tradetheday

tradetheday

Hello Fellow Trader! Silver forming ABCDE trend continuation pattern prior to the US election with final E wave to complete. A bearish candle reversal is critical at the distribution zone to enter silver short to fulfil final E wave drop. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Break of trend line will support a...

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Hello Fellow Traders! GBP/JPY daily chart pulling back to 61.8% Fibonacci retracement along with bullish hammer outside Bollinger band. GBP/JPY price hovering below the 50 EMA and trend line making its 4th attempt to slice through to commence the new trend. Flags, triangles, or pendants may form above the trend line for further confirmation. Key...

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Hello Fellow Trader! Price at 78.6% Fibonacci for possible upside to tag 0.70760. Crucial to enter AUD/USD after bullish candle reversal signal. AUD/USD - Multiple signals suggesting the bounce including price outside lower Bollinger band, 78.6% Fibonacci retracement, and candle rejection. Key Points: - 78.6% Fibonacci retracement tagged - Price at lower...

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Hello Fellow Trader! GBP/AUD daily resistance range broken simultaneously with the 200 EMA. Looking for a pullback at 78.6% Fibonacci to the accumulation box with bullish candle reversal for confirmation to take GBP/AUD to target 1. Key Points: - Volume dropping with higher high and higher low candles - Price holding above the 200 EMA - Price holding above...

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Hello Fellow Trader! EUR/JPY 1-hour downtrend could now be over with huge spike in volume but no follow through absorbing selling pressure. Bullish hammer also confirmed at double bottom support line on daily. A clean close above the trend line would be desirable for confirmation entry, but an optimal signal can also be a close above the hammer high. EUR/JPY...

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Hello Fellow Trader! EUR/GBP holding demand zone and tightening through the compression wedge on the daily. Strong candle continuation after two bar reversal, must wait for a retracement back into the optimal entry. If price stays bullish, chasing is not desired. We could see a small flag pattern form on the 15-minute time frame for EUR/GBP continuation to...

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Hello Fellow Trader! PNV.ASX flag break for possible $2.80 test. breaking out of flag with strong sell off into close. A hold above $2.50 would be a great opportunity to target $2.80. PNV.ASX - Polynovo LTD is an Australian-based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb...

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Hello Fellow Trader! USD/CHF forming a flat top triangle for a break to the upside. USD/CHF daily chart hitting major support found in August and September coinciding with lower Bollinger Band and 38.2% Fibonacci from August 2011 low to December 2016 high monthly chart. US dollar index may start to strengthen as risk comes out of SPX and Nasdaq and seeking...

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Hello Fellow Trader! Potent gravestone doji candle confirmed on Fridays 4-hour time frame close at major resistance 0.91000, signalling bearish momentum for EUR/GBP. EUR/GBP also crossing below trend line on 1-hour time frame confirming execution to target 0.90600. Key Points: - 4 Hour – Gravestone Doji @ 0.91000 - 1 Hour – Crossing trend line - RSI in...

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Hello Fellow Trader! AUD/JPY low volume pull back on the 4-hour time frame coinciding with technical signals. Bearish engulfing pattern closed on Friday signaling the entry for AUD/JPY to target the lower Bollinger band as low as 74.200. Key Points: - 4 Hour – Shooting star above Bollinger band - 4 Hour – Price below 50 EMA - 4 Hour – Price below 200 EMA - 4...

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Hello Fellow Trader! Bitcoin has advanced breaking its August high and reclaiming 12500. Ethereum is now lagging the move with signals suggesting it could follow. Ethereum - Volume spike above 50 EMA and close above the daily flag pattern. Moving down to lower time frames will also provide smaller continuation patterns for upside. Key Points: - Price...

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Hello Fellow Trader! Quite a few signals suggesting GBP/USD is ready for a short term fall back to test 1.3000. Daily chart also confirming price at 61.8% Fibonacci retracement and in overbought territory supporting the thesis. Once price hits target 1, it would be wise to book partials or move stop to break even. Key Points: - Price hits major resistance...

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Hello Fellow Trader! Bullish candle reversal outside Bollinger band suggests we could see short term rise in price to 12850 for DAX. DAX - Moving the stop to break even would be a wise move once target 1 hit. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Outside lower Bollinger Band - RSI oversold territory - Waiting for...

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Hello Fellow Trader! GBP/AUD has three weekly chart resistance signals aligning for a possible short-term drop. Price could break the high then form a bearish reversal for entry, but any type of shooting star, bearish engulfing, or dark cloud over in the disruption zone is acceptable for an entry in GBP/AUD Key Points: - Weekly – Price retesting trend...

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Hello Fellow Trader! AUD/NZD sitting at the lower Bollinger band on the daily chart clustering with 200 EMA. Price also break above 1 – hour time frame trend line, and 15-minute chart showing a flag for possible upside. Wait for a clean break of flat for AUD/NZD execution. Key Points: - Daily – Price at 200 EMA - Daily – Price at lower Bollinger band - 1 –...

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Hello Fellow Trader! AUD/JPY supporting price with multiple signals suggesting a short-term bounce. RSI divergence in the oversold territory clusters with 78.6% Fibonacci and a drop in volume. Key Points: - 1 Hour – Outside lower Bollinger Band - 1 Hour – Below RSI oversold - Price holding below the 200 EMA - Price holding below the 50 EMA - Fibonacci 78.6%...

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Hello Fellow Trader! USD/CHF strong impulse sell down onto major Fibonacci 61.8% coinciding with price smashing through lower Bollinger band, RSI oversold territory and drop in volume. USD/CHF - This signal cluster shouldn’t be ignored following a bullish candle reversal for a short term bullish advance. Key Points: - Price holding below the 200 EMA - Price...

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Hello Fellow Trader! NZD/JPY advancing into the 70.00 resistance level for a possible distribution zone. Must wait for a solid bearish candle reversal signal for optimal entry, or a solid candle close below the yellow trend line for NZD/JPY supporting entry. Key Points: - Price hugging above the 200 EMA - Price holding above the 50 EMA - Approaching 70.00...