SPXWe had a nose dive earlier.
Broke and closed below support but, couldn't hold.
Instead of retesting it as resistance, it broke back above and rejected the same level of support.
Zonetrading
XAG USD update - pay attention to 19.5 - 20 as a supplyHello traders & analysts,
Here is out latest update for Silver . We are bullish and would like to share our out look for the next opportunities which can take place.
COT data:
78,746 longs 65.6% 41,145 shorts 34.3%
46.5 24.3 for open interest
Technically what has happened?
Price was severely undervalued and silver is an important commodity to use for manufacturing sectors.
Commodity currencies rely on this as an export factor e.g. CAD, AUD, MXN, ZAR , RUB, NZD.
We had a great wedge pattern where we entered on a nice engulfing daily candle which broke to the upside.
Price has hit a nice supply zone at 18.3-18.9 zone.
The price in this area can reject and retrace which is an option we are looking for; however keep in mind the bullish structure, price has alot of upside potential.
If price rejects, we will look for a nice clean break from the zone and hedge.
Fundamentals:
Coronavirus re-opening of industries and subsequent purchase power of retailers.
Fear commodity but less attractive than Gold and platinum.
Cheap metal but gains are very high and attractive
China vs USA trade war
Australia vs China mini trade war.
Mexico has large coronavirus numbers but largest producer of silver .
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
*EURGBP* breakout analysisFor this trade i am looking for a breakdown of the minor zone below before getting a 3 bar reversal or bearish engulfing for entry,and at the same time look for a lower low and close as that would mean the trend will continue downwards.
*CADCHF* trend continuationi expect a breakdown from the minor zone before a small retest and a signaling bar example(3 bar reversal or bearish engulfing ) before making an entry for the continuation of the trend
XAU to 1900 topHello traders & analysts:
the ceiling target is 1900 - 1920* - 1920 is the full retracement back in 2011 the all time high for XAU
We have already surpassed our 0.705 level. If looking at entries, await a pullback by using the Fibonacci level on the daily, 4 hour to align your levels. This will give key areas to buy from.
during the channel or accumulation range - . Refer to this as the trading range - notice how the range shows indecisiveness on the daily timeframe very easily giving no clear direction. However within the range it is possible to get a great opportunity to find a 'low' buying price or get a strong 'sell position'.
Now we have an impulsive swing -
fear is causing this due to COVID 19 - first or second wave
stimulus package - free money printing creating an infinite supply of debt
Pairs to watch for correlation
DXY
GBP JPY
USD JPY
Do your own research before entering - Gold moves different to many other pairs.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
*NZDUSD* breakout analysefor this trade i would require the price to break either 1 of the nearest zone and restest before longing or shorting,A good area to take TP would be the zone after the zone that broke recently.Let me know what yall think
BajfinanceI'm Novice, experts please correct me if I'm wrong.
On lower side: 2730
Upside target: 3300+
GBP NZD currently shortLong term we will update with our long bias, however the sells are still looking to test the weekly and monthly zone this week.
Technicals:
Downtrend - rejection of monthly supply
Daily in a weekly and monthly zone -
demand could be a potential
swap zone as the zone underneath is a setup for a strong fresh touch of demand.
However, the GBP is weak,
so is the NZD over 13AVG weeks
GBP NZD AVG weekly COT Report, Non commercials:
Short: 43,607
Long 31,477
Previous week report:
Short 29,654 62%
Long 48,170 38%
NZD USD
Short: 11,705 67 %
Long: 24,107 33%
Short: 16,174 50%
Long:16,189 50%
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
Many thanks for your support to our existing and new followers. Take care out there.
Thanks,
Team Lupa.
GBP/JPY SHORTThis pair has been making LH and now it is at an important support level and I'm hoping for it this week to land at my final projection of 129.667. As of now I don't see confirmation as of yet to go bullish other than possible counter trend trades no key areas have been broken to go bullish, That could change and we will practice patience and wait for what the market gives us and move accordingly.
USDCAD IDEA...USDCAD, as we're in an overall downtrend,
and now the market managed to make an H&S on strong resistance,
we might see a possible drop from now, but the pair could fluctuate around the current zone!
Let's be patient! Right now we have two option to open a trade right now or to wait for the market to reach a better price.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
SPX500 INDEX WEEK JUNE 22nd UPDATEPrice decided to break the previous lows and make its way south. Orders will be waiting at the respective fib levels marked on the chart. If that's the case, we are witnessing a change of structure.
US Oil | TF: H4 | BearishThe daily resistance is provided here, as it is currently in effect via the current downtrend momentum. Hourly support is likely to cause a minor uptrend after the pullback occurs. Monthly support is then provided below the hourly support. This will most likely shift the trend at that time into an uptrend.
GA long update - officially longLong activated as per previous -
Waited for the double bottom to occur.
technical
fresh touch of the demand after a long rally down drop base drop scenario
on previous touch - strong engulfing candles to the upside, similar pattern here
bearish technical - was oversized head and shoulders
Long term - Aussie will lose momentum with a risk off scenario
If you like our work and updates -
Leave a comment and like.
Good luck and enjoy the trade.
If you like our swing trade work, please leave a like and or comment.
Thanks,
Lupa
A zone is a zone until it has been cut throughAlways have a plan and stick to it:
- A zone is a zone until it has been nullified
- Don't chase trades, you only end up increasing your risk
Here on $EURAUD I managed to bag a bunch of pips on playing zones, but initially lost out because I moved my stop too early on my second lot (corrected this on later trades to allow my trades to run to targets), and didn't re-enter because initially the zone had been used (once again corrected this on later trades to allow me to profit from it)
BITCOIN BTCUSD WEEK OF JUNE 21 2020 TRAPPED IN A 2K RANGETake a look a the range where BTCUSD was trapped weeks before (the one on the left). Its similar to the one we are experience up to this current week.
Also, take note of the days it took before leaving this trap zone. We'll wait and see.
Nifty from 22 June 2020Nifty is at support zone .. and showing double tops pattern. . .
previous candle are momentum candles ... these double tops candles can be considered as base candle therefore if nifty open above 10330 and shows upside move then they will be considered the next momentum candles ---
-------
Every Advance zone structure ... will always come back to the break limit zone ( 10285 - 10330 ) after the new momentum candles confirming the future uptrend
AUDCHF, BREAK AND RETEST STRATEGY , JUNE 19 1HrWait for price to breakout at either end then returns back to the broken zone. Wait for the confirming candle before entering !!
2 % Risk management rule
Move SL up when in deep profits
SiFi4X Trade Setup While I am still bearish on the USDJPY I can see a short-term scenario where this pops up to test 108.00 again. Buy stop coming out of the 107.00 SiFi4X Zone will be there just in case. Losing this 107.00 zone though is a long road down with the first stop at 106.00 (the next psychological zone). It hasn’t been there in a little over a month.
This is a set it and forget it setup. Right now it is settling in the zone and will test one side or the other. Buy and Sell stops set to explode away from this level.
My MT4 EA will manage the trade and move my stops to break even and lock in profits at various levels. I don’t see it staying in this box long once it begins to move.
GBPNZD Will price bounce in our bullish zone? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
AUDNZD Price has dropped right into our make or break zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Ba 15min outlookI'm leaning more to the long side of BA. go short if we break $200. but as of right now we are building support in order for us to retest that $218 level again
