AUD/USD lilkely to fall!Hey tradomaniacs,
looks like we had a fakeout on AUD/USD and so a nice chance to short it if confirmed.
We usually wait for a re-test and rejection to be safe, but if u want to trade aggressively u can also early-enter with a potential re-test.
However, recent news were mixed so market is very wild and risky to trade.
What do you think?
Swingsetup
Swing trade setup for Oct 20Swing trade setup for Oct 20-------I DO NOT GIVE SOLICITATION TO BUY OR SHORT. USE YOUR OWN DISCRETION
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
AUDUSD Swing Upward 200+ PipsWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDJPY: Very Bearish Outlook 🇦🇺🇯🇵
AUDJPY looks very bearish to me:
after a strong bearish wave, the pair was consolidating within a narrow horizontal trading range on a daily.
Yesterday, the price finally broke and closed below that.
I believe that it will push the market to the next support.
Target - 90.55
For entries, consider an occasional retest.
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EUR/USD likely to fall again!Hey tradomaniacs,
EUR/USD just tested a strong resistance-zone where price could reject from in order to follow the trend.
If risk-off continues it is more likely to see a stronger USD-Dollar and so a suffering EURO.
Only 10% Inflation could push EURO as rate-hikes are getting more likely.. ;-D
What do you think?
EURCAD: Very Bullish Outlook 🇪🇺🇨🇦
One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD.
Forming a high momentum bullish candle, the market successfully closed above them both.
I think that it will trigger a further bullish continuation.
Next resistances: 1.358 / 1.368
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GBP/USD likely to fall!Hey tradomaniacs,
looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers.
So far a great spot to go short but still risky due to the news from BoE.
Make sure if u short that you manage aggressively!
What do you think?
NZD/USD likely to fall!Hey tradomaniacs,
NZD/USD has re-tested a strong resistance-zone aswell as the current trendline.
Also see how price moves to the previous PoC, which could act as a resistance here.
Overall a great spot to short if we get more risk-off in equities.
Technically its good to wait for a break below the lower resistance-line of the zone to get a g ood confirmation as this would define a fakeout.
Let`s see =)
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
A lot of questions about EURUSD.
Here is my latest structure analysis and key levels to watch for you:
Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.
On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.
Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.
Consider these structures for pullback / breakout trading.
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Please, support my work with like, thank you!❤️
USD/CHF likely to move UP!Hey tradomaniacs,
we could see another spike up wit the current re-test which is showing absoprtion in the future-market by sellers (USD/CHF - Buyers).
Don`t get confused as this future-chart shows CHF/USD...
Could be a good one but I`m still cautious due to FOMC this week, so market could be volatile and uncertain.
ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome!
Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July.
A clear base has formed at the 0.041 level during this consolidation period.
Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade.
Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines).
The 9EMA will act as a trailing stop when/if the trade is active.
This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
EUR/USD likely to fall!Hey tradomaniacs,
looks like we got trapped buyers in the market means we could see a at least a retracement or a complete drop with the test of the current resistance-zone.
Market has been a little bit tricky due to weird correlations but I will give it a shot and short EU here.
What do you think?
GBP/USD likely to fall!Hey tradomaniacs,
after higher core-inflation than expected the market will probably price in a very hawkish monetary policy by the fed as the black period won`t give any further input regarding plans or eventual changes.
This might oush the USD further to the upside and could cause another fall for GBP/USD.
Technically a good spot to sell, especially of we get another fake-move towards resistance-zone.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed below a key daily demand area last week.
The broken structure turned into a resistance now.
I will expect a bearish move to 0.6515 level now.
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Please, support my work with like, thank you!❤️
NZDCHF: Classic Trend-Following Setup 🇳🇿🇨🇭
Hey traders,
NZDCHF is trading in a long-term bearish trend.
After a strong bearish impulse in June, the market started to consolidate within a horizontal trading range.
Its support was finally broken yesterday.
I believe that it will trigger a trend-following move.
Next support - 0.58
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Please, support my work with like, thank you!❤️
SPX500 about to fall!Hey tradomaniacs,
looks like SPX500 is ready to fall again soon unless news give us any other input.
So far Market-Depth has shown on overshoot with trapped buyers right at resistance.
Another re-test with e.g. SL-Hunt could confirm this setup! Technically a good spot to sell.
Let`s see! =)
AUDUSD: Bearish Outlook For Next Week 🇦🇺🇺🇸
Hey traders,
We have spotted earlier a HUGE head and shoulders pattern on AUDUSD on a daily.
The price broke and closed below its neckline, turning that into a strong resistance.
Now a further decline is expected.
Next goal for sellers - 0.6735
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EUR/USD with another move DOWN!Hey tradomaniacs,
previous breakout of the consolidation could give us a nice opportunity to follow the momentum as soon as structure gets re-tested.
Since EUR/USD gets traded around the parity I`m very cautious with shorts as price could get stabilized and manipulated by the ECB as the reputation of Lagarde & Co is already suffering.
However, technically a good chance if confirmed to trade down to the key-support-zone with a nice Risk-Reward.
AUD/USD Likely to fall!Hey tradomaniacs,
looks like AUD/USD wants to continue with the previous breakout to move down.
Current dissapointment by Jerome Powell saying they won`t ease their monetry policy in the upcoming future caused another risk-off-mood in equities and a strong US-Dollar.
If we see more sell-offs on indicies be ready to short aud/usd - Technically a good spot to sell!