USDJPY Intraday - We look to Buy at 127.62 (stop at 127.11) Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward. Our profit targets...
Pfizer Short Term - We look to Sell at 53.30 (stop at 55.53) Price continues to trade within the triangle formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 53.56 level. Our profit targets will...
Batter ease up positions there in hindalco.. expecting to start corrective phase soon.. do u expect the same ?? Please enter after proper sell setup and confimation only.. leveles to watch around - 625-630
will reverse down to complete middle B of Correction
Hello guys, Based on the chart and our previous analysis we had an uptrend expectancy but as our uptrend channel broke, we can consider this bullish movement just as a correction in the market. So it would be highly possible to see a drop in price for the following days on BTCUSDT. Good luck.
Ascending channel with a complete rejection at the third touch and a possible bearish momentum. ...waiting for a corrective structure to go short.
Hello traders (and some investors ?), As you could notice, most of high-growth and tech stocks are in bear market for last several months. While huge part of them formed abc corrective waves down. StoneCo formed impulsive wave (of 5 subwaves) DOWN =that´s not good sign because impulsive waves are never alone. So my thesis how to play this stock is this.: -...
Seeing correction waves incoming across the board. Eth looks like it could be headed back to 2.8k with a healthy wick before closing in that area. What I am looking for is the down move to the 1.414 today or tonight and then pump back up to the 0.414 Sunday night, with the finishing wave coming in Monday down to that 2.414 area of 2.8k. Then I think...
Hello Traders! Welcome back! We expect to see a correction on AUDCHF after the bullish impulse from last week. Price is currently at strong supply and rejecting the key level. Potential correction to 50% fib/previous resistance. We will then look for a bullish continuation this week from 6870 area. We'd like to know your thoughts in the comments about this pair....
NVDA is finishing up the final leg of its correction. 200 will be an attractive place to go long before NVDA begins its ascent back to new ATHs.
10 minutes ago Welcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Here's an analysis of this pair! **GBPAUD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
I'm going to keep this brief. I've been one of many traders calling yelling at the top of the soap box that were are currently in a correction and that the recent move up above 40k was a classic bear trap. I have many reasons as to why we will see at least 36k. To keep it brief not only did I confirm with Elliot waves, but all technical indicators point toward a...
As the trading week progresses, we have a triangle on the daily forming 1) CPI news Cause: sell-off Effect: gap-fill at market open 2) Bullard Hawkish Remark Cause: bullish structure has been broken at 4553 Effect: market will need to find a base at C Key characteristics of triangle: Declining volume Personally, I took a short Entry: 4545 Stoploss:...
GBPUSD is a bit undecided to day the least, however technical indicators are pointing a bullish run in the near term. We have a BOS on LTF and expecting some correction before finally mooning. If this happens, USD would have lost some significant strength across board. .
Hello traders and investors! Today we will talk about DAX and its positive correlation with EURUSD, as we see them approaching some interesting support levels. Since March 2020, we can see DAX and EURUSD moving together most of the time, the only difference is that stocks are much stronger, however, as soon as we see stocks slowing down, even EURUSD comes...
Gold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by making higher highs and then correct strongly downward. This zigzagging price action OFTEN indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the general markets. Well this is NOT the case and has not been for most of its modern...