Swingtrade
EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bearish trend.
After the price set a new lower low at the beginning of October,
the market started a correctional movement within a bearish flag pattern.
Closely monitor a support of the flag next week,
its violation - a daily candle close below, will be a strong bearish signal.
A bearish continuation will be anticipated then to 1.051 / 1.047
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USDJPY Ahead of Powell Speech 🇺🇸🇯🇵
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
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Bullish potential detected for BOTFollowing a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and thus far intraday is also achieving good support from the $0.14/$0.145 level, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the low of the recent gap-down on 26-Sep (i.e.: below the low of $0.115).
Why I'm Going Long on ShopifyOn the weekly timeframe for NYSE:SHOP , I noticed four things immediately:
- A candle close above the bullish flag forming, indicator bullish momentum.
- NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level.
- When price bounced off of $53.70, it was also at the 5 SMA, adding more confluence to my trade
- Lastly, I saw a divergence on the volume indicator, which is always a good sign of confluence for my trades.
Given these four reasons, I am bullish on NYSE:SHOP as of now.
Stop Loss / Take Profits
Stop loss:
The stop loss of this trade is set at $55.42, which is the most recent low.
Take Profits:
All of these take profits are set at levels that I felt were phycological levels.
My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
If TP3 is hit, this will be a 1:1.44 R:R trade.
Let me know what you think of this trade!
USDJPY: Bullish Wave is Coming?! Again?🇺🇸🇯🇵
USDJPY is trading in a long-term bullish trend.
The pair is currently accumulating around 150.2 resistance.
I see a completed ascending triangle formation.
Bullish breakout of its horizontal neckline - daily candle close above
will be a strong bullish signal.
A bullish continuation will be anticipated to 151.5 level then.
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GRAUWEIL SUPPORT BASE TRADEGRAUWEIL Support Base Trade
> Sitting on a trendline
> Have taken multiple times support
> Good Volumes
> Good candle
> RR is Good
EURCHF: Important Bearish Breakout 🇪🇺🇨🇭
With one single bearish candle, EURCHF successfully violated 2
important daily structures: a horizontal support and a rising trend line.
The broken structures compose an expanding sell zone now.
I will anticipate a bearish movement from that at least to 0.946
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GBPJPY: Bullish Reversal Now Confirmed?! 🇬🇧🇺🇸
Take a look at GBPJPY.
I see strong signs of a bullish reversal on a daily time frame:
the price formed a huge inverted head and shoulders pattern,
a neckline of the pattern and a resistance line of an expanding wedge pattern
were successfully broken.
I anticipate a growth now.
Goals: 185.4 / 186.5
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Dark Pool Buy Zone Signals: AEISNASDAQ:AEIS was one of the darlings of the '90s. So much fun to swing trade this stock. It is now moving up to test the all-time highs of 2021. Electronic Components are cyclical stocks typically with huge revenues ahead of holidays, school openings and summertime. The cycle is starting again.
Notice that Volume Oscillators and Money Flow indicators are rising from the bottom of the chart. This pattern has been very reliable in determining the end of the run down this year. Many stocks have this pattern at the moment. This signals the Buy Zone.
Bullish on TTD?
Here, as you can see on the weekly chart, we have formed a double bottom. We are also bouncing off of the 25 EMA as well. The volume was a little higher than last week. And we have had 2 green weeks in a row. Also, the MACD has turned bright red indicating that potentially the selling pressure has subsided. Also, the technicals are all pointing bullish. Also, on the daily chart to finish off this previous week, we ended on a strong bullish candle with high volume and the MACD turned green.
INOXWIND breakout SUCCESSFULINOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.
Reason:
descending bullish triangle pattern breakout confirmation.
RSI is breaking 60 to upside nice strength in the trend.
Support at VWAP
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
EURAUD: Breakout & Bearish Continuation 🇪🇺 🇦🇺
EURAUD broke and closed below a support of a horizontal trading range on a daily.
Taking into consideration the fact that the pair is trading in a minor bearish trend
since the middle of August, such a violation may signify the remaining strength
of the sellers.
I expect a bearish continuation to 1.6275
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