Michael_Harding

01:24

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ CHFJPY Bull trend showing indications of a possible reversal ✔️ Strong bearish candles starting to emerge ⭐️Technical Analysis⭐️ Waiting for a break below the recent bullish upswing. A break below that support level along with a pullback should open a decent short scalp trade down towards the ascending support Regards, Michael...

01:16

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Daily Resistance ✔️ Bullish momentum stalling out ✔️ Brexit negotiations ongoing this week ⭐️Technical Analysis⭐️ Just a simple scalp trade guys. Very basic setup but seems likely. Regards, Michael Harding RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading...

07:23

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Daily Bearish Engulfing still a valid clue ✔️ Better than expect Core Retail Sales ✔️ Upside seems to be limited to 1.19 ✔️ Still no additional stimulus from the Fed ⭐️Technical Analysis⭐️ Currently trading above the 1.18 handle with more dominant bullish strength in play, however the upside seems to be limited to 1.19 at least for now. If...

06:32

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Waiting for correction with Nikkei 225 to add strength to the Yen ✔️ Waiting for oil to top off to add weakness to the Loonie ⭐️Technical Analysis⭐️ This is just a follow up video for the last 2 trades that I posted here on TradingView. No additional trade setups for these 2 pairs as of yet but I'll keep you guys posted if a decent low risk...

02:31

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Approaching critical level of resistance ✔️ Waiting for lower low on 1 hour timeframe to enter a scalp ⭐️Technical Analysis⭐️ Daily time frame shows the pair approaching a significant level of resistance around 1.0850. RSI is suggesting the bullish momentum is still fairly strong as it enters the 70 zone. A lower low on the 1 hour would...

01:16

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Canadian GDP +4.5% / Japan GDP -0.6% ✔️ Correction with Nikkei 225 - break below 200SMA ⭐️Technical Analysis⭐️ Last Friday we had a nice boost with the Loonie after Canada reported better than expected GDP at +4.5%. Just recently on the 1hour we had a little fake-out below the 200SMA as price action quickly rebounded. Now waiting for some...

05:48

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ EURUSD continues to establish higher highs. ✔️ Third impulse wave greater in size than first wave suggesting bullish momentum after the correction ✔️ Downside correction limited to 1.13 just above the 200SMA on the daily timeframe ✔️ If SPX and XAUSUSD start to correct it could add some shortterm strength to the greenback ⭐️Technical...

07:47

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ AUDUSD is that risk-on sentiment currency - should monitor SPX for correlations. ✔️ Gold continues to maintain it's bull run but struggled to break above $2000. A correction is gold could signal strength with the buck. ✔️ Small timeframe rounding top action but could transition into a gartley pattern ⭐️Technical Analysis⭐️ As long as the US...

03:17

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Double Top discredited ✔️ JPY GDP figures at the Sunday open ✔️ Significant Resistance Level at $125 ⭐️Technical Analysis⭐️ EURJPY managed to establish a new higher high on Friday and hold onto those gains. Next upside level of resistance is around the 125 handle. If on the other hand the pair is able to develop lower lows, a retest of the...

05:26

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Trading Above 200SMA on Daily ✔️ BOE Interest Rate Decision on Thursday ✔️ JPY GDP figures at the Sunday open ⭐️Technical Analysis⭐️ Daily chart shows we the pair nicely held above the 200SMA on Friday. RSI is indicating that the pair is overbought however Friday's bullish continuation candle suggests more upside in the near term. If we get...

05:10

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ This week we have jobs data from both Canada and the US. ✔️ GDP figures last Friday came in at 4.5% for Canada. Much better than the previous report around -11% ✔️ Strong support around the 1.33 handle ✔️ USD has performed under pressure for 6 consecutive weeks ⭐️Technical Analysis⭐️ This pair tends to trade roughly within 100 pip move...

02:59

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Bearish bias at this level of resistance ✔️ Canadian GDP on Friday came in better than expected. ✔️ Pound was one of the top performing currencies last week ⭐️Technical Analysis⭐️ Daily doji suggests the bulls are starting to get exhausted. 1 hour however doesn't look too aggressive towards the downside just yet which leaves me to believe...

03:49

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Double Top Daily but price action still making higher highs ✔️ Waiting for the pair to give me further directional clues ⭐️Technical Analysis⭐️ As of writing this article, AUDJPY seems to consolidating rather than correcting. It does appear to have a double top currently but that reversal pattern could very well be discredited if this pair...

04:18

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ The Euro could very well be in for a correction ✔️ Daily candles making lower lows ✔️ Divergence with RSI ⭐️Technical Analysis⭐️ The bullish momentum for euro seems to be stalling out across the board. The daily timeframe shows some divergence which confirms the lack of the bullish momentum. At this point I'm a little hesitate to go long...

02:25

Michael_Harding

⭐️Key Takeaways⭐️ ✔️ Daily timeframe testing level of resistance which matches up with the 200SMA on the 1hr ✔️ USD should continue to remain under pressure with the rise in the COVID19 case numbers ⭐️Technical Analysis⭐️ Looking at the 1 hour timeframe we can see that we're starting to round off as the pair struggles to hold above the 200SMA. If the pair...

10:29

Michael_Harding

This video explains how to effectively trade plan to limit your risk and to maximize your gains. When it comes to Risk Management and Trade Planning, it's important to maintain a clear mind about the possibility of the asset your assessing going in either bullish or bearish direction. Furthermore, this video explains some ideas on how and where to place stop...

Michael_Harding

Key Takeaways Gold made a triple attempt to break the $2000 barrier but was quickly rejected as it made fresh highs just above $1980 Johnson & Johnson, showed positive results for a vaccine. Goldman Sachs put out a $2300 forecast for the precious metal. Technical Analysis Time of writing this report is 3:45am EST. Current price-action behavior is...

Michael_Harding

Key Takeaways Oil falls 3.54% in worst single day decline since June 11 Trade below 200 SMA on Daily Divergence RSI and PA Technical Analysis Yesterday Crude Oil Inventories came in at -10.612M which added some strength to the oil prices. Today we're seeing pretty much a complete reversal of yesterday's gains. Now trading below $40. RSI is confirming...