EURCAD - D - LONGDear traders,
Here is a new LONG signal on EURCAD :
Entry : 1.49
SL : 1.47599
TP1 (30%) : 1.50201
TP2 (70%) : 1.52591
GL HF
TDI
EURAUD - D - LONG - TDIOn daily we have a standard TDI breakout that indicates a BUY. It's backed up by 4H that is still bullish and the fact that weekly have strong support coming in if we go lower from here.
A big trade in terms of SL so please calculate your acceptable size lot in order not get wrecked over by a 400 pips SL.
GL HF
EURAUD - D - SHORTYou could wait for a minor pullback before shorting this. In my book, it's worth a short right now. PAC broken, multiple top and confirmation on 4H. Let's see if RSI50 holds or not.
GL HF
Snap Inc (Snapchat) Structure Breakout starting uptrend Impulse It seems SNAP INC has now completed its possible Descending Wedge pattern and has now initiated its Upward (Bullish) Impulse wave 1 on the Intermediate Time Period.
After most of the year on a downward (Bearish) trend, Snap has finally broken the structure (confirmed on the 4Hourly Chart) and I am waiting for a complete breakout of structure on the DAILY chart as marker for an Entry LONG on this stock.
Fundamentals also seem to suggest that recent studies are suggesting that the market is moving away from Facebook, (for reasons including virtue signalling and downright disdain and corporate censorship of facebook users by facebook's CEO Mark Zuckerberg), and the market seems to be moving towards SNAP and Instagram.
Thus the move to SNAP is evident in the Technicals where price action has now broken a major trendline/structure and seems to be on its way upwards (bullish) on an impulse move which is great news for Bullish investors.
Technicals suggest a breakout of structure has just occurred on the 4 Hour chart after a decending wedge, price action has also broken through initial resistance as well as the TDI showing strong upward trend with the RSI line outside of the upper/outer band. However beware of a possible retracement which may occur near the next upper resistance area. The Mustard EMA has already crossed the Water EMA with the Ketchup EMA not far behind a cross, most likely within the next 4 to 8 hours at the time of writing this analysis. Once those crosses appear and the TDI shows continued upward trend, we should see a strong push to the next upper resistance before a retracement, to form the first Impulse wave 1 and the retracement would be correction/consolidation wave 2.
Study Source here: www.recode.net
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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JNJ On the road to disaster due to $417 Million Lawsuit Loss?Fundamentals:
It seems Johnson & Johnson are on the road to disaster following a $417 Million Dollar verdict in baby powder case.
This is just the start of JNJs troubles as there are an incredible 4,800 Pending claims in the US Courts alone, over JNJs talc products.
The announcement from the article explains "LOS ANGELES—A jury on Monday awarded a woman with ovarian cancer $417 million in a case against Johnson & Johnson, the latest hit to the pharmaceutical company in widespread litigation over the alleged harms of its baby powder." - Sara Randazzo of the Wall Street Journal
Technicals:
After careful analysis, it seems that a WXY consolidation wave on the Intermediate period, has just completed and we may possibly see the start of an Impulse wave Down on the Intermediate time period, IF a breakout of structure occurs. Support and Resistance shows the possible formations during the downtrend.
Mustard and Ketchup EMAs have continued with the Uptrend since 2015 however due to the Fundamental issues facing JNJ, we can now expect a crossing of the Mustard, Ketchup EMAs with the Water EMA to confirm the downtrend move SHORT. Although TDI shows continued upwards band movement, RSI line shows close to overbought position above 60.0000.
In my opinion, I shall wait for more market data to occur, especially at market open to see if it will open with a GAP. If a GAP is present on Open today, that could be a precursor to future market sentiment as JNJ still has a whopping 4,800 pending claims to deal with and if the payouts are going to be in the vicinity of $400 Million, using this current case as a precendent, multiplied by 4,800 (in the USA alone - Not mentioning cases in other countries to be filed), I don't like the look of JNJs chances of surviving in the future. JNJ has enjoyed solid growth since the early 1990s, however putting customer's health at risk together with incompetent practices, usually equals a disaster which could be irrepairable. If price action breaks structure on the BLUE trendline (marked on my chart), I will start SHORTING this stock with large volume.
If price action breaches the RED trendline, another large volume will be shorted for maximum profit.
