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USDMXN Look for sell setups hereHi traders: USDMXN is on my weekly watch list. Higher time frame we see price had a strong bear sell from the previous structure, and now has been in a corrective structure since early June. We see price slowly correcting itself up, forming a wedge pattern. Last bit of price action we see price break below this structure, and a Head and Shoulder pattern in the making. Now I just need to wait for one more confirmation from the market, if price begin to form a continuation correction on the lower time frame, then we can expect bear momentum to continue, at least to the recent lows. Thank you
Short
by jojofang0901
2
EURGBP pay attention to this breakout structureHi everyone: EURGBP worked out beautifully as price made another up to the upside, and strong bearish impulse down. This validates my analysis of structure and pattern movement. Now we see the price is in a correction structure, just above this larger higher time frame channel structure. This would be a high probability setup if we see a completion of the structure and we can go down to the recent lows. I would wait for correction to finished and go down to lower time frame for potential entries. Thank you
Short
by jojofang0901
3
GOLD Sell Opportunities to the lows of structureHi traders: I am also closely monitoring XAUUSD for sell setups down to the recent lows. We see the overall price is in this channel structure, forming a large correction. The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in. I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows Thank you
OANDA:XAUUSDShort
by jojofang0901
GBPCHF Look for bullish continuation structures for the buyHi everyone: GBPCHF is on my watch for the midterm to long term buy. Price on the higher time frame has a fallen wedge structure, correcting itself down to the recent lows. Last bit of price action has an inverse Head and Shoulder pattern, adding extra positive confluence to a bullish reversal move. I like to wait a confirmation breakout from the lower time frame, indicating a confirm bullish move, and look for continuation correction for the buy setups. Thank you
Long
by jojofang0901
USDCHF Look for more buy opportunities Hi traders: I still see more bullish opportunities available on USDCHF. We see the price currently developing a bigger continuation correction on the 1 hr chart, and I will patiently monitor what the price will do this point forward. I would like to see a strong breakout of that correction, indicating more upside momentum has come in. I would be very happy to scale into more buy, and put my first position to break even or move SL to profits. Wait for correction to finished before adding into more positions. Thank you
Long
by jojofang0901
DIS I am selling from hereHi traders: For mid term outlook on DIS, I am expecting more sell momentum to come in the market. We had a strong bearish move down, and slowly correcting itself up towards the top of the structure. The last bit of price action showed a Head and Shoulder formation, a added confluence to the sell. Now we see price broke out of the channel structure, so naturally I will look for continuation correction on the lower time frame for entries. Thank you
NYSE:DISShort
by jojofang0901
2
EURAUD ready to move?Medium to Long Term: EURAUD is currently trapped between two local demand and supply zones, making it a rather unattractive pair right now. However, EURAUD may simply be accumulating volume before a big move. The local demand zone may hold, sending price above the local supply zone and above the resistive trendline. A break and retest would be ideal for opening a long position. If the demand zone fails, another long opportunity may present itself at the strong support zone of 1.60700. Short Term: Bulls can look to enter a long position now, at the local demand zone, with a stop loss a few pips below the local demand zone. The first target would be the local supply zone and resistive trendline. Further targets can be placed based on a bullish break of the resistive trendline and local supply zone. Be sure to follow me for more ideas analyses. Feel free to share your thoughts in the comments below. Best of luck traders! *THIS IS NOT INVESTMENT ADVICE AND IS NOT IN ANY WAY INTENDED TO BE SUCH. IT IS MERELY MY VIEWS ON THE MARKET AND IS FOR EDUCATIONAL PURPOSES ONLY. ANY POSITIONS OPENED ARE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK*
Long
by sharaafatm
NANOUSD In A Bull Trend - Elliott wave analysisHello traders, NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region). Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway. Trade well!
N
by ew-forecast
BTC Fueling Up For Journey To 28K???Here on my weekly chart we have a couple of interesting trend lines. First we have a MASSIVE triangle pattern which dates back to July 2017 continuing to coil up currently. Things to consider is that we have not had a new macro higher high in about 2 and a half years, so that being said we COULD still be in a down trend facing resistance ready to plunge currently. HOWEVER! the fact that we hammered up so fast toward our horizontal resistance as well as the very top of our triangle resistance without getting a violent rejection makes me think the price is currently tapping away as resistance getting ready to smash through. The measured move (height of triangle) would give us a price target of about 27-28k usd. On top of that if we break out of my top resistance triangle line it looks like we will also be breaking above my purple horizontal resistance setting a long awaited higher high. In my opinion this pattern is NOT valid until we see a confirmed breakout but I have been following all white weekly trend lines very closely since March and they've been playing out exactly as expected. EVEN THE COVID DUMP TESTED MY TRIANGLE PERFECTLY! I assumed after we broke my first line there that we could coil up between my trend lines before a proper breakout. Even with a candle close above my triangle pattern we could hug the resistance as what I would hope to be a flip to support for some time before actually blasting off. Triangles are my favorite patterns to play so this one makes me excited to watch play out in what could be the not too distance future. With the breakout of a triangle pattern as well as setting a new macro higher high we could really see fomo kick into gear with the start of a proper new bull market cycle which COULD send prices much higher, but 28k is more of a realistic target to shoot for I figure with the measured move :) Of course this isn't an over night type of trade, this is my weekly chart so it would take time to play out IF it does.
BITSTAMP:BTCUSDLong
by StuTubeTrading
4
Thank You GoPro For The 111% ❤ (GPRO)Today is the day I am taking profit on gopro, it was a nice 2+ Month swing trade and I'm very happy with the results! 💰💰💰💰💰💰💰💰💰 We are now getting into some severe Resistance levels and this thing has just been running up like no other! We are now at the top of the downward parallel channel on the larger timeframes. If it could push above would I get interested again? Maybe. I'm in the rebuilding process of new positions for my portfolio as everything in the stock market that I have held is now coming to a close. Most likely just going to roll this over to the cryptocurrency market. I got my eyes on some very important positions that I want in crypto. Thank you gopro, do yo thang! Love you!!! ❤❤❤ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:GPRO
by UnknownUnicorn2319099
3