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EUR/USD: Will the FED Surprise by Raising Rates?On EUR/USD, we have a bearish setup in anticipation of the FED meeting this week, specifically regarding the interest rate decision. The market has broken seven swing lows from the 1.07 - 1.0670 level, demonstrating its explosive strength. However, I continue to emphasize this simple concept: a break of a swing low signifies a show of strength, but at the same time, it's an excellent opportunity to look for long positions, essentially at the lows. In this case, on Monday during the London session, I will look for a falling wedge pattern at the 15-minute chart with a possible entry at a Falling Wedge Breakout (FVG) and a potential target at the 0.62% Fibonacci retracement level, which is at 1.071. Let me know what you think. Greetings and happy trading to everyone, from Nicola.
Long
by Forex48_TradingAcademy
5
USDJPY: Will the Fed lower the dollar?On USD/JPY, we have a bullish setup, with the price breaking a previous swing high at the 147.87 level. This breakout confirmed my bearish view. I will be looking for a bearish opportunity on Monday at the New York market open and London close. I'll be seeking a change in structure to the downside on the M15 chart with an entry at a strong level or inefficiency zone. The target could be the demand zone on H4 at the 147.51 level. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
7
MUSA (Long) - Find me a better baseFundamentals And it is not just the base, the fundamentals are also robust. NYSE:MUSA has immense amount of sales and even with the price rise we have seen, the P/S ratio is still staggeringly low at 0.4. The P/E ratio is also low at 13. The reason behind the stellar share price performance is mainly the consistent growth in sales, regardless of market conditions, the stock has outperformed. The reason why the stock is not even higher is two-fold: (i) very low profit margins, capturing only 2.6% of sale as profits and (ii) high debt with debt/equity ratio at 2.22 However, the firm has been defying expectations for a while in constantly beating estimates, hence the share price And with that chart setup, it seems like continuing further Technicals Hard to say anything bad about this setup. I have been watching investors building this base, buying every dip and forming robust fundamentals for the past year. The price clearly broke out of the base a couple days ago with volume and no resistance, ending the day at the highs. This is one of my favourite setups and rarely fails (for demonstration, look at my past trades). I am not going to provide more evidence in terms of indicators and patterns, I have been watching the price action for 6 months , knowing the stock intimately, and this break looks very convincing. Trade The air is not completely clear until I see some continuation going ahead, but that could mean sacrificing returns, hence I went long on the break. However, I have to caveat that if there is a sign of turning around and making this a fake breakout, immediately sell A pullback to the entry point is allowed, but once we start breaking lower or lacking continuation, it is a sell signal The trade is still good to enter here, but one can wait for a pullback to buy in. However, that would mean risking the trade gets away from you. Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation, it motivates me to keep producing ideas, thank you :)
NYSE:MUSALong
by jurajholik
2
EURJPY posted a bullish hammer bottom.EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 157.45 level. - We look to Buy at 157.45 (stop at 156.93) Our profit targets will be 158.75 and 159.05 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Bitcoin in Weekly Timeframe-Super-CycleHello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves. Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave. After a full cycle, we expect to correct waves that include 3 waves. The first and 3rd in bearish and the second wave has Bullish momentum. we called it ABC. It's really easy to understand. Based on my analysis, the A wave begins from 69K to 15K B wave begins from 15k to 32k And at this time we are in a C wave that includes 5 microwaves. The A Wave has a special structure. There are 5 microwaves in the A wave. In Bitcoin, the A wave had a stretched wave in the first microwave. And the 3rd one is not the shortest wave. B could move complicatedly. It's usually moved in 3 microwaves. The last one is the C wave. I expect C wave has 5 microwaves. And could create a divergence at the End of the movement that related to a sign to notify us it's time to buy. Take it Easy! The C wave began. So, Watch the market. I told you everything in the analysis about the daily timeframe. Please refer to my pre-analysis and think about that. Good Luck Ho3ein.mnD
BITSTAMP:BTCUSDShort
by Sticky-Stock
2
GBPAUD 1000+ PIPS TRADE SETUPHello traders , it looks to me gbpaud may start a strong bearish move. here are our bearish clues : - the price touched a bearish trendline and formed a double top pattern - RSI divergence the indicator shows lower highs and lower lows which indicates that the sellers are getting weaker Trade Confirmation : Breakout of the local bullish trendline and the double top Neckline. I post Weekly setups and analysis on my tradingview if your not following me your missing out on free mulla . This is not financial advice just my humble opinion trade safe.
Short
by xAB777
CL OIL HEAD AND SHOULDER BEARISH SETUPHello traders it seems like Oil may be taking a bearish turn here are our bearish clues : - Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) . - Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght). - Classic Reversal pattern Head And shoulder in formation Confirmation : Neckline Break + Retest Keep in mind that this week is very action packed so be sure to check the fundamentals before entering. this is my humble opinion not financial advice
TVC:USOILShort
by xAB777
XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area. unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips. but it is what it is this is apart of trading , there will be more opportunities in the future. anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area. here are our bearish clues : - dollar still too strong - the head and shoulder formation - Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone the breakout of the neckline will be our confirmation. also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold . this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
OANDA:XAUUSDShort
by xAB777
SILVER BULLISH DOUBLE BOTTOM FORMED Hello traders so XAGUSD Formed a Classic bullish reversal pattern the double bottom so we might expect a bullish reaction. OUR BULLISH CLUES : -the price formed a double bottom on a key support level (M30-M15 TF) -RSI BULLISH DIVERGENCE the breakout and retest of the neckline will be our confirmation . leave a like and follow if you found this helpful i post weekly setups and signals on my tradingview . this is not financial advice just my humble opinion.
OANDA:XAGUSDLong
by xAB777