Trades
buy EURAUDEURAUD been on a downtrend then for the last month its built its support and resistance zone, now looking bullish looking like its about to breakout the zone and go for the uptrend only trying to catch 170 pips max! 70 pips minimum!
NZDCAD SHORT Price has bounced off 0.928 resistance level which has been tested multiple times as support and resistance over the years - along with a clear harmonic price pattern with 1.27, 1.618, 0.5 areas all being of harmonic elements and RSI oversold on weekly.
GBP/NZD Post Brexit Hike?I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota.
"The agreement between the EU and UK on a new partnership sets out the new rules that apply as of 1 January 2021 in the relationship between the EU and the UK. It covers areas such as:
trade in goods and services;
a level playing field;
fisheries;
aviation and road transport;
social security;
UK participation in EU programmes;
internal security." (website)
None of my analysis are fact. I do believe that the UK will eventually get stronger with the Brexit deal being done. Yet, it will take some time. My technical analysis tells me that price may drop a little more into the support zone (1.86-1.82) before it tests 50%-61.80% retracement of the previous high of the 2.0's (1.96-1.94) and price did hit this range last August. Price broke the current resistance zone in April of '20 and shot back down to the current support zone.
Somebody tell me why it wouldn't test the most recent high at some point? Boris Johnson might be related to Magic Johnson the way he may pull this off for the UK!
Virgin Galactic Holdings Going to the Moon?Imagine recreational space flights available to the community....yea you heard that right!
Imagine over 400 flights throughout the year serviced to people that looks like you and me!
.....Exactly why I'm going all in on this company!
I do believe aliens are real and I feel that there is always more to be desired within the human race and I only see a bullish future for this space company especially considering this is a first within the intergalactic community with hopes of giving a recreational experience to interested minds. Space exploration is key and I feel like this company will thrive in space travel for the average consumer. This company will help the society tenfold simply off the ability to conveniently launch trips for leisure as well as research. I see a very bright future for this company!
I bought 2 shares @ $23. Price is at $27.56 now and in my opinion...it will continue to thrive upwards. Seems as if price is currently breaking through a resistance zone between $21-$27 and should turn the current resistance into a new support. Based off of the stochastic RSI, it looks like there has been a dip on the daily time frame. I have price at least retracing 50-61.80% of the previous high which mean that price should at least test or surpass the range of $29-$30. I truly feel like this stock will continue to rise. I do feel that price will break through Feb '20 high of $40...Let's see what happens.
I'm no expert. Simply an amateur trader!
Let me know what you think!
XAUUSD Bullish PerspectiveBrief Notes:
1. USD is failing. I feel that it will gain back some strength in 2021. However, Gold is being valued more globally in my personal opinion.
2. Price point has been flagging down since August '20. Won't flag down forever.
3. COVID uncertainty mixed with technological developments from society in general tells me that this could be a good sign for commodity market.
4. Seems like price has rejected the new support between 1805-1750 and will shoot towards the new resistance.
5. Price should test at least 50% of the most recent trend upwards. However, I personally feel that price will break through the 50% and 61.80% and should test the $20K range at some point this year.
Let me know your thoughts. Not an expert. Just a hobby.
There are two possibilities on GBP/AUD with short-term...Sterling is still displaying a degree of resilience on BoE rate recalibration grounds due to Governor Bailey’s NIRP push-back yesterday, but also on a slightly more positive note from UK PM Johnson who claims to see signs that national lockdown is stemming the pandemic spread. Cable has rejected 1.3700 again, but bounced from sub-1.3650 lows after a temporary breach of a Fib retracement level (23.6% of the move from 1.3450 to 1.3701 at 1.3642) and Eur/Gbp is filling what looks like pre-fix RHS orders just above 0.8900 after failing to extend the downside through the round number. Aussie under 0.7750 pre-NZ building consents and retail sales by card payment, plus Chinese trade data, with little lasting support for Nzd/Usd from ANZ retracting its forecast for the RBNZ to adopt NIRP. There are two possibilities on GBP/AUD with short-term upside favoured.
PUMA Leap? Lamelo Ball Favoritism ...Three huge signings 2020:
1. J-Cole
2. Lamelo Ball
3. Neymar Jr.
Enough said...More notes in markup. I feel like Puma and UA are the new kids in town and have alot of momentum going for them! I love how PUMA is becoming a must-have in Futbol culture.
I see nothing but elevation from this point on. It already surpassed the 0.618% of the Fibonacci. I used the tool to retrace the previously overbought price trend @ $11.73 being the high in December 2020. From a technical standpoint, it seems as if price has bounced off of a new resistance which i believe was made in November '20. I see it broke through the new resistance which was around $9 in my opinion. It also seems as if there are dips being caught on the stochastic between the 51.39- 39.42 levels as marked. I believe a new support is being created and with so much fundamental analysis, I see a nice potential leap forward in regards to this brand in general.
Lamelo is the next big thing and this is why I'm buying in. I see alot of potential in this brand in comparison to an UA. Oh....one last thing....American Football technology and sponsorship...just watch..
Gold Mine!Potential Bat Pattern on Daily? I'm still a rookie but I put a small lot size on this one because I feel like it's going to be on a sweet sweet trip around the world!
Small Lot size.....Big moves....The win goes to the longest holder....
I'm going for the homerun!
What about you?
ENLink MidStream Homerun Long!Details in photo looks like a good buy right now after checking on a few things. My notes aren't 100% fact. Just understand that these are my personal notes and should not be taken as professional advice!
AAPL - Cup and handle on the weekly. #BULLISHProfit target for me is $150! It's possible before February. This is all dependent on whether or not we hold above 132. Even if it fell below that level, I wouldn't short.
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.
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.
