Today, we will show our view on CADCHF based on Daily and weekly timeframes. Weekly Chart: The price is on a major support zone, and we saw a clear rejection there. Now we can see a local trendline about to be broken, and we expect a bullish resolution towards the next resistance zone. (Descending Trendline. Daily Chart: Here we have a more zoomed...
Good morning traders! Today we want to share with you our vision on this asset. Honestly, during the last few months there were stocks much more attractive than Apple, with a marked short-term trends that have given greater profitability, but we consider that we can see a strong movement in the short term. We will divide this post into two visions, a more...
Today, we will take a look to the most relevant structures we can see on the Daily chart. The consensus right now, is that the Market is in the biggest bullish bubble ever, with sentiment index showing high levels of Extreme greed. However, its not our work to say when the market will reverse. If the market keeps going up, you should be thinking in terms of long...
Let's start with the Daily View: a) We can see 3 relevant horizontal levels. Those are the main areas we will be paying attention to. Now the price is above a resistance zone (working as support), and we will aim for a bullish movement towards the next resistance zone. b) Another important item is a Huge Corrective Structure that has been broken (Bullish...
Good morning traders! Today we want to analyze Spotify, since in recent days much has been said about this stock and its movement in recent weeks has been remarkable. 🔸What we can observe is that from March to July of this year the price generated an astonishing rise of approximately 170%. 🔸Of course, after a strong move, a consolidation or correction of a...
Good morning traders! Today we detected a trade opportunity in the EUR / AUD pair and we want to share with you in detail how we perform a multi-timeframe analysis to develop a setup. 🔸The first step is to start on a high timeframe chart in order to see the long-term behavior, whether it is in an uptrend, downtrend, or range. 🔸What we see on the daily chart of...
Today we will learn how to create a full setup using 5 Price Action items. This process will be made on the 1H chart and is extremely useful for Swing setups. However, the logic can be applied in any timeframe. This can also be applied to any direction today; we will work with a short setup, but it is the same for a long setup. 1) Daily Resistance zone: If we...
Hello traders! We hope you are having a beautiful day today. We want to show you and explain our full vision on the USD/CHF pair, detailing why we consider this pair to have bearish potential if certain conditions are met. 🔸 During the last two years, the price comes with a clear bearish behavior. We can see how it consistently generates lower highs and lows. 🔸...
a) Let's start with the Weekly chart: We have a clear bullish view, Support Zone + Ascending trendline. Those two levels combined on the same spot provide us with a solid level to think of as the beginning of a new ascending impulse b) On the 1H scenario, we can see: -The price is inside a range (between the Weekly support zone and the Next Resistance...
Good morning traders! Today we want to present you a situation that we consider to be very interesting for the short-medium term. In this case we refer to the USD / CAD pair, which, in our opinion, is in a decisive zone. 🔸We see that at the beginning of this year the price faced a resistance zone, where it was strongly rejected, and from there it began a good...
Here, we will expand the information about the chart. Corrective Structure: Tell us about an accumulation/distribution process. That means that Institutional funds are trying to buy the maximum amount of an asset. Remember, they have a lot of money. They cant set a buy order as Retail traders do. They need to average their buy on a range (that takes time). The...
Happy start of the week traders! Today we want to share this idea that we find interesting regarding the upcoming behavior of GBP/USD. 🔸We see that the price after bouncing off the resistance zone and breaking the Asecnding Trendline began a consolidation. We were expecting a bearish continuation but it clearly did not happen. On the contrary, the price...
Main items we can see on the chart: a) The price has reached a major Support zone b) The previous bullish movement happened in the next sequence: -The price broke a descending structure -The price made a corrective pattern above the broken descending structure -New bullish movement came after the breakout. c) If we take the previous scenario as the...
Today we will speak about the Huge corrective structure that has been broken on US500 a) After all-time highs of September 2020, we had two months of sideways movement and the presidential election in the middle of all that. Then, Pfizer came saying "we have the vaccine" and a new all-time Highs came. b) After that, we saw a new corrective movement, with...
Good morning traders! Today we want to share with you an idea that we have in the EUR / USD for the long term. Keep in mind that it is a vision on a monthly chart, so it probably has a time horizon of years. 🔸What does this idea imply? 🔸This pair generated a great bullish momentum from 2000 to 2008, rising approximately 95%. After this abrupt rise, we see a...
🔸Clearly, Tesla has been one of the most relevant Stocks of 2020. Both for its exponential rise and for its split. 🔸We can see in this daily chart that after the split, the stock has been consolidating since then. 🔸As in any strong trend, when the price consolidates in a range, it tends to break it in the direction of the movement in order to continue the...
In today's analysis, we will understand the possible targets for the bearish movement triggered by the breakout of the previous support zone. -The breakout of the previous support zone gave us a solid idea that bearish pressure was on the way. Before that movement happened, we can see 2 consecutive corrective Structures The first one (the yellow one) of bigger...
Good morning traders, today we want to show you a bullish trade opportunity that is forming in the EUR/JPY pair. 🔸 As we can see, the price remained in a downtrend for more than two years, moving within a bearish channel. 🔸 Some months ago, this channel was broken to the upside along with the Resistance zone. 🔸 This gave us a great bullish indication, but...