EURUSD SHORT TERM SELLS Head and shoulder pattern forming potentially confirming shorts for the coming week imo
W-patterns
GBPNZD Looking for short term upside Hi traders:
I am looking at GBPNZD for some potential short term upside.
We see price on the higher time frame had a strong move to the downside, getting close to the bottom of the channel strucutre.
Price did correctively move down in a fallen wedge structure, adding confluence to the short buy.
Last bit of price action had an Inverse Head and Shoulder pattern, then price broke out of this smaller correction.
Looking to target the recent tops, beginning of the wedge structure. Once price hits that area then I will reevaluate.
Thank you
OIL Short term sell plan Hi everyone
West Texas Oil is looking good for a short term sell setup.
When we zoom out to look at the overall price and structure, we see a massive bull move to the upside after recovering from the oil dropped since mid February.
What I expect price to do is to form a larger correction before another bull run continues.
Currently we see the price forming this large structure, hitting a recent double tops.
Whats important is price correctively move up to the top of this structure, indicating a short term bearish move can happen before the continuation of the long term buy.
I will wait for a clear dropped from lower time frame and a continuation correction to add into the sell.
if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
ROKU's Next Level Target: $175 by End of AugustLots of indicators are going crazy with this one, and I seen the past wedges. Many people are also extra bullish given Netflix sentiment. I think realistically, Roku is expected to be on the positive trend level and that $175 by the end of August is a really sustainable and conservative goal. It may be quite high in the green today, but I think the party is just getting started for Roku. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.
COCA COLA I am looking for buysHi traders:
KO is looking very good for mid/long term buy.
We see the price had a massive dropped from Covid, and strong bullish impulse up, forming a larger correction.
When we dropped down to lower time frame, we see a potential rejection off the bottom of the structure,
and forming a continuation correction.
I will wait for confirmation of a completion of the structure, and look for buy setups.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
GBPCHF another chance to buy from the bottomHi everyone:
GBPCHF played out nicely from previous structure and had a strong bullish run.
Now I am seeing this continuation correction forming, and looking to add in to more buy.
I like to see a strong breakout from this structure, indicating more bull momentum to the upside.
Wait for this correction to finish before the buy.
Thank you
Current topping patterns on the S&P 500 (Not much upside left?)The 2 hour chart above shows two key shorter-term patterns on the S&P 500 I've been watching. They are also visible on most other time frames up to the daily chart. The first pattern is the Island Reversal that has held as the top of this (bear?) rally so far. Despite all the good news surprises, Fed stimulus, and hopes for a "V" shaped recovery, we are still below February highs on the S&P 500, and unable to rally over the Island Reversal from early June. The second pattern is the Megaphone/Broadening Top we've been creating the last few weeks (blue lines). Recent rallies have been getting bigger, but are capped by this pattern and unless the pattern breaks out to the upside there isn't much upside to expect, even on hopeful days like we're seeing today so far. Don't be surprised if we again revisit the bottom of that pattern. And if price level eventually breaks down out the bottom of the pattern it might suggest an upcoming bottom break of the multi-year Megaphone pattern I've been tracking.
USDMXN Look for sell setups hereHi traders:
USDMXN is on my weekly watch list.
Higher time frame we see price had a strong bear sell from the previous structure, and now has been in a corrective structure since early June.
We see price slowly correcting itself up, forming a wedge pattern. Last bit of price action we see price break below this structure, and a Head and Shoulder pattern in the making.
Now I just need to wait for one more confirmation from the market, if price begin to form a continuation correction on the lower time frame,
then we can expect bear momentum to continue, at least to the recent lows.
Thank you
EURGBP pay attention to this breakout structureHi everyone:
EURGBP worked out beautifully as price made another up to the upside, and strong bearish impulse down.
This validates my analysis of structure and pattern movement.
Now we see the price is in a correction structure, just above this larger higher time frame channel structure.
This would be a high probability setup if we see a completion of the structure and we can go down to the recent lows.
I would wait for correction to finished and go down to lower time frame for potential entries.
Thank you
GOLD Sell Opportunities to the lows of structureHi traders:
I am also closely monitoring XAUUSD for sell setups down to the recent lows.
We see the overall price is in this channel structure, forming a large correction.
The latest price action is correcting itself up toward the double tops, good signs of a bear momentum could come in.
