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10/06/21 10:53
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Posts
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By DominicWalsh · Posted
#USDJPY: Key Levels to Watch This WeekHere is my latest structure analysis for USDJPY.Resistance 1: 132.46 - 133.25 areaResistance 2: 135.0 - 135.8 areaResistance 3: 137.36 - 137.9 areaSupport 1: 129.64 - 130.7 areaSupport 2: 128.09 - 128.7 areaSupport 3: 127.2 - 127.8 areaConsider these structures for pullback/breakout trading. -
By DominicWalsh · Posted
Gold (#XAUUSD): 2 Scenarios For This Week Explained⚠️Gold closed this week, approaching a solid daily resistance.Depending on the reaction of the price to that structure, I see 2 potential scenarios for next week.Bullish ScenarioIf the price breaks and closes above 2010 resistance on a daily,a bullish continuation will be expected to 2060 level.Bearish ScenarioThe price may respect the underlined resistance.1917 - 1940 is the closest strong support.If the price drops and closes below that area,a bearish continuation will be expected to 1891.Wait for a breakout and then follow the market.For Additional confirmation use: ROC Indicator -
By tradinglounge · Posted
Pinduoduo Inc., Elliott Wave Technical Analysis Pinduoduo Inc., (PDD:NASDAQ): Daily Chart, 27 March 23, PDD Stock Market Analysis: We can identify a clear three wave move to the downside into what could be wave 2. In addition to that, there seems to be a complete five wave pattern within wave {c}. PDD Elliott Wave Count: Wave (v) of {c}. PDD Technical Indicators: 200EMa as support. PDD Trading Strategy: Looking for upside confirmation. TradingLounge Analyst: Alessio Barretta Pinduoduo Inc., PDD: 4-hour Chart, 27 March 23, Pinduoduo Inc., Elliott Wave Technical Analysis PDD Stock Market Analysis: We are looking at a potential bottom in place as we have passed equality of {c} vs. {a}. PDD Elliott Wave count: Wave (v) of {c}. PDD Technical Indicators: Below all averages with RSI bullish divergence. PDD Trading Strategy: Looking for shorts as long as we stay below the 20EMA.
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