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Weeklyanalysis

Key Level Trade Setup -- Major Resistance Level May Be RespectedFirst, this is nice that it's sitting on a weekly key level. Second, where price stopped also looks to respecting a major level of structure according to the daily. I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too. BEAR TPS: • 139.698 • 139.164 • 138.236 • 137.708 • 136.542 BULL TPS: • 141.621 • 142.320 • 142.768 • 143.718
Short
by NikaJourney
Depends If The Bearish Trend Can Be Broken This WeekThis pair actually has been fun. It's spent multiple weeks in consolidation just to do it up massive uptick that made me so proud. Then it pulled off this beautiful short, that actually looks like a giant pullback at first glance on the higher timeframes (daily, weekly). When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down. This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way. BEAR TPS: • 1.54812 • 1.54058 • 1.52947 BULL TPS: • 1.56837 • 1.58161 • 1.59955 • 1.61280
by NikaJourney
2
Consolidating Getting Ready For A Bull Run?This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 • 1.79466 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
Bearish Harmonic May Resume to Complete A Bigger Formation....I actually took this trade last week when I saw a harmonic setup while cruising the charts. This harmonic may still be respected this week. Scaled up to the daily and saw what looks like a giant inverse head, neck, and shoulders forming. So TPS are based on both the harmonic and when the move may be complete. BEAR TPS: • 1.72928 • 1.71914 • 1.70498 BULL TPS: • 1.73973 • 1.74797 • 1.76834 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
Weekly Analysis Resumes This WeekHey all! Been a bit under the weather recovering from injury. I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week. Here's how I view the charts: I'm looking to see if I can find the price's overall move for the week with each pair. TPs will be posted based on how far I think price will move before it does a pullback or continuation. I don't pick one direction since market and world news can be unpredictable. The sole focus as a trader is to get in front of the move by using the zones I mark for entry and exits. Need more help? Leave a comment or direct message and I'll respond to messages each day. Let's Make Some Money Traders! Much Heart
by NikaJourney
6
BTCUSD Overvalued Measured In Gold + Retracement To Fill GapBTCUSD looks overvalued when measured against Gold XAUUSD. Divergence can be seen on the weekly chart from two different points in the past. There is also a gap that has formed in the BTC futures market that also needs to be filled. So i'm hoping these two factors combined will offer a pullback in BTC to at least fill the gap somewhere between $9,500 - $10,000. Note we need the weekly candle to close bearish to confirm this divergence.
BITSTAMP:BTCUSDShort
by jaepayne
WEEKLY ANALYSIS EURJPY SHORT SETUP!! BREAK OF A CHANNEL!!Good day trader, I hope you have a great day ahead and start off your day with a good trade! Start off with EURJPY, as shown on the chart above, you can see a break of an upward channel. Therefore, bear is most likely to take place and before a strong bearish movement, a correction is expected to take place. We will be looking for sell opportunity at 50% and 61.8% fibonacci retracement zone. A push to -27.2% is most likely to happen if price reject EMA 55. Sell limit: 121.118 SL: 121.500 TP 1: 120.30 TP 2: 119.826 Always go for a clear analysis and make sure to have a proper risk management for yourself. Happy trading traders!
Short
by ChinSengFx
Are We In Process of Forming Inverse Head and Shoulders?This looks to be in the process of forming an inverse head and shoulders pattern. So will trade with the move over time. I actually want it to go bullish, but we need a strong confirm for that to happen. So let's what happens. I also have to update my map. That's why you don't see the zones just yet. BULL TPS: • 1.69934 • 1.71040 • 1.71708 BEAR TPS: These are based on where the arrows are. • 1.71234 • 1.70286 These are below the weekly level • 1.68816 • 1.67831 • 1.67196
by NikaJourney
WEEKLY ANALYSIS! XAUUSD OUTLOOKGood day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! XAUUSD H4 timeframe, on last Friday, price has strongly rejected the trendline and EMA 55 (as expected) and break above 1765. Coming week, we believe that gold would continue its bullish rally to 1800 (ideally) due to fundamental news and technical analysis. Therefore, as long as price remain within the trendline (as shown), we will be looking for long opportunity at 1765 and expose to 1800. Entry Price: 1765 SL: 1750 TP: 1800
FOREXCOM:XAUUSDLong
by ChinSengFx
Can We Continue Up Or Return To The Trendline?Wow! What a nice trendline bounce we had last week! Looking for some more action this week by seeing if we can keep the bullish pace up to the monthly level or make a return to the weekly zone, but this time to break through the trendline and let the bears take over. Now I am seeing a potential double top trade for the short when we reach the first bull tp. But let's see how things play out. BULL TPS: • 1779.64 • 1789.82 • 1805.30 BEAR TPS: • 1760.44 • 1754.14 • 1739.48 • 1725.92
FX:XAUUSD
by NikaJourney
2
WEEKLY ANALYSIS USDCAD DAILY TIMEFRAME (LONG!)Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! USDCAD outlook. Last week, price has finally broke above the monthly resistance and retested EMA 55. After price retested EMA55, often time, price would reject EMA and retest the nearest price structure, for instant, the monthly resistance, which potentially turn into support. Therefore, we will be looking for long opportunity at the monthly resistance area. Entry Price: 1.3660 SL: 1.3616 TP: 1.3856
Long
by ChinSengFx
EURUSD WEEKEND ANALYSIS! DAILY CHARTGood day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well. Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday. Entry price: 1.11788 (Sell limit) SL: 1.12049 TP: 1.10778 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears. If it decides to shoot up sooner than later, that means a pullback is complete. So I am waiting it out until it hits a zone to determine the next trade. Here are your TPs: BULL • 1.24148 • 1.25035 • 1.26229 BEAR • 1.23033 • 1.22306 • 1.21150
by NikaJourney
8
Looking Bullish To Start Off The Week After PullbackBack from a brief hiatus due to illness. So let's continue. Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week. So this is why you're seeing two directions indicating where the short may happen. If the Coronavirus readings get worse here in the U.S. (and it's looking like it will be), we'll be bullish all week. So here are your TPs for now: BULL • 1754.14 • 1779.64 BEAR (from the weekly area) • 1739.48 • 1733.84 • 1722.97 • 1701.69
FX:XAUUSD
by NikaJourney
ETHUSD - ETHEREUM - SHORT - SWING - Analysis - Daily -ETHUSD - ETHEREUM - SHORT - SWING - Analysis - Daily - We have a major Bullish trend on the Daily, H4 & H1 charts, but we have also different bearish divergence signals on technical Indicators that tell us that the market could make a Bearish Reversal. We consider entering short on the trend line/ Resistance zone. . Our first target will be 0.50 Fibonacci Level and second target -0.236 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 248.00 | Stoploss: 258.75 | Takeprofit1: 201.25 | Takeprofit2: 152.50 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
BITSTAMP:ETHUSDShort
by Sami_Derti
2