Good afternoon traders, DJI not looking good for those who are bullish. Looking at retesting previous support; however, based off monthly timeframe, their is nothing stopping this from dropping. Weekly timeframe has several areas acting as speed bumps but it seems we may be bearish for several months to come. This is just straight up technical analysis, those...
Good morning traders. Market will be open here shortly. Be very careful trading AUDJPY. Its at a very crucial point where if it breaks higher, it will move rather quickly. Look at what happened recently with AUDCAD. There is an OB unmitigated on the daily TF and might shoot higher before going all the way down to my target area. Hope this helps. Don't forget to...
Good afternoon traders! Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if...
Good morning traders. We are at a crucial point here on HIMS where we can see we drop range, drop again and it seems never ending. Well, even though we have been green for the last couple of days, I see another push down and will remain ranging into that area until we get a breakout. I personally believe these are super cheap prices for HIMS, noting that they...
Good day everyone! I am seeing a potential pullback on the 4hr timeframe. Looking at the daily candle close for confirmation and lower timeframe for possible reversal. Seeing an unmitigated zone on the daily timeframe, waiting on a pullback to that zone and look for potential reversal for possible selloff all the way down to the daily POI. This will take some...
Good morning traders, possible selloff on AJ on the daily. Liquidity has been taken from the upside, now we must be vigilant on how the daily candle closes and if any formations come with the move down. Possible double bottoms or wedge formation. This trade is only taken on the daily. FVG was filled yesterday. - AXY has been on a bearish trend for a while,...
Good morning traders. AUDJPY currently pulling back up and possibly retest the 90.500. It can possibly pull back to the previous lower high, before going back down. Wait for confirmation before entering. - Target I'm aiming for is 86.000 Hope this analysis actually helps. Feel free to follow and leave your comments below. HAPPY TRADING!!!
Good morning, everyone. Here on EURUSD I see a possible 100% retracement back to the previous candle before fundamentals dropped which caused that huge spike. This morning during London session, the market created a new high possibly trapping buyers who were expecting another breakout to the upside. I expect this to fall all the way back down, however, in order...
Good morning traders. For 4 separate occasions the market has gone up testing the previous high and shot right back down. For a 5th time we are closing into that 5th retest. Sell limit has already been placed, waiting to get triggered most likely today or tomorrow. Target is set several pips before the weekly support zone. Remember, don't get too greedy! ...
Good morning everyone, here is United Airlines on the monthly time frame. I will let you know right now, this is a LONG HOLD. That means it will take some time to reach target but the odds are looking really good. Expect some turbulence along the way up with some complex pullbacks, but almost all airlines are in a similar path. UAL, DAL including cruise lines...
HIMS approaching a crucial point since it is reaching the end of the descending triangle. I expect a breakout shortly, where BULLS will finally take control of this stock again. With only 1 year of this stock going public and 3 to 4 years of its existence, this company has huge potential and it is growing at a very fast pace. HIMS is facing major...
Is AMC nothing but hype or do you believe the market will rally up regardless of COVID. You see how I said rally and no recover right? AMC has pretty much never been this high even prior of COVID showing up. Sorry if you disagree, but only time will tell. AMC is at a crucial market structure point (resistance) and I am expecting a big drop coming. I expect AMC...
Hims has finally changed trend to the upside. Expect a minor pullback at it retest the new support area. Overall the market shall reach the next major zone which is $15.00. HIMS moves VERY slow so expect this trade to be a long term trade; however, market structure shows HIMS ready for new highs. Eventually it will reach its 52 week high at $25.00. Hope this helps...
Upward structure has been broken and now created a lower low, seeking for that new lower high. Will it drop after the first reaction on structure or will it shoot higher and then drop. Either way, I expect almost all cryptos to drop. Trade at your own risk & remember, Happy Trading !
Been keeping a close eye on some Airline companies, specifically UAL & DAL. UAL seems like it has already started making its move up and as long as it closes above $50.20, I expect both companies to move strongly upward. I have been holding these companies myself and soon those who are with me can take there profits soon as well. Pre-Covid prices, here we come &...
I am expecting a bullish move to structure, only temporary in my opinion. Theory is after huge impulse moves the market comes back at least to the 50% mark followed by another move up and then finally dropping to the start of the impulse move. Look for signs of reversal upon entry of the neutral zone, expect an sharp move down once it begins dropping. Any...
This market for years has been dropping but that is all over now. Reversal spotted and now expect new HH and HL. This is a long term trade so do not expect quick profits. Trendline broken and already re-tested structure. Yes, there will be pull-backs along the way, but do not be fooled.
Expect a battle between buyers and sellers in this area; however, market already reacted in this area. Expect a long term move up. EURO holding strong. This is a long term trade so expect to hold for a while. Happy Trading !