London
GBP/AUD LONG posting this idea late
- broke trendline and retested
-higher time frame structure showing us upside momentum. lets see if we can get to 1.83750 overall target.
the price action on the pair has been relatively slow and technicals arnt as clear so trade careful and use lower risk.
ive been watching this pair for almost 2 years now and its definitely has low volume lately and technicals are sloppy. but that being said we
have to adjust to market conditions and trade with a sharp mind.
NZDCAD H4 - Long Trade SetupNZDCAD H4
We were following this on Friday and saw a solid bounce from support initially for it to then reverse.
Another opportunity may be presenting here from support once again, CAD strength in line with WTI demand. Hopefully expires soon, as this would be a nice setup to see unfold.
GBP/USD:BEARISH ABCD PATTERN SELL LIMIT - RETRACEMENT - SHORT 🔔Bank of England, Bailey: we are not yet close to talking about using negative rates:
- It's useful to have a tool like negative rates on hand;
- QE works best when markets are relaxed.
Our main VISION is Bullish for the long term.
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Have a Good trading day!
UK COVID-19 Next Wave ProjectionI was just having a conversation with a Singaporean good friend who lives in London, and called this afternoon upon learning about the (earlier expected) stricter measures that was just announced this afternoon. We were exchanging views on how the countries differ in the management of the pandemic, and the consequent success and failures. Then mentioned that UK may be next... and I offered to use the same MACD system to project for the UK from the current known status.
In the chart above, the MACD corroborates that the situation in the UK had somewhat stabilized over the last two months after their Easter lockdown. Thing is, there appears to be a levelling off, and the arc drawn is projecting how it might turn out over the next weeks... and projection made that the start of a spike is at the end of June, into July.
IF this projection is on point, then outnbreak news should be seen in the latter part of July.
Let's test this system again!
Meanwhile... do take care, stay safe, stay healthy, especially if you are in the UK.
UK100/FSTE100 SellMarket showed a lot of choppiness before London open. This market is bearish at its current state.
EPS released for blue chip stocks like Barclays this week together with others like Microsoft from the US exchanges.
I anticipate a drop to 6840 from cmp.
Namaste
DXY H4 - Long SetupDXY H4
Effectively looking for an upside break of the area we have marked.
With regards to fibs and market corrections, this would be a good price, or at least our maximum correction potential before seeing bullish intervention again.
We will have to see what unfolds, but so far USD zones seem to be okay for the moment, which is positive.
Begbies Traynor LSE - Classic Cup and Handle on daily chart Hi everyone,
Just giving a quick analysis on one of the AIM-listed stocks on the LSE (London/UK). As you can see, there is a clear cup and handle forming on the daily chart, and it is an incredibly clean example in reference to what you would technically find in a text book. The resistance is at 115p, and this week it has seen a breach above next to the 120p level.
The company itself is also fairly good on the fundamental side - its latest fundraising (secondary offering to help finance another acquisition) was recently oversubscribed and the placing price was above market price, which the share price higher from 105p to 115p. As it is seemingly breaking resistance now, the question is about whether there will be a retest of the 115p level, or whether it will continue above 120p and onwards. Canaccord currently has a 170p price target on the stock, as issued earlier in March. The cup and handle may signify a strong climb as the UK eases lockdown. Another buying opportunity would be in the case where the price will fall to the lower red upwards trendline, which seems to be a good support for the price.
Disclaimer: I hold BEG at 105p average. Please do not take as professional financial advice. Always do your DD. Thanks!
25% opportunity in focus - LONDON STOCK EXCHANGE price analysisHello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max
GBP/AUD long 80 PIPSmarket broken structure
holding support before london session.
bottom trendline 3rd touch/bounce.
next clear level 80 pips away at a 15m resistance structure
1:40 RR BUY on USDJPY!This analysis is based on the Wykoff accumulation schematic. The markets have been manipulated in order to take dumb money.
FTSE100 - UK100 - Can Meet Last Year Levelin last 12 months many things happens in Economy Covid-19 and Politics. Economy need to run and can see life more normal. UK100 can see last year level 7200 to 7600.
A New StartI'm starting fresh and new, with all my knowledge accumulated from 5 + years in the market, I'm a shadow, I will always be a shadow, and I will help you if u ask.
GBPAUD reversing from previous lower low. If a retracement occurred take a look at the range marked in the graphics.
Those prices are good to look, but always look for better confirmation and confluence in the market and the session you are in.
Rolls-Royces: Potential Selling OpportunityHello Traders, Rolls-Royces is a nice Sell because it's hitting a large volume of Sell orders right now. A good candle information at the big order zone will be the trigger for the Sell. I will be posting updates if necessary. Thank you.
GBP/JPY Shortmy bias is that GJ will break my zone levels, retest within the zone, and break out below to create new lows on higher time frames thru the London and New York sessions because markets have been choppy lately.
the lines show my directional bias
GBPJPY - SHORT - THE FALL Hey traders, here is the analysis for GJ
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
For The culture !
EVORTEXCAPITAL
London Lockdown + Brexit = Short GcadLooking to short GbpCad next week as we see a head and shoulder pattern beginning to form on the 1hr time frame. Lack of confidence in the Gpb and Brexit negotiations + the new lockdown in London could lead to the 100+ pip gap being filled. Enter after the head and shoulder is confirmed by a break and close under support.
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility.
Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves!
Let's get onto the technicals:
Pattern - Bullish Flag target area: 1.618
Resistance: 6860 & 7035
Support: 6140 & 6040
My target - 6800-7100 Areas!
One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well!
Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area.
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation
manipulation?is the market manipulated? this is based around the mindset of retail traders:
blindly buy the brake of a certain range and het rich quick...
The Early Stop-Hunter catches the WormThis is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops above/below swing points and prior structure, you're basically asking me to come and hunt you down!
Also, side note the reason the R is 0.7 is because my strike rate on this strategy is s high, so I don't need to use the absolute poor excuse of *I use a minumum 1:3 Risk to Reward because I can lose 40% of my trades and still be profitable* - IF your strategy gives you a 40% strike rate, it clearly doesn't work!
Rant over!
Good morning anyway guys, go smash the day!
GJ WAIT FOR BREAK!Shared idea for ranges to get an average of 20 pips if price goes either way! Please be patient. Waiting PAYS! ITS RANGING....
BT Group PLC: Potential Selling OpportunityHello Traders, BT Group PLC is a nice Sell because it's hitting a large volume of Sell orders right now. A good candle information at the big order zone will be the trigger for the Sell. I will be posting updates if necessary. Thank you.
