NZDUSD Fire Sale?Price is as high as its been since 2018. Every time it reaches this zone, it seems as if price bounces back down to challenge between 50% - 100% of a retracement against the current trend.
Trades
NZDCAD Fire Sale?I believe that price will retest the support zone at some point this year. At least five times since 2018 price has challenged at least 50% - 100% retracement. Price is currently in a resistance zone so I will look at a smaller time frame for entry when market opens.
US Oil quick recap: trades today & now WTI sliding down furtherHello.
My name is Francois Normandeau.
Quick recap for ADX-BRIEFING
Two main trades today:
75 pips and 60 pips.
US Oil currently reversing and sliding back down further.
More details on our website.
Wishing you a great Holiday week.
Best wishes for health and wealth and prosperity and joy and peace the entire year!
F. Normandeau
Institutional Research Director for ADX-BRIEFING
EURNZD Long Term BuyI believe that price will retrace its previous resistance point. At least 3 times within the past year, price has challenged the marke resistance zone as you can see on the chart above! I will have to admit that I am a little late to the party as far my entry on this trade I will out hold most of the current position holders due to patience and determination. I fell that price will challenge the 1.78117 mark in the future. Who will survive the hold?
EURAUD HomerunPrice is in a support zone. Price dipped down to this zone 4 or more time since '19. Furthermore, price bounced up 9 times to the 1.65537 threshold within that same time. Long term hold. Using small lot size.
Analysis GJHello traders I'm back even though its Friday, here GJ selling on the right side of H&S . Going doing in a lower timeframe making LH & LL.
USDJPY Long Term HoldLooking to hold this pair until it hits it's weekly resistance. Since 2017, price has reached the resistance zone about 4 times. I am hoping that at some point between 2021-2022 price will strike 111.945. Let's keep our fingers crossed. Looks like the flag down might be close to it's end.
Update on our pairs for this week, EUR/JPY in the limelight...USD
There is little doubt about the damage inflicted by Sterling on renewed hopes of a Brexit deal, but the Dollar’s latest leg down came amidst widespread weakness vs G10 counterparts and beyond as risk sentiment is boosted due to hopes that vaccinations against the coronavirus will help to stop the spread and economies return to something more akin to normal once lockdowns are lifted or restrictions removed. On that very note, NY received its first assignment of the PFE/BNTX drug and administered doses following US FDA approval for emergency use, though the index has pared some losses between 90.419-907 parameters against the backdrop of tech sector underperformance after reports that the EU is planning to fine heavyweight companies as much as 10% of their annual valuation.
GBP
The Pound is some distance from best levels, but still well ahead of its major rivals as UK and EU negotiators continue discussions in an effort to bridge gaps on the last issues preventing the 2 sides from securing a trade agreement. In short, PM Johnson and European Commission President von der Leyen saw enough further progress and sufficient chance of reaching a pact to extend Sunday’s deadline so that respective teams can go the extra mile to resolve differences on the LPF and post-transition fishing rights. However, London and Brussels are still more than aware of the prospect of no deal and Cable has not been able to retain grip of the 1.3400 handle, while the Eur/Gbp cross could not sustain momentum through 0.9050 and has subsequently rebounded to 0.9100, perhaps in part on confirmation that London will return to top level COVID measures from midnight on Wednesday and Euro demand for the 4 pm fix.
GBPAUD LONG TO KEY LEVEL OF 1.82000I Saw that GBPAUD started to consolidate at the bottom of a sell off. It then did a fake out to the down side then had some impulsive bullish candles to the upside on the 15m time frame. All the way to 1.82000 we go.
USDCHF Home Run?Price hasn't hit this low since '14. I'm taking my chances on this one. On the weekly I think I see a BAT pattern as well. Price is way oversold at this point. I'm going to ride the RSI to the top of the weekly using a small lot size. This is a long term hold for me. I'm getting comfortable. See you next year.
USDCAD Home Run?Price hasn't been this low since October 2018. I see a mild retracement at best around 30-50% of the Resistance Zone. I'm taking my shot.....I entered at the blue price line. I'm shooting for the green horizontal rays. I see a Home Run in the future. Small lot size w/ long term hold. I'm playing it safe while taking the risk!
EURUSD Short - Intraday/Daily Trade This is my analysis of EURUSD to short.
NOTE:
- The Stop Loss is set to above the previous 4 hour candle's high, for this current anticipated trade opportunity at the 1.21250 zone. The profits, would be anticipated to be taken at any of the shown green-highlighted, levels labeled 'KEY LEVELS to secure profits.'
