EURCAD video top-down AnalysisHello everyone, here is the top-down analysis for EURCAD, feel free to request any pair/instrument or ask any questions in the comment section below.
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Rejection
USDJPY video top-down AnalysisHello everyone, here is the top-down analysis for USDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
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BCHUSD - BITCOIN CASH video top-down analysisHello everyone, here is the top-down analysis for BCHUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
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GBPUSDPrice is approaching support and trend line below. Same as DXY is approaching trend line - depends on the price action. In case of rejection there may be long trade opportunities at GBPUSD.
TESLA video top-down AnalysisHello everyone, here is the top-down analysis for TESLA, feel free to request any pair/instrument or ask any questions in the comment section below.
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DOW JONES - US30 video top-down AnalysisHello everyone, here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
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DAX-DE30 video top-down AnalysisHello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below.
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EURCAD Sell Setupon H4: EURCAD is sitting around our blue resistance 1.560 so we are looking for sell setups.
on H1: EURCAD is forming a head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter on the neckline break downward.
OR we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Good Luck !
NZDUSD Sell Setupon DAILY: NZDUSD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes.
on M30: NZDUSD is trading inside our red channel and forming a head and shoulders pattern (not valid yet)
so we will be waiting for the right shoulder to form and then enter on the neckline break downward.
as usual, when the sell is activated, our stop loss would be just above the right shoulder.
Meanwhile, until the sell is activated, we would be overall bullish on NZDUSD
Good Luck!
USDJPY Buy SetupOn DAILY: USDJPY is sitting around a support zone in green so we will be looking for buy setups on lower timeframes.
on M30: USDJPY is currently forming a symmetrical triangle in red. (but it is not valid yet)
so we are waiting for a third swing to from around our upper red trendline to consider it valid and buy after a momentum candle close above it.
Good Luck!
GOLD Sell Setupon H4: GOLD is overall bearish trading inside our blue channel.
GOLD is sitting now around our upper blue trendline so we will be looking for trend-following sell setups.
we are waiting for a candle close below our last swing (gray zone) to sell this one.
Good Luck!
EURGBP another rejection on the support?EURGBP has been in a range between 0.9020 and 0.9150 for the past 4 weeks.
After a short-term congestion phase, buyers seem to take control of the market, rejecting the area of support at 0.9020, pushing the price higher.
With easy to set stop loss and take profit, we can have a standard trade with a risk to reward ratio of 1:2.
CADJPY breakout and retest with a bearish engulfing pattern!CADJPY recently broke an uptrend line that was representative of the minor trend since the end of last month.
After the breakout, we had a small re-test of the same area and then a bearish engulfing pattern that may indicate that sellers are again in control of the market.
With a risk to reward ratio of 1:3, definitely worth considering it.
AUDNZD video top-down AnalysisHello everyone, here is the top-down analysis for AUDNZD, feel free to request any pair/instrument or ask any questions in the comment section below.
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NZDUSD video top-down AnalysisHello everyone, here is the top-down analysis for NZDUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
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GBPJPY SELLGreat opportunity here during the London session. This trade is very simple. Break and retest of a major resistance zone on minute 15. Price is also in a downtrend. The entry is kind of late but not really. After I saw the wick rejection to the resistance I wanted to see the price drop a bit which it did. Price should flood down to the next major support I have marked up relatively easily.
EURCAD video top-down AnalysisHello everyone, here is the top-down analysis for EURCAD, feel free to request any pair/instrument or ask any questions in the comment section below.
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AUDJPY video top-down AnalysisHello everyone, here is the top-down analysis for AUDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
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$SPCE How To Best Position Yourself For Future DevelopmentsThis is a follow-up post from my previous $SPCE analysis on October 4th titled "$SPCE Love Space Travel, But You May Want To Wait Before Buying".
Technical Analysis
In my previous post, when $SPCE was priced at $20.77 before the moon towards the October 20th's Highs of $24.36, I talked about how at that point in time, $SPCE had 2 unfilled gaps at $24.02 and $16.43 respective, despite having a history of closing any of its gaps. Within that post, I also gave 2 possible scenarios that I foresaw would occur leading up to the October 22nd's window opening for Virgin Galactic's next crewed spaceflight test. If you are interested to see what exactly my previous analysis was about, you can refer to my previous post which I have linked down below in the 'Related Ideas' section.
Update 1: Since the post on October 4th, we saw $SPCE prices staying above the Symmetrical Triangle chart pattern after breaking out of it and re-testing the Slope of Lower Highs on October 13th. After rejecting the Slope of Lower Highs, it continued bulling and eventually filled 1 of the 2 unfilled gaps at $24.02 on October 20th. However, after filling the gap and reaching the Highs of $24.36, we saw an immediate rejection within the same 4H candle, creating a Shooting Star candlestick pattern. Later on during the session, we saw prices rejecting all the way down and closing at $20.44 for the day.
Update 2: What caused this huge 16% decline from the peak of $24.36? There are 2 reasons for this. The first reason is a technical one based on what I have mentioned earlier. After closing the $24.02 gap, $SPCE entered into a strong resistance zone of $24.26 to $24.85. On top of this, because of the meteoric rise, a Regular Bearish Divergence was also created. These technical factors combined created a retracement cum rejection from the strong resistance zone.
Update 3: However, based on this factor alone, it does not justify a 16% decline from the peak. This brings me to my 2nd reason which is short-seller Jim Chanos of Kynikos Associates' comment on the space sector. If you aren't aware of what happened, at an investor conference, Chanos expressed his bullishness on the space sector but later retracted his statement by saying that he was joking. This, combined with the technical factor I mentioned earlier, created a 16% decline from the peak of $24.36.
Entries, Price Targets, Stop Losses
Because of the highly speculative nature of $SPCE plays at this stage due to so many uncertainties surrounding it and so many things that can go wrong, I can't give an exact price target or stop loss at this juncture. But what I can say is that, if something does go wrong, even the most minute incident that is unfavorable for $SPCE, it is almost certain that we will see $SPCE back in the $16.43 range to close the last unfilled gap. What I can also say is that if you want to trade or invest in $SPCE - don't go all-in yet . The approach to take is to have a small enough position in $SPCE so that you feel that you have some skin in the game but not so much position such that even if $SPCE falls to the $14.00 to $16.00 range, you can still feel emotionless. Personally, I have taken this approach as well, where I have an entry at $20.91 and is mentally prepared to stay emotionless for both a meteoric crash towards $14.00 as well as a meteoric rise towards $30.00.
Disclaimer
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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USDCAD video top-down AnalysisHello everyone, here is the top-down analysis for USDCAD, feel free to request any pair/instrument or ask any questions in the comment section below.
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CADCHF video top-down AnalysisHello everyone, here is the top-down analysis for CADCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
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NZDJPY video top-down AnalysisHello everyone, here is the top-down analysis for NZDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
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