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USDJPY Bear Market?USDJPY (Daily) - Last week the Yen finally broke out of the 12 week consolidation zone with a strong impulsive move that came on Thursday. We saw the move violate both the 110.500 and 110.000 levels which are important numbers followed by a retracement move which came on Friday to retest the zone. As long as price remains outside the channel, we can expect more weakness to follow as the market sentiment has now shifted from bullish to bearish at least for the forseable future. As the market opens, we can expect price to test this zone further into Monday and early this week before a potential continuation to the downside. 108.000 looks like an attractive liquidity zone for targets and take profit.
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by Swiing
AUDUSD at Key ResistanceAUDUSD (H4) - Last week we saw the Aussie make a corrective move back to 0.76000 following an aggressive sell off from 0.77000 the week before. The market closed just below 0.76000 on Friday with a pinbar on the daily timeframe after price tested the level from below and failed to close above. On the daily timeframe this level is also currently acting as a neckline for a Head and Shoulders which could be signalling a trend reversal for the Aussie. Should price fail to close above this level again early this week, we could see a weaker Aussie with prices sinking lower possibly to around the 0,73000 levels.
Short
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GBPUSD Double Top?Weekly timeframe Double Top? Strong rejection to the downside after price, for the second time has failed to break above 1.41200 in recent weeks. A strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market. 1.37000 is the next support level which is also acting as the neckline for a potential double top pattern formation. Could this be the beginning of a trend reversal for the pound? First short targets at around 1.32000 area.
Short
by Swiing
BABA - 1D candle - Long Above 220$ BABA can interest me for a cute swing. This stock is a strong company, with good Revenue, future prospects and technological innovations. China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO. -------------------------------------------------------------------- Recent News (Fundamental): * It announces that it will produce robots that will enter the Chinese economy. * It announces that it will start producing electric trucks. -------------------------------------------------- ------------------- The average analysts' rating by "TipRanks" is positive. With a consensus of 25 buy recommendations right now! -------------------------------------------------- ------------------ technical analysis : Above price 220$ it will prove that it breaks the descending triangle Under 195 I would less recommend holding it PT1 - 268.50$ (Conservative) PT2 - 297-300$ -------------------------------------------------- ----------------- * For traders who like to measure price levels with Fibonacci, it appears for you in the graph, from the highest price to the price at which the stock is currently * There is no recommendation, you are big kids, do your research .. I just share with you my trading ideas * Let me know what you think, your opinion is important to me !
NYSE:BABALong
by SaTLla101
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