U.S. WTI OIL bullish setupIn 3 Daily timeframe, Oil it's look bullish and I add another long position to make a swing trading in this commodity.
The trade info it's in this display as I show you. I see that Oil could to reach $145 USD/barrel in my perspective and we could to find up good benefit in this trade.
Meanwhile, in weekly timeframe, we see that Oil it's look bullish in this side and it's leading in my own opinion toward $145 USD. I share this fibonacci analyze and I see that the price hold in the 0.382% Fibonacci support and we have 3 targets to note in this Fibonacci extension. But I consider that $145 USD it's a good point what Oil could to hit.
I hope that this analysis support you!!!
I'm in long swing trade in Oil
But more later, i will update my day trade to show my perspective, but I suggested that if you trade by Day Trading, change your target to $126 USD. because we see a bull run in this commodity.
Bullishsetup
EUR/CAD: bullish perspectiveEuro/Canadian Dollar it's look bullish in this side. But this it's a good position to take note right now.
So, I will open up a buy order limit exactly in the price of $1.3592 CAD and SL to $1.3544 CAD (48 pips) and my own target to $1.3710 CAD (118 pips)
The H4 it's bullish
Now, the H1 timeframe, I hope that the price make a activate the key buy order limit below of the market price becuase there're some order to being activate in this trade. Also, I have another point to monitoring the price of $1.3689 CAD to watch this possible key manipulation in that price.
I hope that this idea support you
CAD/CHF: UpdateCanadian Dollar/Swiss Franc continue to the upside as I saw and predicted it. Now, I put my break even in my entry price around $0.7502 CHF. Also, we're in profit with over 45 pips and my target it's around $0.7615 CHF
Also as we're in the upside, we would need to stay alert because we could to forming a harmonic pattern. In H4 timeframe
Elliott Wave Intraday Analysis: GME Is Looking HigherHello traders and investors!
Today we will talk about short-term intraday GME structure in which we see pretty nice and clean bullish setup formation, at least for a three-wave (A)-(B)-(C) rally away from the lows.
As you can see GME made sharp and impulsive rally in March that belongs to first leg (A). In Elliott wave theory, after every five waves, we can expect a three-wave pullback before a trend continuation. So, currently we are tracking an A-B-C corrective setback within wave (B) that can be slowly approaching the end, as we see it moving in final stages of wave C of (B). Ideal support in Elliott wave theory is at the former wave 4 and golden 61,8% Fibonacci retracement which comes around 125 level, so final subwave "v" of C can be still missing.
What we want to say is that we should be ready for more gains within wave (C), but ideally once current wave (B) correction fully unfolds. Of course, there's a chance for bigger or more complex wave (B) correction, but the count remains valid as long as it's above 77 invalidation level.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GBP/CAD: Shoulde Head Shoulder InvertedGreat Britain Pound/Canadian Dollar formed a Shoulder Head Shoulder Inverted in H4 timeframe and right now, break out the neckline and this par it's making a possible pull back of confirmation and we need to hope a good bounce toward $1.6636 GBP as I show you in that exaclty target measure the base of this Head.
But I suggest to wait a little more in H4 as there're not entry to long, but this trade has perspective that we can to long GBP/CAD
And also, in Daily timeframe it's appear that we're make a bullish reversal from that zone that I watch you
I will keep this par to update more!!!
Pure technical analysis quick and simple 📈Looks like we can open the bullish case.
Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)
Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this setup invalidated.
Dow Jones Index | End Of The Bearish Scenario? You are looking at the 4H chart of Dow Jones Index ( US30 ). As you see, the price experienced a bearish daily channel for almost a month.
But finally, the breakout had done and the retest action happened with the last 4H candle of the last week.
Supposedly, we will see a possible bullish scenario in the next week. The price may rise till the next resistance levels around ( 35000 ) and the other higher one around ( 35400 ).
The Entry Point will be perfect at this level after the price confirm the bullish in the next 4H candle.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it!
USD/CAD: Bought by fundamental newsU.S. Dollar/Canadian Dollar show us a good buy right now to take in note. You can to buy now at the market price and your SL will be $1.2601 CAD (35 pips) and target to $1.2737 CAD (101 pips).
But in H4 timeframe we see that U.S. Dollar it's bullish in front of Canadian Dollar and USD could to lead to $1.2737 USD in my specific target to watch. So guys, the trend it's lead by H4 timeframe firstly and we see it like good opportunity. But in based the fundamental news, U.S. Dollar still up about the U.S. Treasury Yields and get benefit from Federal Reserve in the interest rate in 25 points basic in the previously month MARCH and has set to continue hiking in their progress in Forex market. That it's whole information that I have in my hand for you.
Good luck!!!
EUR/CAD: Bullish Hide DivergenceEuro/Canadian Dollar show now a good opportunity to put in long position in this par as we see clearly in the price action that this will could to see any liquidation of shorts, but you can to entry in the favor of this manipulation zone. Also, for reference, this diagonal downline it's showing like a retest and this could be another confluence that there're an important support that we can't to miss. The support it's around $1.3697 CAD, or for reference in this grey zone that I draw here. And also, we forming this bearish channel and the price it's inside it.
