AUDUSDBullish pair.
Depending on what next week holds we could see a push to test previous highs or a pull back.
Takeprofit
GBPJPYDepending on next week's events, we could see either direction but to eye this pair is bullish.
UK100!painting the current picture on FTSE as a wedge , so far sticking to bottom trend line but a break is possible.
If trendline holds, back up to test the higher trend line before continuation of bearish momentum.
Let's try this againWill the price fall?
originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
First target in DXY Done ✅First target in our last DXY analysis done ✅. Now in the second position we should move our SL to BE (risk free). And let the market play.
EURJPY long chance EURJPY is retesting a broken down trend and hence a rising movement is expected.
Buy @ 120.255
TP1: 121.00
TP2: 122.70
SL: 119.00
LATE IMPACT OF CRISIS ON LUXURY GIANT - HERMES - RMS - 30MNThe large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance.
The price have then been ranging horizontally, after having broken this large uptrend line.
Now it is time to consider the probability of seeing the market price fall a bit.
The break of the lower part of the rectangles will validate that probability.
In the other side, two natural upper resistance formed by the top of the two squares. Probability of pullback down from those points.
Any break of the square up or down will be a nice entry point.
Time to take profits for investor to reduce exposition and come back stronger after the probable share price fall.
AMD in take profits modeAMD completed Pattern and now in take profit mode.. $45 area lines up with perfect 618 fib take profit.. line drawn as B point is 50 retrace and that will be support then catalyst to the target.. very high probability $45 before taking out recent highs..looking to start a position at $45 rather than shorting to there right now.. good luck trading friends..
USDJPY in the middle of the descending triangle!The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle.
We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
GBPUSD following the down trend channel!Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion.
It actually following a down trend channel, completing two bounce and reaching the third one.
We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
NZDCAD H4 - Long SetupNZDCAD H4 - Pushing resistance, now, looking to see a rejection and selloff back downside. This has always been a better setup to buy from support, rather than to sell from resistance. Purely because it's bullish consolidation and the wick zone is clearer from support than resistance.
SILVERLets Not Complicate It!
A test of 15.898 would suggest silver is still bullish and looking to bullish.
A break of this level could indicate further bearish movement especially if 15.78350 is broken and holds.
Just advice trade at your own risk!
AUDUSDBearish: break below 0.69840 would confirm bearish pair.
Bullish: Break above 0.69200 would confirm bullish pair.
Just education and advice.
Trade at your own risk!
GBPUSD will collapse again?Two massive bounces and for the third time the price goes up, reaching the top end of the Bollinger bands.
High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
AUDJPY up to the main resistanceThe market is definitely in uptrend, reaching the resistance at 76.467
We expect a short taking our profit at 74.620 (33% Fibonacci, or a TP2 at 73.124, 66% Fibonacci, if the price breakout the support ).
In a situation where the price could bounce on the main trendline, get ready for a long.
Let me know if you like our idea and feel free to reply in the comments with your opinion!
Enjoy Traders!
ABT labs take profit mode Completed BUTTERFLYABT Labs strong stock. immediate reversal off completed Butterfly on Daily.. take profit targets the green fibs should see support.
EURAUD reaching the last Elliot's waveAfter a rigid collapse, we finally got a double bottom figure that it seemed to confirm a market reversal.
A new uptrend is following now four clear Elliot's waves.
We expect that the price will push up to the target, the increasing of the volume and the market's movement in a weak zone could be a clear confirmation.
Let us know if you like our opinion, leave a comment if you have a different idea!
GMPinvestors
L H HL HH LH LL S R SL TPsupport S
resistence R
high H
low L
higher low HL
Higher hi HH
Lower low LL
Lower Hi LH
Stop loss SL
Take Profit TP
The Future of BoeingA friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year.
Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the trade.
If you are extremely gung-ho on this, then $320 will be good.
