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Harmonic pattern in UK100 #SWINGTRADER # #FOREX #markets #financialmarkets #investing #invest #options https://ift.tt/37Ze4Rm

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An interesting swing trading opportunity found in AUDCAD: AUDCAD was rejected last week by a daily downtrend line (red dashed line). AUDCAD was pushed back towards the 0.89 Price Zone (blue) and bounced back up...showing the the Buyers are still protecting this Support Zone. The combination of the Support Zone (blue) and the downtrend line (red) form some sort of a Triangle pattern that provides a potential setup for swing traders. Bullish Scenarios: 1) A close above 0.9 will signal strength - In this scenario AUDCAD will overcome 2 daily MA lines, a daily downtrend line and a round psychological level (0.9) You can try and trade this breakout with a 50-75 pips wide stop loss 2) If today we will get a close near the daily highs, AUDCAD will form a daily Pinbar pattern after bouncing from support. The Pinbar pattern is a potential reversal pattern that is triggered if we see a close above the Pinbar's high in the following candle (in our case that means tomorrow). According to Price Action rules, in order to trade the Pinbar you need to place your stop loss below the Pinbar's low (below 0.891) Bearish scenario: A failure to break resistance and close above 0.9 can send AUDCAD back down to test the 0.89 Support Zone. 1) If you are bearish, you can try and short AUDCAD when it hits the Resistance Zone (0.897-0.9) with stop loss slightly above 0.92 2) Wait for AUDCAD to break below 0.89 and only then seek bearish opportunities that will allow you to trade the breakdown This setup is one of few trading ideas shared today with my Telegram group. If you wish to join us, comment below Have a great trading week! #Forex #SwingTrading #Dollar #Trader #TechnicalAnalysis https://ift.tt/2oxhQkr
SPX analysis: During the last two week we saw increased volatility in global stock markets. The VIX spiked twice towards the 20 handle, as news on potential Trump impeachment, weak economic data and the U.S-China trade war rattled investors confidence in the Fed. However... despite all that, the S&P500 has managed to stay above support. As you can see in this weekly chart, the Bears tried to push SPX below 2925-2955 (Weekly Support Zone) twice.... and failed. Although SPX price was rejected by the 3000 zone last Friday, its price did manage to get a weekly close above 2955 and therefore, despite the spike in the VIX, the short term outlook for U.S stocks stays positive for now. Things will turn to neutral/negative if SPX will close below 2920. *Remember, when you feel like you can't understand the price action in lower time frames, take a broader look that will give you a better understanding of the markets. #Forex #Stocks #PriceAction #Trading #Investing #TechnicalAnalysis https://ift.tt/2nEVLzM
A potential Support Zone in GBPNZD: GBPNZD is approaching an interesting Support Zone after creating a Double Top near 2.0. The potential Support Zone is around the level 1.92. As you can see in the daily chart this Support Zone includes: 1) The 50 days MA line 2) The 200 days MA line 3) A weekly uptrend line In order to find a proper level to place the stop loss, I've marked another weekly uptrend line by connecting the spikes. That means, that if you want to try and trade the potential Support Zone near 1.92, you'll need to place your stop loss a little below 1.9. That's a pretty wide stop loss, with the first target zone being 1.96 (for the swing trade), you still get a 1:2 R/R If you want to use a tighter stop loss, try to zoom into lower time frames and find patterns or support levels that can be used to position your stop loss. #SwingTrading #Forex #Trader #TechnicalAnalysis https://ift.tt/2p0EKQW
Successful AUDUSD setup that was shared here earlier this week Have a plan.... trade your plan #Forex #Trading #Success #Trader #TechnicalAnalysis https://ift.tt/2nfpLCd

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In my previous analysis, I mentioned the importance of the 2925-2955 support zone in SPX... We see it today with the strength of the breakdown. Next Support Zone isn't that far below - 2840-2860 with focus on the 200 days MA line. #Stocks #Trading #TechnicalAnalysis https://ift.tt/2owr680
Twitter (TWTR) is already down by more than 10% since hitting the PRZ of the bearish Bat that I shared with you, here on this page. The price is about to hit the first target zone and also a weekly Support Zone that includes: 1) The Fast MA line (Yellow) 2) A weekly uptrend line 3) Round psychological level - 40$ Will it stop there? Or will we see it slicing through this support zone and continue lower to the secondary target zone, which is near 36$ Bulls can look for buying opportunities if the price will stop sliding and stabilize above 40$ Bears that shorted TWTR when it was near 45$, consider protecting/collecting your profits #Trading #Stocks #HarmonicTrading #Trader #Investing https://ift.tt/2ouU33U
A trade idea that I shared with my Telegram Group - Going long AUDUSD: We are looking at a potential bottom slightly below 0.67. The chart shows that AUDUSD is now testing this potential Support Zone for the fourth time. We also have a bottom of a falling channel that can provide additional support. The entry trigger (for us) is a close above 0.67. If you want to join my Telegram group and have more swing trading ideas, leave a comment below #Forex #Trading #Trader #TechnicalAnalysis https://ift.tt/2nvOgeu
Two Harmonic Trading Scenarios in USDCAD: USDCAD is trading between support (1.322-1.323) and resistance (1.328-1.33). Short term traders should probably focus on this range. Swing traders can focus on the two trading scenarios that may develop if USDCAD will break out of this range: 1) Bullish scenario - If USDCAD will break and close above the 200 days MA line, it will probably continue higher to complete a bearish Gartley (Blue) near 1.345 2) Bearish scenario - If USDCAD will fail to hold above the 1.32 support and break lower, it will probably continue towards the completion of a bullish Gartley (Yellow) near 1.31 #Forex #Harmonics #HarmonicTrading #Gartley #USD #DOLLAR https://ift.tt/2otEXvA
S&P futures are slightly up this morning as the markets continue to focus on the U.S-China Trade War tweets and news. The key Technical Element to focus on today is the Fast Moving Average Line (18 SMA line, in Yellow). Currently, it is being tested as potential resistance. The two scenarios that are shown in the chart are: 1) SPX climbs back above the MA line, closing above 3000 again and continues higher (erasing the early week panic). 2) SPX fails to climb above the MA line and pushed back towards the weekly support zone 2925-2955 If you are bearish, you should focus on that MA (immediate resistance) and try to identify and use weakness signals to time your bearish entries. In today's economic events we have Core Durable Goods Orders and Personal Spending. Enjoy the weekend everyone! #Stocks #TechnicalAnalysis #Futures #Trading https://ift.tt/2lEuPPK

