CADJPY H4 - Short SetupCADJPY H4
Next entry point marked on, as described in the technical rundown, and break and subsequent retest of this interim S/R level at 89.00 would be our next point of entry. Sold off a solid 110 pips last week.
89.00 down to 88.00 firstly, with potential to extend further beyond, targeting 86.300.
Canada
QSR - Tim Hortons - Is it finally time to buy ?After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.
TSX Utilities - Interesting junctureSecond test of the 200 dma for the utilities and what comes next ?
Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ?
Utilities are notoriously defensive stocks held as last resort for safety and yield
My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness don't try to buy the dip too soon most likely will get more opportunities in 2022
favorites amongst this sector are TA - FTS - SPB
LRDJF St. James Gold Corp. oversold St. James Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold.
Price Target 1: $2.05
Price Target 2: $2.90
Stop loss: $1.05
Looking forward to read your opinion about it.
wheat will have to enter it's cyclewheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities.
by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple false breakouts are to expect once the price is bellow the neckline. i don't think it's a coincidence that the natural target of the pattern coincides with a round number (600), witch has been a strong resistance and support in the past.
EURCAD shortHey Traders, today we are monitoring EURCAD for a selling opportunity around 1.14245 zone. we noticed a breakout of the daily demand zone , so we might consider going short on the retrace.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use proper risk management.
Joe.
CADJPYCADJPY we have good sell possession here as you can see because we broke good support zone here and this day candell is Pullback and you can take a sell possession and suggest you first go to 1 hour time and if you see a good sell candel take a sell possession
Thanks for reading
Dont forget Like and Follow
GBPCAD LONGHey Traders, in the coming week we are monitoring GBPCAD for a buying opportunity around 1,675 Respecting the ascending Monthly Trend in combination with the Monthly Demand Zone. Once we will receive any Bullish confirmation the trade will be executed.
Trade Safe and use proper risk management on swing trades. because on the long term the movements are more large comparing to intraday trading. so you must use a larger SL with a lot size more smaller than the one you use for scalping.
Trade Safe, Joe.
ERF NEXT BULL RUN (DD) insideyo new investor here but i'm different like khaled so its a 100% win every time. we DOW BEST MUSIC !!!! (LMAOO)
here is my tip: buy this single stock ERF !! it's the safest stock and is advised by all of the screener apps/companies so it will always be the goto for noobs like me who are just starting out.
right now theres a STEEP red bar, no reason not to buy now. (not sure what happened if someone knows please do.)
there is NO WAY THAT THIS WILL NOT FLYYYYYYYYYYYY.
msg me for more tips. i know how the market cycle works by doing acid and watching buffet.
Good and Long Term InvestmentThe stock almost bottomed up and have huge potential.
The stock might perform great due to :
- The cinema complex are open.
- Vaccination is out and government plan to vaccinate everyone by June.
- There is no reason why someone won't go to CINEMA in summer.
- Trend is favorable
Consider it as good buy , I am setting 2 target for myself and will re-enter after taking some profits.