USD/CAD: Bought in the pull backU.S. Dollar/Canadian Dollar forming a nice entry in the market live. What I see that USD/CAD break-out this bullish rising wedge what we could to appreciate it in H4 timeframe
This it's the bullish risng wedge, we pass the ABCDE Elliot Wave, what we could to expect it's that USD goes strong in front of CAD
If you want to bought like me, you can to do the following, put the buy order limit to $1.2848 CAD. Stop Loss to $1.2811 CAD (-36 pips) and take profit to $1.2942 CAD (94 pips)
I hope that his analysis support you
Good Luck
In the past month, July 2022 I made 17.88% in earns and Loss of 9.78% . I expect to get 20% monthly but I earned almost 18%, but not bad/ But I can to work better month to month and weekly to weekly.
Bullishsetup
CAD/CHF: Bullish butterfly harmonic patternI found out that Canadian Dollar/Swiss Franc forming a bullish butterfly harmonic pattern with the correct measure using Fibonacci for harmonic. But I see that CAD/CHF as forming this bullish perspective. I believe that CAD/CHF will continue drop, yes drop but doesn't drop as I expect because we see a wick of manipulation zone that institutional are interesting to buy this forex par.
I show clearly the rejection point, and also in H1 you can to see better as in H4 timeframe, because the drop was stopped and doesn't make a drop in the price, just a wick of rejection in that zone.
Also, there's a good opportunity to buy now CAD/CHF. I entry in the 2nd trade and entry to $0.7481 CHF, Stop Loss to $0.7452 CHF (27 pips) and take profit of $0.7530 CHF (51 pips). In my first trade I entry around $0.7486 CHF, For update, I put the same Stop Loss #0.7452 CHF (32 pips) and take profit of $0.7530 CHF (46 pips) This it's a risk/benefi 1:1, but have a lot potential to reach our target.
Good luck!!!
USD/JPY: ABCD bullish patternIn this update, USD/JPY forming an ABCD bullish pattern, what we could to see a long position right now that could to reach in the 0.382%. I use Fibonacci for armonic to calculate my potentials target. Also, I can see a double top in that chart and we're in the possible invalidation of this broke-down of support, our main resistance will be exactly to $137.61 JPY. Also, you can to draw a bullish butterfly harmonic pattern, but I put my analysis more easily to analyze it. Because it's the same calculous to measure it.
At the moment, the price still up, but I hope to continue climp as I Hope.
Good luck in this long position!!!
Remember, I entry around $136.61 JPY, Stop Loss to $136.11 JPY (update) and take profit to $137.61 JPY and a point to watch $137.30 JPY to know if the price could to continue up, Otherwise, the position could be closed up manually so near of $137.30 JPY analyzing the candlestick
EUR/JPY: bullish divergence and break outEuro/Yen Japanese break out this structure and want to continue climb that we could to get a good trade in this par. And also we forming a bullish divergence in the RSI and price action too.
We're in this way forming a bullish divergence
In Daily timeframe it's look bullish from this key support zone above 138.50 JPY.
I put a buy order limit to $138.76 JPY, Stop Loss to $137.98 JPY and target to $140.00 JPY. This it's look a potential trade to find up 138 pips.
This it's a quickly analysis today. I hope that this idea support you
Good luck!!!
NEARUSDT short term bullish divergenceNEARUSDT on the 4h timeframe showing the bullish divergence on RSI and MACD indicator while the price is making lower low however getting above 20MA and respecting it as support we could see a short term bounce on NEAR up till 200MA at 4.656 approximate level. If the bullish divergence gets played out.
ETH/USD: break-out of this bearish trend lineIn H1 timeframe. Ethereum made this break-out of this bearish trend line formed in H1 timeframe. And also, draw the Fibonacci level, Ethereum it's in the bought point in the 0.382% Fibonacci level. And maybe what consider, it's that Ethereum could to reach $1,200 USD, in the exactly EMA 200 point. And we could to get this long opportunity to find up 14% of movement.
I will put a long position now and Stop Loss to $1,005 USD and my own target in this day trading will be $1,200 USD. And my entry price was around $1.051 USD.
And well, analyzing the H4 timeframe, the trend could to be consolidate for few days until Ethereum fulfill the next step to crash, what I expect in medium term.
