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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Swingsetup
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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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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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
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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!
USDJPY: The Long-Term Goal 🇺🇸🇯🇵
This August was very bullish for USDJPY.
The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart.
I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high.
We concluded that such a violation will push the pair much higher.
I believe that the next long-term goal for buyers is 146.0 - 147.6 resistance, based on 25 years' high.
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EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD broke and closed below a key daily structure support.
The broken structure turned into a strong supply area now.
Taking into consideration that the pair is trading in a long-term bearish trend,
that breakout may trigger a bearish trend continuation.
Next support - 1.282
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Please, support my work with like, thank you!❤️
Mid term swing opportunity in CTI BioPharma (CTIC)Stock had decent drop right after earnings to the lowest channel support line.
Stock is heavily short : 20% of float is short
80% Institutional investors.
nice swing opportunity for a re-bounce to the upper "resistance" channel line.
NASDAQ:CTIC
NZDCAD: Bearish Outlook 🇳🇿🇨🇦
NZDCAD is trading in a global bearish trend.
Setting a new low in July, the market started a correctional movement within a bearish flag pattern.
The price finally broke its support on Friday and closed below that.
I assume that the pair may drop to a current low soon.
Goal - 0.795
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Please, support my work with like, thank you!❤️
GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺
Bearish rally on GBPAUD continues.
The price is currently violating a major weekly demand cluster.
If this week's weekly candle closes below the underlined blue zone,
a breakout will be confirmed and a further decline will be expected.
Next support will be 1.69
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Please, support my work with like, thank you!❤️
NZD/CAD: Bullish Reversal runningNZD/CAD: Bullish Reversal running
> breakout of bearish trendchannel
> Higher-high-higher-low sequence established
> weekly high broken to the upside
> 200er MA in H4 protecting downside
> next downward trendline fard away
> POC volume below current levels
The setup can potentially pull back a little before advancing. As we are Wall Street Swing Traders, our Stop Losses are far (see SL zone) to give our trades room to breath.
This way, we are achieving an unusually high success rate. I have included the past entries with the WSI H/L Wall Street system in the chart, as usual.
Feel free to reach out with any questions or comments.
Meikel & Your Team WSI
PS :
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