#NASDAQ INDEX (#US100): Bullish Move After the Trap
I see a confirmed liquidity grab below a key horizontal support
on an hourly time frame onπ NASDAQ Index.
A formation of a cup & handle pattern and a breakout of its neckline
afterward suggest a strong buying interest.
The market will rise more and reach at least 25023 level.
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1H time frame
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I see a confirmed liquidity grab below a key horizontal support
on an hourly time frame on
A formation of a cup & handle pattern and a breakout of its neckline
afterward suggest a strong buying interest.
The market will rise more and reach at least 25023 level.
βββββββββ
1H time frame
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#CHFJPY: Waiting For Breakout π¨π π―π΅
π CHFJPY is stuck on a key daily resistance based on a current ATH.
Its breakout will be a reliable signal to buy.
Wait for a daily candle close above 191.32 as a confirmation.
Expect a bullish continuation at least to 192.0 level then.
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Daily time frame
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Its breakout will be a reliable signal to buy.
Wait for a daily candle close above 191.32 as a confirmation.
Expect a bullish continuation at least to 192.0 level then.
βββββββββ
Daily time frame
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#EURUSD: Updated Support & Resistance Analysis πͺπΊ πΊπΈ
Here is my latest structure analysis forβ οΈ EURUSD.
Resistance 1: 1.173 - 1.178 area
Resistance 2: 1.181 - 1.182 area
Resistance 3: 1.187 - 1.192 area
Support 1: 1.153 - 1.156 area
Support 2: 1.145 - 1.146 area
Support 3: 1.135 - 1.141 area
Consider these structures for pullback/breakout trading.
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Daily time frame
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Here is my latest structure analysis for
Resistance 1: 1.173 - 1.178 area
Resistance 2: 1.181 - 1.182 area
Resistance 3: 1.187 - 1.192 area
Support 1: 1.153 - 1.156 area
Support 2: 1.145 - 1.146 area
Support 3: 1.135 - 1.141 area
Consider these structures for pullback/breakout trading.
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Daily time frame
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MarketBreakdown | GBPUSD, USDJPY, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1οΈβ£ #GBPUSD daily time frameπ¬π§ πΊπΈ
The pair is trading in a short-term downtrend since
the middle of September.
It looks like the market successfully completed a correctional movement
after a formation of a new local Lower Low and ready to drop lower.
With a high probability, we will see a test of 1.325 level soon
with a potential continuation lower to 1.321.
2οΈβ£ #USDJPY daily time frameπ―π΅ πΊπΈ
The price is currently breaking a significant daily resistance.
I think that the price is going to rise more and reach monthly highs.
A consequent bullish breakout of 153.3 level and a daily
candle close above that will push the pair way higher.
3οΈβ£ #GBPCAD daily time frameπ¬π§ π¨π¦
The pair is testing a major bullish OB order block zone.
Trading in a strong uptrend, chances will be high to see a bullish
movement from the underlined area and a trend continuation.
4οΈβ£ #GBPCHF daily time frameπ¬π§ π¨π
The price is currently stuck on a major daily support cluster.
Its breakout will be a historical event and confirm a continuation
of a bearish trend to lower levels.
Here are the updates & outlook for multiple instruments in my watch list.
1οΈβ£ #GBPUSD daily time frame
The pair is trading in a short-term downtrend since
the middle of September.
It looks like the market successfully completed a correctional movement
after a formation of a new local Lower Low and ready to drop lower.
With a high probability, we will see a test of 1.325 level soon
with a potential continuation lower to 1.321.
2οΈβ£ #USDJPY daily time frame
The price is currently breaking a significant daily resistance.
I think that the price is going to rise more and reach monthly highs.
A consequent bullish breakout of 153.3 level and a daily
candle close above that will push the pair way higher.
3οΈβ£ #GBPCAD daily time frame
The pair is testing a major bullish OB order block zone.
Trading in a strong uptrend, chances will be high to see a bullish
movement from the underlined area and a trend continuation.
4οΈβ£ #GBPCHF daily time frame
The price is currently stuck on a major daily support cluster.
Its breakout will be a historical event and confirm a continuation
of a bearish trend to lower levels.
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#Gold traders this week!π»
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#GBPNZD: Pullback From Trend Line π¬π§ π³πΏ
π GBPNZD may bounce from a strong rising trend line on a daily.
The price formed an inverted head and shoulders after its test
and violated its neckline this morning.
I expect a pullback to 2.3215
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Daily/1H time frames
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The price formed an inverted head and shoulders after its test
and violated its neckline this morning.
I expect a pullback to 2.3215
βββββββββ
Daily/1H time frames
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#NZDJPY: Important Breakout π³πΏ π―π΅
π NZDJPY broke and closed above a significant horizontal
resistance cluster on a daily.
There is a high chance that the market will go higher soon.
Expect a bullish continuation to 88.3 level.
βββββββββ
Daily time frame
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resistance cluster on a daily.
There is a high chance that the market will go higher soon.
Expect a bullish continuation to 88.3 level.
βββββββββ
Daily time frame
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#EURCAD: Another Trend Line Based Opportunity πͺπΊ π¨π¦
π EURCAD may continue rising after a test of a solid
rising trend line on a daily.
A formation of a double bottom pattern accompanied by
a bullish Change of Character on an hourly time frame
indicates a strong buying interest.
Goal - 1.6305
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Daily/4H time frames
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rising trend line on a daily.
A formation of a double bottom pattern accompanied by
a bullish Change of Character on an hourly time frame
indicates a strong buying interest.
Goal - 1.6305
βββββββββ
Daily/4H time frames
βββββββββ
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#EURCAD: Another Trend Line Based Opportunity πͺπΊ π¨π¦ π EURCAD may continue rising after a test of a solid rising trend line on a daily. A formation of a double bottom pattern accompanied by a bullish Change of Character on an hourly time frame indicates a strongβ¦
#EURCAD reached our goal!π
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Very strange week, traders.
The markets were very stubborn, and it was very complicated to catch good entries.
A crazy 6%+ correction that we saw both on #Gold and #Silver lead to massive losses of many traders, who bought blindly every dip, not considering potential losses.π§
That is a great lesson that shows that even obvious trends and rallies may trap you at any moment.
Have a great, weekend everyone and learn on your mistakes!π
The markets were very stubborn, and it was very complicated to catch good entries.
A crazy 6%+ correction that we saw both on #Gold and #Silver lead to massive losses of many traders, who bought blindly every dip, not considering potential losses.
That is a great lesson that shows that even obvious trends and rallies may trap you at any moment.
Have a great, weekend everyone and learn on your mistakes!
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Discover how to identify a valid breakout, find a safe entry and stop loss for your swing trade.β¦
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Discover how to identify a valid breakout, find a safe entry and stop loss for your swing trade.β¦
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