GBP/CHF – Week 23 – “Eternal” sidewaysOur latest update for this pair was in the middle of May, 4 weeks ago. Since then, the pair moved in the same trading range that was moving back then. Now on the 4h time-frame it is reaching the support area again and we must decide what will happen next. Will it break this range and continue to the downside or go to the resistance area once again? The higher probability move is a continuation to the downside but…. To be continued…
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
CFD
Anyone else in Netflix sells 😉 🙌Been in this netflix trade a few days now.
Do we think it'll continue down to the TP line?
No one knows that for sure!
Trade details are shown on the chart.
We're only looking for TP3.
It's been close already! But we stick to the back tested proven objective plan.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
NASDAQ ANALYSISNasdaq broke major uptrendline
Price is trading now in bullish corrective Elliot wave 4
Price is based below resistance level at 13405
Below SMA 100
MACD shows weakness in bullish momentum
It's expected forming bearish Elliot wave 5 to target first HVN at level 12975 then support level at 12675
GBP/JPY – Week 19 – Short term sellIn our last analysis update for this pair, GBPJPY behaved exactly as we forecasted, it touched the minor support marked on the chart and then went to the upside reaching 154,450 yesterday. Now, for this pair we are seeing a minor correction occurring at this level with the price falling to the minor support or deeper to the blue trendline marked on the chart before going up again. We don’t exclude the possibility of a rise in price without this correction happening here, because the main trend is up, so we advise caution.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD – Week 19 – Correction and upsideGBPNZD started an up move last Friday and broke out of the sideways structure. For this pair we can see a retracement to the newly formed support zone at 1,95000 and then a continuation to the upside. The higher probability move is to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/CHF– Week 19 – Consolidating below the resistanceGBPCHF stayed for nearly one month in the range created by the resistance area at 1,28100 and the support at 1,25800. In the last days we had a bounce from the support area that reached the resistance and it looks like it is consolidating below it. Judging by the price action at this moment we give a higher probability for the price to break out of the trading range to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/JPY - Week 18 - Up move nextWe think this pair will make an up move at this point and we believe the potential target price of 153.400 as the place where it will go. Before that move, the price may retrace to the blue trend-line marked on the chart or at the minor support of 150.900.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Gold is about to go high again !After breaking a resistance area, that area became a support for the chart and after that the chart got stuck into a rectangle form range market.
Today it has broken the top of that rectangle and it is probable that it will go high as the width of the rectangle.The best are for long position is on the the top of the rectangle with regarding that an ascending trend line will support our chart to continue its uptrend.But remember that Gold is extremely volatile and news and other fundamental factors can be really effective on Gold's trends. So make sure that you use Stop losses for your trades.
GBP/CHF – Week 18 – Support area decisionFor this pair we expect a down move with a higher probability than an up move. We think it will at least reach the support area marked on the chart at 1.258. When the price will reach that area, we must study the market structure to decide the next market move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD – Week 18 – Trapped between 2 areasAs we can see from the chart, this pair is moving in a trading range between the support zone at 1.91000 and the resistance at 1.95000. We are currently giving a higher probability for a breakout to the downside and continuation than reaching the resistance area. However, if the price reaches the resistance area and consolidates there that means that the prices will go higher. We advise caution on this one.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.