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British Pound/Australian DollarThe British Pound/US Dollar is the currency pair I track & trade. However, due to this weirdo year and the craziness of the US Dollar I felt the need to add a non US Dollar currency pair to my watchlist which came down to the Euro/British Pound Vs. British Pound/Australian Dollar.. it doesn't take rocket scientist to know who won that bout. Let's go! Even though GBP/AUD been ranging since June, I am leaning more in the bull's favor, but it's important to not be very rigid on your own biases so I'll give two scenarios on what I would look for with this pair. Confluence (3 or more): 1. P.A. is working off of HTF diagonal support (outer) dating back to 2013. 2. P.A. pushed off of HTF diagonal support (inner) dating back to September 2020. 3. P.A. respected HTF liquidity zone, bull's favor. Due to the ranging I would only look from zone to zone in order to play it safe. I would look to short if there's a B.A.R. of the $1.7958-$1.8055 levels, and look to $1.7700 as a take profit. THIS IS NOT TRADING ADVICE! Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
EXp World Holdings This is my take on what I see, technically. Confluence (3 or more): 1. H.T.F. continuation order block formed. Bull's favor. 2. P.A. heading towards order block after B.M.S. 3. P.A. breached previous LHs. Precursor. 4. Bullish Wedge currently forming from H.T.F. perspective. 5. P.A. rallied after O.B's 1st test. I would look for price to break lower before a B.A.R. occur with the diagonal resistance. If the bears were to breakthrough barriers then I would wait for a B.A.R. of the $32.50 down to the $19.72 level since there's a nice potential profit margin within that range that can be seen from a bird's eye view. We shall see... Fundamentals: "EXp World posted revenues of $564.02 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 37.73%." -Yahoo Finance
NASDAQ:EXPI
by ChrisJTradesFX
U.S. Dollar UpdateI don't have much to say, but I will state that I feel something is soon to happen with the greenback. I personally feel like the bears are going to enter the market but it may take some fundamentals to expedite the process... I'm just spit-balling my thoughts. You have to remain flexible so it'll be wise to plan for two scenarios in the event your initial analysis doesn't play out the way you see it. I would be more bullish after price action work it's way on the other side of that diagonal resistance, and I would look for a strong push down from the $93.005 level IF the bears stay in charge. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
TVC:DXY
by ChrisJTradesFX
Overview: Bitcoin formed a simetric triangle!!!In Daily timerame. we believe that Bitcoin is into the phase of-re-accumulation. That is a good singal that bullish is prepare for the massive bought of Bitcoin between the November and December we could to reach the $14,000 USD Also, I want to share the weekly timeframe to look out. We are in the clearly re-accumulation zone!!! What is mean that? 1. That mean that Bitcoin doesn't going to down below of $10,000 USD. 2. That re-accumulation zone it's another good opportunity to buy more Bitcoin!!! 3. It's the latest once that Bitcoin is doesn't going to the below of $10,000 USD. The most opportunity is to make trading or accumulate Bitcoin!!! So, that is the ultimate opportunity because the bulls are option to buy Bitcoin for medium and long term But, waoh, we see that in weekly timefrmae Bitcoin is into this re-accumulation zone and then, we see that Bitcoin could to have an objective to reach up the $16,000 USD in medium term.
COINBASE:BTCUSDLong
by harisonhbn9718
Dow Jones Index Mark UpMonthly & weekly analysis from a daily perspective. It's extremely important to understand market structure in order to be on the right side while trading. Even though current market conditions is in the bear's favor, I'm bullish on DJI due to it's bullish structure from the higher time frames. Considering that my levels are HTF based, if scaled down you should be able to locate good entry points for short orders. I would look for continuation levels that's in correlation to this market's current conditions. I would look for bullish opportunities after price action has reached the continuation zone ($22789-$24300). It's obviously a big zone, but that's the area where I would look for the reversal to take place in bull's favor to head further up. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
U
by ChrisJTradesFX
Bitcoin UPdateThese are the levels I'm currently paying attention to with Bitcoin. "Chris, what are you waiting to see take place with price?" I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down. "But why there, and do you believe it's going down?" All due to the clues that's being left behind in price. A key level ($12190) was breached that's pretty visible from the Weekly perspective, if today's Daily candle close as an engulfing then that is very significant along with the "area of interest" ($10590 - $11044) being hit multiple times which in return weakens it. "Okay, where would you get in and take profit if you were to short it?" Were you not paying attention? Rhetorical. But I would wait for a B.A.R of the $10590 level and I would look to take some profits around the $9600 area. "What if you're wrong about everything you just told me?" Then so be it, readjust. Also I'm not a financial advisor so trade at your own risk. However, I'll wait until there's a B.A.R of the $12190 level and that's it. Once again, I am not a financial advisor. Got it?! "Understandable, and good look."