And also, by Daily timeframe we forming another divergence forming a lower high in the RSI and price action forming a lower low. But that it's remain a possible signal that Euro will going to strengthen in front of Canadian Dollar.
So guys, I remain that we forming a bullish divergence in H4 timeframe and we see a good opportunity to long EURCAD
I put a long around $1.3669 CAD and SL to $1.3607 CAD and target to $1.3838 CAD. Also, for reference, you can to go in H2 timeframe as we see a good perspective to buy
ADA/USD: Fibonacci entry 0.382%In the morning in my Ethereum trade, I send a message in the commentbox that I want to add a long position in Cardano.
So, I want to show you what happen in this technical analysis.
As I share my weekly and monthly analsyis, it's considered a bullish momentum. Right now, in H4 Cardano make support above of the 0.382% of Fibonacci level without using resistance or support.
Also, I want to share my Daily analysis here as I have some information in that. As we forming a bullish rising wedge. This it's a bullish pattern, but now, I want to still pending in the EMA 200 to know what will be the reaction. If Cardano break up the EMA 200 around of $1.26 USD. This it's a clear signal that bull return to the trend. In otherwise, if doesn't break up the EMA 200. This could to work like resistance.
So guys, from H4 timeframe it's bullish. I'm bullish in Cardano. Now, As I entry in the early around $1.126 USD. And I put my SL to $1.05 USD and also, I PUT my target to $1.26 USD So guys, this trade has a risk/benefit 1:2.
Good luck!!!!
ETH/USD: Bullish trend continuationI identify that Ethereum break up the santa EMAS and their price it's above of it. So, Ethereum it's bullish from H4 timeframe. You can to put a buy order limit to $3,072 USD and your SL to $2,950 USD. And you target you can put your target to $3,350 USD. If you make that, you can to get a risk/benefit 1:2. And that it's a good proportion to trade Ethereum very well.
Meanwhile, in Daily timeframe we formed a symmetric triangle of accumulation pattern. So, Ethereum it's look bullish from hourly timeframe.
So guys, I will trade cryptocurrencies from H4, H8, Daily and weekly timeframe as I like to trade like Day trader and swing trader. And also, in the future, I thinking to combine cryptocurrencies with stock market. Applying the same concept, cryptocurrencies and stock market are similar market.
ETH/USD: Bull rally 2022Etheeum forming this accumulation zone in the past days and this was a good news because we break up this price action to the bull reversal. We're leading to the next bull rally.
So guys, from that previoulsy candlestick, we forming htis bullish signal that Ethereum it's ready to take over to hit their historical price maximum almost $4,900 USD. And we're ready to use it to apply now!!!
Invest widely in cryptocurrencies. If you like trading in cryptocurrencies. I suggest to prove day trader and swing trader in cryptocurrencies to hold posiiton toward long term. They're good strategy to find up profitable in the time.
CAD/CHF: Bullish flag channelCanadian Dollar still in this consolidation. But early I believe that CAD will weak, until check out to know what happen. So, I have a good plan to trade CAD/CHF to long position toward my targets to $0.7532 CHF (124 pips)
So guys, i should have to buy below of $0.7380 CHF approximately. But I can't to check-out every hour because I'm offline in there until I get time to check it.
But following the H4 timeframe. it's bullish firstly and price action it's speak us. But don't worry, we can to work better.
AVGO: POTENTIAL 11% SWING TRADEAVGO :
I like the setup here with a well-defined risk .
Nice sort of ascending triangle that started forming in January.
Strong support of the ichimoku cloud at 596.
Can we break 610.40 and push to the previous high at 678 in the next few weeks?
No one knows. But the risk vs reward ratio is good, as you can set your stop for a 3% max loss (below 596) and your profit target to 678 (11% profit).
Swing trade for me.
Trade safe!
EUR/GBP: Outlook perspectiveEuro fall in that zone that I update yesterday. But right now, to note in H4 timeframe.
We're in the key manipulation zone that we reach down. But be cautelous to trade Euro in short, becuase in this level there're liquidity and I will hope an answer of the next candlestick in formation to valided it.
But fundamentally, I see that Euro it's look more optimistic than Sterling Pound as there's an emergence cautions in the Bank of England about UK economy and about interest rate where on Thursday in the past week the Bank of England made a meeting with their commite to talk about interest rates in England and economist see a growing risk as which lifted the bank rates to its pre-coronavirus crisis on 2020 and there're bad expectative for UK inflation and rates interest.
CAD/CHF: Bullish Gartley PatternCanadian Dollar/Swiss Franc forming an interesting bullish pattern harmonic pattern that could to find up these targets to the long position. Right now, in the moment, I believe that Canadian Dollar will weak until right now, as I analyzed in Daily analysis for reference, it's very important to analyze in H4 and H1 timeframe if all analysis fall. But, so, I'm bullish in short term in CAD.
