking like it will be), we'll be bullish all week.
So here are your TPs for now:
BULL
• 1754.14
• 1779.64
BEAR
(from the weekly area)
• 1739.48
• 1733.84
• 1722.97
• 1701.69
Weekly Analysis DXYThe Dollar Index is in a corrective Phase.
WOS: Sell
Trade: Wait !!!
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Weekly Forecast: EURUSD Retracement after bullish uptrend.EURUSD finally found support near the top of previous high after an uptrend lasting almost a month.
With such a large movement upwards, we could expect price to retrace lower before finding a direction again.
This week, we could await short pullbacks to sell EURUSD, or conversely, await price to find support at previous demand zones before buying EURUSD again.
ETHUSD - ETHEREUM - SHORT - SWING - Analysis - Daily -ETHUSD - ETHEREUM - SHORT - SWING - Analysis - Daily -
We have a major Bullish trend on the Daily, H4 & H1 charts, but we have also different bearish divergence signals
on technical Indicators that tell us that the market could make a Bearish Reversal.
We consider entering short on the trend line/ Resistance zone. .
Our first target will be 0.50 Fibonacci Level and second target -0.236 Fibonacci Level.
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Entry: 248.00 | Stoploss: 258.75 | Takeprofit1: 201.25 | Takeprofit2: 152.50 |
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EURUSD - Weekly Analysis - H1 - Bullish Continuation TrendEURUSD - Weekly Analysis - H1 - Bullish Continuation Trend
We have a still a Strong Bullish Trend on the Daily, H4 & H1 chart.
Price is in Bullish Trend and we are expecting Trend Continuation and we will consider
entering long @ a pullback on the Trend Line and 0.618 Fibonacci Level.
Our target will be the -0.236 Fibonacci Level.
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Entry: 1.1265 | Stoploss: 1.1230 | Takeprofit1: 1.1335 | Takeprofit2: 1.1415 |
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CL1! - Crude Oil - WTI - H1 - Weekly Analysis -CL1! - Crude Oil - WTI - H1 - Weekly Analysis -
We have a major Bullish Trend on the Daily, H4 & H1 charts, price has broken the resistance
level 37.50 witch is becoming a Support zone.
This is a significant sign that the Bulls are leading for the moment, so we will be looking for a Long entry @ 37.50$
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Entry: 37.50 | Stoploss: 37.00 | Takeprofit1: 38.75 | Takeprofit2: 39.75 |
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US30 - Dow Jones - YM1! - H1 - Weekly AnalysisUS30 - Dow Jones - YM1! - H1 - Weekly Analysis
We have a Major bullish Trend on the Daily, H4 & H1 chart, price broke a Key Level 26500
Until this level holds we will be looking for Long entries until we have a bearish reversal signal.
We are waiting for a little correction on a key level @ 26675 before to enter Long.
Our first target will be the 0.236 Fibonacci Level and second target will be the -0.236 Fibonacci Level.
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Entry: 26675.00 | Stoploss: 26525.00 | Takeprofit1: 26975.00 | Takeprofit2: 27500.00 |
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GBPUSD - Weekly Analysis - H1 - Bullish Continuation TrendGBPUSD - Weekly Analysis - H1 - Bullish Continuation Trend
We have a bullish Trend on the H4 & H1 chart and price have made a bullish breakout above 1.2600.
Until this level is not broken we will be looking for long entries until we have a solid Bearish reverse signal.
To consider entering long, only when we have a bullish breakout above the 0.236 Fibonacci Level
and price makes a pullback and this level hold as Support then we can enter Long.
Our First target will be the 0.786 Fibonacci Extension Level and Second target the 1.272 Fiboacci Extension Level.
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Entry: 1.2687 | Stoploss: 1.2662 | Takeprofit1: 1.2747 | Takeprofit2: 1.2800 |
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US30 - Dow Jones - YM1! - H1 - Intraday AnalysisUS30 - Dow Jones - YM1! - H1 - Intraday Analysis
We have a Major bullish Trend on the H4 & H1 chart, we are waiting for a little correction on a key level @ 25250 before to enter Long.
Our first target will be the 1.618 Fibonacci Level.
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Entry: 25250.00 | Stoploss: 25100.00 | Takeprofit1: 26100.00 |
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Was This A Giant Pullback Or Bullish Momentum?Will the lower low stay intact or will the USD take over and make this pair keep dropping? If the USD takes over, it'll have to break the trendline to confirm the bearish momentum is still intact. So if we return to the trendline, this is what I'll be looking for: a continued drop to the monthly 1.18937 zone.
BULL TPS:
• 1.24148
• 1.25035
• 1.26229
BEAR TPS:
• 1.23033
• 1.22306
• 1.21150
• 1.19224 (this is a stretch TP)
Have The Bulls Taken Back Over...Completely?Last week, Gold broke the overall downtrend to begin another bull run. So now we gotta see will this bull trend Continue back up to the weekly zone around 1757.72 area.
I'm actually wondering if we can break that zone if we make it back up there. Right now, I wanna see if we will retest at the daily 1722.97 zone for continuation, or will take another plunge.
So we are trendline trading this week again ladies and gentlemen. Let's enjoy the ride.
BULL TPS:
• 1733.84
• 1754.14
• 1779.64
BEAR TPS:
• 1722.97
• 1701.69
• 1686.70
What Goes Up May Be Getting Ready To Come DownIf you have a little patience with this pair, it's actually forming still forming the W second leg. The bonus? When it's done, we will have a possible bearish harmonic setup for the short.
The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone.
As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone.
It should be an interesting trade this week.
BULL TPS:
• 1.53790
• 1.54582
• 1.56354
BEAR TPS:
• 1.51820
• 1.49809
• 1.49015
Is This Week In Favor Of The Bulls? Depends On The WeeklyThis did not beat the last lower high, so waiting to see if what will happen when price decides to make a return trip to the weekly 1.66128 zone.
Just going to play this out zone to zone for now and see if this is a continued bearish trend or not.
BULL TPS:
• 1.67637
• 1.68857
• 1.70101
BEAR TPS:
• 1.66260
• 1.64795
• 1.63299
NEXO Finding Support On Long Term Weekly Trendline + StrengthCrypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
Higher Low Possibly Getting Ready To FormGA is hovering over the daily SR zone, but it looks like it may getting ready to do a higher low before continuing on a new uptrend. With the big nosedive it took, not sure how high it can go. But I'm gonna enjoy the ride either way.
BEAR TPS:
• 1.94116
• 1.93353
• 1.92369 (where I believe the higher low will complete for continuation)
• 1.91329
BULL TPS:
• 1.95087
• 1.96401
• 1.98068