BITFINEX:BTCUSD
by ChrisJTradesFX
Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets. The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..
NYSE:RKT
by ChrisJTradesFX
2
Rock Companies IncI should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
NYSE:RKT
by ChrisJTradesFX
6
DXYBe sure to go check out my last published idea on the Dollar! Okay, so Price Action broke through a huge zone but I'm not quite sure when that took place (go back and look for yaself). However, normally when price break through significant areas it has a tendency to revisit the area which was broken. I believe what we're currently witnessing with the Dollar is the retest phase. Considering a huge zone was broken, it may range for a bit once it reaches the area before taking off in it's new direction. But I will say that if price does continue to head further down then it's something waiting for it which could potentially shift it. This is the current range I'll be paying attention to since it correlates with the currency I track & trade. Let's see how this plays out.. P.S. There's a breach which indicates a precursor.
TVC:DXY
by ChrisJTradesFX
British Pound/US DollarIt's been awhile! Bias: Long-term - Bullish Short-term - Bearish Last week price broke through an important area ($1.2750 - $1.2813) that had started back on June 10, 2020. I'm anticipating bears to enter the market due to this along with last week's Daily candle closed as a 'Shooting Star" and other factors as well. Be sure to check the divergence from the Monthly (we're in a new month) then scale down to the Weekly to spot the barriers that can pose a potential threat to Price Action. There's significant movement on the H4 that I'll be paying close attention to going into this new trading week. I plan on executing once I see what I'm waiting on to form. I'll readjust in the event it doesn't play out according to my analyze. Happy Trading!
by ChrisJTradesFX
EUR/JPY - The Market Closed at historical Strong Support Level !Hello Traders! The EUR/JPY Currency Pair Closed at Historical Strong Support Level (since approx. 2013). The Weekly Chart shows a Down trend Channel ( Pink Color ). I predict that the price won't hit the supply trend line (Historical Strong Support level ) The Daily Chart shows a Down trend Channel ( Green Color ) inside the Parent Down Trend (Weekly Chart Pink Color). I predict that the price will breakout this trend. The 30 Minutes Chart shows a Up trend Channel in the historical support area ( White Color ) . Like if you Agree !! Comment your opinion.
Long
by Mostafajaffal
2
$HAS PUT SCALPS$HAS is half way thru an evening star pattern on the daily, and by the looks of the volume… seems it wants to keep falling, completing the pattern… Zooming in the 30M chart, $HAS closed on a red candlestick with plenty of volume to end the day, while also closing below the 8MA(green line) & 21MA(yellow line) AND near/testing on intraday support (refer to the 5M chart). MACD also just crossed down in the same 30M timeframe chart. If that's not convincing enough, there is a bearish h formation on the 15M chart, which i plan to ride the downside @ the continuation past the break of the h pattern.
NASDAQ:HAS
by NCEJ_LL
MAXR: $15 Short Target PotentialPrior to the Coronavirus pandemic, many people were bullish on MAXR and it recently had some negative correlation hits. That being said, now lots of the resistance seems to be gone and investors are wanting to bid positively on the price of MAXR. Please don't take what I say seriously, and as always all I say is on opinion basis and not meant to be taken as financial advice. That being said, I believe that realistically MAXR does have the potential for a $15 short target. A whole lot of weight is being put on it, given nobody fully yet knows if they are going to have a good earnings call.
MShort
by gamer456148
1