U - breakout soon?After hitting the low on 11 May, U traded in a sideway range between 32-48 for almost 3 months now, forming a possible base. The higher volume during this period suggest there could be some accumulation going on.
However with earnings expected out tomorrow, there is a always risk of a nasty surprise.
Hence to be conservative, wait for results to be out.
Should the stock rise after earnings, buy near the break or wait for the first pullback.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Volumespreadanalysis
EURAUD TREND BOUNCE SETUPPair: EURAUD
Timeframe: 1H
Analysis: Round number level, trend line, volume profile, support and resistance
Key Takeaway: Need to see a bounce from trend line, high volume level and round number
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Level needed: Need to see price close by 1.46030
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Trade: Long
RISK:REWARD 1:7
SL: 28
TP: 195
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
STEM - Adam & Eve breakup A strong breakup last Friday that propelled it above the 200 days moving average now.
Any near term dip will be a lower risk opportunity to long (with stop loss just slightly below the neckline @ 12.30).
Could face some resistances around 16.50 and if it managed to surpass this level eventually, than $19 - $20 is possible.
p/s Biotech and pharma stocks have been breaking up lately!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NZDCAD BREAKOUT SETUPPair: NZDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, resistance, ascending triangle pattern, wedge pattern
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Key Takeaway: Seen break of high volume level and resistance level, we have already seen a break of trend line
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Level needed: Need to see price close by 0.80995
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Trade: Long
RISK:REWARD 1:8
SL: 20
TP: 160
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADCHF POTENTIAL BREAKOUT?Pair: CADCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, resistance
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Key Takeaway: Need to see a break of high volume level, resistance and trend line
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Level needed: Need to see price close by 0.74805
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Trade: Long
RISK:REWARD 1:7
SL: 12
TP: 88
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADCHF HIGH VOLUME LEVEL BREAKPair: CADCHF
Timeframe: 4H, 2H
Analysis: Round number level, trend line, volume profile, support, descending triangle
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Key Takeaway: Need to see alot of bearish momentum and a push through high volume level
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Level needed: Need to see price close by 0.74235
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Trade: Short
RISK:REWARD 1:4
SL: 17
TP: 73
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPCHF TREND BOUNCE TRADEPair: GBPCHF
Timeframe: 2H
Analysis: Round number level, trend line, volume profile, resistance break, descending triangle
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Key Takeaway: Seen good bearish momentum when price hits key area
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Level needed: already entered
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Trade: Short
RISK:REWARD 1:3
SL: -30
TP: +90
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDJPY BEARISH BREAKOUT TRADEPair: USDJPY
Timeframe: 2H
Analysis: Round number level, trend line, volume profile, resistance break, ascending triangle
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Key Takeaway: We need to see break of short term retracement
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Level needed: Need to see price hit 136.345
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Trade: Short
RISK:REWARD 1:5
SL: -40
TP: +190
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short Natural Gas | Weekly ChartHello all,
New week, new opportunities.
This weeek we got some new trades, all of them shorts and all of them very interesting. Spacially, for Natural gas.
As always, we follow up the the accelerate volume, this week the short volume crosses over the green volume and also in monthly chart the short volume is already greater than the long volume, so in the case the strategy is clear, short trade until long volume crosses over the red volume or until a key fibonacci supports.
Have a good day
AUDCHF CONTINUATION TRADEPair: AUDCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support + resistance, pennant pattern, ascending triangle, Fibonacci
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Key Takeaway:Need a bounce off of these key levels
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Level needed: Need to see price hit 0.66380
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Trade: Long
RISK:REWARD —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDCHF TREND BREAKPair: USDCHF
Timeframe: 4H
Analysis: Round number level, Strong support, volume profile, Currency strength index, trend line, descending triangle
Key Takeaway: Close below support and rounded number
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Level needed: Need to see price hit 0.96940
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Trade: Short
RISK:REWARD : 1:5
SL: -28
TP: +136
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADCHF TREND REVERSAL TRADEPair: CADCHF
Timeframe: 4H
Analysis: Round number level, Strong support, volume profile, Currency strength index, trend line
Key Takeaway: Close below trend line and support
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Level needed: Need to see price hit 0.74805
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Trade: Short
RISK:REWARD : 1:7
SL: -12
TP: +85
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
JICPT| NQ on the verge of breakout to the upsideHello everyone. It's been volatile for the past few days, especially after the higher-than-expected inflation came out last week. Investors were pretty concerned of the possible 1% rate hike. Two fed officials lowered the possibility that buyers came in again to try to take the control back.
With a higher low and same high structure formed on the daily, I think market is getting momentum to the upside. The key level is likely to be penetrated through. I got my confirmation on the volume marked on the chart.
It seems that after 34% drop from the peak created last November. Sellers need to take some rest. The key level is around 12900 where I expect huge selling pressure sits.
What do you think? Give me a like if you're with me.
AUDUSD SHORTCONFIRMATIONS
- I highlighted in purple the areas and times where price has reached my ascending trend line and rejected price.
- Placed my stop loss a little higher than its previous high.
- The dollar(DXY) is possibly consolidating but overall bullish so that's essentially working in confluence.
- Price has hit my fib retracement at the golden 618 zone, which is a sign price could reverse at this point.
- Set my take profit a little above my -27 extension.
- I haven't entered the trade yet. I might wait until price goes under my 50 moving average, then id have to adjust my stop loss and take profit!