BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
Technical-analysis
CVAC Curevac found the bottom on 0.382 fib levelAfter a huge runup CVAC found a bottom on 0.382 level but made a lower high bouncing around 0.786 fib level and 0.382 fib level making a double bot on that 0.382 fib level. The momentum right now is very bullish and if the previous lower high just above 0.618 fib level is broken it will very likely continue its uptrend after retesting that lower high and breaking the $82.69 price target into another highs retest into 1.272 fib level ($95.43 price target) after which it will pullback again. If the prior lower high is not broken that was around $66 price target then it will very likely go down further to 0.236 fib level($46 price target) or consolidate even more and creating a triangle formation. If it creates a triangle formation then any news catalyst will very likely break out to the top even up to 1.618($111.64 target).
LTCUSD Eyeing 44.5/40.8 Possible Support!Hello traders,
LTCUSD is dropping in a five-wave movement from start of September, ideally unfolding a bigger wave c or iii. We specifically see price at the beginning of a sub-wave (v) of c/iii, down from 52.448 level, where a former correction as sub-wave (iv) had ended. That said, sub-wave (v) can now target 44.5/40.8 possible turning point area, where equality measurements of waves one and five, and various Fib. Ratios can slow the bears down, and act as support.
A minimum, three-wave recovery can afterwards be seen once wave c or iii fully develops.
Trade well,
The EW-forecast team
XRP 4hr bullish chartXRP looks strong vs BTC in short term which can translate into long term strength as well.
Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis.
RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value should increase! I usually give more analysis but I am busy today.
If you don't know about FXRP (XRP fork) then you should look it up on the interwebs :)
USDJPY H1 - SHORTImmediate downtrend for USDJPY and we can see that prices formed a lower high @107.000 level. We have a push towards the downside, now retesting a neckline structure as seen a on the daily timeframe. We'll be zooming into the LTF for potential entries.
Double top into a daily structure, with a 3 bar reversal pattern.
TSLA Analysis 4 hour chartTSLA
Sentiment: Bullish
Reasons:
1. Falling Wedge Pattern
2. Decrease in Volume During Pattern Formation
3. Hammer Candlestick at the end of Week long Downtrend
Disclaimer: this is not financial advice I am not your financial advisor. This is just my personal analysis of what I see in the charts
GBPCAD Buys - Tp1 and 2 hit, can we keep riding the move....Potential to follow this move still - we are seeing a strong Pound this week.
The strategy 'buy' caught the break out nicely - for those that trade technically (we don't anymore) - but if you do, you will have seen a resistance area, this would have caught some traders out selling at that level, we had momentum to the upside and the Buy triggered on the strategy.
Regards
Darren
EURAUD CONTINUATION/CORRECTIONEURAUD has given a retracement on 4H after a strong market structure break to the up-side.
Aggressively, suitable entry is at CMP. however, do note a potential draw own to the 4H bullish order lock below price.
Conservatively, Enter a Buy on the OB of 1.6340 , SL at 1.6299 or 5Pips below SAID LEVEL.
Can you spare me 17 mins? How we can help you with your trading!We believe and support the idea there are 3 pillars of profitable trading;
1. Strategy
2. Risk Management
3. Psychology
This video is just 17 mins long but explains how we believe we can help you in all of the 3 areas above.
Would love to read your comments, please let me know what you think.
Thank you,
Darren
AAPL CHART - SIMPLISTIC TA (LINE) It helps to know when to buy and when to sell. I've taken the candle chart out and changed it to a line graph. I've followed
the bottoms of the moves since March. As you can see it goes above the line frequently, but it always comes back. I'm not an expert but a move back to the low $380's seems likely. At that point I'd have faith in the chart and run with the next few positive deviations from the pretty well defined angle of assent.
NASDAQ:AAPL
GBPUSD | NOW IS GOING TO FALL DOWN! PLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3
Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA!
Today we are having a look at GBPUSD broke area of sensitivity, and shows bearish pressure.
US Data also strong
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Q2 +198% gain, despite a losing month in June on H1 timeframeJune was a challenging month indeed - lots of ranging markets, but a great 198% still for Q2 - including June!
It's important to understand this can happen and no equity curve in trading is a perfect diagonal one! Losing days/weeks or even months can be part of a profitable strategy over a long period of time. Understanding this is vital to overall success and profitability. Lots of traders flick between strategies from week to week or month to month, not sticking with one plan thus then not having consistency.
Treat your trading like a business and accept a losing month should not define your year or your quarter!
Q2 stats below, also we touch on V4 stats below too - to show how we have now factored in a function to help remove a lot of trades from a ranging market - the difference is quite staggering in both the reduced amount of trades, solid gains for Q2 and that June in isolation remained profitable on V4.
All based on £500 account on 1% risk as a baseline for all stats;
Current settings;
Q2 / £991 profit / 817 trades
June / £-129 / 263 trades
V4 settings with trend filter and specific parameters for each pair on H1 timeframe;
Q2 / £852 profit / 332 trades (less than half the current trade volume!)
June / £48 profit / 95 trades - almost a third of the trade volume, thus demonstrating the trend filter working well.
Due to the lower volume of trades, 1% risk is doable, on V3 it was high if taking all trades - thus V4 can provide even stronger % returns on a LFL basis because of this.
Watch out for our V4 video .....
Regards
Darren