Good luck in this long position
10 year We must see how the markets react to this dump to the 10 yr, my gut thinks this could be a fear trade which causes money to leave risk and head into USA gov bonds. I would assume that at some point around 2.4% (618% golden ratio) a bottom will be found and the inflation narrative will be silenced for at least some time while Oil has a decent pull back to $60. Then the W5 will kick in and maybe intitially seem bullish while rates climb in a structured manor till around 3% or 3.2%. After rates hit that level inflation may start to appear again in the MSM. Once w5 really kicks in and heads towards 3.5%-4% plus this will likely be the debt market melt down. So watching DXY, stocks and crypto how this all plays out
CAD/CHF: Pending in the bought possible!!!Canadian Dollar/Swiss Franc forming a bullish market structure that the price could to climb up and we see an interesting long position to watch now
Analyzing the H4 timeframe, I mark the key point of the Elliot Wave Cycle that you can to read in the link that I post in the section to related ideas.
But analyzing more deep, the price it's in the 0.382% Fibonacci and we expect any bullish signal in the price action in H1 timeframe.
The H4 it's my fast driven to look, but I put my conservative target in H1 timeframe.
I will udpate this par when I identify a bought signal
USD/CAD: Bought by fundamental news in USDThe U.S. Dollar start with good news vs. the fears in the global economic slowdown in the global financial market. Meanwhile, I see a good opportunity to long this position U.S. Dollar/Canadian Dollar in H1 timeframe. For that, I put a buy order limit to $1.2880 CAD with Stop Loss to $1.2816 CAD (64 pips) and target to $1.3054 CAD (174 pips)
Meanwhile to recall, on Wednesday, we have a important economical news about interest rates where the FED it's being intensify the global monetary policy tightening inflation data, and where FED suggested more aggressive monetary policy. But economist expect that FED move and increase the interest rates for 0.75%.
So guys, i hope that this economic news become bullish and optimistic at favor of the bullish trend sentiment
I hope that this idea support you!!!
Good luck!!!
CAD/CHF: Elliot Wave Analysis ProjectionCanadian Dollar/Swiss Franc forming an Elliot Wave Cycle that could to continue up to find the Elliot Wave #5 in this timeframe. But analyzing more deep, the yellow number reflect the Daily timeframe what I draw more better here in my own analysis here:
We're forming the phase #5 of this Elliot Wave Cycle. And look in H4, we see that we're in the good point that we can to bought in the drop of this phase #4 of this Elliot Wave Cycle in H4 timeframe, and now, we're in the interesting point that we could to find up long position following this model and example
Everyday i work better in my analysis and I earn experience to make professional analysis with nice design and template, more understood, classic and modern
I hope that this idea support you.
In some minutes, I will post my 2nd analysis of CAD/CHF to know if we're in the good point to bought!!!
EUR/CHF: Triple Bottom bullish patternEuro/Swiss Franc formed a triple bottom pattern in H4 timeframe, but there're not any entries yet as I hope a possible pull back to $1.0340 CHF or in the gray zone. We could to open a long position when we see a bullish price action in the gray zone to entry to long.
Keep this trade in your radar in the next movement!!!
EUR/USD: 0.382% Fibonacci entry priceEuro/U.S. Dollar continue in this bullish trend in H2 timeframe and I see that the price make a lower high in this uptrend formed in H4 timeframe what we could to find up long position in this trade and find up between 80-90 pips as target
We could to open this trade tomorrow at 5:00 p.m. U.S. Eastern Time, but put a buy order place at $1.0721 USD and SL to $1.0689 USD (31 pips) and target between $1.0808 USD-$1.0818 USD (80-90 pips) in take profit
I hope that this analysis support you, I will udpate this par when open tomorrow at 5:00 p.m. U.S. Eastern Time
$UVV Beautiful setup IMOHighly recommend reading Stan Weinstein's book - Secrets for profiting in Bull and Bear Markets
Whole entire book is worth it's weight in gold.
He argues one of the best if not the best reversal pattern is the inverse head and shoulders. In my opinion UVV is setup beautifully and has just broken out of the "neckline".
