Bullish scénario 4h Middle range hold Breakout with volumes
Recent milestones: -tested the previous high to finish the cup @ 10400 -passing into golden cross zone with the daily 200/50 MA -Currently in pull back, looks like an early cup n handle formation Trading strategy: scale into a long position after we find a handle bottom Conservative strategy: wait for the handle to finish before taking a position quickly If...
NZD/JPY is approaching a somewhat strong support level and an uptrend line.
As we have seen on the previous DAILY "Potential Long Position", our analysis is being verified, and looks as if the long position is ready to take. Once again, you may have to look at smaller time frames to seek a better entry. Overall Trade Quality - Good
Gold has played out to plan as price kicks up through 1498, on the spot pricing, and out of contraction. We are now watching closely for evidence that buyers are diving in to support price and start the march higher so it is all about the trusty shoulder setup or higher low. If this plays out then happy to be a buyer for a push up to 1519 then 1554.
Gold has been holding a BidZone around 1480 on the spot price for a while and looks set to make a run to the highs. Safe haven buyers have been stubbornly holding the zone and not getting flustered by the moves in the stock market and buoyant Trump tweets on trade. The key level is now 1498 and a break of this level should signal to bulls that the move is on....
The AUDJPY is hovering around previous highs at 74.450 but it is not clear yet who will win out between the buyers and the sellers. We are watching now for the potential for price to selloff from 74.450 as the daily action is extended into the zone...a lower high or shoulder will confirm the short thesis. On the opposing side will be for buyers to spike price...
How to spot trend changes and entry points. Yes the trend reversal legs can also be traded. Not financial advice!
SEI continues to drag in buyers to hold higher levels with clear skies up to the 0.10 Zone. Price oscillated around the 0.03 level before building a head of steam and cementing the trend higher. We expect the move to continue with a push through 0.06 in the coming days. ** If you enjoy our free content, please follow our profile, by hitting the Follow button, at...
The USDJPY is holding up at resistance but may be building to extend the move to higher levels around 110.570. We are watching for a reaction lower off 108.890 as buyers get squeezed out but are also open to the idea that price could easily extend through the level. Any short setup will need confirmation from a shoulder setup (lower high)....see how this plays...
The GBPUSD has kicked on to the OfferZone where we expect to see some heat come out of the rally and a reaction lower for a long squeeze. The question is in what form...will the price pop and washout stops above the zone and then fall back below to trap some longs or will we see a correction lower from current levels to reset and build for another run higher. If...
The EURJPY has pushed headlong into resistance around 119.95 (previous daily high) and cleaned out a few stops above the level. We expect to see some sellers jump into the action for a move lower to test and potentially break the 119.150 higher low zone. Time to set the trap and squeeze out some buyers so watch for a shoulder entry short for confirmation. * If...
The EURO has had a good few sessions and the party does not look like it is ready to stop. Buyers remain in charge and targeting the OfferZone around 1.1094 so like the action for a BUY ENTRY through 1.1037. May expect to see some washout of recent buyers before a move gets underway. ** If you enjoy our free content, please follow our profile at...
The Pound has recently spiked higher thanks to some positive news on Brexit and the USD falling. The price action suggests another run higher and extension into the OfferZone around 1.2800 as there is more than enough fuel built up for a short squeeze. ** If you enjoy our free content, please follow our profile at www.tradingview.com to get further high quality...
The USDJPY is on the move up from the previous entry zone and looking to continue its way up to the OfferZone around 108.400 in a bigger move. Watching for another squeeze of the sellers and an extension up with the risk area now below 107.200 just to lock in some gains.
The USDJPY is set to rally if buyers start the squeeze on short sellers. A push up through 106.920 will drag in the buyers we need for the move as higher lows are holding.
Ripple is at a point where bulls and bears are in agreement but which way will it move next? We expect to see Bitcoin come under further pressure so the Ripple bears may start to come out in force and run price lower to test support around 0.22400. Looking to sell off a shoulder for the run down. If we see the spike, happy to join in the action on the upside on...