Hello traders and investors! Let’s see how SNDL is doing today! The support level at $ 0.95 didn’t hold the price at the first moment, but SNDL is trying to do a nice reaction right now. For the first time in more than one month, we have a clearly higher low in the 1h chart. This means that if SNDL breaks the $ 0.95 again and triggers the pivot point at the...
A bearish butterfly has just setup on the 1-hourly chart. This Harmonic Pattern usually will create a V-Top and hardly retest. However, I'm not staying up till 0200(+8GMT) or 21:00(UTC+3), the call is yours, I'll access this tomorrow.
Hello Traders, Hope you are well. Today I will talk about AUDUSD pair. This pair creates an interesting candlestick pattern in daily chart. A sharp rejection from 0.7820 resistance zone. We can further price weakness of this pair. If price hold 0.7820 resistance we can see the price near 0.7560 support area. And if price break 0.7560 support then next...
A bullish shark checkback is what I'm waiting for. This Harmonic Pattern matches a retracement on a 61.8% pullback after the daily chart has a double bottom setup. 1.7767 is the level that I will be watching closely for the trading opportunity.
There's an emerging Bearish Bat Pattern for a Shorting Opportunity, but before I engage on the Harmonic Pattern there's an opportunity to long USDCAD before the setup. And this is possible because of a the break and close above the bearish trendline and a trending that provide a buying opportunity.
USDJPY is on a bullish trend and it has the most interesting setup. If the market didn't break and close below 108.70, I will be looking for a buying opportunity. Once the market extended to 109.62, I will be waiting for a bearish engulfing candle for a shorting opportunity on the bearish shark pattern setup.
An Emerging Bearish Bat Pattern gives the counter-trend trader an opportunity to engage the trade. Trend Traders can wait for the market to retrace to 1.3793 for a buying opportunity.
Looks to me like a good time to think about either going short on Apple or if using options then selling a short dated Call or buying a Put. I see 4 reasons on the AAPL chart (see below) that point to a small dip, my guess is a pull back at least to the 50 or 100 SMA or the next lower Fib zone (so somewhere between $123 - $126 region) would be highly likely. 1....
Based on candlestick analysis, MACD, D+, Guth 3x confirm, and RSI. All signs show clear downward potential.
GBPUSD is the exact opposite situation compare to EURUSD. GBPUSD Daily Chart is on a Bullish trend whereas the 1-hourly and 4hourly is on a bearish trend. Check out the EURUSD post if you like to understand why the market move in such a manner. My plan for GBPUSD is to wait for a retracement back to 1.3768 but not breaking and closing above it.
The USDJPY rebounded slightly upwards. If the bullish momentum returns, then the pair might recover to the resistance of 110.01 and extend further to 110.38. However, if the bear strikes then the pair could fall to 109.21 and possibly break the second support level of 108.78.
In trading there's a common saying that the market will either goes up or down, that statement isn't true. What's true is that when a market consolidates, it will definitely break out of the consolidation. You can wait for the break and close beyond the trendline and start planning your trade.