Further, stock is healthy - price trading above weekly 30 and 10MA
Really love this setup, even if I'm wrong (highly likely), I'm going into this trade idea happy to have just found this setup.
Options are not very liquid, the only downside to this idea. Probably should have done shares, I didn't get a great fill but I'm swinging this a month out (at least) so if my thesis is correct , it won't matter.
TA implies the measure move is from bottom of "head" to neckline, or $22 , therefore target would be $83 with this set up in coming months - year
Also volume buy spikes indicates long base of accumulation by institutions.
Note - as with ALL breakouts, watch for a retest bounce, any pullback is a chance to add for this idea IMO, a break below the 10wk MA mitigate risk, break below 30wk MA invalidates trade.
Will be happy if I'm right and happy if I'm wrong - setup is beautiful
Cheers
USD/CAD: break-out of this structure; updateU.S. Dollar/Canadian Dollar still bullish, I don't going to closed up any position to long only in this par. But right now, we see a break out of this bullish rising wedge in H4 timeframe with a strong bullish candlestick pattern what I entry around $1.2792 CAD.
This it's my yersterday analysis of this trade as we see that we formed like a inverse bullish rising wedge in H1 timeframe and the bullish envolving pattern that I saw it.
At least, I keep this position until $1.2966 CAD. This it's a great opportunity in Forex market to find pips in this week
Good luck!!!
U.S. WTI Oil: bullish trend to $128 USDThe Oil continue pumping in H4 timeframe. As I have a trade from $109.94 USD to long position in H4 timeframe. I believe that in short term, Oil will reach $128 USD/barrel.
I keep long in this commodity, my SL still around $107 USD. But I'm bullish in Oil.
Meanwhile, I have some bad news about that Europe wan't to ban Russian Oil and U.S. add more sanction the Venezuelan Oil. For that, I suggested to stay alert if we see any rejection in the price, because another possibility it's a short position if the price lead by fundamental analysis, but at the moment, there're not any bearish signal, for that, I'm bullish in this commodity by the demand. But in case of short, the Oil nee to break down this trend line that I mark in H4, you can better here in H1 timeframe.
But as I'm bullish, I will keep this posiiton toward $128 USD. And my another long position toward $145 USD. What we could to have a good trade to found out.
I hope that this analysis support you. I will share yo my two previsouly analysis of Oil and also, of this update trade you can to click on where mean long to $116 USD. That this it's my new update here!!!
Good luck!!!
U.S. WTI OIL bullish setupIn 3 Daily timeframe, Oil it's look bullish and I add another long position to make a swing trading in this commodity.
The trade info it's in this display as I show you. I see that Oil could to reach $145 USD/barrel in my perspective and we could to find up good benefit in this trade.
Meanwhile, in weekly timeframe, we see that Oil it's look bullish in this side and it's leading in my own opinion toward $145 USD. I share this fibonacci analyze and I see that the price hold in the 0.382% Fibonacci support and we have 3 targets to note in this Fibonacci extension. But I consider that $145 USD it's a good point what Oil could to hit.
I hope that this analysis support you!!!
I'm in long swing trade in Oil
But more later, i will update my day trade to show my perspective, but I suggested that if you trade by Day Trading, change your target to $126 USD. because we see a bull run in this commodity.
EUR/CAD: bullish perspectiveEuro/Canadian Dollar it's look bullish in this side. But this it's a good position to take note right now.
So, I will open up a buy order limit exactly in the price of $1.3592 CAD and SL to $1.3544 CAD (48 pips) and my own target to $1.3710 CAD (118 pips)
The H4 it's bullish
Now, the H1 timeframe, I hope that the price make a activate the key buy order limit below of the market price becuase there're some order to being activate in this trade. Also, I have another point to monitoring the price of $1.3689 CAD to watch this possible key manipulation in that price.
I hope that this idea support you
CAD/CHF: UpdateCanadian Dollar/Swiss Franc continue to the upside as I saw and predicted it. Now, I put my break even in my entry price around $0.7502 CHF. Also, we're in profit with over 45 pips and my target it's around $0.7615 CHF
Also as we're in the upside, we would need to stay alert because we could to forming a harmonic pattern. In H4 timeframe
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing.
What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level.
Trade smart!
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