Overall Bullish Trend on the EURUSD, but we are looking for nice drop within the continuation pattern that the EU is forming. Check my analysis on www.youtube.com
USDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the...
EURJPY H4 - Little bit of a relief rally yesterday from our identified support zone, recent H4 candle has closed to break support, potential rejection of weekly key level and retest of that broken zone before possible short continuations, simply support turned to resistance. Very similar to DXY where resistance turned to support.
Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term. The stock broke its support of $116 here and will likely continue and trade under $115 today. If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next...
REA Technicals = high probability - I'm looking to enter on the ascending triangle breakout. REA Fundamentals = lower probability - major cv19 head winds are incoming, but, I'm thinking the market takes an educated punt that any further real estate weakness will be meet with larger incentives/stimulus. This will likely lead to a bullish REA share price.
Given the last three candles, among other reasons, I think it's likely that the price will break out and start a powerfully ascending trend which will result in the completion of cup and handle pattern here. My suggestion: wait until the breakout and THEN buy. (on hourly time frame there are signs that it has already started it but wait for more confirmations)
Skyworks is nearing a new high and running out of steam. Heres what the indicators say. Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators. Moving...
Daily Time Frame: Price had broken below 1.17500 key psychological support with strong bearish pressure. If bears are back in this market, we can anticipate price coming down further. Look for pullbacks to 1.17000-1.17500 for potential selling opportunities. Due to the uncertainty of market fluidity, risk management is highly recommended.
4hr Time Frame: Reading price we can see that EURGBP is testing at .91000 psychological support in confluence with a double bottom formation. If price manages to hold above and show signs of bullish rejection, we can then look for potential long opportunities. However, if price breaks support look to reevaluate price action. Due to the uncertainty of market...
Looking like it could be at the bottom of a nice channel formation.
90 Minute Time Frame: Price is testing support in confluence with wick rejection head and shoulders and a potential flag with a double bottom. (screen shot will be provided in gallery) if price manages to hold above, we can look to buy to 1960.00 and potentially 1970.00. However, if price manages to break support look to reevaluate price action. Due to the...
4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom...
GBPUSD H4 - Breaking the corrective consolidation from last week (the flag consolidation range). Possibly could see market correction up towards the previous S/R zone. Again big moves expected later off the back of the vote this evening.
4hr Time Frame: Reading price we can see we have been bullish. Reading the candles, we can see the price has cleared above resistance is creating new support with long wicks pointing to the downside. 1hr Time Frame: Scaling down we can see price creating a double bottom with bullish pinbar rejection candles at 4hr support. If price manages to hold above, we can...
GBPJPY H4 - Same as cable, short setup, initial short setup anyway almost complete. Continued theme for the GBP dumping off the back of any minor excuse for a short lived pullback, huge selling pressure seen, cable dipped as low as 1.275.
analyse 200 pip, open the trade after the first candle broke and close below the corrective