Hey tradomaniacs, USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend. The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation. What do you think?
Hey tradomaniacs, technically a good spot to go long as we are hitting a trendline and key-support-zone. Orderflow looks pretty bullish with absoprtion and aggressive buying! What do you think?
GBPUSD is trading in a global bearish trend. The price perfectly respects the boundaries of an expanding falling wedge pattern on a weekly. Reaching its support, the pair started a correctional movement. The market is already growing for more than a month. Ahead is the resistance of the wedge. Depending on the reaction of the price to that, I see 2 potential...
Hey tradomaniacs, yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation. The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances. However, Jerome was clearly...
Hey tradomaniacs, NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline. Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement. Strong Rate-Hikes combined with a bad outlook for the next quarter and year is...
Few good pattern potential stocks to trade for week of October 24 Boom boom boom Lets make some money
Hey tradomaniacs, looks like we had a fakeout on AUD/USD and so a nice chance to short it if confirmed. We usually wait for a re-test and rejection to be safe, but if u want to trade aggressively u can also early-enter with a potential re-test. However, recent news were mixed so market is very wild and risky to trade. What do you think?
Swing trade setup for Oct 20-------I DO NOT GIVE SOLICITATION TO BUY OR SHORT. USE YOUR OWN DISCRETION I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as...
Welcome back! Let me know your thoughts in the comments! **AUDUSD - Listen to video! 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...
AUDJPY looks very bearish to me: after a strong bearish wave, the pair was consolidating within a narrow horizontal trading range on a daily. Yesterday, the price finally broke and closed below that. I believe that it will push the market to the next support. Target - 90.55 For entries, consider an occasional retest. ❤️If you have any questions, please, ask...
LRC is currently flattening at the bottom of a massive descending triangle. Breakout to .4 seems possible, but if we reject this range we could drop to the low .20s. DCAing a large position in this one, as I think we will see $2+ next bull run.
Bearish outlook for USDCAD explained. Key levels, price action and thoughts. ❤️Please, support this video with like and comment!❤️
Hey tradomaniacs, EUR/USD just tested a strong resistance-zone where price could reject from in order to follow the trend. If risk-off continues it is more likely to see a stronger USD-Dollar and so a suffering EURO. Only 10% Inflation could push EURO as rate-hikes are getting more likely.. ;-D What do you think?
One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD. Forming a high momentum bullish candle, the market successfully closed above them both. I think that it will trigger a further bullish continuation. Next resistances: 1.358 / 1.368 ❤️If you have any questions, please, ask me in...
Hey tradomaniacs, looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers. So far a great spot to go short but still risky due to the news from BoE. Make sure if u short that you manage aggressively! What do you think?
Hey tradomaniacs, NZD/USD has re-tested a strong resistance-zone aswell as the current trendline. Also see how price moves to the previous PoC, which could act as a resistance here. Overall a great spot to short if we get more risk-off in equities. Technically its good to wait for a break below the lower resistance-line of the zone to get a g ood...
A lot of questions about EURUSD. Here is my latest structure analysis and key levels to watch for you: Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support based on a price action of 2001 and 2002. On a daily time frame, a bit lower, we have a support line of a major falling parallel channel. The trend line and a monthly horizontal...
Not a great pattern but its ok to give a try though its risk and Less and Reward will be high. Do your own analysis before trading