Informational Reference: Wall Street Journal
Article Here: www.wsj.com
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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AUDJPY - D - SHORT - TDIGood RR here but risky trade as counter trend. I don't see this pair pullbacking below 85.5 but there is a possibility that it goes straight north in the next minute. However a healthy pullback is what I'm waiting for. But is the market healthy?...
GL HF
GBPCAD - D - LONG - TDIAfter the very nice short ride that gave us hundreds pips, I'm seeing a breakout for bullish payback. In terms of TDI analysis we have very strong indicator on daily and 4H. Should they see confirmation, only the market knows the answer!
Let's see what we will get!
Entry, TP and SL on daily chart.
GL HF
AUDCAD - D - LONG - TDIWe have clear bullish breakout on 4H that still have room to develop. I'm targeting first the upper band of the PAC on weekly TF and if successfull to go to the next resistance on daily TF. Let's what the market brings to us.
GL HF
EURJPY - D - SHORT - TDIWe have a clean breakout on daily TF with all criteria respected : RSI50, PAC and divergence. 4H confirmation and weekly correction is showing a potential downside to 124ish area. SL, TPs and entry on daily TF.
GL HF
BITCOIN consolidating and preparing for next impulse move up?It seems that BITCOIN has been consolidating and is possibly on the last leg of the consolidating move and in my opinion will continue with the current bullish trend for another round of impulse waves going LONG.
Although the Ketchup and Mustard EMAs show possible crossing which would suggest a potential continued consolidation move downwards, the Water and Blueberry EMAs are still below price action and on course with price action bouncing off the Water EMA for the next upward move. RSI within the lower band of the TDI shows a possible slight move down before and impulse up, or the TDI bands could continue downwards a little more for a wave C before the next round of impulse waves on an upward trend.
Fundamentals also suggest no hint of slowing down, multiple organisations are joining the bitcoin frenzy which gives even more credibility of market sentiment and positive connotations to the bitcoin phenomena.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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EURUSD - 4H - LONG - TDIEuro correction seems to be over and ready for a new wave. I'm sceptical about this Euro bullish madness but I trade what I see and my criteria are blinking to LONG this pair.
My first TP is the retest of previous high but I won't close whole position only half and let the rest run. If madness there is, it could very well go above 1.20 or 1.22.
GL HF
CADJPY - 4H - SHORTI was getting bored a bit by the market so I tried to find a quickie.
As for any short term trade, you have to monitor it every 4H (at least).
Let's see how this pair behaves.
GL HF
USOIL - D - LONG - TDIUSOIL seems to breakout to the north.
TPs on daily at each previous resistance.
GL HF
BTC Wave 5 completed, now going into consolidation?After my CORRECT previous analysis here:
It seems that the big push upwards, through the main trendline and completion of Wave 5 Impulse on the Minor period, seems to have been completed and price action may start a consolidation move sideways. TDI shows overbought position with the RSI just inside the outer band so I'm not expecting a sharkfin which would suggest a hard move downwards.
All EMAs are still upwards in trend and are not showing any cross potential at present, although I would expect the Mustard to cross with the Ketchup EMA during the consolidation/correction period. If the Ketchup and Mustard cross with the Water EMA, we could then expect a deeper correction as a secondary move, however I don't see that happening at the moment. Zone flip area which conveniently is exactly where Wave A is forecast to reverse for the Wave B which would confirm additional support.
In my opinion, the end of Wave A would be a good place to go LONG again on this pair (eg. Purchase Bitcoins) and continue to hold long-term for the next impulse wave move to $4,500 ~ $5,000 range, which I firmly believe it will reach, within the next few months, if not sooner.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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NEM on structured breakout to the downside, before upward move?NEM - This Altcoin seems to have completed a breakout to the downside for a possible path towards the second support area, before a very strong upward move.
However, TDI does show the RSI line has breached the outer lower band and could either form a sharkfin or follow along the lower outside band until a lower sold position.
The Blueberry EMA is running alongside a major trendline and so it is possible that it may either be pinned by the price action OR the Mayo could be pinned and then return upwards. Blueberry EMA is below the price action and all trend lines display, uptrend so this coin is still in a bullish trend.
I will not purchase any of this coin as yet, I'll just wait until more price action completes a more clearer pattern.