- The main idea of this analysis, is that I anticipate for a trading opportunity to short this pair, to occur at any of the shown red-highlighted levels labeled 'KEY LEVELS to short.' So even if the the stop loss is hit and EURUSD continues up, this analysis is still active, and I would anticipate for the next possible level for a trend reversal to occur at would be 1.21500 or 1.21750.
ANALYSIS Reasoning & Confluences
- I will be positing a video to my trading view ideas for this trading analysis, in which I will explain my reasoning behind my analysis. Please navigate to that for my reasoning behind this analysis.
USDCAD BUYPrice is currently in a support zone. My stochastics are "over sold" on the daily and 1 hour. The 4hour is on its way up. I feel that price will test at least 50% of the most recent high. I measured this on the daily but dropped to the 1 hour to find trend patterns. Good luck. Take Profits are to the right!
Buy XAUUSD GoldPrice is currently in a support zone and has hit the support 3 times. I believe this is a triple bottom pattern. Stochastic is also "over sold" on the daily, 4 hr, and 1 hr time frame! My take profits are the blue lines. Price may test at least 50% of the recent high.
GER 30 Sell IdeaI feel that price will attempt to test 50% of most recent low. The stochastic line is testing the lower half and I know earlier this week price over exaggerated. I used the fibonnaci to retrace certain percentage points to take advantage of the pullback. I will trail my stop loss once I get a decent amount into profit!
TP's:
1. 12844.31
2. 12670.22
3. 12297.15
4. 11345.84
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If you disagree, let's talk it out!
EURCAD [SHORT] Support BreakoutCan see the breakout on the chart, should manage to fire down to existing support over the next few days
Analysis Gold hello traders, making a DT on gold. making a sum way HH and knocking liquidity before going to the downside.
Feeling Long on GBPCHF gonna wait until Thursday and see what happens as reports come out before the news hit to make this judgement. looking for price to retest the support before going up if it doesn't simply continue to go up
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If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
Feeling Long on CadchfPrice broke out of flag. Waiting for a retest and if the previous low isn't broken I'm entering. This is a slow mover but might be worth it.
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
Feeling Long on OILWeekly
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
Daily
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
4 Hour
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
1 Hour
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
15 Min
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
5 Min
- Stochastic around 40’s? N
o Previous low broken? N
o Previous high broken? Y
Indication: Price is around as low as it’s been all month. Overall price has been on a downtrend and on the 5 min it looks like new highs are being created just before market closed for the weekend. I see price testing the resistance at some point within the next couple weeks. I also see a triple bottom reverse bat type of formation. (Correct me if wrong). I don’t see how price would not try to test at least 50% of the recent high.
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
Feeling Long on GBPJPY after retest!Weekly
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
Daily
- Stochastic around 40’s? Y
o Previous low broken? N
o Previous high broken? Y
4 Hour
- Stochastic around 40’s? Y
o Previous low broken? Y
o Previous high broken? N
1 Hour
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
15 Min
- Stochastic around 40’s? N
o Previous low broken? Y
o Previous high broken? N
Indication: Price should test previous support zone. Weekly – 4 hour tells me that price should strike back up to resistance once it’s done testing the support. 1 hour and 15 min tells me that price still needs to fall further before it challenges at least 50% of last high using Fib! I set a buy limit @ 134.391 and will be watching price next week to see if there are newer high’s created before it hits that price point.
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
Feeling Long on BTCUSDI feel that bitcoin is on a new verge of reaching the 2017 range after covid has really decreased the USD. Even paypal is allowing its users to buy bitcoin. There are no new lows being created on the smaller time frames. The 1 hour and 4 hour stochastic is slowly approaching the top while the 5min and 15 min the line is challenging the bottom. I'm guessing that price wont break the previous low and will continue to shoot up towards a new resistance. I'm thinking maybe around the 2k threshold at some point after elections. Price hasn't fallen since the uptrend went viral so I'm going to buy a position and hold for the long run and see what happens towards the end of the year.
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
Feeling Long on XAGUSD (Silver)
Why will I enter?!
Daily: Price is in a support zone. Stochastic is approaching bottom of the stochastic. This tells me that price should test resistance soon. Used Fib to track up to 50% of most recent high which near the resistance zone. Line is at 50.97. Last time price was around this range it shot up.
4 Hour: Stochastic is at the bottom of the line. This would normally tell me that price should test the resistance at some point. Line is at 27.08. Last time price was around this range price shot up.
1 Hour: Stochastic is approaching the top of the line. This tells me that price should test the resistance soon. However, I expect price to fall just a bit before it rises to resistance.
15 min: Stochastic is at the top. Tells me that price should fall at some point. However, I see no new lows are being created. Looking for buy limit or buy stop.
5 min: Stochastic is approaching the top of the line and no new lows are being created.
• Market Execution (Buy Stop activated @23.503)
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
