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The area between 0.9580 and 0.9569 features three levels that may pan out to be robust support: Support(1): Daily EMA, 0.9580 Support(2): Daily 38% Retracement, 0.9569 Support(3): Weekly 38% Retracement, 0.9569 Here's the trade: 1) Buy 0.9580 2) Initial stop loss @ 0.9544 3) TP @ 0.9616 4) Risk/Reward, 1:1 The coming 16 hours feature the ECB Minutes, US Q2...

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Support(1): Round Number, 1.0000 1) Buy @ 1.0009 2) Initial Stop @ 0.9972 3) 1:1 risk vs reward, 1.0046

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One beneficiary of the action has been Netflix (NFLX). NFLX is now on the cusp of filling a vital GAP: April 19/20 GAP, $333.22 to $248.70 1) Buy @market, ($249.68 at press time) 2) Initial stop loss at $223.94 3) Profit Target is a conservative 6.5% payoff on a 1:1 risk vs reward

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There is one level that I am looking at for the GBP/USD: Support(1): 38% Fibonacci Retracement, 1.2090 Here's the trade: 1) Buy 1.2094 2) Stop Loss @1.2071 3) Profit Target @ 1.2117, 1:1 risk vs reward Be ready for the BoE release during the London session.

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From a technical standpoint, the monthly and weekly charts share a common resistance level: 38% Monthly/Weekly Retracement, 1.4850 Here's the trade: 1) Sell 1.4844 2) Stop Loss 1.4879 3) Profit Target, 1.4809, 35 pips 1:1 risk vs reward

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Going into Monday’s trade, there is a nice double bottom set up on the EURCAD weekly chart: Weekly Double Bottom, 1.2964-67 Here's the trade: 1) Buy entry from 1.2970 2) Initial stop loss at 1.2944 3) Profit target at 26 pips, 1:1 risk vs. reward ratio

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Yesterday, SNAP posted a negative earnings report that missed both the top and bottom lines. The overnight was devastating, as SNAP surrendered more than 30% of its marketshare. Now, there is a key area in view: GAP, $11.90-$11.11 Here's the trade: 1) Ahead of today's close, buy from $10.00 2) Profit target @ $11:50 within the GAP 3) Stop Loss beneath today's...

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Sometimes, analysis is simple. Here's a short scalping plan for the USD/JPY: 1) Sell @ 139.94 2) Stop Loss @ 140.26 3) Profit Target @ 139.62, 1:1 Risk Vs. Reward Be on the watch for this trade to set up early next week.

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This week, the AUD/CHF has been a key mover and shaker. At press time, this pair is drawing near a key resistance zone: Resistance(1): Weekly 38% Retracement, 0.6714 Resistance(2): Monthly 38% Retracement, 0.6732 Here's the trade: 1) Sell @ 0.6714 2) Stop loss @ 0.6779 3) Profit target @ 0.6584, 1:2 risk vs reward ratio This is a short-term position trade. It...

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Until then, we may get a shot at a decent short-term sell in the XAU/USD: 4-Hr 38% Fibonacci Retracement, 1747.97 The 1747.00 area isn’t a bad place to sell this market. With an initial stop loss at 1752.50, this short entry should be good for 5.50 on a standard 1:1 risk vs reward ratio. Here's the trade: 1) Sell @ 1747.00 2) Initial Stop Loss @ 1752.50 3)...

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Here are a few levels to watch for August WTI futures this week: Resistance(1): $113.47 Resistance(2): $116.69 Here's the trade: 1) Sell @ $113.44 2) Stop Loss @ $113.59 3) Profit Target @ $113.29, 1:1 risk vs reward

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What once was support is now resistance. The COVID-19 range 50% Retracement (11,700) is a pretty good early week position sell. Here's the trade: 1) Sell @ 11,675 2) Initial stop loss @ 12,095 3) 1:1 risk vs reward ratio, 11,255 profit target

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At this hour, the XAU/USD is in heavy rotation. Nonetheless, there are a few weekly support levels in our immediate vicinity: Support(1): 62% Fibonacci Retracement, 1821.00 Support(2): 78% Fibonacci Retracement, 1806.00 If we see a bearish break, a nice buy from 78% may set up. Here's the trade: 1) Buy 1806.00 2) Stop Loss 1794.00 3) Profit Target 1818.00 (1:1...

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BTC is once again under pressure beneath $20,000. If the bearish action continues, a buy may come into view. Here it is: 1) Buy @ $17,900 (78% retracement of COVID-19 range) 2) Stop loss @ $14,450 3) Profit target @ $21,350 (1:1)

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The USD/CAD has a key technical level worth looking at: Weekly Double Top, 1.3076-79 If we break north of 1.3000, here's the trade: 1) Sell 1.3074 isn’t a bad way to play the action 2) Initial stop at 1.3106 3) This trade produces 32 pips on a standard 1:1 risk vs reward ratio.

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Going into next week’s trade, there will be a key resistance area in view for the XAU/USD: Weekly 38% Retracement, 1867.25 Weekly EMA, 1870.62 Here's the trade: 1) Sell 1866.75 2) Initial Stop Loss, 1872.50 3) Profit Target, 5.75 @ 1:1 risk vs reward ratio This market is in rotation. Selling the upper end of the four-week range w/resistance levels isn't a bad trade.

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The past two days have seen the USDCHF move back to parity. There is a key Fibonacci retracement level coming into view on the daily chart: 38% Fibonacci Retracement, 0.9861 Here's the trade: 1) Buy 0.9865 2) Initial Stop Loss @ 0.9839 3) 1:1 Risk vs Reward, Profit target @ 0.9888

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CPI came in hot and the US100 is taking it on the chin. A key level is coming into play: 2020-2022 50% Retracement, 11,703 Here's the trade: 1) Buy 11,759 2) Stop Loss, 11,644 3) Profit Target 11,875