NEM seems to be a good coin to purchase long term, but the entry must be optimal in order to maxise profit.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Litecoin on Wave 3 Impulse - Bearish trend?It seems Litecoin is on a bearish Impulse 3 wave and will continue to the low Peak before a pullback.
This Impulse move seems to be on the Minor period time frame and isn't performing as previously expected.
TDI continues to show bearish movement as the RSI approaches the lower outer band in preparation for a Sharkfin out of the water.
The blueberry EMA has been breached by the price action and has already been crossed with the Ketchup EMA. Once the Water EMA crosses the Blueberry, we should see some signs of a retracement, then an additional move down for a wave 5 before a breakout of structure from the bearish channel, which would conclude the bearish trend.
I will wait until price action reaches the support peak area before performing another analysis in order to understand the next move.
Fundamental announcements will also provide more insight to future price action.
I'm still holding this coin, even though the drop is significant, it isn't enough to warrant an exit from my long-term hold/position.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Ethereum progressing nicely LONG looking to hit targetEthereum progressing as forecast back on July 21 2017... see here for more details here:
Ascending Triangle Confirmed, Tough Times Ahead for IHG ?As per my previous CORRECT analysis back in April 26th (), the move upwards up to the upper trendline has been confirmed as well as the move downwards. This move downwards was quite a violent bearish move and strongly suggests that an Impulse move downwards has now started, for a long-term SHORT.
TDI confirms the strong Bearish move downwards and we should now see some consolidation, before another move downards.
If the Water EMA crosses the Blueberry EMA, it will be a good signal to SHORT this stock for a second trade. The first trade was at the top of the structure.
An elliott wave count, taken from Wave Y, would suggest the next count is an Impulse wave 1.
At this point in time, holding IHG stock would not be a good idea, as on the Daily time period the last move on the wave Y was on an Ascending Triangle, thus on the Intermediate Period, the next move is an Impulse wave 1. If this proves correct, within 2 years this stock will be worth less than $20 ~ $10, therefore Closing your position would be recommended, in my opinion.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Possible FLAG Pattern on Monthly w/ additional Harmonic - LONGPossible FLAG Pattern on the Monthly with additional Harmonic
It seems we have a confirmed breakout of structure on the Monthly as well as a FLAG pattern that seems to have been formed.
Additionally, it seems there could be a pullback during the next couple of months, if a Bearish Cypher Harmonic Pattern is to be confirmed.
Two directions are possible in this chart, marked with RED and WHITE arrows, however both are ultimately BULLISH.
TDI Shows upwards move with the RSI line providing above midline, bouncing off the midband on a narrow band channel.
Ketchup EMA is now about to cross the Water EMA which is also an entry signal.
All in all, Gold is set to increase in value, in my opinion, similarly to the increase we are experiencing in the cryptocurrency area, as the US Dollar is being purposely devalued (in order to help the US Manufacturing Industry, amongst other factors)...
See here for more details: www.worldstopexports.com
As the value of the US Dollar reduces, the value of Metals increases.
I have now entered a LONG on this position and will set this trade to long-term for maximum profit.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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AUDNZD - D - LONG - TDISeems like a solid setup on daily. Be careful as we don't have confirmation on 4H and weekly, but anything can happen.
Bounce from RSI50 and mid-line are more than often solid so we should get a confirmation soon. Let see what the market brings us.
Three TPs for this long on each blue dotted line with SL just under last low.
GL HF
GOLD/XAUUSD - D - SHORT - TDINew picture in Gold is showing bearish momentum. I expect it to continue forward to the south as we continue to be in consolidation area on weekly and monthly TF.
Apart from the fact that PAC hasn't been broken yet, it's a simple setup. Sometimes, simpler is better!
GL HF
USDCAD - 4H - LONG - TDII think it's worth to take a long here. My concern is that going long now is too obvious so I would expect a bearish spike to wipe out all long like mine.
I target last consolidation zone, but in case of bullish rally we could keep this trade longer. However be sure to use SL here.
GL HF
CADNZD - D - SHORT - TDII switched my previous long to a short but trying to set up Pending Order instead of Market Price. As 4H RSI is very low I suspect a small pullback around 1.065/1.066 before diving more.
Let's see what the market give us. SL is at previous fib level.
GL HF
