Hello traders.. we have another analysis here outlining potential scenarios for intra-day trading EurUsd. Look for 1hr candle closures outside 1.06855 1hr resistance zone and 1.0669 1hr support zone. Look at those ranges we could potentially trade .. up to 1.0712 or if we go down then 1.06345. We have no major news releases left this week except for unemployment...
Hello Traders.. EurUsd just dropped off last week. Those market participants who caught this massive selloff may be thinking of taking some chips off the table. This coincides with a bullish trend in bond yields and the S&P futures wasting no time heading to the upside to begin the week. The Iran and Israel conflict adds a layer of complexity to this new week of...
Trade Strategy: Bullish Flag Pattern
Key Levels:
- Shorting Opportunity: 153.26
- Buying Opportunity: 152.84
Analysis:
- Importance: Identifies a potential Bullish Flag Pattern setup
- Technical Analysis: Signals a possible continuation of the bullish trend
- Fundamental Analysis: Supports the bullish bias for USDJPY
Trade Plan:
- Shorting Opportunity:...
- Trade Strategy: Bearish Deep Gartley
- Timeframe: 4-hourly chart
Analysis:
- Importance: Emphasizes the need for confirmation before entering a trade
Trade Plan:
- Entry Condition: Wait for candlestick confirmation
- Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup
- Engagement: Engage the trade only upon confirmation
...
- Trade Strategy: Support and Resistance
- Key Levels: Resistance at 0.6624, Support at 0.6482
- Profit Potential: 142 pips
Analysis:
- Importance: Emphasizes the need to accurately assess profit potential
Trade Plan:
- Long Opportunity: Look for buy entries near Support (0.6482)
- Short Opportunity: Consider shorting near Resistance (0.6624)
- Risk...
Analysis:
- Trading Setup: Bearish Fib-3 Bat Retest
- Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone
- Signal Confirmation: Supported by RSI Divergence
- Trading Expectation: Expect potential stop-outs on lower time frames
Trade Plan:
- Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone...
- Trade Strategy: Support and Resistance
- Support Level: 1.2595
- Resistance Level: 1.2656
- Potential Profit: 61 pips
Analysis:
- Support Level: Identified at 1.2595
- Resistance Level: Seen at 1.2656
- Strategy: Utilizing support and resistance levels for trading opportunities
Trade Plan:
- Buy Opportunity: Upon bounce off the support level at 1.2595
- Sell...
- Trade Bias: Bullish
- Entry Point: Retest of support at 1.0809
- Target: First target set at 1.0869
- Risk Management: Shift stops to entry at first target level
Analysis:
- Support Level: Identified at 1.0809
- First Target: Set at 1.0869
- Risk Management: Stop-loss to be shifted to entry point upon reaching first target
Trade Plan:
- Entry upon retest...
The Market is Flying with Optimism
after ADP data was better
than Forecasted, Services data missed forecasts
but Fed Chair Jerome Powell
has said that he does not think that
inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we...
The stock is in uptrend in all Higher time frames.
The stock has been in good consolidation for 12 weeks.
Downside wicks in the last 3 weeks indicate good buying coming in.
The last week candle seems to be an indecision candle post diminishing selling pressure and buying stepping in.
The lower time frame price actions such as Daily and 75 mins confirm the...
Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on...
Trade Setup:
- Entry: Sell at retest of trendline
- Target: Extended towards Bullish Butterfly Pattern completion zone
- Trade Management: Utilizing upsize trade strategy
Analysis:
While many analysts see consolidation, I've identified a potential Bearish Flag trading setup on GBPUSD. The series of lower highs on the 4-hourly chart indicates a possible...
Good day fellow traders,
EUR/USD is in a very special place, we over the last 259 day have made a triangle on the weekly chart an currently sit on the APEX of a breakout favoring a strong dollar. One must wait for confirmation of a break out below the lower level of the triangle. The target for a move would be October 4th, 2023 low.
There is potential for a...
Trade Setup:
Pair: CADJPY
Entry: Buy Limit at 111.16
Initial Stop-Loss: 110.84
Risk Exposure: 32 pips
Analysis:
Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market.
Trade Management:
- Buy Limit: Set at...
