Swingtrader
GBPCAD: Breakout & Bearish Continuation 🇬🇧🇨🇦
GBPCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range in March.
On Friday, the price finally broke its support to the downside and closed below that.
I believe that it may trigger a bearish trend continuation.
Next goal for sellers - 1.555
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XAUUSD Bullish IdeaIm going for a crazy 1:40 on gold and a 1:20 if that fails. I believe it is bullish and we are going to the higher supply area above 1874.00. Now idk if price will return to any of my demand zones, being it already too the H4 imbalance and tapped into the order block but if so we shall see what happens.
CADJPY: Classic Trend-Following Setup 🇨🇦🇯🇵
Hey traders,
CADJPY is trading in a long-term bullish trend.
Reaching a new high the market started a correctional movement.
For more than a month, the pair was steadily falling within a bullish flag pattern.
Yesterday, its resistance was finally broken.
I believe that such a breakout may initiate a bullish trend continuation.
Goals: 102.7 / 104.5
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GBPCHF: Very Bearish Outlook 🇬🇧🇨🇭
Have you seen that bearish breakout on GBPCHF.
The price broke and closed below a major daily demand area.
I assume that quite soon the pair will drop lower.
Next goal for sellers - 1.1925
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MarketBreakdown | EURUSD, USDCHF, WTI OIL, NZDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - Monthly time frame 🇪🇺 🇺🇸
The market reached 6-years-low last week.
And as I predicted, the market started to recover.
It looks like bullish pressure is strong enough to even break a daily structure resistance.
I believe that we may expect a further bullish continuation
2️⃣ USDCHF - Daily time frame 🇺🇸🇨🇭
As I predicted, the pair dropped nicely from a resistance line of a rising parallel channel.
Now it is approaching its support.
If the price breaks that to the downside, I will expect a bearish continuation on the pair.
3️⃣ WTI Crude Oil - Daily time frame 🛢️
The price recently broke and closed above a strong horizontal resistance.
Now the goal for buyers is March's High.
From that I will look for a pullback trade.
4️⃣ NZDUSD - Daily time frame 🇳🇿🇺🇸
The pair is trading in a strong bearish trend.
Setting a new lower low lower close on a daily the market retraced and now we see a nice correctional move.
Ahead is a strong horizontal resistance.
Look for trend-following opportunities from there.
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DOLLAR INDEX (DXY) Bullish Continuation Again?! 💵
After a two-week-long consolidation, Dollar index set a new higher high higher close on a daily again.
The price broke a horizontal supply area and it looks like the market may keep growing.
Bullish bias remains.
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SILVER (XAGUSD) Important Breakout🥈
It looks like Silver broke a key weekly demand zone this week.
Weekly candle closes in just 10 hours.
With a high probability, we will see a bearish trend continuation to lower structure levels.
Next demand zone on focus: 18.8 - 19.6 area.
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Short Facebook $FBGap fill, RSI turning over hit average, MACD is turning over, room down to $150. High Put Open Interest at this level.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Alibaba $BABAFilled 1 GAP today, on balance volume is lower, RSI underbought, MACD hasn't flipped over. Lackluster earnings, the stock has room to yellow line GAP fill $63.
Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NZDUSD: Important Structure to Watch Next Week 🇳🇿🇺🇸
Hey traders,
NZDUSD is trading in a strong bearish trend.
The market is falling for 6 consecutive weeks.
Ahead is a very important zone of confluence:
we see a perfect match between a horizontal weekly demand cluster
and a falling trend line of an expanding wedge pattern.
I believe that soon we will see a pullback.
Pay close attention to the underlined area and wait for a confirmation to buy.
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GOLD - Big Picture MattersLet's take a look at quaterly gold's chart. Gold seems to have a breakout to the upside and now back-tests its previous structure.
That resistance -turned- support around 1880-1895 should provide great buying opportunities if gold maitains its bullish structure and heads higher after back-testing.
We recommend traders to long gold at 1885-1895 with strict stop loss under 1875 and target 1930-1950-1965 (for short term trades)
We recommend traders to long gold at 1875-1895 with stop loss under 1825 and target 2070-2150-2230 (for medium term trades)