GBP/JPY - 30/11/2021GBP/JPY (H4) - price starting to break support here. With how bearish this candle is looking to close expect heavy momentum with little confirmation on the break.
GBP/JPY (M15) - last M15 for the H4 close is starting to break the support area. if we close below support I will be expecting the next H4 to have a slight pullback which may be as small as a wick before entry or if we fail to break support I will be looking for a lower high to be created before anticipating the break.
Entry
EUR/USD - 30/11/2021EUR/USD (H4) - Seeing a directional bias change here. Trendline broken new higher highs set and now anticipating the next higher high to form on the break of resistance
EUR/USD (M15) - intraday trendline formed and price creating textbook structure here. I will be waiting for the retest after the break as momentum is not as volatile as other pairs.
USDJPY Long entry Last week USD/JPY fell by 1.98% towards the 113.1 area. This occurred after USD/JPY made new yearly highs of 115.221. The price has stabilized at the support zone off 113.420 which, if holds could mean an increase of price from this point. The 4hr RSI levels are also oversold (22) which complies with this analysis. The target of this trade is at the resistance zone of 114.1, following this the next target is at 114.70. The stop loss area for this trade is just below the support level at 112.934.
GBPUSD Short Idea Cable remains under pressure, currently trading under the 1.34 levels. The price fell through the support level of 1.334 and found some stability at the 1.32 zone. The candlesticks that have emerged on the 4hr chart show indecision and uncertainty. If the price is able to push past the resistance zone with conviction, then this short will be invalid. However, the last 3 times the price has attempted to break out of this range it has failed, therefor it's likely for the price to fall and retest the support level of 1.32. The stop-loss area for this trade is located at the previous resistance zone of 1.338.
USD / CHF What is Going On!?!?Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
With the Swiss Franc inflation rate is getting higher and higher over the past few months, people are freaking out and it is showing itself in the market. On Friday, Most CHF pairs made a massive move and has everyone shocked when the market closed Friday afternoon. I think this is going to be a very volatile on market open and the rest of the week, the inflation rate has been getting higher and higher. The Swiss National Bank (SNB) and the Swiss government has already stated that the inflation rate is within there goal of 1-2% in the coming years. They are keeping a close eye on not only the rate but also how it is effecting the foreign exchange market.
There is a lot of other news going on in the world with the infamous omicron variant of the Covid-19 virus, the world is really in a weird place and with these horrible events that may come in the near future with the virus and how the world will adapt will bring a lot of volatility to the market, so be ready.
Anyways, sorry for the rant but let's get right into the actual analysis.
Daily:
On the bottom line you can see price has fallen down to this area before and had a hard time breaking through what at the time was resistance. Once price had broken that "Resistance" zone price pushed up to make a new high and also leaving behind a pretty big sized wick. After that price had bounced between these two zones and had approached that high last week but showed resistance as well! Following some news last week of the omicron virus making it's way to Europe, caused a lot of governments to close their borders to certain parts of the world and the markets made a massive move. On Friday evening price had dropped more than 100+ pips so now I am watching what the market will do at the open this Sunday at 2:00, I might be looking for a long term Short Position here but will wait to see if there are any major pullback are any other major moves before getting in.
Hourly:
As you can see, price had broken down below that support/resistance zone that I had already mentioned but you can see on the hourly price had already pulled back within the closing hours of the market but did not break through to the upside here. When the market opens I am going to let it play out for a little just to see where it is going and then see if there is a potential trade here. This is going to be a risky trade no matter what, everyone will most likely have there eyes on these pairs this week to maybe capture a big potential gain.
Thanks again,
KeySlot
GBPCAD Long Entry GBPCAD has risen by 1.58% towards the levels of 1.70405 in recent days. However, the price managed to make lower highs and fell to the price of 1.689. Some support has been created at this level, which has formed exactly on the 0.618 Fib level. On the 4hr chart, the RSI levels are very oversold which indicates that there is room for GBP to rise. The target for this trade is at the 0.382 Fib level, 1.69477. The stop loss area for this trade is located at 1.6833
AUD CAD Long Entry AUD CAD has just had a 0.45% sell-off towards the area of a key support zone, (0.90934). The price was previously consolidating for a period but then broken through the support level of 0.9138. This level is now the resistance zone and the target for this long entry. The RSI levels are very oversold on the 4hr chart which complies with the long entry. The support level for this trade is at the April low of 0.90203.
USD/CAD - 02/11/2021USD/CAD (H4) - Still not left this consolidation but price is showing very bullish. I will still be waiting for the break of 1.24030 to look for anything major but we do potentially have a nice trade for a small R that we can take up to resistance.
USD/CAD (M15) - Price has broken out of resistance of 1.23847 if we get price retesting this level then we have a 18 pip rang where we could squeeze a 1:2 up to that H4 resistance but we need that retest first.
GBP/USD - 02/11/2021GBP/USD (H4) - weak break out of support of 1.36713 and price has found new support of 1.36510. We have formed and hourly double bottom but I don't believe this will hold and price should follow suit bearish with GBP/JPY. Just need to wait for the break.
GBP/USD (M15) - Very messy structure here so just bear with this one. Try avoid the noise and just look for price tapping back into 1.36478 and look for the break for sells as this would be the break of H4 support.
GBP/JPY - 02/11/2021GBP/JPY (H4) - Finally broke through that support level of 155.993 with really strong momentum and have just closed below the next support to with the last H4 candle, momentum has not continued from the break of 155.380 but price is failing to break back above which is showing good signs of continued sells. We could just be seeing a retest before price continues bearish throughout pre London and London open.
GBP/JPY (M15) - We can see how weak this pullback is on the 15 minutes.
1) we can see clear bearish structure being presented with the lower highs and lower lows forming.
2) the strong M15 break and weak retest suggests sellers are still in control.
3) we have a new low being formed which we can use as an entry level for continued sells.
$MIRM empire strikes back*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
If you take the chance to review our previous works, you may have noticed a simple trend...we are getting to the money every time! However despite our many triumphs there are plays that we prefer not to discuss amongst ourselves. From that tiny list $MIRM is definitely at the top. In the past my team doubled down on a position but we were wiped out after our stop-loss took us out of the trade.
My team entered $MIRM on 10/29/21 at $15.70 per share. Our first take profit is at $26.
Earnings are expected to be released on 11/3/21
Ego is a bitch. Lets get it.
OUR ENTRY: $15.70
FIRST TAKE PROFIT: $26
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$TLRY the og sniper*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: On 10/22/21 My team entered $TLRY at $11.56 per share. We still plan to take profit at $29 per share, but just for laughs we have added a new exit for $TLRY at $145 per share.
My team increased our position at $10.30 per share on 10/29/21.
Their next earnings report is expected to be released 11/8-11/12.
ENTRY: $11.56
TAKE PROFIT: $29.00
MEME STOCK ABSURDNESS: $145
If you want to see more, please like and follow us @SimplyShowMeTheMoney