EURUSD had great week showing intention to look for higher prices Price most likely to hit 38% fibo and retrace before pushing higher Overall sentiment of the market is very bull for EURUSD : 1- Weekly Overview - Huge positive candle on the weekly close 2- DXY broke support and is looking bearish. The structure breakout projection is point DXY to drop to...
Weekly chart says it all.. the 2022 pattern is now repeating again for the USDJPY pair: 1- Top rejection 2- Bear Doji close 3- Waiting now for confirmaton: bear candle with body closing below previous and lower high The volume seems to be lower this time so watch out for one last try to test the weekyl Top. Most likely will be rejected so thats a good point for...
Massive bear Weekly Close breaking a 4 week support Next week we'll be looking for a price pull back to test the resistance and if rejected then we're all set for to short eurgbp Support trend line also broken. Next week look for validaton of those support lines becoming now resistance levels
EURUSD bot at 50% Weekly Fibo Now trading inside the channel pressured to go Bull based on recent positive economic indicators. If next week economic data provide positive results then EURUSD is set to go Long! If economic results are bad we are will be looking for Bears to push EURUSD down to test 50% Fibo again on a Weekly Double Bottom test. Great entry...
Aiming to break through support line to retest support at 2022 levels. If that happens then we have a Double Top formation on the Monthly Chart. At that point we can either go to pre-covid crash levels which is possible scenario to happen due to inflation and high interest rates from the banks in order to slow economy down.
next week we migh see EURUSD picking one side Price might go higher and break resistance: It is also very possible to see price finding resistance putting a new LH . This will bring price down towards previous support levels
Key levels to track during next week explained on the chart
Key points: - DJY retesting after breakout - Nasdaq trading at the bottom of a bullish flag SP500; if DJY confirms a down trend after retesting resistance at the breakout level we might see spx500 being dragged down otherwise this will bring Sp500 up to retest 200EMA again
if you have entered this trade as i did during today maybe you also have not realised this could be huge. Now after looking to a bigger time frame it looks like we have formed an inverted cup with a handle breakout during today ... are we going to see the cup breakout? eyes open for this one
Dax tried to go lower and found support this week this isn't over yet. Next week i believe we will have some positive days moving towards the wave (4) a key resistance level for dax. It is expect to see a rejection at his level bringing the price down to complete last wave (5) attached to this idea is the Sp500 and last week De30 analysis Last week i mention...
H&S breakout price came up with secent bullish strength to retest It's a good risk reward shorting opportunity at the resistance level
Key points here: - Tesla price is losing momentum in the last few days - Price is now mirroring previous movement. - Reaching previous high is crucial for Tesla. Will the price react the same way as it did last time and finally pullback towards to close previous gap left to fill or will it run away? Elon tweet: was this Elon just being Elon or was this an...
Another good opportunity If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle. 61.8% fibo range is the sweet spot to enter long if the above scenario happens. In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.
Big German stocks looking for ABC correction: SAP VOW SIE LIN BAS BAYN is one of the big stocks that is not clear. We see a triangle pattern on daily chart. If this breaks bearish then we have a big red week for the Dax DE30 seems to reflect this trend next week we will be looking for ABC correction