NZDUSD - DAILY CHARTIts looking bullish, waiting for the NZDUSD - DAILY CHART - to correct and then give us short opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Trendcontinuation
AUDUSD > Possible More Downside, Look for Sell.Analysis of #AUDUSD
Similar to my idea on GBPUSD, we have a market breaking its structure support level, now it became a resistance structure level, we can look for trend continuation at structure resistance level for a possible more downside
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$AMZN momentum cooling off.$AMZN has been trending up after hitting is lowest of this year since the split and bouncing back up, taking advantage of the market rally. making AMZN a buy for some momentum traders. with the new economic data coming in this week. i expect the market to cool off its rally after its five day bullish streak.
The average move of AMZN per day is about $2.00-3.00 depending on market conditions and news.
here my price target for $AMZN for monday 07/11/22.
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For calls; buy above $116.00 and sell at 117.04 or above
For puts, buy below 114.69 and sell at 13.69 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
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The bearish scenario is still more likelyHello to all members of TradingView and my followers.
Well, Bitcoin failed to breach the $20,500 resistance area and thus started the decline. There was immediate support on the downside near the $20,000 level, which failed to stop Bitcoin.
Bitcoin's next major support is near the 50% retracement fib at $19,568. The price could now fall sharply due to the recent rise from $18,738 to $20,450. The price may drop to the $18,720 level.
Thus, in my opinion, the bearish scenario is still more likely, and yesterday's green candle still does not give any confirmation of the immediate rise of the market.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
AUDCAD Levels to Watch! SHORT Welcome back! Here's an analysis of this pair!
**AUDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
GBPJPY | Perspective for the new weekHeading into the new week, it is obvious that the GBPJPY overstepped its two-day high and has crossed the critical resistance of 164.00 towards the latter part of last week's trading session to set the tone for a bullish expectation. Coupled with the key level @ 161.5, the bullish trendline identified on the daily timeframe shall be my guide to a bullish potential in the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDJPY | New perspectiveIt is obvious that the AUDJPY displayed extremely volatility after the announcement of the interest rate policy by the Bank of Japan (BOJ) as the policy stance remain unchanged. From a technical perspective, I am of the opinion that the Yen might decline in the new week considering the long-term bullish strength of the Aussie as we witnessed multiple rejections by the buyers of the 92.500 area (61.8% retracement of the prior leading price action) during last week trading session.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NVDA: This is what it needs to do to REVERSE the trend!Hello traders and investors! Let’s see how NVDA is doing today!
First, in the 1h chart, we see something like a Double Bottom, or an Inverted Head and Shoulders, depending on your imagination, but that is not important. Both are bullish reversal patterns, and so far, NVDA is doing some interesting technical movements.
First, it seems to me that yesterday’s drop was just for it to fill the previous gap at $ 159, and now we are recovering nicely. However, the $ 170 is the key point here. It seems this price level is working as a resistance for us, as it is at the same time, a pivot point (previous top) and the neckline for the IH&S. Only if we break the $ 170 we’ll see the confirmation of these bullish structures.
Pullbacks are acceptable, but we must not lose the $ 159 again, otherwise it’ll ruin the bullish patterns it is doing.
In the daily chart, NDA is still bearish, despite the good patterns it is doing in the 1h chart, and the 21 ema is working as a resistance. This is interesting, as the $ 170 area is not only a resistance in the 1h chart, but in the daily chart too, making it a dual-resistance level, in different time frames.
In order for NVDA to fly again, it must break this resistance area. In this scenario, it would easily retest the previous resistance around $ 196 (mid-term). While the $ 155 is a key support level which NVDA must not lose, otherwise, it could seek lower levels, like the $ 130s.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my analyses!
Have a good weekend!
Possible SELL opportunity on CADJPYThe CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario.
After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend.
A SELL opportunity might form if:
The Breakout Pivotal Bars turn bearish (candles colored in red) in the blue circle at the top
The RSI Exhaustion becomes Bullish Exhausted (RSI line gets colored in green) in the blue circle at the bottom (around 50)
If instead, the pair starts to consolidate around the current level (moving pretty much sideways), the subsequent scenario might turn to the bullish side.
Either way, remember to do your analysis, be patient and always look for confirmation from the indicators.
