Gold -> Missing The All Time High ChanceHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
Looking at the overall picture you can see that Gold retested the previous all time high which was roughly at the $2060 level and from there just once again rejected towards the downside.
With this week's candle it also seems like Gold is breaking a major previous weekly structure level towards the downside so there I as higher chance that we will now see more bearish pressure on Gold.
And over the past couple of days there was a quite harsh sellof on Gold without any bullish rejection so there was no bullish setup as I was expecting - I didn't enter any long position and I am just waiting for new structure on Gold before I will look for new potential setups.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Reversalpattern
Falling Wedge | Reversal soonWeekly Chart
BINANCE:RUNEUSDT has downed over 96% from ATH and RUNE's in the Falling Wedge. That means it can be reversed soon
Daily Chart
BINANCE:RUNEUSDT is trading at 0.92x and going down to the support (Fair Value Gap) around 0.87
We can BUY if RUNE reject that level
Wait for next move
Moving up slowly and wait a breakoutWeekly Chart
ROSE BINANCE:ROSEUSDT is creating right shoulder in Head Shoulders which is a famous reversal pattern.
ROSE needs to break a neckline to complete Reversal Pattern
Daily Chart
ROSE is along the strong support and wait a breakout above purple line
I expect price will go up 0.063 after breakout
Wait for next move and I'll update
US Oil SPOT | Perspective for the new week | Follow-upIn July, we witnessed a remarkable surge, with oil prices soaring over 14%, marking the most substantial monthly percentage increase since January last year. A perfect blend of tighter supply and surging demand triumphed over concerns about potential interest rate hikes and lingering inflation, igniting economic growth prospects.
Adding to the excitement for bulls, OPEC leader Saudi Arabia made a game-changing announcement on Thursday. They have decided to extend their voluntary oil output cut of one million barrels per day (bpd) for an additional month, spanning into September. And that's not all! Russia chimed in, harmonizing with the Saudi move, announcing a hefty reduction of 300,000 barrels per day from its exports. The bulls are certainly in for a merrier ride!
The US oil market is embracing this momentum with open arms, hinting at a potential ride up to $86 before facing any noteworthy resistance. But the big question looms—can we seize this golden opportunity and capitalize on this bullish move in the exciting week ahead?
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY | Perspective for the new week | Follow-upThe USDJPY market sentiment is undergoing a captivating transformation, edging from neutral to bearish, with intriguing signs of bullish exhaustion surfacing.
The Japanese currency is on the rise, gaining traction as Bank of Japan (BoJ) comments reveal plans to widen the benchmark 10-year Japanese Government Bonds (JGB) from 0.5% to 1.0%. This move has propelled Japanese yields to their highest levels since 2014, sparking anticipation of a potential pivot by the BoJ. However, the Yen remains vulnerable unless the bank takes decisive action. Currently, there's a prevailing perception that the BoJ's hawkish signals and surging Japanese yields might curtail the pair's gains in the foreseeable future.
As we journey through the US economy's realm, recent developments have dealt a blow to the bulls. The lower-than-expected increase in Nonfarm Payrolls, with a mere 187,000 new jobs reported in the July jobs report, has significantly impacted investor sentiment. The implications of Fitch's downgrade of the United States government's long-term debt rating further add complexity to the picture.
Amidst this intricate landscape, all eyes now turn to the upcoming week, where no high-impact events are expected from Japan's economy. Traders are keenly observing US economic indicators for pivotal signals that could shed light on the likely direction of prices. The BoJ's hawkish stance continues to play a major role in shaping the currency's trajectory.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD | Perspective for the new week | Follow-upThe precious metal appeared to find strong support, hovering above the crucial $1,930.00 level for most of Wednesday and Thursday. However, things took a thrilling turn after the Non-Farm Payroll data release, as Gold broke out of the $1,993.8 level, setting the stage for a potential reversal ahead.
The US Dollar is currently facing headwinds, thanks to a lower-than-expected increase in Nonfarm Payrolls, with only 187,000 new jobs reported in the July jobs report. This economic development has significantly impacted investor sentiment and boosted the safe-haven appeal of Gold, especially given the unpalatable revelation from Fitch's risk rating.
As investors keep a watchful eye on the unfolding events, the implications of Fitch's downgrade of the United States government's long-term debt rating are being carefully processed. This situation has the potential to significantly impact the Gold market, adding to the intrigue and excitement as bulls look forward to continued bullish momentum in the upcoming week.
XAUUSD Technical Analysis:
In this recorded video, we embarked on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we gained invaluable insights into the motivations and actions of both buyers and sellers.
Our attention was drawn to the key level at $1,930, which holds tremendous importance for the week ahead. It served as a pivotal focal point, and the continued rejection of the $1,930 zone from buyers could set the tone for a bullish momentum in the coming week.
Let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lay ahead! With these updates and comprehensive analysis, we are equipped with the necessary tools to make well-informed and strategic trading choices throughout the week.
Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
GBPUSD | Perspective for the new week | Follow-upExciting times are ahead for the Pound Sterling as it makes a strong recovery during the second half of the previous week, soaring near 1.27800! The market sentiment is on the rise, and the Bank of England (BoE) is signaling a hawkish stance on interest rates, giving the GBPUSD pair even more room to climb higher. The recent interest rate decision saw a 25 basis points increase to 5.25%, fueling the optimism for further gains.
In contrast, the US Dollar is facing some headwinds following the release of the US July jobs report, which showed a lower-than-expected increase in Nonfarm Payrolls with only 187,000 new jobs. This has given the Pound Sterling an added boost and raised hopes for continued momentum in the upcoming week.
Of course, investors are keeping a close eye on developments as they also process the implications of Fitch's downgrade of the United States government's long-term debt rating. This could have far-reaching effects on the cable market, adding to the intrigue and excitement.
GBPUSD Technical Analysis:
Will the pound find solid support at $1.27000, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the UK and US dockets, including the Consumer Price Index, Gross Domestic Product, Producer Price Index, and Consumer Sentiment Index. Brace yourselves as these events may trigger sharp price movements that could present incredible trading opportunities.
In this video, we've analyzed the Daily and 4-hour timeframes, meticulously exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure.
Keep a close eye on that critical confluence at $1.27000, where an ascending trendline intersects in the Daily timeframe. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days.
Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results
LLY Earnings Play LONG ( Flat Bottom Triangle Breakout)My analysis is on the 2H. I am uniquely qualified in my fundamental analysis. This is a one
day until earnings. My thesis is the earnings will stimulate what will be a breakout from
a flat bottom triangle. I will buy one share of stock. I will spend a similar amount on
call options striking $460 expiring August 11th. I see LLY as surging while PFE is a bit
challenged with the fall off in Covid vaccine work. If you find this idea interesting and
might appreciate my ideas as to a stop loss and targets, leave a comment. Like and
subscribe. Trade well !
BYND is signaling a reversal LONGBYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down
with the ranging of the candles transitioning from wide body candles into ones more narrow.
Earnings were a very mild beat in the thick of the fall as apparently traders expected more.
The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual time
frame RS Indicator shows low green TF and higher black TF low in the range but holding over
20-25. Relative to the fall of price this is hidden bullish divergence. My analysis is that
this is BYND at the near term bottom awaiting my long reversal trade. I will target 15.4 and
16.3 from the upside VWAP lines. If you are interested in my idea for a call option trade
please leave a comment. If you find the idea helpful please leave a like or even a follow.
Ethereum -> Last Bounce Before A Strong MoveHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
Looking at the daily timeframe you can see that Ethereum is once again retesting support at the $1825 level - I am therefore waiting for another bullish rejection and a break above the daily downtrendline and then also the daily timeframe is ready for a pump.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
TMF ( 3X Treasuries)beatdown completed reversal underway LONGOn the one-hour chart, TMF a triple ETF of long-expiration treasuries has finally
completed its downtrend or ten days given more bearish momentum with the federal
debt downgrade of creditworthiness as well as the rise of BRICS as a reserve currency.
Three indicators show bullish divergence with a MACD cross under the histogram. The
30 minute RS line rising before the 2 hr RS line reacts and importantly a mass index
signal rising into the reversal line and then a drop. While none of this is a Holy Grail,
I am confident that the bias here is bullish. I will trade long if you are interested in
the stop loss and targets let me know. If you would lke my idea of an options setup, let
me know as well. If this idea is helpful, please like and subscribe. Trade well !
FILUSDT - Potential Bullish Opportunity! 🚀 FILUSDT - Potential Bullish Opportunity! 🚀
📊 Technical Analysis:
- 1-hour chart shows a clear downtrend in FILUSDT.
- RSI indicator is displaying a bullish divergence, hinting at a potential reversal.
- A bearish falling wedge pattern is forming, signaling a potential trend reversal.
📈 Trade Plan:
- Buy Stop Entry (Above Last LH): $4.165 🎯
- Stop Loss (Below Last LL): $4.041 ❌
- Take Profit (1:1): $4.288 🎯
- Projection Range: $4.122 - $4.360 📈
📉 Risk Management:
- Risk-Reward Ratio: 1:1 ⚖️
- Only invest what you can afford to lose 💰
- Use appropriate position sizing to manage risk 🔍
📝 Investment Advice:
The provided technical analysis suggests a potential bullish opportunity in FILUSDT. However, always exercise caution and perform your own research before making any investment decisions. Remember to set a stop-loss to protect your capital.
Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. Trading involves risks, and past performance is not indicative of future results. Always do your own analysis and seek professional advice if needed. #DYOR #InvestResponsibly
Let's stay sharp and take advantage of the market opportunities! Happy trading! 📈🚀 #CryptoCommunity #TradeSmart
📈 #CryptoTrading #TechnicalAnalysis #FILUSDT #BullishDivergence #FallingWedge
XAUUSD | Price Action | New perspective | follow-up detailsThe yellow metal is potentially heading for weekly losses amid a surge in the US dollar's strength. Despite a slight relief on Friday, gold had been grappling with significant losses from the previous session when data revealed that the US economy outperformed expectations in the second quarter.
This impressive reading bolstered the dollar and pushed gold over 1% lower, as traders speculated that the robustness of the US economy might prompt the Federal Reserve to continue raising interest rates.
The release of this data followed the Federal Reserve's recent interest rate hike, with indications of another potential hike later this year, as inflation remains higher than the central bank's target range.
Rising US interest rates are not favorable for gold and other metals, as they increase the opportunity cost of holding non-yielding assets. Consequently, the strong GDP reading caused gold to erase all its gains for the week, with the precious metal now trading approximately 0.8% lower.
XAUUSD Technical Analysis:
In this recorded video, we embarked on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we gained invaluable insights into the motivations and actions of both buyers and sellers.
Our attention was drawn to the key level for the second consecutive week at $1,960, which held tremendous importance for the week ahead. It served as a pivotal focal point, and the reactions witnessed within this zone, particularly in light of upcoming high-impact economic events, were indispensable in guiding our precise trading decisions.
Let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lay ahead! With these updates and comprehensive analysis, we are equipped with the necessary tools to make well-informed and strategic trading choices throughout the week.
The stage was set, the spotlight was on, and the thrilling drama of the gold market awaited your presence. Stay tuned for further updates as we closely monitor the market developments impacting gold's outlook. Remember to exercise caution and consider the implications of economic indicators on your trading decisions.
Happy trading!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe BOJ's decision to adopt a more flexible bond yield approach indicates a potential shift away from its ultra-dovish stance. Under this approach, bond yields will be allowed to fluctuate beyond the previous target range. The economic landscape was further impacted by surprising data on Friday, indicating that inflation in Japan's capital exceeded expectations during July, adding an element of complexity to the current situation.
Despite these developments, the outlook for the Yen faced some headwinds due to the release of robust second-quarter U.S. GDP data. The stronger-than-expected economic performance raised expectations that the Federal Reserve will have the necessary economic space to continue its path of raising interest rates. However, this scenario poses challenges for regional currency units, including the Yen.
With no high-impact events expected from Japan's economy in the upcoming week, all eyes are now turned toward the economic indicators from the US economy. Traders will closely be monitoring these indicators for signals that can provide insights into the likely direction of prices.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 141.000 and 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD pair faced downward pressure last week due to a dampened economic outlook caused by the Bank of England's aggressive policy amid fears of a recession. Despite this, overall sentiment for Pound Sterling remains bullish, as the UK central bank may consider more interest-rate hikes to tackle inflation.
In June, UK's Consumer Price Index (CPI) softened to 7.9%, with core CPI, excluding volatile food and energy prices, falling to 6.9%. However, these declines are not enough for the BoE to declare victory over inflation. On August 3, the BoE is expected to raise interest rates despite rising recession concerns and the challenges faced by businesses.
Conversely, the dollar surged on Thursday as data showed the U.S. economy grew faster than expected in the second quarter, reducing the likelihood of a recession in the second half of the year. This could potentially lead to further interest rate hikes by the Federal Reserve if the strong economic performance continues.
GBPUSD Technical Analysis:
Will the pound find support at the current confluence at $1.28500, or is a breakdown imminent, inciting a potential sell-off? Be prepared as the BoE interest rate decision draws near it may trigger sharp price movements in the pound.
In this video, We analyze the Daily and 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points was examined to reveal essential insights into the current market structure.
Don't miss the key level at $1.28500, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days.
Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsPrepare yourself for a thrilling week ahead as all eyes are fixated on the much-anticipated interest rate decision by the Fed. The question on every trader's mind is, will the Fed signal an end to this year's rate hikes? And if they do, brace yourself, because oil could be on the brink of a momentous breakthrough, turning that elusive $80 per barrel from resistance into rock-solid support!
Hold onto your hats, because the excitement doesn't stop there! Oil prices surged by nearly 2% on Friday, marking the fourth consecutive weekly gain. The market is abuzz with growing evidence of impending supply shortages, sending ripples of anticipation through the market. But that's not all—rising tensions between Russia and Ukraine add an extra layer of intrigue, potentially further impacting supplies. The stage is set, and the question on everyone's lips is, what lies ahead in the upcoming week?
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Unlock the secrets of the oil market's evolution and be at the forefront of every profitable move.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into
a drop this week to earnings which were a 7% beat on earnings. MACD lines are about
to cross. he lower RS line in green is showing bullish divergence while the mass index
signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or
flat candlebars at the end of the price action show the reversal is impending.
I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.