Wise Forex & Stocks
π BRENT oil π Brent reached short zone, but right now look very bullish. Suggest to wait for this 4 hour candle to close. If it make bullish engulfing (cover body of previous candle), then better cancel trade. Close with minimum profit. If something bullishβ¦
SP500 closed 4H candle at 26.4. So short trade setup stay valid π Move stop to 27.15 - we are already in profit π€
Wise Forex & Stocks
DXY - dollar index. Very useful chart to track economy changes. This one is week timeframe. @WiseForex #DXY
DXY at 99 support. If dump from here, will drop to 96.5. Something is happening around global market.
@WiseForex #DXY
@WiseForex #DXY
π BRENT oil π
Always wait for candle to close before making a judgement. We hold our short, and were right. You may move stop above 26.6. Its definitely going down to our first target 24.5. Expecting ~9.5% profit at least from that swing. Leave some for lower target at $23, as it may also get there, although OPEC agreement may change the bearishness of oil, COVID is still there... No on knows what is stronger - agreement or lack of fuel use.
π Support 24.5 / 23 / 21.3 / 19.5
π― Resistance 26 - 27.2 - 28.28 - 30
Edite: adding link to TradingView
@WiseForex #Brent #UKOil
Always wait for candle to close before making a judgement. We hold our short, and were right. You may move stop above 26.6. Its definitely going down to our first target 24.5. Expecting ~9.5% profit at least from that swing. Leave some for lower target at $23, as it may also get there, although OPEC agreement may change the bearishness of oil, COVID is still there... No on knows what is stronger - agreement or lack of fuel use.
π Support 24.5 / 23 / 21.3 / 19.5
π― Resistance 26 - 27.2 - 28.28 - 30
Edite: adding link to TradingView
@WiseForex #Brent #UKOil
π GBP / USD π
Nice situation here. First trade long from 1.2420 to 1.2477 for 60 pips. Stop below 1.2405. If stop triggered, flip into short and go for 60 pips in opposite direction π
π Support 1.2342 / 1.2297
π― Resistance 1.2477 / 1.2514
@WiseForex #GBP #USD
Nice situation here. First trade long from 1.2420 to 1.2477 for 60 pips. Stop below 1.2405. If stop triggered, flip into short and go for 60 pips in opposite direction π
π Support 1.2342 / 1.2297
π― Resistance 1.2477 / 1.2514
@WiseForex #GBP #USD
Wise Forex & Stocks
π GBP / USD π Nice situation here. First trade long from 1.2420 to 1.2477 for 60 pips. Stop below 1.2405. If stop triggered, flip into short and go for 60 pips in opposite direction π π Support 1.2342 / 1.2297 π― Resistance 1.2477 / 1.2514 @WiseForexβ¦
π GBP / USD π
Long target reached β hit 1.24839
π Support 1.2342 / 1.2297
π― Resistance 1.2477 / 1.2514
@WiseForex #GBP #USD
Long target reached β hit 1.24839
π Support 1.2342 / 1.2297
π― Resistance 1.2477 / 1.2514
@WiseForex #GBP #USD
Wise Forex & Stocks
π BRENT oil π Always wait for candle to close before making a judgement. We hold our short, and were right. You may move stop above 26.6. Its definitely going down to our first target 24.5. Expecting ~9.5% profit at least from that swing. Leave some for lowerβ¦
π BRENT oil π
Good we moved stop to 26.6. Direction changed and from second attempt price broken 27 resistance. OPEC deal worked. Targeting 30$ now. This chart is les clear now, so I will stay away from further deals here. Might be a nice short spot at 30$, but too risky.
π Support 24.5 / 23 / 21.3 / 19.5
π― Resistance 26 - 27.2 - 28.28 - 30
@WiseForex #Brent #UKOil (TradingView)
Good we moved stop to 26.6. Direction changed and from second attempt price broken 27 resistance. OPEC deal worked. Targeting 30$ now. This chart is les clear now, so I will stay away from further deals here. Might be a nice short spot at 30$, but too risky.
π Support 24.5 / 23 / 21.3 / 19.5
π― Resistance 26 - 27.2 - 28.28 - 30
@WiseForex #Brent #UKOil (TradingView)
π Euro / U.S. Dollar π
EURO bearish. Looking for short from 1.087 down to 1.0806 and 1.077. Then long from green support back up.
