EURUSD Possible Inverted Cup and HandleA very likely scenario if we take into consideration that price broke the parallel channel to the downside for the second time now, but this time the probability of the downtrend continuing is very likely.
Weeklymarketsanalysis
Price Action- Key to Trading GOLDLots of back-testing to do. But we may get a decent drop in price between prices 2000 and 2100 as with the past price action, price fell soon after the particular pattern was formed. I'm not one to start picking tops and bottoms but just a thought. Great hunting this week everyone, looking forward to another round next week :)
Weekly Analysis on TCSThis is my weekly perspective on TCS.
If the resistance is broken then expecting a good movement.
Only for educational purpose.
Also let me know your view on this post.
Gold(XAU/USD), S&P500, US OIL,Bitcoin Weekly Outllook 27th -31st#XAUUSD #US500 #forex
Gold
S&P500
USOIL
EUR/USD
GBP/USD
BITCOIN
Weekly Outllook 27th -31st July
GBP/JPY Potential BUY 1) Double bottom at 4hrs
2) Price retesting at the neckline
3) Price broken structure a 1hrs with HH and then HL
4) 4hr EMA crossover
5) Divergence
ENGBTC is waiting for a weekly breakout 🦐ENGBTC is waiting for a weekly breakout (red rect).
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Weekly Analysis Major Currency Index@DXY- POSITIVE-NEUTRAL
@EXY- NEUTRAL-NEGATIVE
@SXY- NEGATIVE
@JXY-POSITIVE
@AXY-NEUTRAL-NEGATIVE
OBVIOUS PAIRINGS ARE:
LONG PAIRS: USDCHF, USDCAD
SHORT PAIRS: EURUSD, EURJPY,AUDUSD,AUDJPY
xau/usdhere are my previsions for xau/usd we wish that the market will be stable . Since now the dollar has declined so as we know the gold is linked to dollar , and in this period the united states is preparing for a new wave of corona virus , due to those reasons the dollar has declined ...so stay tuned for today i am observing the market for news and we wish that the market won't pull back to the up side .
WEEKLY ANALYSIS USDCHF SHORT SETUP! (CLEAR TREND)Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading!
Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement.
We strongly believe that symmetrical triangle is one of the most frequently appearance in USDCHF pairing. Head and shoulder has formed, too, which further pushing down the price.
The upcoming week, we will be looking for SHORT opportunity. A close below 0.94541 will expose the price to way below.
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.
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
Is This a Giant Pullback?From the daily timeframe, it looks like a giant pullback for the bull. But I need to wait for it to hit my zone to get a confirm if that's what I'm looking at. Until then, move with the trend.
BULL TPS:
• 1.24148
• 1.25035
• 1.26343
BEAR TPS:
• 1.23018
• 1.22306
• 1.21150
Potential Key Level SetupThis is looking like a potential key level trade setup for the bull. Waiting to see if we can get that magic 2nd touch before take-off, or will we keep on tanking for a continued short.
BULL TPS:
• 133.397
• 134.960
• 136.093
BEAR TPS:
• 131.803
• 130.777
• 129.549
Bitcoin Weekly Bearish Signals. Likely to go lower
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )
Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: www.investopedia.com
Weekly Analysis AXY,JXY,EXY,BXY,CXYThis is the weekly analysis for the week commencing 28.06.2020
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NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
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.
Bearish week ahead for CADCHF?Over the past weeks we've see CADCHF bearish and this past we it was the same just with low volatility and liquidity. The pair made a ascending pennant pattern before the sellers pushed for a breakout to continue the bearish moment. We might see the same sellers looking to push the price further down this week.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Weekly Analysis CXY, SXY & BXYNOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Weekly Analysis AXY, ZXYThis two are similar in their movement. Aussie maybe slightly stronger.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Weekly Analysis JXYTrend: Down
Phase: corrective
Trade: SELL
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Weekly Analysis EXYTREND: UPTREND
PHASE: PRIMARY TREND
TRADE: BUY AFTER CORRECTION
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
Inverse Head & Shoulders Weekly A move to the downside almost seems imminent. Forming a clear Inverse Head & Shoulders. Get ready to Buy some Blood!
US30 - Dow Jones - YM1! - H4 - Weekly Analysis -Head & ShouldersUS30 - Dow Jones - YM1! - H4 - Weekly Analysis -Head & Shoulders
We have a Major bullish Trend on the Daily chart, but we just had a bearish reversal pattern and also have a Head & Shoulers pattern on the H4 chart.
We are waiting for a little correction on a key level to enter SHORT.
Our targets will be @ 24000 & 23000.
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Entry: 25500.00 | Stoploss: 25800.00 | Takeprofit1: 24000.00 | Takeprofit2: 23000.00 |
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If you like this idea please click the like button to support this channel, thanks.
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Bearish engulfing SPY /weeklyThe $SPX is testing its 200sma on a daily chart, on a weekly chart, we are seeing a bearish engulfing candle (2 hours to go for close).
Next short-term support is $2950.
$VIX back above 40
