For those looking for long opportunities on the EURUSD, price just put in a very nice retracement into our previous level of structure. If I weren't already long, I'd certainly be eying up this opportunity as it may offer a very good bullish entry. Akil
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!! Have a nice weekend
If I haven't shamelessly promoted it enough already, last week was a great week of trading and it was good to see our EURUSD position from August 17th not only achieve 1st targets, but breach an important level of resistance as well. I'm assuming you've seen the video on how we got involved so let's get straight to the next opportunity at hand which is waiting...
The 3rd pair looked at in today's video featured a bearish trend trading opportunity. After a beautiful higher time frame 2618 completion the NZDJPY has been in a free for all since trading right below 84's. After the recent extension it has now created a rising channel back into previous structure. The technical killzone to start looking for shorting...
Looks like the correction comes to an end soon. If so, I will enter a long position. Entry trigger for me is a (small) bullish candle, after the last bearish. That all has to happen in the H4 chart to be a strong signal for me. At 22.63 $ we have our first resistance, could be that price bounces back from there, so keep an eye on that. If there is no bullish...
After a symetrical triangle we can see a clear channel up . Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback. Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in a heavily overbought area. We should see soon enough. Our target reached. Position...
After a symetrical triangle we can see a clear channel up . Once we brake out of the channel stay alerted ! 0.52 is a possible profit taking area meaning a pullback. Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in a heavily overbought area. We should see soon enough. Our target reached. Position...
Gold/US Dollar is another pair that has broken a significant level of structure today completing a Head & Shoulders pattern by breaking the neck line. For me all signs point towards a move higher and there looks to be a lot of opportunity. Like the other pairs discussed today, I like to buy on dips, so a pullback to or into the neckline/right shoulder is the...
Today's $USD weakness has pushed the $USDCAD below previous structure lows, opening up the opportunity for yet another extension lower. I don't know what type of relief that we'll see with price (when do we ever KNOW what the market will do), but I will be eying up a few different levels for my next opportunity to get short over the upcoming days/weeks. Akil
My apologies for the cluttered chart, but there's a lot going on on this pair & I wanted to show you everything that I took into account when performing my analysis on this pair. Last week we identified a potential Head and Shoulders pattern setting up on the USDJPY and we ended the week with a confirmation of that reversal pattern with the break and close below...
This is a good pullback area for Tesla, now I'm looking for price to push back into daily supply around $380 to see how strong that area truly is. This would be more of a swing trade, but I really want to see price move to the upside from here to some degree. NASDAQ:TSLA
All analysis of the AUDJPY is in the chart!! happy trading guys and trade safely!!
Bullish Bat formation on Gold on the most recent pullback.
The GBPJPY aka "The Beast" has been my favorite pair to day trade over the past few weeks. If you're familiar with this pair then you know that when it moves, it moves big & I've been able to get on the right side of those moves on my last few attempts, including the trade I shared with you guys yesterday. Once again I'll be looking for day trading opportunities...
Daily Chart Gold long positions is active, but approaching key zone levels. Lets' see what will happen!! Happy trading
1) Triangle BO with FT also LH MTR, AIS. 2) Breakout Pullback from triangle but bull body and L2 short, still Always in Short. ok Swing sell targeting possible bottom of Channel or measured move down.
FX:EURUSD
Even though the HTF is pretty volatile I see a good opportunity for a quick long play on this pair. Price has just broken out to the upside of a corrective structure. Looking to enter on a weak pullback into support (top of structure) with first target around 1.0080 and if that resistance folds, extended target would be 1.0100.