Alibaba $BABAFilled 1 GAP today, on balance volume is lower, RSI underbought, MACD hasn't flipped over. Lackluster earnings, the stock has room to yellow line GAP fill $63.
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Swingtrader
NZDUSD: Important Structure to Watch Next Week 🇳🇿🇺🇸
Hey traders,
NZDUSD is trading in a strong bearish trend.
The market is falling for 6 consecutive weeks.
Ahead is a very important zone of confluence:
we see a perfect match between a horizontal weekly demand cluster
and a falling trend line of an expanding wedge pattern.
I believe that soon we will see a pullback.
Pay close attention to the underlined area and wait for a confirmation to buy.
❤️If you have any questions, please, ask me in the comment section.
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GOLD - Big Picture MattersLet's take a look at quaterly gold's chart. Gold seems to have a breakout to the upside and now back-tests its previous structure.
That resistance -turned- support around 1880-1895 should provide great buying opportunities if gold maitains its bullish structure and heads higher after back-testing.
We recommend traders to long gold at 1885-1895 with strict stop loss under 1875 and target 1930-1950-1965 (for short term trades)
We recommend traders to long gold at 1875-1895 with stop loss under 1825 and target 2070-2150-2230 (for medium term trades)
USDJPY: Technical Outlook & Things to Watch 🇺🇸🇯🇵
Hey traders,
Being within a wide 8-years trading range,
this week USDJPY broke its resistance to the upside.
It looks like the next long-term goal for buyers will be 135.0 20-years high.
Next week consider the retest of a broken structure to catch a trend-following move
or patiently wait for a test of the underlined resistance to catch a pullback.
Have a great and wonderful weekend!.
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Please, support my work with like, thank you!❤️
GBPUSD: Key Levels to Watch 🇬🇧🇺🇸
GBPUSD keeps falling.
Here are the key levels for you to watch.
Support 1: 1.225 - 1.229 area
Support 2: 1.207 - 1.21 area
Support 3: 1.141 - 1.145 area
Resistance 1: 1.267 - 1.274
Resistance 2: 1.315 - 1.322
We will expect a bullish/bearish reaction from these levels.
Once they are reached, though, wait for a confirmation before you open a trading position.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold D1 0 Long SignalGold D1
We ended up closing in our support region, around $1900 after pinned 100 pips short towards our 1890 support region.
Not sure how much we may see in terms of corrections, we have the obvious zones acting as resistance as we expected as support. $1916 and $1942 respectively.
GBPJPY Short / SellsThe Reason behind my Sell is very simple and straight forward.. Looking at the JPYBASKET,, i saw price was about to go Bullish based on my Bias and i saw a Sell Bias on the GBPJPY. So, Logically, anything that happens on the JPYBASKET is the reversal of what happens on GBPJPY.
That's my reason behind me GBPJPY Short.
Entry: 163.645
SL : 163.846 (21 Pips)
TP : 161.060 (240 Pips)
Kindly use Proper risk management if you find this setup okay by you.
Pls don't forget to follow and like my ideas.. this would help in encouraging me to drop more trade ideas often.
Thank You!
GBPAUD: Classic Bullish Reversal 🇬🇧🇦🇺
Hey traders,
It looks like we have a classic bullish reversal on GBPAUD pair:
the price formed an inverted head and shoulders pattern on a daily time frame
and then broke and closed above its neckline.
Now I expect a bullish move to
1.773 - 1.778 supply cluster (first goal for buyers)
1.802 - 1.808 supply cluster (second goal for buyers)
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NZDCAD: Potential Swing Trade Explained 🇳🇿🇨🇦
Hey traders,
NZDCAD is trading in a long-term bearish trend.
Lower highs are perfectly respecting a major falling trend line on a weekly.
After the last strong bearish wave, the price reached that again.
On that, we see a descending triangle formation on a daily time frame.
To catch a bearish swing wait for a daily candle close below its support to confirm a breakout.
Then shorting on a retest we will expect a bearish move to 0.853 / 0.843 levels.
If the price respects a yellow support and breaks a trend line to the upside, the setup will be invalid.
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AUDNZD: Bearish Wave is Coming 🇦🇺🇳🇿
Even though AUDNZD remains very bullish since the end of the last year,
the market is approaching a major falling trend line on a monthly time frame at the moment.
