shidiq

shidiq Updated 

TXN's recent earnings exceeded expectations with $4.15 billion in revenue, highlighting strong demand in areas like automotive and personal electronics despite some segment declines. Its focus on analog and embedded processing aligns well with high-growth sectors, setting TXN up to benefit as semiconductor demand recovers. Price action yesterday confirmed a...

shidiq

LLY remains an under-the-radar stock that appears poised for a continuation of its upward trajectory. Following strong earnings and solid net income in the last quarter, analysts have revised their price targets upward, with some projections reaching as high as $1,000. This suggests a potential return of at least 10%. From a technical perspective, LLY has posted...

shidiq Updated 

Seeing an impulse move higher earlier today could indicate a shift in trend as NZDUSD has been on a downtrend since the start of October. As price consolidates, I am keen to find a trade setup on the M15 timeframe with a 20/30pips RR. Let's see how this trade idea pans out!

shidiq

As EURUSD dipped and found support around the 1.07700 level, I anticipate that there's still momentum for prices to push higher. While a potential rally to 1.09000 could be on the horizon, my plan is to target only a 30-pip swing on this move. Recently, price faced rejection at the 1.08370 resistance, but the momentum appears strong enough to challenge and...

shidiq Updated 

The major supply zone has been tested several times and appears to be holding, suggesting that sellers may soon take control. The price recently dipped into a minor demand zone around 193.700 and bounced back. I anticipate selling will resume after this brief retracement. As always, patience is key—we need to wait for a clear trade setup to develop on the M15...

shidiq Updated 

After a couple of failed reversals and dipping into the Demand Zone around 1.60000 (Psychological whole number), we could see another attempt at a reversal. Whether it’ll be a huge or small reversal won’t matter as I would only want to capture a 30 pips run if the opportunity presents itself in the M15 timeframe. If prices however continue to go lower, we can...

shidiq Updated 

Bristol-Myers Squibb Co (BMY) BMY has been on a downtrend since December 2022 but since its recent Dividend payout followed by good earnings, it seems like a reversal of trend is in the making. Following a month-long consolidation period, a bullish candlestick formation at today's close could indicate a favourable entry point. I anticipate a short-term price...

shidiq Updated 

KMI, a stock that’s rather under the radar has been gradually climbing as of last week broken out of a 2 month consolidation and is looking to continue its trend moving higher. Forming a solid confirmation candle last Friday, I will be setting a pending order around its highest trading price of $21.87. Plotting a Fibonacci Extension in its recent impulse move...

shidiq

EURGBP has been in a prolonged downtrend but recently saw an upward move after reaching a significant support level around 83.300. While it's uncertain if this signals a full trend reversal, I anticipate continued buying pressure from this point and aim to do a quick 25pips trade on it. Prices may retrace to a lower key Fibonacci level, but given my bullish bias...

shidiq Updated 

Prices have been attempting to break above the 144.300 level without success so far. Currently, there is some selling pressure, but we anticipate that this will be short-lived, potentially trapping sellers in this position. If prices do manage to break through the 144.300 level, the next target is likely around 145.000. We'll be monitoring the M15 timeframe for...

shidiq Updated 

After a few rejections from the SZ above, we could be seeing a new downtrend forming from hereon. Prices are consolidating at this current moment and we're expecting prices to retrace upwards a little where we would then find a setup on the M15 timeframe. Let's see how this pans out. I personally would have preferred for the downward move labelled #2 to be...

shidiq Updated 

As prices respond to the current Supply Zone, the rejection appears less significant compared to previous instances, with smaller candles and no extended range candles (ERCs) forming. I anticipate that prices may retrace back into the Supply Zone and potentially even attempt a breakout towards the next zone, around the 74.500 level. My strategy is to capture a...

shidiq Updated 

Price got rejected at the Fibs 100% & SZ as anticipated yesterday but I did not position myself as a seller simply because I am on a bullish bias for AUDCHF. I am hoping for it to retrace 50% before I zoom into the M15 timeframe to find an entry opportunity. However, based on my observations, the rejection at the Fibs 100% and SZ seems weak, as it did not create...

shidiq

AAPL is currently breaking out of its consolidation phase, signaling potential upward momentum. However, I’m holding off on entering just yet. I’ll be waiting for a retracement and a confirmation candle to form before committing to a BUY position. If everything aligns as expected, we could be looking at AAPL reaching new all-time highs.

shidiq Updated 

Taking into account the recent Fed's rate cut and other fundamental developments, let's shift our focus to the technicals of EURUSD. After a strong rejection from a major supply zone (SZ), prices dropped significantly, forming two waves with two extended range candles (ERCs). This downward movement could potentially continue and might even reach the next major...

shidiq Updated 

AUDJPY has been on a downtrend since 3rd September. It has since tested a major Demand Zone thrice. Prices seem about to be making an uptrend from this point. I’ve plotted a Fibonacci Extension on the most recent impulse move and expect to ride the move up for a maximum of 60 pips. Another scenario would be prices make an even deeper retracement from here but my...

shidiq Updated 

Since April, MPLX's stock has been moving within a consolidation range. Although the price briefly broke out of this range, it quickly retreated back into it during the earnings period. However, the stock has recently broken out of its consolidation again and appears poised to continue its upward trend. Short-Term Momentum Analysis of MPLX LP (MPLX) 1. Price...

shidiq

If you refer back to our post on USDCAD, it went exactly as we anticipated. That is, to expect a retracement closer to the 50MA and to drop down to the M15 charts to find favourable entry points. On this post, I will delve deeper on my entry processes and will share as much as I possibly can the entire thought process in my head.