AUDUSD (Daily): The END of the UPTREND!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
The AUDUSD pair is definitely giving us an upcoming opportunity, in a weekly perspective the price is following a strong uptrend started at the end of March.
Back to the daily perspective we can see a rejection of the price once it reached the major trendline, in fact the price clearly bounced on it, starting a new uptrend.
An increasing of momentum and volumes, moved the price up, reaching a secondary trendline level, that actually acts as support and resistance at the same time.
This uptrend is definitely moving with strenght and decision, in fact the price easily broke the resistance zone, continuing the trend without any hesitation.
The price now reached an important resistance zone at about 0.76839, it touched an important trendline resistance and it closed the last day with a bearish pin bar, a possible sign of inversion.
CONCLUSION:
The price has been following a new uptrend since the beginning of November, and now it reached an important resistance level.
The price is already giving us few signs of weakness, including a bearish pin bar in a daily perspective, price overbought and the RSI divergence could be an extra confirmation.
Should you entry short in this trade? My answer is YES, and I'll show more details in my next H4 time frame perspective.
Trade safe,
Gianni
Chart patterns
$EBON PT 30 and higher $BTC.X Miner (fm @Snake Doc)Ebang International Holdings Inc., through its subsidiaries, engages in the manufacture and sale of Bitcoin mining machines and telecommunication products in the People's Republic of China, the United States, Hong Kong, and internationally. It provides application-specific integrated circuit based Bitcoin mining machines; and Bitcoin mining machine accessories, as well as ancillary services to assist its customers operations. The company also offers mining machine hosting services that enable its customers to operate their mining machines remotely. In addition, it provides fiber-optic communication access devices comprising multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent terminal products, such as gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of things access devices, and business enterprise smart wireless access devices. The company sells its Bitcoin mining machines for enterprises and individual buyers under the Ebit brand through direct sales; and telecommunications products for telecommunications service providers under the EBANG brand name through direct sales. The company was incorporated in 2018 and is headquartered in Hangzhou, the People's Republic of China
$CAN PT 20 and higherCanaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.
$CAN PT 13 and higherCanaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly of system products; and supply chain and distribution of system products. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. The company was founded in 2013 and is based in Hangzhou, the People's Republic of China.
$BANT PT 2-4 SupernovaBantec, Inc., an unmanned aerial vehicles (UAV) and related services and technology company, focuses on the distribution and integration of advanced low altitude UAV systems, services, and products worldwide. It also provides product procurement, distribution, and logistics services. In addition, the company offers drones; drone accessories, training, and services; counter-drone technology; certificates of authorization; and Waivers, as well as drone pilot services. Further, it supplies spare and replacement parts to various federal government agencies, military prime contractors, and commercial customers. Additionally, the company operates an online store for Covid-19 sanitizing products and robots. Bantec, Inc. is headquartered in Little Falls, New Jersey.
$GHSI PT 2 and higherGuardion Health Sciences, Inc., together with its subsidiaries, operates as a specialty health sciences company in the United States. It operates in two segments, Medical Foods and Medical Devices. The Medical Foods segment offers Lumega-Z, a medical food that replenishes and restores the macular protective pigment; and GlaucoCetin, a vision-specific medical food to support and protect the mitochondrial function of optic nerve cells, as well as improve blood flow in the ophthalmic artery in patients with glaucoma. The Medical Devices segment offers VectorVision, which develops, manufactures, and sells equipment and supplies for standardized vision testing for use by eye doctors in clinical trials, real-world vision evaluation, and industrial vision testing; CSV-1000, an instrument for contrast sensitivity, glare sensitivity, low contrast acuity, and early treatment diabetic retinopathy; CSV-2000, a digital standardized contrast sensitivity testing device; and MapcatSF, a medical device that measures the macular pigment optical density. The company distributes its products through sales force, as well as through its guardionhealth.com Website. Guardion Health Sciences, Inc. was founded in 2009 and is headquartered in San Diego, California.
$PHUN PT 2.50-5 and higherPhunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers platforms as software-as-a-service, application transactions media, and data licensing. Its product portfolio comprises enterprise mobile software, including content management, location-based services, marketing automation, business intelligence and analytics, alerts, notifications and messaging, audience engagement, and audience monetization, as well as vertical solutions, which are off-the-shelf, iOS-, and Android-based mobile application portfolios, solutions, and services; and cryptonetworking, as well as MaaS software application frameworks that pre-integrates all of its MaaS software ingredients for use within mobile application portfolios, solutions, and services. The company also offers application transactions for mobile audience building, user acquisition application discovery, audience engagement, and audience monetization, which includes re-occurring and one-time transactional media purchases through insertion orders. In addition, it provides data, including re-occurring and one-time application transaction media campaigns and recurring data licensing for one-to-one, indoor and outdoor, and consumer targeting across global position system, high-and low-density Wifi, and physical and virtual beacons. The company has partnership with GAIN Innovation for government contract bids in Texas. Phunware, Inc. was founded in 2009 and is headquartered in Austin, Texas.
