Usdjpy still seems upside but having zig zag moveHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Price actions still whips in a wedge, but general direction still up unless the structure fails. Let's watch this coming week for clearer picture!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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USD (US Dollar)
Usd potential turning downHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for a potential toppish reversal on USD.But if it still holds and dont play out. next test level will be $104.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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GBPUSD BUY TO $1.3200 (UPDATE)GBPUSD is still holding bullish as expected. We saw a deeper Wave V move happen, breaking below the previous Wave 4 low which I did say could happen. In turn sellers also broke structure to the downside, meaning in the future GBPUSD should move lower, but after a retracement first.
Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!
GOLD BULLISH TO $2,706 (1H UPDATE)Now that Gold has dropped towards our 2nd POI towards $2,600 - $2,590 we're in a good buying opportunity to catch a 5 Sub-Wave (I,II,III,IV,V) towards the final Wave 5 & major Wave V of the bull trend.
I am not in any buy's yet. Waiting to see if price could drop a little lower first before I look to position into any buy's.
GOLD BULLISH TO $2,706 (1H UPDATE)Gold is pushing up very nicely from our Wave IV bottom! Currently up 460 PIPS from its low, heading towards our Wave V target.
I'm not in any buy's yet as I was waiting for just a tiny move lower. But I will be entering buys early next week & riding Gold towards Wave V🚀
GOLD BULLISH TO $2,706 (1H UPDATE)So far a nice push up on Gold of 640 PIPS profit since last week, from our Wave V low! Currently, I am expecting a retracement back down towards $2,630 zone, where we can monitor price action for either a push back to the upside. Or if price carries on melting, we might see a deeper retracement back towards $2,580. 2 zones to monitor:
⭕️$2,630
⭕️$2,580
USDCHF to continue in the upward move?USDCHF - Intraday
Our short term bias remains positive.
The sequence for trading is higher highs and lows.
Previous resistance at 0.8635 now becomes support.
We look to buy dips.
Risk/Reward would be poor to call a buy from current levels.
20 1hour EMA is at 0.8641.
We look to Buy at 0.8642 (stop at 0.8614)
Our profit targets will be 0.8712 and 0.8727
Resistance: 0.8669 / 0.8680 / 0.8700
Support: 0.8635 / 0.8615 / 0.8600
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DXY Mid-Long Term Bearish Still??!I'm certainly still bearish on the Dollar going into the US elections. How it will play out, I do not know but my bias is well defined until price prints otherwise.
The arrowed path is just a delineation of how I would like to see it play out, no promises there!
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GLGT!!!
LloydFx,
Trade Monastery
Potential bullish rise for Silver?The price has reacted off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 31.51
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 30.97
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 32.26
Why we like it:
There is a pullback resistance level.
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Pullback resistance ahead for the Cable?The price is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3033
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3080
Why we like it:
There is an overlap resistance level that lines up with th23.6% Fibonacci retracement.
Take profit: 1.2940
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish momentum to extend?USD/CHF has reacted off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.8634
Why we like it:
There is a pullback support level.
Stop loss: 0.8606
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Take profit: 0.8713
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?USD/CAD has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3787
Why we like it:
There is an overlap support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.3774
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.3825
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards pullback support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level which acts as a pullback resistance.
Pivot: 66,121.96
1st Support: 64,682.99
1st Resistance: 68,372.50
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USDJPY: 1H Rising Wedge approaching its top.USDJPY is almost overbought on its 1H technical outlook (RSI = 69.322, MACD = 0.160, ADX = 19.927) as the price is approaching the top (HH) of the 10 day Rising Wedge. A 74.00 RSI has been the most optimal sell signal during the three past highs to start shorting. Wait for the opportunity and target the 0.5 Fib at least (TP = 149.645) as it has been the minimum target during the last two bearish waves.
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Dollar Index Bullish to $109! (UPDATE)The Dollar is moving ridiculously bullish for the past 3 weeks. Exactly how I said it would move to my Gold Fund investors, in our Q4 Market Breakdown report.
The U.S. elections is less than 4 weeks away & I'm expecting Dollar bulls to hold up during the elections, with all the volatility we will see in the markets.
USDDKK Confirmed bullish break-out.The USDDKK pair broke yesterday above its 1D MA200 for the first time since August 02 and gave a strong bullish break-out signal. The 1D RSI got overbought (above 70.00), so a pull-back of a few days is possible, but on the medium-term we expect a continuation of the uptrend, similar to the two previous times the price broke above the Lower Highs trend-line.
Our Target is Resistance 1 at 6.99000.
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