DXY - DAILY - Bullish Breakout Using Inside bars Something on the radar for us today was a potential bullish breakout on the US Dollar Index. We have a while to go, but currently the Tuesday daily candle is forming an inside bar (a bar that trades completely within the range of the previous days bar). Inside bars are a sign of consolidation & consolidation/contraction typically lead to expansion (imagine squeezing a spring together with your fingers, eventually that energy has to get released).
Targets have us looking at a previous level of structure from the weekly (look left structure leaves clues) and a 127 Fibonacci extension taken from the most recent swing low to swing high.
Stops noted on the chart are options based off being below the lows of the potential inside bar & the lows of the mother candle.
Hope this idea is helpful & as always if you have any questions or comments please leave them below as I do go through and read each on.
Lastly, i do Livestream here on tradingview each Tues, Wed & Thurs at 7:30 am New York time. Feel free to join the walkthrough & discussion of my Top Trading Idea of the Day.
Akil
EURJPY > A Simple Trend Continuation Setup.Analysis of #EURJPY
Here we have a simple trend continuation setup, but a very beautiful one, and here is why.
>> trend line support
>> structure support zone
>> 138.00 psychological number
if the market comes to my support level I will wait for a double bottom inside my support zone and confirmation we held up 138.00 before entering a buy trade.
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📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
GBPJPY | Perspective for the new weekThe identification of a strong bullish imulse leg during last week trading session; we might be looking forward to a trend continuation at either the end of the retracement phase or at the the retest of where priceaction began last week. However, if we witness a breakdown/retest of this area, then the possibility of a downtrend continuation becomes an opportunity we should be looking forward to. In this video, I have explained how I intend to take advantage of either a bullish or bearish momentum.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | New perspectiveA significant breakout of the bearish trendline on the 1 Hour time frame appears to be a major signal that the bulls are taking charge hence the reason I am looking forward to a bullish momentum going into the New-York session. So, to make preparation for entry easier, I have identified a key level at $1.25300 that will be a guide to taking advantage of the potential bullish move.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
How To Trade Pullbacks Using The Fibonacci Retracement ToolHey Purpose Traders. I pray all is well. In this video, I wanted to give you a deep, but quick insight on how you can trade pullbacks using the Fibonacci Retracement Tool.
I'd love to know your thoughts and if you have any questions. Lets chat in the comment section below.
USDCAD > Decent Sell Entry with RR.Analysis of #USDCAD
The USDCAD is still in a downtrend as you can see from my chart, I am looking for a sell entry near trend line resistance also a very strong structure resistance level near 1.2680 if the rules for entry are met.
keep an eye on this one and set your alert as it could provide decent trend continuation entry with a good reward to risk
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Next weekly close confirms BTC up or down trendsWeekly analysis
Why is the weekly time frame important?
We are seeing the big picture as each candle on the weekly time frame represents all the buying and selling that occurred throughout the entire week.
This is the 4th time since January 21, BTC retraces under the 50% Fibonacci level (white line and yellow circles and ellipse) following a bullish trend. 3 times BTC touches the major support of 28k (red ellipses) and even dived 2 times under the support in the last one. This is a clear signal for the continuation of the bearish trend toward 21K and maybe much lower levels. The next weekly close in exactly 1day and 16h will confirm the trend.
Be careful!
The information and publications here are not investment recommendations. Please, do your own research!
GBPUSD | New perspectiveI have just identified a similar scenario to that which we saw in the EURUSD ( this was shared earlier): With a key level at 1.255000 sharing a confluence with the bearish trendline identified in the 1H timeframe, I am looking forward to selling the British Pound going into the New York session... Stay tuned in as regular updates will be shared on my tradingview account.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPNZD | New PerspectiveDespite the strong bearish impulse leg on the daily time frame, in the last couple of weeks, we have witnessed the price continues to respect the bullish trendline identified on the 4H time frame, it is pertinent that we do not shy away from the possibility of a bullish momentum which might be evolving. In addition to this data, since the beginning of this week, sellers have been finding it difficult to 1.92800 area. So, in the next couple of hours, I shall be looking forward to a signal to join the rally. However, if we see a breakdown of the bullish trendline then a retest of this line could push the price further down.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD Is A Sell: ABC LikelyThis suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone,
bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle.
ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this
case it is down.