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DXY (Dollar Index) continues to move inside its daily rising channel. The Dollar is about to hit a major weekly Resistance Zone - 99.5-100 If you are looking for counter Dollar trades, wait to see DXY touching that Resistance Zone, reacting to it, and once you'll recognize the turn - act. As always, if you are taking a counter-trend trade, use the necessary precautious and manage your risks. #FOREX #Trading #TechnicalAnalysis #EURUSD https://ift.tt/2mDdS8z
Pay close attention to Crude Oil: Oil is about to test support near 55-56$ #Trading #Investing #TechnicalAnalysis #Stocks #Forex https://ift.tt/2mtkzK6
The S&P500 is down today and it is approaching the 2950 support zone (2925-2955). As long as the price stays above 2925-2955, it presents some buying opportunities (Buy The Dip). However, a close below 2920 will generate another false breakout signal and can be devastating for the U.S stocks markets. #Stocks #TechnicalAnalysis #Trading #Investing #Volatility https://ift.tt/2mQhwvE
Three reasons why you want to monitor NZDUSD next week: 1) NZDUSD is inside the PRZ of a weekly Bat pattern 2) NZDUSD is still inside the PRZ of a daily Butterfly pattern 3) NZDUSD is about to re-test weekly support (double bottom) The key Price Zone right now is 0.62-0.625. A bullish reversal inside this potential Support Zone can create some interesting swing trading opportunities. The trigger for such reversal can come from the RBNZ rate decision next week (check your local time on Forex Factory). RBNZ is expected to keep rates As-Is. That can boost the NZD currency... at least for the short term. A rate cut, on the other hand, can send the NZD currency even lower and break those weekly patterns. Have a great trading week! #Forex #Trading #NZDUSD #TechnicalAnalysis #HarmonicTrading https://ift.tt/34X08Hr
EURUSD analysis: During the last two weeks, we see a strong battle between the Bulls and the Bears over the bottom of the Falling Wedge pattern. EURUSD is down today, testing the bottom of that Wedge. My focus is on the Triangle pattern I marked on my chart with red and green lines - The direction of the breakout will probably determine the future direction of EURUSD. Those who seek for Bullish entries should focus on the 1.1-1.105 zone and try to find intra-day reversal patterns that will allow them to buy EURUSD with a relatively tight stop loss Those who want to sell EURUSD should either wait for the breakdown of the Wedge that can potentially lead EURUSD towards 1.08 Have a great weekend everyone! #Forex #Dollar #EURUSD #Trading #Trader #TechincalAnalysis https://ift.tt/34X0Moe

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An interesting harmonic setup for $HD : Home Depot (HD) completed a bearish harmonic trading pattern near 235$ The pattern that you can see in the chart is a bearish Butterfly pattern. As you can see, some aggressive sellers already stepped in, sold the PRZ and stopped the price from climbing even higher. This bearish, counter-trend setup offers good R/R as you need to risk approx 2.5% to make almost 6% (to reach first target zone) The market is still strong, the sentiment is still bullish - So, if you intend to try and trade this setup, use the necessary precautions and manage your risks. #Forex #Stocks #Trading #Harmonics #Trader #HarmonicTrading https://ift.tt/2NppA2M
German DAX analysis (weekly chart): The Bulls won the fight over the 11,500-11,700 Price Zone (the 200 and 50 weeks MA lines) and pushed the price back above 12,000. Based on Harmonics Analysis, there are two potential patterns to monitor now: 1) Bearish Gartley with PRZ (Potential Reversal Zone) near 13,000 2) Bearish Butterfly with a PRZ slightly above 14,000. Basically, it depends on where you position you X point (see X1 and X2 in the chart) *Notice that there's a weekly Structure Zone near 12,600 that can also generate some resistance. Have a successful trading week! #Stocks #Investing #Trading #TechnicalAnalysis #HarmonicTrading https://ift.tt/309uKpC