GBPAUD (Daily) LONG IDEA: a NEW upcoming UPTREND!POTENTIAL PROFIT: UP TO 300 PIPS
TECHNICAL ANALYSIS:
-Since the beginning of April 2020, the price has been following a long downtrend, until the end of June, where the price bounced twice on an important weekly support zone.
-The second rejection moved the price up over the ema 50, starting a new side trend around a secondary S/R Level at about 1.80558.
-The 14th of December, the price retested the support zone, a long shadow on the last downbar showed a sign of weakness to continue the same trend, in fact the price is now moving with a new uptrend.
CONCLUSION:
-The price is actually bouncing on a new trendline support and I aspect it to move up until at least the secondary S/R level.
Before to open any position, I suggest to wait the retest of the trendine support and be "sure" that the price action confirm the new uptrend.
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GBPCAD (Daily) SHORT IDEA: Is it time to BREAK the TRENDLINE?POTENZIAL PROFIT: UP TO 150 PIPS
TECHNICAL ANALYSIS:
-Since the beginning of April 2020, the price has been following a long downtrend, until the end of June, where the price bounced twice on an important weekly support zone.
After the second rejection, the price hasn't been able to retest and break the support level, starting a new uptrend until it reached the resistance level at about 1.74000.
-The weekly resistance zone, rejected and quickly reversed the market in a downtrend until the previous support level.
-Since the half of September, the price started a new uptrend, following a clear ascending channel. Once it reached the resistance zone, it collapsed down but quickly back to the uptrend.
CONCLUSION:
-The price has been rejected from the resistance zone many times, and it actually happened again, that's definitely a strong level.
I aspect the price falling down, reaching the next support level at about 1.70000.
I'd eventually entry short only if the price will clearly break the trendline.
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Gbp/JPY Profit target achieved 55 pip scalping !!we traded based on a breakout and we had a wonderful short trade to next demand zone . profit target achieved about 55 pips. hope you guys enjoy and have a wonderful holiday
i will link the trade post here so you can learn and understand my perspective
Follow me for scalping trade setup!!
EURGBP (Daily) SHORT IDEA: a Possible DOUBLE TOP Market ReversalPOTENTIAL PROFIT: SHORT UP TO 120 PIPS
TECHNICAL ANALYSIS:
-Since the end of March 2020, the price has been moving in a strong uptrend until it reached the main weekly resistance zone at about 0.93000, important level that rejected and inverted the market's trend. High volatility and strong momentum gave to the price the opportunity to move up so quickly.
-A nice trend correction (until the 0.61% of Fib retracement) followed the strong uptrend, before starting a short period of consolidation.
-At the end of May, the price bounced on a daily support, giving a nice expectation to grow again, but the market started a long side trend, bouncing up and down between the resistance and support zone.
Since the end of November 2020, the price tried twice to reach the resistance level, failing both of the times (long shadows on the top upbars could be a sign of reverse and weakness of the market).
CONCLUSION:
The market is definitely moving with a clear daily side trend, few days ago it failed the attempt to reach and break the resistance level that seems to be really strong.
A double top pattern, up bars with small body and long shadows, make me think about a weak market and an upcoming short event! I don't have any short position opened right now, because the pattern hasn't confirmed any market reversal yet.ù
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EURCHF (Daily) SHORT IDEA: The Bearish ASCENDING TRIANGLE!POTENTIAL PROFIT: SHORT UP TO 80 PIPS
TECHNICAL ANALYSIS:
-Since the end of November until the first week of May, the price has been following a strong downtrend (Confirmed by the price moving without breaking the EMA 50).
-The price reached then a main support level at about 1.05000, it retested that before breaking the ema 50. The price wasn't able the reach again the support level, in fact a strong bullish movement pushed the price up until it reached the main resistance level at about 1.08727.
-The main resistance level rejected the price inverting the trend;
on the 13th of July the price bounced on the new support level, starting now an uptrend.
The price actually seems to be not able to break yet the strong resistance level, but at the same time it's bouncing on different support levels on the bullish trendline (Possible bearish ascending triangle).
