guidance
MDT has desperately trying to rally to reach its pre-pandemic ATH for 6 months now. The company has also published encouraging research study results - this might act as a catalyst and create momentum. The company also beat earnings estimates recently, creating an overall positive outlook on its future. This Corridor Breakout with strong support confirmation...
Ascending Triangle breaking out after a 6-month uptrend. Aggressive buyer presence in the past month. I will try to make the most of the recent drop and play the bounce. However, this is a highly-sensitive pandemic stock, therefore I will allocate 35% less capital than usual. - Target Entry $65.20 (Buy Limit) or $66.50 (Buy Stop) - Target Stop Loss $64.57 -...
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. - Breakout past a long correction - RSI...
EURJPY H1 - Really nice technical play here, but yet to find out what's caused that sudden YEN strength, video analysis coming through now.
GBPUSD H4 - Possible long position very similar to GBPJPY if this support zone holds, ties up quite nicely with DXY resistance too. Eyes peeled. DXY analysis to follow.
DXY H4 - I think a lot of todays movement has been relatively tame, Monday will be much the same as we have UK bank holidays. Will look to follow pairs and headlines today, the weekend and Monday, ready for Tuesdays market volume.
GBPAUD H4 - Finally approaching that support zone we have been waiting for, might see this play out during the eastern, but will be up early updating this to see if it can be taken ahead of the EUR/LON open.
GBPJPY H4 - Must await a candlestick close on the H4 timeframe here to give us that confirmation we are looking for to see some downside pressure. Massive rally seen here, ***YEN pairs ripping upside for the most part, would be good to see some corrections soon, RR ticks the boxes as long as we don't dump.
Uptrend Corridor bounce with target price set at resistance bounce. - 3-month Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $14.86 Suggested Stop Loss $14.53 Target price $16.81 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as...
DXY H4 - This week ended being quite choppy after FOMC and jobless claims data. Broken and retraced back into a big trading zone with threw things a little for me. If we can break support again, we could classify that previous recovery back above into that 92.60 resistance a fake out and data fuelled, something short lived which couldn't hold, expecting support to...
DXY H4 - As annotated, ideally want to see rejections before that previous high at around 93.80, this should compliment some of the structure we are watching, UJ, GU etc.
USDCAD H4 - As mentioned in the above video analysis, we are looking for some confirmations from this support zone, a lower timeframe (H1) trendline break and retest would be good, some sort of double bottom with new highs set would be good too.
USDWTI H4 - Really want to pulldown to this support retest zone, we pulled down to 40.10, but think ideally 40.80 is optimal entry, seen an existing pullback in the last 15 minutes of circa 30 points. But don't want to jump in prematurely, patience pays, patience always stops FOMO fuelled losses!
NZDCAD H4 - Very similar to AUD, NZD is on fire at the moment, outperformers again, still just trying to anticipate a pullback, a retest of the marked region would be a safe entry point with justified RR and stoploss positioning.
Possible 3x Triple - ARCIMOTO (FUV) Should Triple or go to zero in to market time cycle peak end of Aug 2020 $FUV #swingtradealerts Powerful Swing Trade Momentum Stock Set-Up On Watch
GBPAUD H4 - Not quite sure how to quantify this, probably ignoring the bearish channel and working from the break and retest of the broken support zone, looking for a clear rejection from this horizontal red box. Need to ensure we are trading below 1.79500 to maintain bearish bias after breaking support.