Support 1.0777 / 1.0806 / 1.0823
Resistance 1.0870 / 1.0899 / 1.0935
@WiseForex #EURUSD #EUR #USD
EURO bearish. Looking for short from 1.087 down to 1.0806 and 1.077. Then long from green support back up.
Support 1.0777 / 1.0806 / 1.0823
Resistance 1.0870 / 1.0899 / 1.0935
@WiseForex #EURUSD #EUR #USD
π EUR / GBP π
Going to test that support level again. Wait for next two candles. Possible price will wick down to 0.8671 or bounce higher. Expecting it to bounce and test 0.8731 at least. Big picture leaves space for breakout above that nearest resistance as well.
π Support 0.8697 / 0.8671
π― Resistance 0.8731 / 0.8789
@WiseForex #GBP #EUR #EURGBP
Going to test that support level again. Wait for next two candles. Possible price will wick down to 0.8671 or bounce higher. Expecting it to bounce and test 0.8731 at least. Big picture leaves space for breakout above that nearest resistance as well.
π Support 0.8697 / 0.8671
π― Resistance 0.8731 / 0.8789
@WiseForex #GBP #EUR #EURGBP
Wise Forex & Stocks
π GOLD / USD π Possible bounce from this support zone. Might drop a little lower to 1645. Target 1700 resistance. Resistance 1700 - 1720 - 1740 β
Support 1675 - 1645 - 1628 @WiseForex #XAUUSD #Gold #XAU
π GOLD / USD π
Bounced and target hit β 1.5% profit. Now risky to enter due to previous doji candle, although most probably will fall to 1686.
Resistance 1700 - 1713 - 1720 - 1740
Support 1685 - 1675 - 1664 - 1645
@WiseForex #XAUUSD #Gold #XAU
Bounced and target hit β 1.5% profit. Now risky to enter due to previous doji candle, although most probably will fall to 1686.
Resistance 1700 - 1713 - 1720 - 1740
Support 1685 - 1675 - 1664 - 1645
@WiseForex #XAUUSD #Gold #XAU
Wise Forex & Stocks
π S&P 500 Index π Ok, so we shorted at 2950 - 3000 zone and hopefully you are holding till lower support zones. Don't forget to flip there and open long π April 30th post: If you can afford yourself to hold longer, target 2800-2815 for more profit. Lastβ¦
π S&P 500 Index π
From our short at 2950 - 3000 index hit target at 2800 and almost touched next support at 2775. Hope you flipped into long, as advised. Your first target now is 2890 resistance. Second would be 2950.
April 30th post: If you can afford yourself to hold longer, target 2800-2815 for more profit.
Last post: Might test 2950 - 3000 zone, but will short there again. New targets below.
π Support 2815 - 2775 - 2710 - 2666
π― Resistance 2890 - 2950 - 2990 - 3080
@WiseForex #SP500
From our short at 2950 - 3000 index hit target at 2800 and almost touched next support at 2775. Hope you flipped into long, as advised. Your first target now is 2890 resistance. Second would be 2950.
April 30th post: If you can afford yourself to hold longer, target 2800-2815 for more profit.
Last post: Might test 2950 - 3000 zone, but will short there again. New targets below.
π Support 2815 - 2775 - 2710 - 2666
π― Resistance 2890 - 2950 - 2990 - 3080
@WiseForex #SP500
Wise Forex & Stocks
π S&P 500 Index π From our short at 2950 - 3000 index hit target at 2800 and almost touched next support at 2775. Hope you flipped into long, as advised. Your first target now is 2890 resistance. Second would be 2950. April 30th post: If you can affordβ¦
π S&P 500 Index π
First test of 2890 was rejected. Now second attempt. I've sold full position yesterday, and now enter with half amount for breakeven. Target 2940-2950. Risky move. Have stop or sell at 2885 if moves down to 2880.
April 30th post: If you can afford yourself to hold longer, target 2800-2815 for more profit.
Last post: Might test 2950 - 3000 zone, but will short there again. New targets below.
π Support 2815 - 2775 - 2710 - 2666
π― Resistance 2890 - 2950 - 2990 - 3080
@WiseForex #SP500
First test of 2890 was rejected. Now second attempt. I've sold full position yesterday, and now enter with half amount for breakeven. Target 2940-2950. Risky move. Have stop or sell at 2885 if moves down to 2880.
