Breakandretest
Google -> Trading The Major Swings...Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪
Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the upside.
If you are looking at the weekly timeframe you can also see that Google stock just broke above and retested the strong psychological $125 level and everything is looking massively bullish.
Finally I am now just waiting for another retest of the daily $132 level and after some bullish rejection everything is pointing towards more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
2013 resistance level Today stock Vasco engineer
•This stocks at 52 weak high levels 65 is major resistance
• 2013 January 66 as high of the stock now trying to break this level.
• valume in stock show big move in this stock
• global market down trend but in this stock building valumes
• when market in up trend stock will give big move.
• take stop loss a 58 may break 66 level or test it level definitely when market up trend stock breaking 66 level
• 1:2 risk reward ratio
• fundamental is also good company but pramoter holding is less then 35% main conser this stock
• PE is lower then 3,5&10 year PE
• zerro debt company (0.16%)
NO RECOMMENDATION FOR BUY OR SELL
Bitcoin -> Bullish Move Ahead!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
You can also see that Bitcoin is approaching the weekly support trendline of the obvious rising channel so also from a weekly perspective everything is pointing towards more continuation towards the upside.
I am only waiting for daily market structure on Bitcoin to shift back to bullish and if we see a break and retest of the current resistance level then I also do expect another daily bullish rally.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
GBPUSD LONG AHEAD OF FOMCRecently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame.
A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
GBP/CAD to 1.73 today - trend tradeHey Traders! 👋
For Day 43/100 of our challenge, we will look at an update on our previous GBPCAD long idea (based on off-chart data)
Technicals:
- Break above 1.715 resistance
- Created new high at 1.722
- Expecting 1.73 today
- Retracement to 1.715 may take place before further upside
- Idea invalid on break of 1.705 downside
GBPJPY to 186 - strong resistance aheadHey Traders! 👋
For Day 41/100 of our challenge, we will look at GBPJPY long idea
Technicals:
- Ranging between 184-182
- Price squeezing towards top of range
- Breakout of 184 opens 186 upside
- Failure to hold 182 invalidates trade idea
A simple one for today since I'll be out and about. Hope you had a great trading week!
Ethereum Retest after a Breakout 📕We've created a bottom wick on the new monthly candle of 2.5%. The Weekly candle closed strongly above the Weekly Resistance zone to the left hand side at $1,909. We can observe a clear Higher high in market structure that formed pushing price up to $1,976. We have clean traffic (clean and clear candles) to the left hand side on the 4hr and Daily timeframe up to $1,995. Textbook break and retest for Ethereum here for a continuation higher. Price is retesting our previous 4hr resistance which may turn into support.. It's possible price may want to retrace a bit more to $1,924 Daily support level that was formed after Sunday's price action.
4Hr Chart ->
Daily Chart ->
NZDJPY to 0.89 - or overextended?Hey Traders! 👋
For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea
Technicals:
- Overall bullish
- Made a high at 88.50
- Expecting retracement to 87.60
- Target at 89
- If 86.80 is breached, idea is invalid
Other data:
⬆️ Seasonality is still bullish expecting 90 level
⬆️ Pattern scan is also bullish expecting 90 before deeper retracement
⬆️ Supertrend is also bullish
⬆️ Retail traders have extreme short positions which we would want to go against
🤔 What's your take?
Like and follow for daily high-quality trade ideas!
NZDUSD - Will The USD Rally Continue?Analysis:
From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline which has been respected multiple times, this gives us more confidence that price is in a downwards trend still. At our area we also have the 50% fib retracement level which we could expect sellers to be sat at wanting to push price down which again works in our favour. Fundamentally the USD is the 2nd strongest major currency pair making it very attractive to buy. The USD also has been on a rally recently showing that the bullish momentum is there. The NZD however is the 4th strongest major currency pair so when we compare the USD to the NZD we have more of a bias to be bullish on the USD then the NZD which goes in our favour for this setup.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Ethereum -> Back To A Bullish MarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level.
You can also see that weekly market structure is still quite bullish, the next resistance zone is at the $2125 level so I simply do expect more continuation towards the upside to then retest the next resistance area.
On the daily timeframe you can see that my previous analysis about Ethereum perfectly played out with a simple break and retest above the daily $1850 previous resistance - daily market structure and moving averages are also now back to bullish so I am now just waiting for break above the $1910 resistance and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GBPUSD I It will be heading downward Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPJPY Upside PotentialHey Traders! 👋
For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week.
Technicals
- Expecting a simple break and retest of 172.5 pivot zone
- Aligns with support zone + 62% fib
- Target is at 175
Fundamentals
- Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes
- JPY to remain on pressure as BoJ remains dovish policy stance and a few more ways to go before considering shifting
Gold Downside Potential👋 Hey Traders! For Day 11 of our 100-day challenge, we're looking at XAUUSD/Gold downside risks.
- Major support at 1980 was broken last week
- Made a low at demand/support zone
- And now we're retesting 1980 area as resistance
We're looking to go short around this area if LTF gives clear sell signals.
We're looking to re-target 1955 recent low. SL could be above 1995 (conservative).
Purely technical analysis, fundamentals have not been considered on this trade idea.
See you guys tomorrow! 👋🥂