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S&P 500 could be interesting So when we look at the chart we can see that the price has been going down for a while now and we can see that we are down about 15% from the all time high. At this moment we are in a zone that I have been looking for a while now to see if we could get some reversals happening and see the price going back up again. We can see that the price did try to break below that zone for a few times already but it was not able to really go below it and stay below it. That's why I have the wick line drawn up in the chart because we did saw before we got the all time high that the price did close below that level but never really went down big below it. I think that as long as we can stay above that zone we could see some big upward moves happening here. For now I am just going to keep doing what I was doing and keep investing into it on a regular basis. It could be that if we so get a good reversal happening here that I will go and buy more than I would usually do. But for that it is still waiting to see what next week will give us. Wednesday will be a good day to see how reacted on the zone and then we could see if it has respected it and reversed off of it. We do need to have a look at the volume than as well to see if it is a valid reversal or not but that is something we need to wait for and see on around Wednesday. It could also be that the price is not going to move a lot and then we just need to wait a little bit longer. I will keep this updated when needed and have a daily look at it to see how it is moving. If you have any questions feel free to send me a message. If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments. Everything you see on my profile is just for educational purposes only.
SP:SPXLong
by MaBaCapital2
3
ETH/USD trade updateETH/USD trade update: For those with little time just go down to the In conclusion part and you have a short and fast overview. So when we look at the past we can see that the price did break all the support zones that we have on the chart. What I think that will happen now is that the price is going to drop to the next support level that is drawn up on the chart. That support zone was good respected in the past as we can see. All this is just on the technical side of the analysis. When we look at the fundamental side we can see a little different view. We do still have the NFT space that is going good and all the transactions that they are doing is happening with Ethereum. So those should bring in some good volume that is traded which normally is positive for Ethereum. When we have a look at the volume that they are trading it is not special for Ethereum. It is just about 36.414K volume that is traded today. For now I would just wait and see how it will react when we go to the support zone that is drawn up on the chart. Because for me the price is now just in no mans-land because it is just between support and resistance zone so it would be stupid to buy it here. So either we are going to see a further drop to the support zone that is drawn up on the chart. The other thing that could happen is that we get a reversal here and go to test the orange zone that we see in the chart. This was support zone in the past but also resistance so what could happen now is that we get to see the same thing as we did in the past where we first got a few tests of that level before breaking. I will update this idea when it is needed if we get a hit of any of the zones. If we do not get that I will update it on Friday. Just to be clear a zone is only broken for me when we get a candle close below or above that zone. In conclusion: For me it is stupid to buy now. I would wait for a test of either the green zone or of the orange zone before I do anything. If you have any questions feel free to send me a message. If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments. Everything you see on my profile is just for educational purposes only.
BITSTAMP:ETHUSD
by MaBaCapital2
ETH/USD trade updateETH/USD trade update: Okay so when we look at the chart we can see that the price did break the zone of interest and is now testing the first green support that we can see on the chart. What I am looking for now is for a reversal here. We can see that we are also close to the 0,618 level of the Fib. What could also be an important zone for us to see a reversal here. If we do not get a reversal here we will go to the green support zone below this one. That is also a Fib level there on the bigger time frame (0,382) that was important in the past. We can also see that the price is below all the MA’s that are on the chart. That does is bad because when we have that we have a sign that the price is bearish and not bullish. What we can also see now is that the price now is on a Fib. Retracement on the big time frame (0,382). This retracement is from 0 to all time high. So we can say that this should be a good sign for a reversal. Because normally the bigger the time frame and price range is the more it is viewed reliable. As long as we do not get a close below that level than I am bullish for now. I will give an update here when it is needed. If you have any questions feel free to send me a message. If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments. Everything you see on my profile is just for educational purposes only.
COINBASE:ETHUSDLong
by MaBaCapital2
ETH/USD looking bearishETH/USD: trade update So as we can see the price did break the possible rising wedge that we had on the chart. What we also can see now is that the price did do a retest of that wedge and went down after that. It did another retest of the wedge but still was not able to break the wedge. We can now see that the price still is moving down. I think that we are going to see a drop to at least the 0.382 level of the Fibb and I am waiting for that to happen. Once it does go to that level there are 2 things that can happen. 1) The first thing is that we see a break of that level and then I will be waiting for it to drop a little lower to the zone that is marked as zone of interest. I think that if the 0.382 level is not able to hold than that zone has a higher chance of holding because we saw that it already did hold a few times in the past. 2) The other thing that can happen is that the price touches that zone and reverses to the top side. We do can see that the price did already reverse sometimes on the 0.382 level so it does seem to be forming a support at that level in the short term. In conclusion: So I think that we will see a bigger drop happening before we are able to go back up again. I am now waiting for it to go lower to buy more Ethereum. If you have any questions feel free to send me a message. If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments. Everything you see on my profile is just for educational purposes only.
COINBASE:ETHUSDShort
by MaBaCapital2
Possbily 550 PIP AUDCHF Setup Top Down AnalysisIn this analysis we go over multiple confluences from seeing a key resistance being broken to it now retracing down to find support and continue in the upward direction. We are about to hopefully see the 50EMA cross the 200EMA we are very nearing the approach. I expect to see an outbreak towards the upside sometime soon in the future. I would actually place buy stops shortly above because we know the direction we just don't know when were still in minor retracement period. You'll notice the stop loss is a little high on this one I recommend trailing it accordingly in the near future.
Long
by BennettTrades
1
XAU/USD ideaWhen we look at the chart we can see that the price on the daily chart just broke out of the wedge. If we get to see another daily close above the wedge we could consider to go long. Entry: 1768,5 Stop loss: 1659 Take profit zone 1: 1944,56 Take profit zone 2 :2066, 80 (Around the all time high point) Risk-Reward: 2,72 Risk: 1-2% The plan for me is to close 40% of the trade at the take profit 1 zone. I will then close 30% at the take profit 2 zone. The remaining 30% I will keep running. Once we get to the take profit zone 1 I will also be looking to put my SL to breakeven so that the trade than runs risk free. If you have any questions, feel free to PM me. If you like the idea do not forget to give it a like and feel free to share your idea for Gold in the comments.
OANDA:XAUUSDLong
by MaBaCapital2
EUR/JPY trade ideaWhen we look at the chart we can see that the price reversed at the 0,618 level of the Fibb. We can see that this also happend in the past so we could say that it is forming a support zone. If we get to see a clear break of the falling wedge than we could consider to enter this trade. Keep in mind that all trades are tricky becuase it is NFP week! Please let me know in the comments what you think of the idea and feel free to share your idea also. If you like the idea, do not forget to give it a like then. If you have any questions feel free to PM me.
Long
by MaBaCapital2
7
Trade idea for CHF/JPYWhen we look at the chart we can see that the price has been testing the resistance area in the daily chart . We see that the price isn't able to go above it for now so we could risk the trade. The risk reward is very good but I think that this is a trade that will take a while to hit the tp. When the tp1 is hit you should move the stop loss to break even level. Please let me know in the comments what you think of it and share your idea for this pair also. If you like the idea, don't forget to give it a like then.
Short
by MaBaCapital2
1