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EURNZD - 25 - 29 Jan Week trade Plan FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish Nothing major changed from last week outlook, only a break and close above 1.6980 but EURNZD couldn't create a solid support above to extend the bush to upside. - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20, still the bias is short any bounce. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Thursday and Friday.
by Amr_Sadek
2
EURNZD - 17-22 Jan Week trade Plan This is my 17-22 Jan 21 Week trade Plan for EURNZD . FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. So I recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Tuesday and Friday, Also China is having very important news on Monday and Wednesday.
by Amr_Sadek
EURNZD - 11-16 Jan Week trade opportunities for referenceThis is a summary of the trade opportunities during this week according to my Trade Rules: e 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan FX:EURNZD - Jan week 11 - 16 - Previous momentum: Bearish - Week Close: Bullish - Range: 171 pip -A Ranging week for EURNZD between 1.6980 and 1.6880/50 solid levels after the rejection at 1.7100/20 resistance zone. - The main factor this week was the 2:00pm UK time 4H candle, it showed how market repeats the same behavior at specific times. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction, but not according to my trade plan as the nothing triggered to Short or Long. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle.
by Amr_Sadek
NZDUSD Longer Term ShortWe've seen some rapid bullish movement on this pair over the past few weeks, almost 10 weeks straight up. This pair is well overdue a major correction and I really like this area to take a short. We're just about on the 886 reversal on what is a HTF bearish chart. Until price action breaks those previous highs this is still bearish in my eyes and this area gives us a great RR nearly 6 to 1 to short to the 38.2 retracement, that is a modest target I feel as well because if this decides to make another leg down there's a huge trade to be had but let's not get greedy!
Short
by CromerKing
2
EURNZD - 04-08 Jan 21 Week trade PlanThis is my 04-08 Jan 21 Week trade Plan for EURNZD. With EURNZD ended Dec 2020 with bearish close confirming the bearish momentum, I'm expecting a bounce from the HTF support created 24 Nov 2020 at 6980 which is expected to be rejected at/below 7080/7100 for bearish momentum continuation and retest/break and close below 6980 for targets at 6880 and 6780. A reversal can also be in place in case of the support/double button formation at 6980, a break of the 7220 and solid support formation above 7180 will confirm this scenario which can trigger longs to retest 7345. Weekly Close : Bearish Daily Close : Bearish 4H : Bearish Overall view is Bearish till a daily close and forming solid support above 7220. Levels to watch: - 1.7600 - 1.7450 - 1.7345 - 1.7220 - 1.7080 - 1.6980
by Amr_Sadek
EURNZD - 21-25 Dec Week trade opportunities for reference- Dec week 21 -25 - Previous momentum: Bearish - Week Close: Bullish - Range: 242 pip - Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due. - Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Previous week trade plan : FX:EURNZD
by Amr_Sadek
XRP - A fundamental case for a long term bias/tradeFacts: - SEC is suing Ripple Labs for the sale of unregistered securities - XRP and Ripple are not the same. XRP is the coin, Ripple Labs is the company - Unless Ripple Labs goes public, XRP it is not a security Bullish news: SBI, a Japanese company that has recently acquired multiple crypto exchanges in 2020 and initially invested in XRP with company SBI Ripple Asia in 2016, is interested in a crypto index that is majority XRP SBI offers shareholders XRP as dividend payouts SBI Ripple Asia is not being sued by the SEC SBI Ripple Asia is very interested in using XRP as its blazing fast remittance currency, and MoneyTap (not a U.S. company) will be using it. " Interbank transfer fees remained high in Japan and have not been changed for more than 40 years, which is unusual by international standards. " Japan's regulatory body FSA has already declared XRP is not a security .
BITSTAMP:XRPUSDLong
by NeoButane
EURNZD - 14-18 Dec Week trade opportunities for referenceFX:EURNZD This is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan Dec week 14 -18 - Previous momentum: Bearish - Week Close: Bullish - Range: 180 pip - Ranging dominated the week after the bearish momentum in last week in-between 1.7080 to 1.7220 zone. - Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other 3 are Long opportunities which could be traded but wasn't planed. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Week Trade Plan : Actual Week:
by Amr_Sadek
BTCUSD Healthy RetraceHey folks, Pulling the Weekly BTCUSD chart today to see where we are in this pullback and breaking news... We're still bullish! Sometimes you just need to zoom out a little bit to see the big picture. We gained an important weekly SR level when we broke the 10K level (~$9948). Generally speaking, all important levels once broken need to be tested so we can confirm the direction of the trend. We did a perfect pullback to the higher 9Ks. Many expected 9.6K to fill the infamous CME gap. But what is the CME gap exactly? I'm not very compelled by the "fill the gap" narrative and I see absolutely no reason for CME gaps to be filled all the time. Gaps are simply symptomatic of the limited trading periods that CME operates on while we have an asset trading 24/7. There is no fundamental reason why these gaps would need to be filled. With that said, I'm expecting a bit of sideways from here. Drawing a fractal using the latest swing low PA shows a possible outcome. Note however that fractals are rarely repeated 100%. If BTC manages to close the weekly above $10,450 - $10,500 this should give a solid ground for bulls to step in. The next few weeks leading to the US elections will be decisive in this market on many economical and sociological levels. Keep an eye open on the SPX and stocks market. This dump was initiated by the weakness of the traditional market after favorable employment reports came out of the US and the US Dollar started to gain strength (look at the DXY chart). We are still very much correlated to stonks so further pain in equities could tank Bitcoin price as people run for cold hard fiat money, at least temporarily. On the longer term, monetary policies are still very much bullish for high-yield assets like Gold and Bitcoin. Patience and strong hands will be rewarded. The weaks will be devoured.
COINBASE:BTCUSDLong
by crystoba
GOLD Equilibrium| Structural Resistance| Trade Set UpToday’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break Points to consider, - Confirmed break and retest for validation - Define risk at recent swing low - Technical target at HTF resistance - Price action to monitor Gold needs to break its current resistance and establish a retest which will allow for a long entry. Risk will be associated with the most recent swing low as this is a breakout trade with a quick invalidation. The technical target is association at structural resistance, strong pivot area where price action can help with the directional bias. Overall, in my opinion, GOLD will break out of this equilibrium; a long trade will be valid upon a bullish break with the technical target being structural resistance. A break below support will invalidate the trade setup What are your thoughts? Please leave a like and comment, And remember, By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.” Larry Hite.
TVC:GOLDLong
by AzizKhanZamani
2