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What is next?Quick update on GU. Let's have a look on Daily timeframe. We have a clear Doji candle close on Friday with bearish body, which tells me that this area is controlled by bears. Anyway we have 2 wicks rejections from that area which I previously mentioned to everybody here. So what will be next? According to the nature of the market - we always have 2 phases - impulse and correction (pullback). So after a huge impulse on Daily timeframe which starts from 1.2672 ( 850 pips move) the correction should start to form. I found 3 psychological levels - 1.3300, 1.3200 and 1.3100. So for now those 3 levels will be support area for me for the upcoming week. Long positions is not taking to the account for now. BUT if we will brake the resistance region - 1.3470-1.3515 I will check the chart one more time lol. Do not forget about false breakout as well. Cheers to everybody!
by Infinity_Limits_Trade
What is next for EURO?So let' start... The EURO already reached a point of 1.2000 . This was our main point. My previous post was about a reversal after psychological level of 1.2000 and correction to 1.1890, but the minimum of correction was 1.1923 (33 pips left) What do we have now? The price was broke the level of 1.2000 potentially start to form a new impulse to the upside! To be honest with you - I still can think the price will pullback at least to the main zone of support for me 1.1900 (general area) . Next daily resistance level is 1.2200-1.2240
by Infinity_Limits_Trade
Our second support was reached!Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait for a pullback, and later on to go for a long. Need more time here to figure out some PA and as always keep you updated! So stay tuned!
by Infinity_Limits_Trade
TIGR set to run wild! Long term and near term views...NASDAQ:TIGR is setup to rebound on support and make a play to the upside for a lengthy uptrend that should continue til next earning release around early March 2021. Below I will show you the Big picture and the Near term Picture.... BIG PICTURE TIGR is in a weekly and daily channel from 6 months ago to now and is headed to the lower band of that channel but has strong support near 5.50, 5.50, 4.75, 4.50, 4.25 and 4. Let's start with the WHY will it rebound?!? This is the robinhood of china and just had an earnings blowout last week. Absolutely amazing earnings of 130+% for users, rev, net profits. China just dumped 30 Billion into their market this week as QE. There is no slowing down for this company any time soon as they are valued at having customer counts in the single digit millions and in an asian market they have virtually unlimited customers to gain locally. The stock took a hit with profit taking and lack of catalyst after the huge earnings but the value still remains. now becoming oversold and undervalued this company is ripe for a large lengthy upside into next quarters earnings. The channel has upside to 9.00 and downside to 4.75 so @ 5.50 this is a STEAL. NEAR PICTURE 6 month, 3 month, 1 month uptrend embedded readings, 1 week pull back (retracement) signaling profit taking from last quarter. CATCH the wave and ride long my friends.
NASDAQ:TIGRLong
by TheStockMarketSniper
1
Potentially LONG to 1.9200Let's have a look on USDCHF. I mentioned before that we are looking for some trend change after getting inverse H&S pattern and we go back to 1.9200. here you have According to our chart on 4H timeframe - we can notice that new impulse after false breakout was already formed. We just retested our main intraday resistance level at 0.9090. Potentially for me it is gonna be a huge move to the upside back to 1.9200. Hard to say how deep can we go from now, but my last point will be support area on 0.8990 - 0.8980.
Long
by Infinity_Limits_Trade
Will be new impulse ?Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main resistance 1.3470-1.3520 we gonna look for short. And then hope the price will reach out daily support zone at 1.3100. So let's check my forecast on GU.
by Infinity_Limits_Trade
Wait for the last impulse Hey traders, let's have a look on this currency pair. I mentioned on the weekends that it is gonna be perfect example of how the pullback can be created)) After getting double/triple formation we start to form new impulse to the upside, which was entry impulse for us! The MA50 was successfully broken so it is a straight signal for me the trend is gonna change.. at least I am waiting for one more impulse to the upside just to hit my TP and main resistance level inside of this range. Let's see how this will play out!
Long
by Infinity_Limits_Trade
GU indecision for now?Hello traders! Let's have a look on GU. As usual, I started my analysis on 4H timeframe. What did I noticed here? We got clear uptrend to the upside which means we are looking ONLY orders for BUY. Resistance on 1.3280 - 1.3300 was successfully broken and retested 3-4 times! I also see that we got 2 wicks rejections from our level which means that this level is in control by bulls! When we stepping down on the lower timeframe 1H we can see that trend reversal starts to form (potentially forming a picture with LH,LL) So for me it is more like the trend is changed and to be honest with you - I would like to see the price hit 1.3100 level! Let's see how this will play out!
Short
by Infinity_Limits_Trade
Are you ready for the move of 150 pips?Quick update about USDCHF. Early on I was telling you about my focus on 1.9200, which you can clearly see on the chart right now. On 4H timeframe we broke our support region and start to retest that level. I am not looking for short for now, but bigger picture is telling me that the trend to the upside is very likely! So when/if we get the Inverse H&S pattern I will look for a LONG position with huge RRR. Are you with me to catch that huge move 150 pips? Let me know below!
Long
by Infinity_Limits_Trade
3
BAJAJ FINANCE LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . BUY ABOVE 4845-4865 IF THE LEVEL IS BROKEN WITH VOLUME AND CONVICTION. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!
NSE:BAJFINANCE
by ReeAishw