I will be looking for sell entries either from the top of the structure, or a breakout and continuation correction to at least the recent lows
Thank you
USDJPY Buy FlashcardUSDJPY Buy - Entry off double bottom second green candle @ RSI (green) Signal line (red) cross (TDI).
Pair in bullish trend.
Hold trade either up to yesterday's high TP 1, or TP 2 @ 50 pips keeping stop loss below the 13 ema or at break even.
GBPCHF Look for bullish continuation structures for the buyHi everyone:
GBPCHF is on my watch for the midterm to long term buy.
Price on the higher time frame has a fallen wedge structure, correcting itself down to the recent lows.
Last bit of price action has an inverse Head and Shoulder pattern, adding extra positive confluence to a bullish reversal move.
I like to wait a confirmation breakout from the lower time frame, indicating a confirm bullish move, and look for continuation correction for the buy setups.
Thank you
USDCHF Look for more buy opportunities Hi traders:
I still see more bullish opportunities available on USDCHF.
We see the price currently developing a bigger continuation correction on the 1 hr chart, and I will patiently monitor what the price will do this point forward.
I would like to see a strong breakout of that correction, indicating more upside momentum has come in.
I would be very happy to scale into more buy, and put my first position to break even or move SL to profits.
Wait for correction to finished before adding into more positions.
Thank you
DIS I am selling from hereHi traders:
For mid term outlook on DIS, I am expecting more sell momentum to come in the market.
We had a strong bearish move down, and slowly correcting itself up towards the top of the structure.
The last bit of price action showed a Head and Shoulder formation, a added confluence to the sell.
Now we see price broke out of the channel structure, so naturally I will look for continuation correction on the lower time frame for entries.
Thank you
TESLA Short sell to the lows of this structureHi everyone:
$TSLA is currently sitting at a higher time frame double tops, all time high points.
WE see price correctively moved up to the double top, a good indication price may have another move to the downside.
I am only interested if I see a breakout of this structure, and on the lower time frame if a continuation correction developped.
I will then look for short opportunities down to the lows of the structure.
Thank you
EURAUD ready to move?Medium to Long Term:
EURAUD is currently trapped between two local demand and supply zones, making it a rather unattractive pair right now. However, EURAUD may simply be accumulating volume before a big move.
The local demand zone may hold, sending price above the local supply zone and above the resistive trendline. A break and retest would be ideal for opening a long position.
If the demand zone fails, another long opportunity may present itself at the strong support zone of 1.60700.
Short Term:
Bulls can look to enter a long position now, at the local demand zone, with a stop loss a few pips below the local demand zone. The first target would be the local supply zone and resistive trendline. Further targets can be placed based on a bullish break of the resistive trendline and local supply zone.
Be sure to follow me for more ideas analyses. Feel free to share your thoughts in the comments below.
Best of luck traders!
*THIS IS NOT INVESTMENT ADVICE AND IS NOT IN ANY WAY INTENDED TO BE SUCH. IT IS MERELY MY VIEWS ON THE MARKET AND IS FOR EDUCATIONAL PURPOSES ONLY. ANY POSITIONS OPENED ARE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK*
BLACKBERRY LTD - WEEKLY - Potential Short OpportunityThe price has been trapped within this descending channel since Jan '18 and two weeks ago was rejected once again by the 50-day Moving Average (red line). This has triggered a potential sell signal towards 3.00 zone, stops around 6.00.
Always keep in mind it is a game of probabilities.
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EURJPY - SHORTWatch for bearish price action and then short.
Confirmation would be break of ascending trendline
Continuation to the Downside?Rising wedge on the 1D chart
2 Bearish engulfing on the 15min chart
Watch for any news on escalating Covid-19 outbreaks which could further confirm a continuation to the downside.
Possible Bullish continuation @ 1D time frameSaw this oppurtinity and decided to jump in last night. Crossed the resistance line and looks like it will continue the bullish trend.
Entered @ 1.12728
Scaling 25% @ around 1.15363
GPB/JPY - Short into 132.64Here we have a clear Head & Shoulders pattern at a Key Area. Price has broke out of the neckline and has now formed a Bear Flag. We have rejected further upside with another Head & Shoulders pattern visible on the LTF's. I now have enough confluences to take this short into 132.64 which is a key area where price previously broke out of in the form of a Large Bull Flag. 1:1.88 RR.
