SPX500: Engulfing Candlestick Pattern on Daily ChartAs we can see, the SPX500 price created engulfing candlestick pattern.
We can see how the last trading day engulfed the previous one.
It indicates for reversal opportunity.
I'll look for sell position at 3318.00 zones.
The first target will be the support level below and the final target is the demand at the bottom.
Keylevels
GBP/USD: Key Levels for Swing TradersAs we can see, the price creates a new demand below that broke out the previous supply from left.
It indicates strong demand,
For now, it seems the price on his way to reach the supply above, and therefore, if the price retrace the demand below I'll buy there.
The final target will be the supply above.
AUD/JPY: Great Continuation LevelAs we can see in the H1 chart, the price changed the momentum to bearish.
It seems the price now tends to reach the demand below.
At the moment, the price gets really close to touching the supply above which is a great level for sell position.
I'll sell at this supply at the first touch of the price and the demand below will be the final target.
USOIL: Two Levels for Sell PositionUSOIL price created two fresh supply levels above,
Each one of them seems like a great level for sell position.
I'll sell USOIL price at supply - 1 and set the stop loss just above this level,
If the price will hit the stop loss I'll sell again at supply - 2.
Both have great risk-reward potential.
Looks Like a Pullback Due For ContinuationNot much to look at with this pair. Still has the legs to keep moving up. Looks overbought on the RSI, so could do a pullback before continuing, or make a run for the short.
So, with this pair waiting on a pullback to confirm the continuation or reversal.
BULL TPS:
• 110.784
• 111.164
• 112.193
BEAR TPS:
• 109.776
• 109.127
• 108.420
Trend Trade With A Pullback DueThis pair has been on a downward trend. I am actually curious to see can it make the monthly or not.
A pullback should appear before it continues further down. It's pretty much near rock bottom of the charts. So I'm looking for pullbacks and reversals for this pair.
For the time being, trading with the trend is key for this pair until it shows otherwise.
BEAR TPS:
• 1.06861
• 106284
BULL TPS:
• 1.07600
• 1.07808
• 1.08210
CHF/JPY: A Great Level to Join The DowntrendAfter the recent uptrend which we can see on the left side of the chart, the price has changed to a downtrend.
Above us, there is a great fresh supply that seems like a great level to sell CHF/JPY.
I'll sell at this level and the final target will be the support below.
GBP/USD: Intrady Key LevelsAs we can see on the M15 chart, the price gets close to reaching the demand below.
This demand seems like a fresh one and a great level for intraday buy position.
I'll buy at this demand and the target for this position will be the supply at the top.
This supply is also a great level for sell position, we can see how fast and strong the price dropped from that level.
I'll sell at this supply if the price reaches there.
SPX-500: Waiting for reversal daytrade signalIn the H1 chart, we can see that the price is in a very strong bullish momentum,
Since the price is in records I preferred to wait for a reversal opportunity.
If the price will break down the confirmation zone it will be the signal for the reversal opportunity.
If that happened I'll look for a price action setup to sell SPX500 as an intraday trade.
The first target will demand level - 1 and the final target will be demand level - 2.
Drop Could've Been a Big Pullback For The Bull Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit.
The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one.
BULL TPS:
• 144.356
• 144.844
• 145.638
• 146.961
BEAR TPS:
• 142.321
• 141.469
• 140.757
• 140.225
Price Action Says Short, But War Can Say BullGold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short.
The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action.
But technical analysis still screaming this is a big big short. Let's see.
BEAR TPS:
• 1550.55
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1489.61
BULL TPS:
• 1571.51
• 1584.37
• 1595.62
• 1610.72
In a Range Awaiting BreakoutWe are in a range according to the 4hr.
According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active.
Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice.
BEAR TPS:
• 1.70068
• 1.69680
• 1.69298
• 1.68939
• 1.67490
BULL TPS:
• 1.71354
• 1.71800
• 1.72316
• 1.72902
Strong Doji on Weekly Can Possibly Signal The Bull MoveAUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr.
The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how the market plays out. Trade well this week. This may be the one I keep an eye on this week.
BULL TPS:
• 0.90314
• 0.90955
• 0.91256
BEAR TPS
• 0.89873
• 0.89467
• 0.89025
Bearish Continuation PossibleI'll be honest here.
I got excited GBPs became bearish.
The target goal if it continues down is around the 1.67490
if it can keep the swing going.
Otherwise, It can break this trendline and continue to keep going bullish
once it breaks through the daily SR zone.
Target for the bull this week. Is 1.71800
BEAR TPS:
From the trendline…
• 1.70611
• 1.70068
• 1.69680
• 1.68939
• 1.68150
New TPs will be posted once it breaks the last bearish TP.
BULL TPS:
• 1.70611
• 1.71066
• 1.71349
• 1.71800
New TPs will be posted once price breaks the last bullish TP.
Trendline Trading This OneWe're just gonna do trendline trading this week with this pair. Here are the TPs for this pair.
BULL TPS:
• 83.320
• 83.598
• 83.592
• 83.984
Must break and retest last TP before I post more.
BEAR TPS:
• 82.923
• 82.753
If can breakthrough monthly SR…
• 82.479
• 82.239
Must break and retest last TP before I post more.
Bearish Move May ContinueThe move is still looking pretty bearish for now.
It's currently set up for a pullback to the daily SR. And from there we will see if price will continue on to break the trendline and keep going.
Being honest here.
I HOPE it keeps right on moving down to the 135.674 daily zone. Getting to there will be making a great setup for another bullish rally.
Patience, patience.
BEAR TPS:
Starting from daily SR level 142.660…
• 141.469
• 140.757
• 140.009
If it can break and retest the last TP…
• 139.393
• 137.658
• 135.909
BULL TPS:
• 142.320
• 142.902
• 143.979
• 144.775
• 147.177
Must break and retest last TP before I post more.
This Is A Sell As Long As...If the president of the United States doesn't open his mouth or
further antagonize what looks like will be a HUGE war with Iran,
this is a setup to go bearish.
When he opens his mouth, especially about Iran, this will go bullish.
For now, a large bullish move with NO pullback means ones coming.
So I am completely bearish to 1537.30.
My bigger target will not be active until it can pass that monthly SR.
As a U.S. citizen, I am very nervous and upset about what just happened.
But for right now, I gotta mark the charts by price action and based on a new war possibly arising.
BEAR TPS:
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1492.65
Must break and retest last TP for new TPs in this direction.
BULL TPS:
From monthly SR zone of 1537.30…
• 1550.55
• 1563.75
• 1593.05
• 1603.83
• 1629.31
Must break and retest last TP for new TPs in this direction
EUR/GBP: Quasimodo level for buy positionAs we can see in the H4 chart, the price creates a fresh demand below which also Quasimodo pattern.
This demand has changed the bearish momentum to bullish momentum,
As it seems now, the price tends to reach the supply - 1 and maybe even the Supply level - 2.
If the price retraces the demand below I'll buy there,
My first target will be supply level - 1 and the final target is supply level - 2.