EURNZD - FOREX - 11 April 2021we have a good priceaction pattern in this chart.
as always I'm waiting for the price touching the support and resistance and after that i should wait for a good confirmation, then I will enter that trade,
we have another option that we should wait for the price breakout the pattern and after a pullback and good confirmation , enter the trade!
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APPL
XAUUSD - CFD - 11 April 2021Hello traders, I hope you guys had a great weekend.
first of all I wanna show you my analysis in Gold.
there was an strong resistance in 1737 - 1741 area and price already broke this and retest it as support zone. there's and pin bar on the support area and we can use the pin bar strategy in this case.
well, maybe I take this trade.
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Bullish on APPL (APPLE STOCK)Price has failed to break below the support/demand zone.
As you can see price has been respecting this area for quite sometime.
If you look at the weekly time frame, you will notice where I have the listed as the neckline is where price broke below that minor former support area. I am expecting price to possibly "retest" this area.
Price has began it's push to the upside. I'm looking forward to price to ultimately test the resistance/supply area.
EURCHF - FOREX - 07 April 2021Hello Traders! How do you feel today?
What do you guys think about #EURCHF ?
so, as you see there's a wedge pattern and as always i'm waiting for breakout + retest + confirmation = Then I'm gonna take this trade.
This is the Daily Chart of #EURCHF
Show me some love with following my tradingview page and don't forget to like this idea🙂❤️
Good luck!
Apple--> bulls are holding the fortApple today ended up higher , also bulls tried to bring it down but were not successful. It has moved above 20 day average which is bullidh . I am still bullish on apple , i believe it should go to 127. Also remember apple follow weird pattern, its up and down does not co relate with any index
I hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice. Dont forget to like , follow me and check my other ideas
Here we go AGAIN!! Appl Analysis with entriesIm back!!!. If your a new or old trader/investor looking to purchase NASDAQ:AAPL then the following information will serve you well.
Currently NASDAQ:AAPL is trading at $119.58 at the time of this writing. Market volatility levels are HIGH due to the USD inflation being pumped up by the injection of the massive Stimulus Bill that was just signed into law recently. Making for an ideal trading environment for the savy investor which knows what to do. Now if you don't know what to do, let me help you a bit. Let's get straight to it!
You and I both know that NASDAQ:AAPL is fundamentally one the most stable companies if not the most stable company in the world with a cash holding of $195.57 billion dollars as last reported. As well as a remarkable financial statement & balance sheet showing nothing but future growth with out a doubt Even when it is under performing last years Q1 reports NASDAQ:AAPL numbers still do ALL the talking on their own. During times of slow downs like these in stocks due to the US dollars value increasing & stocks retreating to prior prices, it creates the perfect opportunity.
So what is this opportunity I speak of? & what does all this mean for a trader/investor like yourself?
It means, that these market environments are creating the perfect opportunity for a pull back entry that allows traders to purchase the most powerful company in the American stock exchange at a much lower price than it currently averages at. Which is why I chose to break down this stock today.
**Disclaimer**
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:AAPL
Fundamental Analysis = LONG (BUY)
Technical Analysis = SHORT-TERM SELLING (Pull back into our LONG positions)
Sentimental Analysis = Market is taking a breather due to USD valuation increasing.
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is up fundamentally.
So since we know the overall trend is upwards but we are currently headed downwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced heavily down to the 61.8% fib level at $119.14. This area still makes for a great BUY trade. Markets are still showing downwards momentum as dollar keeps heading up. If momentum continues downward we can eventually see an amazing bargain price at the following fib level the 78.6% which is anywhere from $114-$112.09
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
23.6% = $135.00 (BUY)
38.2% = $129.00 (BUY)
50.0% = $124. 00 (Great trade opportunity) (BUY)
61.8% = $119.15 (What i consider the PERFECT IDEAL TRADE) (BUY) *Currently we are here*
78.6% = $112.10 (ABSOLUTE BARGAIN!!) (BUY)
Take profit 1: $125 Secure about 10-25% of profits in this zone
Take profit 2: $145.09 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a tech stock will most definitely return to break more records in the upcoming months when the continuation wave arrives. If not just stand back, take notes and analyze price action.
If you guys enjoyed this break down please drop a LIKE/COMMENT & make sure to hit that FOLLOW button. Cya'
Is APPL getting setting up for another crash?Personally I think Apple just like many other tech and speculative stocks are setting up for some major corrections. Personally I see Apple going down to $80 within the next year.
First I want to talk about why historically we about due for one. I have the 50 and 200wma pulled up on the chart. You'll notice Apple has been in a Constant uptrend since April of 2003. Its first Rally was from April 2003 until march 2009. That was the first time it tested the 200wma. Then you have another rally from the bounce off the 200ma all the way till 2013 when it crashes off the 200wma again. That was Close to a 4 year rally. then we go from the bounce off the 200ma in Jun of 2013 until it crashes and touches the 200ma again in may of 2016. So basically a 3 year rally. the next one was the bounce off the 200wma in Jun of 2016 till December of 2018. So this rally lasted about 2.5 years. Now we are in the Current run up from Jan 2019 till today. That's a little over 2 years. As you can see each bull rally since the tech crash has gotten smaller and smaller in time. Personally I see nothing on the charts, economically or anything going on with Apple that would justify this rally lasting longer then the last one at 2.5 years. Its been in a downtrend since the beginning of the year basically which I think is hinting it will touch that 200wma sooner then later.
Also when you look at the tops of each rally over the years they do look a little similar and I don't think the downtrend it is in now looks much different.
Best of luck on your trades!
Apple ready to flyApple has consolidated for last 4 weeks. Apple weekly resistance is around 121 which bears were unable to break with rsi divergence , i feel apple is ready to fly. (trading idea here is for education and entertainment purpose. Do trading at your own risk).
Why apple should go up
1- good fundamental
2- market got bullish
3- my experience has been apple follows weird pattern, usually it does not follow market direction
4- sitting on 4 week of support
5- apple car will be arriving in next few years
6- apple sitting on large amount of cash
How you look at data matters!When you compare Apple performance in the last 2 quarters you see
EPS increased more than 2X , and revenue also surged almost 90%
Yet average monthly trading volume decreased 35%, and stock price is 20% below its all-time high!
Welcome to the reality of Bear market, when even solid fundamental can’t save the biggest company on the planet!
Bobbin for Apples in Pandoras Box: Bull or Bear?Apple will be grabbed by a box intersection of long term and short term trend channels. Watching price action closely, bullish pattern via arrows show potential path forward. $107-$114 will remain key support levels. Any break to $95 should be a clear exit signal, with downside to $78-$48.