Technical Analysis
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Weekly Watchlist 9/7 - 9/10Here is what stocks we are watching for this week!
NASDAQ:MRNA
Looking for a $420 breakout with targets of $425 and $430
NYSE:NIO
Nice bullflag showing here, looking for a break over $41 with targets of $42 and $43
NASDAQ:ROKU
Currently sitting a major trend resistance, we are looking for a move over $346 with targets of $348, $350 and $352
USDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD Buyers are still in controlThe USDCAD has been discounted nicely, price violated the sellers on Tuesday by breaking above Monday's high.
This was a buy signal, we have seen a correction, consolidation, and a strong reversal (manipulation/stops hunt) without breaking below the previous Daily low.
We are buying above: 1.2607
Stop: below 1.2580
Target above Momentum High 1.2653
Supply and Demand Zones - An Approach to Identifying Key LevelsIn this video I will break down my process in identifying supply and demand zones through technical analysis.
Being able to identify these key areas allows for the trader to recognize potential levels of resistance and/or support.
I also go over a few other technical analysis approaches I use when looking to identify similar key levels on a chart. From my experience, it works best for me to stick with the first technical approach that I am able to identify when looking at a particular symbol's chart. The more you look at a chart the more you will find an opportunity to squeeze in another form of technical analysis, often leading to clutter and uncertainty.
$Bldr, Real time high probability trade for swing trading$Bldr, This stock is fundamentally strong and by volume we can see that there is interest form big players in the stock. Stock is trading at it's all time high and only potential we see in this stock is that the stock should rally up in price, worth putting this stock in your watchlist. Volume need to be highly considered as we enter the at any certain point we need to see relative volume to the price at execution (Volume Explains Demand). this stock can be traded in the daily, hourly
chart or any intraday time frames according to your trading style. also this stock can be traded at any potential price structure depending on the time frame.
Tips :
*Make use of exponential moving average of 5 & 10 period in the daily
*Add relative Strength (Benchmark S&P500)
*highly recommended for swing trading
AUDUSD more intraday downside expected before upside rallyThe AUDUSD has completed its Wave Structure to the downside on the daily chart, this makes the Aussie bearish from a Long Term point of view.
As we know, after an impulsive wave, we should see a corrective wave that has already started.
We are shorting this from an Intraday Short Term basis, looking for a medium-term Buy position from 0.7263 area which corresponds to the -0.618 (T2) of the current 1hr correction that is going on.
We will not entertain any short above 0.7310.
Weekly Market Analysis 29 Aug 2021In this weekly Market analysis video, I identified the Buy Points and Sell Points for the following pairs:
BUY PAIRS: EURUSD, NZDUSD, GBPUSD
SELL PAIRS: USDJPY, USDCAD, USDCHF
These buy points will help us to make decisions during the week.
When the price is above the Buy point, we are only looking for buying opportunity and when the price is below the sell points we are only looking for a selling opportunity.
Have a great trading week.