Taking into consideration how the market reacted to that trend line in the past,
chances will be high to see a bearish move from that.
To sell with a confirmation, on focus is a rising wedge pattern on a daily time frame.
Daily candle close below its support will trigger a bearish move at least to 1.077
If the price breaks the trend line to the upside though,
a bullish movement will be expected.
❤️Please, support this idea with like and comment!❤️
Bearish Sentiment for GBPAUDHello traders.
The technical sentiment says are more sellers than buyers.
When performing the analysis it looks like this:
Downtrend - lower low & lower high
As long as price stays below lower high price can continue selling off.
However, if price passes the lower high, that will indicate a reversal.
Until then its best to keep selling.
MTARTECH - Swing trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Wonderla - Swing trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
USDCHF Long term trendGiven the clear 3 level drop on the monthly chart and the level 3 consolidation visible on the monthly chart, this pair is rising on a long term perspective.
As such, I have noted areas of interest for entries and profit taking.
Following the structure, entering quarterly peak lows and holding (quarterly swings) while maximizing on the weekly cycle in relation to the long term cycle will result in exponential profit potential. Execute trades in line with this cycle as best as possible
MarketBreakdown | EURUSD, Bitcoin, Silver, AUDNZD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURUSD - Daily time frame 🇪🇺🇺🇸
Yesterday the price broke the last higher low level to the downside setting a lower low.
It is a very strong bearish clue and now the pair may drop lower.
Directional bias is bearish now.
2️⃣ Bitcoin (BTCUSD) - 3 days time frame
After a confirmed bullish breakout of a major supply cluster,
Bitcoin is consolidating.
The market is trading within a narrow horizontal trading range.
I believe that soon a strong bullish rally will initiate.
3️⃣ Silver (XAGUSD) - Weekly time frame 🪙
After a bullish breakout of a major falling trend line,
the price is approaching that again.
Wait for one more test of that trend line and wait for a confirmation to buy.
4️⃣ AUDNZD - Monthly time frame 🇦🇺 🇳🇿
The market is approaching a major monthly falling trend line.
I will expect a correctional movement from that.
Wait for confirmation on lower time frames to short.
❤️Please, support this idea with a like and comment!❤️
EURCHF: Important Breakout & Bearish Forecast 🇪🇺🇨🇭
EURCHF is trading in a long-term bearish trend.
After a retracement from a new structure low the price formed a big head and shoulders pattern on a daily.
This night bears managed to break its neckline.
I believe it will trigger a strong selling reaction.
Initial target - 1.0035
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USDCAD: Still Looks Bearish 🇺🇸🇨🇦
After a confirmed bearish breakout of a major rising trend line on a weekly,
USDCAD did not manage to return back above that.
I believe that the pair will keep falling soon.
For entries consider an occasional retest of a broken trend line.
Closest support: 1.225 - 1.235
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US DOLLAR SHORTFrom my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short.
This is for SWING traders but for shorter term traders, you can adapt this to your strategy.
For next week, I will be looking for long opportunities in Both EURUSD AND GBPUSD. Also a short opportunity in USDJPY.
Cheers fam!
MarketBreakdown | Dollar Index, USDJPY, USDCAD, AUDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ Dollar Index (DXY) - Daily time frame 💵
The index is trading in a strong bullish trend.
Since the beginning of March, the market started to consolidate within a horizontal trading range.
Its bullish breakout will trigger the next strong bullish wave
while its bearish violation will lead to an initiation of a correctional movement.
Also, while the market is consolidating, consider range trading selling from resistance and buying from support.
2️⃣ USDJPY - Monthly time frame 🇺🇸🇯🇵
The pair is approaching 6 years' high.
Chances will be high that the price will start a correctional movement from that structure.
Wait for confirmation to short.
3️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦
The market broke and closed below a major rising trend line on a weekly.
It is a very strong bearish clue and now the pair can drop lower.
Bias is very bearish and I am looking for shorting opportunities on a retest of a broken trend line.
4️⃣ AUDUSD - Weekly time frame 🇦🇺 🇺🇸
The pair is approaching a strong weekly structure resistance.
I am expecting a pullback from that structure.
Wait for confirmation on lower time frames to short.
❤️Please, support this idea with a like and comment!❤️