April 30th post: If you can afford yourself to hold longer, target 2800-2815 for more profit.
Last post: Might test 2950 - 3000 zone, but will short there again. New targets below.
π Support 2815 - 2775 - 2710 - 2666
π― Resistance 2890 - 2950 - 2990 - 3080
@WiseForex #SP500
Wise Forex & Stocks
π Euro / U.S. Dollar π EURO bearish. Looking for short from 1.087 down to 1.0806 and 1.077. Then long from green support back up. Support 1.0777 / 1.0806 / 1.0823 Resistance 1.0870 / 1.0899 / 1.0935 @WiseForex #EURUSD #EUR #USD
π Euro / U.S. Dollar π
As expected EURO/USD made wick up, took our short order and went down to the second target zone. Move is not over, zone haven't bounced yet. Wait with long order. Sure it will drop down lower below green price mark price. But trade setup stay valid π
So far profit 88 pips π€
Support 1.0777 / 1.0755 / 1.0727
Resistance 1.0840 / 1.0870 / 1.0899
@WiseForex #EURUSD #EUR #USD
As expected EURO/USD made wick up, took our short order and went down to the second target zone. Move is not over, zone haven't bounced yet. Wait with long order. Sure it will drop down lower below green price mark price. But trade setup stay valid π
So far profit 88 pips π€
Support 1.0777 / 1.0755 / 1.0727
Resistance 1.0840 / 1.0870 / 1.0899
@WiseForex #EURUSD #EUR #USD
π EUR / GBP π
Perfect trade setup. Bounced and so far, as I expected as well, growing above 0.8731 resistance. Candle not closed yet, so I won't predict if it will grow higher. So far look bullish, but if close doji, can pullback as I drawn yesterday back to 0.8966 (although it already wicked there before). Otherwise next target 0.8755.
So far profit up to 49 pips π
Last post: Going to test that support level again. Wait for next two candles. Possible price will wick down to 0.8671 or bounce higher. Expecting it to bounce and test 0.8731 at least. Big picture leaves space for breakout above that nearest resistance as well.
π Support 0.8715 / 0.8697 / 0.8671
π― Resistance 0.8731 / 0.8755 / 0.8775 / 0.8789
@WiseForex #GBP #EUR #EURGBP
Perfect trade setup. Bounced and so far, as I expected as well, growing above 0.8731 resistance. Candle not closed yet, so I won't predict if it will grow higher. So far look bullish, but if close doji, can pullback as I drawn yesterday back to 0.8966 (although it already wicked there before). Otherwise next target 0.8755.
So far profit up to 49 pips π
Last post: Going to test that support level again. Wait for next two candles. Possible price will wick down to 0.8671 or bounce higher. Expecting it to bounce and test 0.8731 at least. Big picture leaves space for breakout above that nearest resistance as well.
π Support 0.8715 / 0.8697 / 0.8671
π― Resistance 0.8731 / 0.8755 / 0.8775 / 0.8789
@WiseForex #GBP #EUR #EURGBP
π GBP / JPY π
Britain is in deep shit with its Coronavirus statistics comparing to Japan. Its a bit late to short it, as it gives bad risk reward.
At week chart it is pretty clear that support zone at ~129.2 posses high potential for bounce. Better wait for confirmation of reversal. Zone around 130.43 also act as support, but might turn out to be too weak. So again, better wait for reversal signs. No blind trade here yet.
π Support 130.43 / 129.26 / 126.55 / 124.69
π― Resistance 131.23 / 131.91 / 133.54
@WiseForex #GBP #JPY #GBPJPY
Britain is in deep shit with its Coronavirus statistics comparing to Japan. Its a bit late to short it, as it gives bad risk reward.
At week chart it is pretty clear that support zone at ~129.2 posses high potential for bounce. Better wait for confirmation of reversal. Zone around 130.43 also act as support, but might turn out to be too weak. So again, better wait for reversal signs. No blind trade here yet.
π Support 130.43 / 129.26 / 126.55 / 124.69
π― Resistance 131.23 / 131.91 / 133.54
@WiseForex #GBP #JPY #GBPJPY