So guys, in Daily timeframe it's very key to analyze it. As I analyze in H1 timeframe, it's bullish. So, CAD could to hit these yellow resistance key to watch up
So guys, I put a long position in this buy order limit at $0.7400 CHF and my SL at $0.7372 CHF and my maximum target at $0.7525 CHF. If this par hit the 5 targets that I show up in Fibonacci level we could to get 123 pips.
So, my targets that CAD/CHF could to reach are:
1) $0.7437 CHF (0.382% Fibonacci): 36 pips
2) $0.7471 CHF (0.618% Fibonacci): 71 pips
3) $0.7494 CHF (0.782% Fibonacci): 96 pips
4) $0.7525 CHF (1.000% Fibonacci): 125 pips
So, a good targets that could be conservative it's in the 0.618% Fibonacci around of the price $0.7471 CHF. Because this target it's possible to hit. But I show these 4 targets where CAD/CHF could to hit.
ETH/USD: Waiting for pull backEthereum it's another interesting position that I see. Maybe, we could to find up entries around 0.382% or 0.618% fibonacci key level. But to watch and hope for this long position. Also, I put an alarm on $2,900 USD to being informed if Ethereum cross this price and still pending if we forming any bullish candlestick formation in many hours more.
So guys, there're not any long position for now!!! We hope a pull back around $2,900 USD, and also in the 0.618% around $2,855 USD to entry in long in Ethereum with price action analysis and confirmed
We wait for next opportunity
And tomorrow, I will start analyzing Forex, my favorite global market that don't sleep 24 hours/7 days on the week to know the global economical trend in our financial world.
EUR/GBP: Bullish ChannelEuro forming a bullish channel and this could be a good signal to bought!!! put a buy order limit at 0.8396 GBP, and my SL will be 0.8366 GBP (29 pips) and my target to 0.8458 GBP (62 pips). This it's a risk/benefit 1:2, it's good proportion and Euro could to rise Great Britain Pound as I hear that European it's benefit about fundamental news of oil.
Good luck!!!
ETH/USD: Symetric triangle in formationEthereum has the similar pattern what Bitcoin do. But maybe, I would like to entry in the break out around $2,880 USD approx.
So, This it's the chartist pattern that Ethereum forming. So I will hope to the next opportunity.
But I would like to analyze the weekly timeframe to know the Ethereum situation soon.
And also, I would like to analyze another cryptocurrencies from Daily or above to know my perspective in the market.
But in general term, I see that Ethereum it's in the possible accumulatio zone in formation
BTC/USD: Ascending triangle developingBitcoin forming a possible accumulation zone that could to be the begin of this bullish trend. Also, in 3 Daily chart, Bitcoin support clearly the EMA 200 like support above $38,100 USD. So guys, if you like to trade Bitcoin, you can to view more the Daily chart always, it's very key to analyze it to invest by long term in Bitcoin and know their future very well.
Now, I would like to change a little my trading strategy and trade a lot from Daily chart always or more and following the macrotrend for this kind of asset. Also, I have a plan to take course of stock market and apply it to invest soon investing and trading above and always Daily chart
So guys, fundamentally. Bitcoin it's in this clearly bullish accumulation and we could to forming a possible ascending traingle of accumulation. But in another analysis, I want to analyze the weekly timeframe to know my perspective in it. So, I will start to be bullish in Bitcoin
CAD/JPY: Bought in this break-outIn the past analysis, as I'm analyzed Canadian Dollar/Yen Japanese, that was a possible bought, but CAD down and hit my SL. But my perspective still bullish in that case, but I believe that I don't draw very good the zones. But to update, we formed a bullish rising wedge and broke up in this upside.
This it's my outlook what I see!!!
So, I see that you can to put a buy order limit. For my convenience, I put my buy order limit at $90.42 JPY with my SL at $90.14 JPY and I have 2 targets that you can see in H4 timeframe very good. The targets are $90.93 JPY and $91.60 JPY. But be cautious in that resistance zone at $$90.93 JPY. Because depending how volatile will be the movement and how the candlestick closed up, I will take decision if closed up at $90.93 JYY and then, get like 58 pips earned.
And guys, I guess you to trade Forex in case that we don't find crypto trades. My own goal it's to reach 10% weekly as minimum, my own risk management its 6% weekly. And well, my monthly goal it's to reach minimum 20%, or included more. But I like to trade and find up weekly opporutities in Forex, there're much to explore out.
EUR/GBP:Wait for the next trade!!!
In case that EUR/GBP forming a consolidation patter like triangle symetric or any chartist pattern, this it's a signal of liquidation and the key point its's above of 0.8402 GBP to watch out.
The Daily candlestick closed up with a wick and body of indecision market, And we would need to wait. But a possible signal could to find up in the next up.
We still monitoring Euro/Great Britain Pound to trade in short or long. But wait!!!