EURCHF H1Hi traders, EURCHF is setting up for a long watch trendline breakout and look for long GOOD LUCK.
Neckline
AUDJPY It will go up from support Welcome back! Let me know your thoughts in the comments!
**AUDJPY - Listen to video!
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TOST - uptrend underway TOST broke out of an Adam & Eve bottom formation on 10 Aug and has since been rather choppy, retesting the neckline support twice.
However, this stock is showing strength relative to the overall market, having already almost doubled from it's May's low @ 12.00.
It is in early days yet, expect some choppiness due to the overall market uncertainties but as long as each pullback is minor (not more than 50% fib retracement of each mini swing up, worst case 61.8% retracement), then it's ok to sit tight (but raise your stops up to just below each pivot).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TWLO - Bottom could be in (don't shoot me if wrong)TWLO has established a strong support zone around 62 - 68 as can be seen on the weekly chart.
Weekly bullish divergence in it's RSI can be seen since June while the stock was meandering lower, eventually hitting into the long term support zone and we finally saw a good bounce off this zone on strong volume yesterday.
There is a good chance that this zone will continue to act as the support (though never say never!). Those buying near this support could place a stop loss slightly below this zone. However there is a chance the stock could be choppy for a while and we might not see real momentum until it can trade a fair bit higher.
Hence a more "conservative" trader would probably prefer to wait till it garners enough momentum to at least break above the near term neckline resistence before going long (by then we have the 20 MA firmly crossing above the 50MA).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
GBPUSD | New perspectiveThe Pound appears to have put an end to its three-week losing streak with an attempt to stage a strong comeback after breaking out of the structure during the latter part of last week's trading session. As we head into the new week, I want to be looking for buying opportunities above the key level at $1.15750.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCAD H4Hi traders, USDCAD is setting up for a downside move watch price action and look for short GOOD LUCK.
RIVN - Trending upRIVN had a high volume capitulation at the start of July and has since been forming higher low's and higher high's (apparent on weekly chart).
It has retraced to retest the neckline support on 1st Sep (@ 30.70) forming a new higher low. The up trend is now apparent and clearly there is room to go higher in the mid to longer term
Expect some resistance around 40-41, however it is unlikely to breach the recent low at 30.70.
One can use fibonnacci retracement find likely supports for any near term retracements. Retracements of no more than 50% of the upswing is preferred and a sign that the uptrend momentum is intact.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX - uptrend still intactDespite the sharp pullback last week, CROX did not break the near term support (adam & Eve neckline), and still forming higher highs and higher lows right now.
Stronger resistance coming up around $84 so watch out here.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
EURCAD H1 POSSIBLE MOVEHi traders, EURCAD is setting up for a down side move watch price action on EURCAD and look for short.
NOTE : My view or idea is just a technical base not combined with fundamental GOOD LUCK.
CIPLA - Daily Candle Chart- The patterns highlighted is almost similar .. only differentiating in count of candles
- Sustaining around 200 EMA.
- only for study purpose
TAN - Solar ETF H&STAN - Invesco Solar & Wind energy ETF has a small head & shoulders formation. Price closed Friday approx at $80.00 neckline. 1st downside objective to fill gap $77.29.
Top 3 stocks in TAN ETF: $ENPH $SEDG $FSLR
EUR-CAD Head And Shoulders! Sell!
Hello,Traders!
EUR-CAD broke the rising support
And formed the right shoulder of
What seems to be a H&S pattern
So we are quite bearish biased
On the pair and IF we see a breakout
Of the neckline then
The bearish continuation will follow
Sell!
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PDD - will it breakup soon?PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's see!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SQ potential head & shoulder patterAsymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
SBUX - uptrend still intact (for now)Uptrend still intact unless we breach the near term support @ 84.
Bullish divergence is a harbinger that a near term bounce is in the works (note that any bounce from a bullish divergence is short term and may not translate into longer term trend).
Watch out for resistance at 90 as it may experience another consolidation around there.
A close above 90 will be a strong signal for the bulls.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CVNA - up trend underwayCVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume.
It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42
Manage positions with trailing stops.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NVDA - inverse H&S (breakup soon?)Breakup looks likely looking at overall market momentum. Earning expected on 24th Aug after market close but could breakup before that.
Should it break up, any near term retest back towards neckline will be an opportunity to stake/add.
Manage positions with trailing stops.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
AUDUSD - seems bearishIt seems bearish on the AUDUSD. It could be carried on to around 0.68.
The AUD/USD breakout happened during the NFP.
USDJPY - BEARISH MOVE 📉📉📉the USDJPY price reached a daily resistance level ✔ and is in double top pattern ✔
the necklinel is broken & retested !
so, i predict a bearish move 🧐
TARGET: 130.763 🎯
...
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PLD - broke above inverted H&SMissed this boat as it broke out of an inverted Head & Shoulders neckline (@ 127) and at the moment it is near a possible resistence around 136. Will be interested to buy the next dip and will manage trade with trailing stops just below the 20 day moving average
RSI is strong at moment so the dip may not happen so soon. Let's see.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
F - Breakaway Gap (Time to hop on?)F's downtrend started to flatten out from mid June (trading between 10:65 - 12.45), eventually breaking above the "neckline" @ 12.45 on 19 July. It retested this neckline a week later and held, giving conviction that this previous "resistence" is now a new "support".
Today it gapped up on strong volume as earnings had surprised to the upside. It is likely that some people had been betting on a good set of results since recently. The uptrend is likely firmer now.
Nibbling @ current price and looking to add if there is any dip over the next few days. However, the gap @ 13.20 might not fill anytime soon (breakaway gaps usually signify the start of a new trend and do not get filled in the near term).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Mana trying to flip the inv h&s neckline to supportIf it can succeed in flipping the neckline of this inverse head and shoulder pattern to solidified support, then the breakout target of the pattern should be around 1.28-1.30. It hasn’t validated its breakout yet though so if bitcoin takes a tumble, it could take mana down with it before it gets a chance to validate this pattern. Will likely see it decide which way it will go in the next 2-4 days. *not financial advice*
USDJPY | follow-up detailsThe appearance of a reversal pattern on the lower time frame hints at a possible bullish potential for the Greenback in the nearest future. So, I am going to be patient enough to look out for confirmation around the neckline at 138.400 to join the potential rally.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
