Price Action Says Short, But War Can Say BullGold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short.
The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action.
But technical analysis still screaming this is a big big short. Let's see.
BEAR TPS:
• 1550.55
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1489.61
BULL TPS:
• 1571.51
• 1584.37
• 1595.62
• 1610.72
Swingtrader
In a Range Awaiting BreakoutWe are in a range according to the 4hr.
According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active.
Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice.
BEAR TPS:
• 1.70068
• 1.69680
• 1.69298
• 1.68939
• 1.67490
BULL TPS:
• 1.71354
• 1.71800
• 1.72316
• 1.72902
Trendline TradeWe have new trendline bounce which means we can continue
back up to the monthly SR level at 0.91362 to see if we can pass it.
The other possibility is this is just a pullback move for the short
and we will continue further south to the 0.89873 zone after
a break and retest of the trendline.
BULL TPS:
• 0.90697
• 0.90955
• 0.91256
New Tps will be posted when it breaks and retests SR zone.
BEAR TPS:
• 0.89956
• 0.89801
• 0.89477
New Tps will be posted when it breaks and restest area of 0.89372
Bearish Continuation PossibleI'll be honest here.
I got excited GBPs became bearish.
The target goal if it continues down is around the 1.67490
if it can keep the swing going.
Otherwise, It can break this trendline and continue to keep going bullish
once it breaks through the daily SR zone.
Target for the bull this week. Is 1.71800
BEAR TPS:
From the trendline…
• 1.70611
• 1.70068
• 1.69680
• 1.68939
• 1.68150
New TPs will be posted once it breaks the last bearish TP.
BULL TPS:
• 1.70611
• 1.71066
• 1.71349
• 1.71800
New TPs will be posted once price breaks the last bullish TP.
Trendline Trading This OneWe're just gonna do trendline trading this week with this pair. Here are the TPs for this pair.
BULL TPS:
• 83.320
• 83.598
• 83.592
• 83.984
Must break and retest last TP before I post more.
BEAR TPS:
• 82.923
• 82.753
If can breakthrough monthly SR…
• 82.479
• 82.239
Must break and retest last TP before I post more.
Bearish Move May ContinueThe move is still looking pretty bearish for now.
It's currently set up for a pullback to the daily SR. And from there we will see if price will continue on to break the trendline and keep going.
Being honest here.
I HOPE it keeps right on moving down to the 135.674 daily zone. Getting to there will be making a great setup for another bullish rally.
Patience, patience.
BEAR TPS:
Starting from daily SR level 142.660…
• 141.469
• 140.757
• 140.009
If it can break and retest the last TP…
• 139.393
• 137.658
• 135.909
BULL TPS:
• 142.320
• 142.902
• 143.979
• 144.775
• 147.177
Must break and retest last TP before I post more.
This Is A Sell As Long As...If the president of the United States doesn't open his mouth or
further antagonize what looks like will be a HUGE war with Iran,
this is a setup to go bearish.
When he opens his mouth, especially about Iran, this will go bullish.
For now, a large bullish move with NO pullback means ones coming.
So I am completely bearish to 1537.30.
My bigger target will not be active until it can pass that monthly SR.
As a U.S. citizen, I am very nervous and upset about what just happened.
But for right now, I gotta mark the charts by price action and based on a new war possibly arising.
BEAR TPS:
• 1537.30
• 1527.05
• 1515.56
• 1503.63
• 1492.65
Must break and retest last TP for new TPs in this direction.
BULL TPS:
From monthly SR zone of 1537.30…
• 1550.55
• 1563.75
• 1593.05
• 1603.83
• 1629.31
Must break and retest last TP for new TPs in this direction
YETI (YETI) Breaking out of a narrowing range. Due to the strong Beta of Yeti (2.96 [Stock moves 2.96x as fast as avg of market direction), expect a rip up if the "santa claus" rally truly takes off.
Volume is indicative of a move north, in addition to the clear consolidation, and break through upward channel price of $37.75.
YETI's expansion into international markets and their continued uptrend make for both a great swing trade in addition to a long position in the company.
As always...DYOR
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Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume, expected volatility, advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fond (700 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob Kovarik
Pullback Completing For ComtinuationBullish continuation is still possible despite that last-minute dip last week.
If you look at the charts on the daily, You can see this was nothing but a pullback.
I'm waiting it out for the next move and trading accordingly.
BULL TPS:
• 1.71066
• 1.1800
• 1.72316
• 1.72902
BEAR TPS:
• 1.70068
• 1.69680
• 1.68939
Potential Bullish ContinuationPrice is overall bullish after a consolidated range took place. It was a slow takeoff, but it looks like we'll be continuing in that direction unless it's rejected by the daily SR level at 1.47155.
BULL TPS:
• 1.46843
• 1.47155
• 1.47563
• 1.47935
BEAR TPS:
• 1.46329
• 1.46056
• 1.46789
• 1.45340
AUD/JPY Short Trade BiasLoving this trend in AUD/JPY both on the Daily & Weekly. Currently, we've seen the weekly pullback to a dynamic resistance (moving averages) where it's then proceeded to print a Doji rejection bar right on the 50% Fib level with a follow-through of last weeks bearish close. On top of that, we've seen the stochastic come to an overbought level on the weekly and proceeded to cross over which gives us extra confirmation. I think having a wide enough SL (100 pips) with a target of 270 pips or so could be a pretty decent trade.
So to check this trade-off we have:
Weekly Stochastic overbought (Check)
Weekly rejection Doji and lower high (Check)
Weekly Bearish Engulfing close (Check)
Moving Averages working as dynamic resistance (Check)
Rejection at the 50% level (Check)
Looks good to me!
Potential Bullish ContinuationThe consolidation was a pain, but now it looks like at a potential double bottom is forming after the drop.
Wanna see how far we'll go up if that's the direction as a continuation, or if we'll get to the trendline below and break/support it.
BULL TPS:
• 0.90242
• 0.90955
• 0.91256
BEAR TPS:
• 0.89641
• 0.89467
• 0.89025
Next Move Determined By Daily Key LevelWe are currently near two key levels: a daily and a weekly underneath. Waiting to see if price will breakthrough daily SR level and head to the weekly.
What it does at the weekly if it can get there, will determine if we will have a strong bullish or bearish move.
Here are the TPs for now:
BEAR TPS:
• 1460.33
• 1455.75
• 1442.25
• 1438.31
• More TPs if it can break the weekly SR level.
BULL TPS:
From the daily key level at 1460.33
• 1474.91
• 1486.85
• 1503.63
Will Harmonic Still Be Respected?Some good moves happened with CADJPY, so going over this a little more.
Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least.
Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides.
As you can see, a trendline sits there in the waiting. If it can break that trendline, that'll be a nice dropdown. If it bounces off, the bull rally continues.
BEAR TPS:
• 82.239
• 81.905
• 81.638
• 81.464
• New tps announced if the trendline and daily SR level are broken.
BULL TPS:
• 82.719
• 83.230
• 83.598