CONCLUSION:
The price is actually in a really high volatility period, it's quickly bouncing up and down. The resistance level at about 1.08625 rejected the price many times and I believe it could happen again after a short period of consolidation.
I would entry short after the breakout of the level at 1.08100.
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BTCUSD (Daily) SHORT IDEA: An UPCOMING Market Reversal!TECHNICAL ANALYSIS:
-Since the end of October 2020, the price started quickly increasing, moving with a strong uptrend.
High volatility and strong momentum confirmed the trend, reaching in less than 1 month the level at 20000.00.
-The price bounced on the resistance level at 20000.00 and failed the next attempt to break it.
-The 16th of December, a strong momentum upbar broke the resistance level and the price moved up until the level at about 24000.00, level of price where the market got a consolidation for few days, before moving up one more time reaching the level at about 28500.00.
CONCLUSION:
I aspect the price getting few more days of consolidation, before falling down as a correction of the main uptrend, going to reach the support level at about 23000.00 (Perfectly matching with the 0.61% of Fibonacci Retracement).
The price is in high volatility period, overbought and the RSI divergence during the full last month make me think about an upcoming correction and market reversal.
READ WELL: I DON'T suggest to open any short position right now, because we still don't have any sign of market reversal yet!
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Trade Safe,
Gianni
EURCAD (Daily) SHORT IDEA: Short NOW on the MAIN RESISTANCE!POTENZIAL PROFIT: UP TO 180 PIPS
TECHNICAL ANALYSIS:
-Since the end of March, the price followed a downtrend, bouncing and stopping the trend on the support level at about 1.51067, starting a consolidation period until the beginning of July 2020.
-During a strong momentum period, the price quickly moved up reaching the resistance zone at about 1.58977, that rejected and inverted the trend.
-After a small correction during a high volatility period, the price continued moving in a side trend, bouncing more times on a new daily support zone at about 1.54000.
CONCLUSION:
The price broke the descending channel resistance on the 17th of December, reaching an importand weekly resistance.
An Harami bearish candlestick pattern, a long shodow on the last red upbar made me think about an inversion of the trend, 2 red downbar could definitely confirm that!
I've already a short position up to 180pips! here the details:
ENTRY POINT: 1.56039
STOP LOSS: 1.57357 (0.58%)
TAKE PROFIT: 1.54306 (1.37%)
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Trade Safe,
Gianni
$RMG Merging 12/28 on Step III of Step IV StepsRegional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. It offers small and large installment loans; retail loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products. The company's loans are sourced through branches, direct mail campaigns, digital partners, and retailers, as well as its consumer website. As of March 26, 2020, it operated through a network of 366 branches in 11 states located in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States. Regional Management Corp. was founded in 1987 and is headquartered in Greer, South Carolina.
$GIK Patterns repeat and scales upLightening eMotors...
GigCapital3, Inc. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses. It focuses on the technology, media, and telecommunications industries. The company was founded in 2020 and is based in Palo Alto, California.
$NGA target Lion Electric Chart Pattern: Broadening FormationChart Pattern: Broadening Formation Northern Genesis Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2020 and is based in Kansas City, Missouri.
$HBNTKubient, Inc. develops a cloud-based software platform for digital advertising industry. The company develops Audience Cloud, a platform for real-time trading of programmatic advertising. Its platform allows advertisers and publishers the ability to use machine learning during programmatic ad space auction. The company was founded in 2017 and is based in New York, New York.
AUDNZD (Daily) LONG IDEA: a CLEAR Trend INVERSIONPOTENTIAL PROFIT: UP TO 150 PIPS
TECHNICAL ANALYSIS:
-Since the end of March, the market started a strong uptrend, getting a trend correction once it reached and bounced on the weekly resistance zone at 1.08733.
The trend correction wasn't strong enough to bounce on the main support, in fact it just continued the up trend, breaking the main resistance zone.
-The price retest the same level, but not able to break the HH at 1.10449, it collapsed in a long and clear downtrend. (The RSI indicator clearly showed a decrease of the market's strenght).
-On the 1st of December the price bounced on the main support zone, getting a trend correction matching with the 0.50% of Fibonacci Retracement.
CONCLUSION:
The price bounced on a strong support, and it is actually on a trend correction. The volatility is becoming low (it could be a sing of small inversion).
I aspect the price bouncing on the new support zone before going up with a bullish movement until to reach the main resistance zone.
If you enjoy my FREE Technical Analysis, let me know that with a big LIKE, I'll be so glad!
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Trade Safe,
Gianni