EURUSD GOT TRAPPED IN A BOXregarding our live trade, as asian market openS, price enters into a consolidation phase.
still holding tp moves sl to entry and we have risk free trade baby.
CHEERS!
BOX
GBP/JPY Bias ChangeMacro Bias Change on JPY pairs
I see a bearish shift to then Yen
in 2021.
Therefore this setup has now been
shifted to a long trade.
GBP/JPY Updated IdeaGBP/JPY Update
- Price may continue lower and break
range due to the D.T.
- Market makers might start dragging
price down instead of letting price
hold this level.
- Looking Left GJ has been very sideward
and ugly, with no real daily trends or
momentum bias.
GBP/JPY Short IdeaMy Thoughts on GBP/JPY
- Setting up Similar to AUD of course.
price forming a box with price creating
a strong resistance.
- Looking for an Opportunity on a bearish
break of box, with large bearish phase due
across all JPY pairs.
I want to wish Everybody a Happy New Year. Blessings and Positivity for this Upcoming Trading Year, it's setting up to be a great one.
SPX-short swing-technical analysisprice in ranging market reaching resistance line and may bounce to support, watch for stochastics crossover for above 80 for confirmation.
Pressure may form this triangle congestion areaSince okex withdraw is blocked yesterday, Bitcoin drop sharply almost 200 dollars in 1h. but this kind of negative new doesn't affect too much to Bitcoin, the price has come back to 113xx when the day closed yesterday(still in the box), which will be a bullish sign for the long term market.
I expect the break out of the box will happen before week closed, since two time tries to break 115xx have been made. the accumulation is strong enough here and stoch RSI looks bullish also(please check the previous analysis for box breakout). 4 hour bar bullish, which will make the third try to reach 11500 in next 4h, if the break out is strong enough, it will try to reach 11600, even 11800. but day bar bearish and a triangle congestion area seems to form here. thus if it fails and drop below 11300, it will try to reach 10800 there, which will make triangle congestion more convincible.
resistance: 11500, 11630, 11830, 12000
support: 11300, 10800, 10600
USDCAD - Buy BiasI am extremely interested in buys on most XXXCAD pairs but USDCAD in particular. After analyzing the DXY I have a strong feeling that bullish pressure is imminent. I would like to see a pullback into the key area marked followed by significant rejection before I consider my buy position. We need to ensure we see signs of rejection because if we don't we could simply be witnessing a liquidity grab from sellers before the bearish trend continues.
COT Data - 79% Long
IG Client Sentiment Data - 79% Long
XJO breakout imminentS&P 200 (XJO) is currently pulling back at resistance, but has formed a great looking Darvas box. If it can break above 6200 and hold support, we are going to around 6650.
A fib extension still puts the next move to 6300. I expect a pull back to test 6200 support, then resumption upward. After that the next extension is just above the ATH.
This is also forming the start of an Elliot wave after the counter trend move (consolidation).
XMR has almost completed measured moveXMR has completed the measured move from the breakout of the consolidation box.
This also lines up perfectly with a fairly major resistance level from back in June/July 2019 and September/Oct 2018
I don't expect XMR to crash, it will probably go sideways before breakout.
If XMR can break $120 and hold support, I would expect a move to $200-215.
XMR potential breakoutIf this retrace on the 8hrly holds, and we have a resumption upwards, I would be looking to go very long here. Monero has held up extremely well during this indecisive market.
Price Finally BreaksWe discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern.
Price has finally broken out of this consolidation and exploded higher.
The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry.
If price rotates lower back into the old resistance it could look to act as a new price flip support level for long trades.
Kotak Bank =- Breaking out.Kotak Bank.
Breaking out.
Long consolidation.
Broke out of box.
First possible target 1550 range as marked by line.
Stochastic and RSi are as per rules.
ATR is still low.
Also closed just above last 100 day price range.
May explode this week.
GOLD APPROACHING LIQUIDITY AREAGold looking like we are heading on a short term bull run until 2010. Waiting for a retracement to the 1950 zone before looking for potentiall upside moves. Was favouring a drop on gold to the 1815 zone before looking for higher highs but 1912 level hold pretty well and we are looking for a pullback. Check my technicals on GOLd and leave a feedback. My target will be 2010 for the market to pick up orders and then looking where liquidity will push the price.
#tradesafe #theforexdaddy #tfd
Tata Chemiclas - Box breakout. possible?Tata Chemicals.
Larger green candle with volume break out.
Stock above 9 EMA
Just waiting to clear the box.
But need to watch 338 - 340 levels .
Last couple of years seen resistance in that area.
SO a breakout above 324.8 for 335 area should be possible.
RSI and Stochastic are with rules.
LAST WAVE OF THE RANGE, TIME TO BREAKIt is casual for usd/cad to retrance, but I think now its time to break the range and move in one direction. I have strong bearish bias on this pair. I am waiting for a break of the range at 1.35 and a retest to confirm a down move to 1.34 and then probablly 1.332. Moving averages crossed on 4h and daily and we are trading below them.
#tradesafe #theforexdaddy #tfd
TEAM breaking out of 180 185 levelsTeam breaking out of box and 185 levels.
I will enter above 189 keeping 180 as SL for a target 210-214 levels
It has taken support at 50EMA.
Being within channel it could also be held until channel low is broken. But i am not much fan for holding a long time.
CCJ Cameco CorpCameco consolidating, potential box-breakout, jump above $11.10 is a buy...
Meanwhile, commodities across the board are bid, CPI surprised to the upside today in the US, crude oil CL2 is right on key resistance as well.
Resistance level become a new supportLast week we were watching for a breakout higher .
Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected.
The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if price just folds up and rolls back into the box area.
