NETFLIX price action for Short term !5 month of uncertainty and Neutral trend for NFLX , But a good positions for short term trading , Buy from the Bottom of the channel and sell from the Top .
Fundamentals : The corona virus has increased again and possibility of cities Lockdown can be positive for Stay-at-home Stocks .
Price Action : Price placed at Bottom of the Channel also the 200 Day moving average is close to the price , So this Level can Be the Good support
P.s : Due to divergence, buying Netflix is Not a Good idea for the long term .
Short-term
CADJPY Long Trade SetupHello Traders
My forecast can be wrong here if USDJPY makes a strong upward movement as I expect, but what is my forecast here is a pretty big C wave for a complete regular flat. That being said, one more upside seems possible after the 4th wave for a complete regular flat in the B. That's why I want to take a long trade and to do that, I'm waiting for a correction after the reversal impulse. I'll hedge my trade when the previous high is broken.
Trade with care.
Bulent
USDJPY - breaking down the triangle patternthe triangle pattern is obvious in chart and the price has already broken down the lower line!
so we just wait for pullback to be completed then after the first sign of reversal candlestick pattern we will open our position.
note: it is not recommended to open a position before these steps! let the price ensure us about a valid break down then we will open a profitable position.
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GOLD AnalysisGold has formed a double bottom and price has retest the neckline. An impulse move should be expected.
With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend.
BNB SHORT TERM SHORT POSSIBILITY. WEDGE BROKEN.BNB broke through the September – October wedge, as well as the MA200 on the 4H chart.
Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path.
In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely.
In case you’re looking for a short opportunity, take a look at the shorting zone around $27.5.
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BITCOIN IN SHORT-TERM TROUBLE? TWO RESISTANCES HITIf you’re long in Bitcoin, beware. Two big resistances are both being hit at the same time.
First there’s the 2019 high. Secondly, we hit the upper limit of the upward channel since march. My advice would be exiting your short- and medium-term investments and look for a new buy-in around $12,000. I’m still long-term bullish on Bitcoin.
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Bitcoin - Keep your eye on 4 hour inside bar for direction Bitcoin is currently printing a 2nd inside bar for us to decide which way Bitcoin may break.
Watch for a break if we move past the high of $13,387.30 or the low of $13,149.43 from the previous inside bar.
Whether we break bullish or bearish, I would still expect us to stay within the broader tightening equilibrium pattern for now.
Current equilibrium resistance is $13,687.82
Current equilibrium support is $12,976.29 and then $12,891.57
Good luck trading.
GBPCAD Short Trade SetupHello Traders
It broke the top of the blue A wave and dropped immediately. It looks like we have a complete regular flat. Of course, it can go up more. We have still some room under the orange trendline and a pretty strong Fib confluence. So we will see if it will fall, or make a correction for one last upward impulse. I'm waiting for one more upward impulse and a reversal pattern to place a pending order.
Trade with care.
Bulent
SPX500 Long Trade SetupHello Traders
If the previous structure was a complete running flat (green B), we should see more upside and a new high. That's why I'm looking for long trade setups. What is made over the green trendline can be a complete correction, and a reversal pattern can be in the making. Now, I'm waiting for a correction to place a pending order. I plan to hedge my trade after the new high.
Trade with care.
Bulent
Why we shouldnt go too Long!!!Starting from the left hand side, it could be observed that there is an impulse movement with a 3rd wave extension which has the 5th wave truncated. A ((A)(B)(C)) correction was instantly noticed, this lead to formation of a Bearish Barrier: The upper line (resistance zone) was constant while the lower line (support zone) kept ascending giving life to a barrier (ABCDE).
we buy and target the 124.970 zone, we exit and enter for a sell order as soon as we hit the 124.380 while we target the 123.850 zone. we wait for confirmation before we go short. we target the
SELL
122.734,
122.196,
121.430,
120.455...
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Biggest Short Correction in Years (BE CAREFUL)We are very close to experiencing the biggest correction in years in the main US indexes.
We can observe a clear divergence between the index dollar and the S&P500, when it should be a mirror. Something says something smells bad.
We must bear in mind that the SP500 is at a significant top and that it is highly unlikely to break it due to the current social, economic and political situation. Also, all growth has been financed by the FED so there is a clear disconnect from reality and current affairs.
Analyzing this scenario, we are seeing a potential strong long-term pullback, probably in a few months.
- I would like you to comment on your ideas and opinions, that enriches us.
Simple Trade, Another Short from H-1 ?We could take action for short and don't forget to put your Stop Loss..
The price is bullish after touching the support level , it is a good sign for us to take action to buy for short since the support level is respected so many times, it could be the other one, but.. don't be overwhelmed just take it easy wait for the confirmation for bullish, take your action and put your stop loss..
XAUUSD Short Trade SetupHello Traders
We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can have 4th and 5th waves. We'll see that part.
Trade with care.
Bulent
USD FuturesUS Dollar futures
On Friday DX found a triple support around 93.5 (EMA100/EMA200 and a trend support).
On a 4H chart, the DXY broke both, EMA 100/200 with increasing volume showing a bullish participation followed by a low volume correction and a successful test with a high volume test candle.
On a weekly basis, last week finished with a bullish move with high volume.
Bullish short-term sentiment
Resistance 94.7-95.5






















