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Bear in mind that August and September typically yield negative returns for the broader market. However, Nvidia managing to close above its previous bearish candle is a good indication that it has fuel left in the tank for another potential run to the upside.

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On the monthly chart should NVDA continue it's course of action, the upside Fib extension levels of 1.618 and 2 to watch out for is between 620 - 738.

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Potential signals to watch out for. Upside: Most candlesticks that broke above the cloud have higher highs and higher lows Tenkan-sen and Kijun-sen crosses upwards Chikou-span i.e. the lagging line is about to cross above the cloud No weekly bearish bars above the cloud Downside: Last week's candle is a potential reversal signal, it's also an inside...

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Candles for the past 3 days seem to have suggested a solid support is in place, notice how the 02nd Aug candle was rejected by the gap fill, coupled with subsequent two higher high candles. Pay attention to the upper and lowers gaps which might attract price to re-test and break those areas before moving further in its direction. The bears don't look they have...

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Price action on weekly chart suggests AAPL has broken out a consolidation, price will do a runner though would be healthy to see a retracement and test the trend line.

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Price movement is primarily trapped inside the triangle formation, however if we examine under the bonnet, the most recent lows are high lows, that being said, the corresponding highs are a mixed bag. The bias for the direction of possible break out is, therefore, slightly tilted towards the upside.

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A short walkthrough it's recent price journey shows it had a huge pump to the upside then followed by two double top formation and now price has broken the base of the double top, the bull camp from previous pump is now trapped, any liquidation will only exacerbate and head lower for this pair, a minor bounce to the support-turned-resistance will likely be met...

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Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction. It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish...

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Notice the Kijun-sen has pointed upwards while the Chikou-span has closed above its price 26 periods ago, if you drill down to the daily chart the price is above the cloud but the Kijun-sen points downwards, it's better to keep it in your watchlist to see how it unfolds in the coming days

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#USDJPY bulls back in charge, upside potential 112 zone.

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Short positions are being squeezed, do not be surprised if it goes up to 1.20~1.22 to test cloud resistance.

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Price action is pointing towards cloud support.

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#USDCAD path of least resistance is to the long side unless cloud support breaks.

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1h cloud break with Chikou span confirmation, expect to see more upside move for at least 2-5 days.

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Long setup on daily chart as follows: Strategy 1: wait for a 3 line break bar + bullish cloud Strategy 2: two consecutive Heikin Ashi bullish bars Stop levels: 1. One to three bars closed below of daily cloud 2. two consecutive Heikin Ashi bearish bars

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#GBPUSD 4h bullish cloud break, potential further upside move.

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Daily cloud support stays intact, bulls keep coming in and defending it, look for new high.

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keep an eye on support zone for potential long setups