Antonio_trader

Antonio_trader

I couldn't ignore the recent troubling news from the East and had to publish this post. Escalating military aggression in Ukraine and realistic fears of an all out open war are becoming more prominent with each day. War means markets will tank and right now the major S&P500 index is showing that. On the technical side a head and shoulders pattern on a weekly chart...

Antonio_trader

The daily chart shows the EURUSD pair testing resistance zone with multiple confirmations. Now as the current daily candle is a doji at the time of writing, showing massive indecision and consolidation. 2 options for the next move: Wait for a proper break of the resistance and add more longs to target higher levels. Another is to see if we get a pullback and see...

Antonio_trader

The daily chart shows we have a potential H&S pattern forming at the moment. Since the fall of this pair in 2020, we were in a rising channel and now faced strong resistance at the 0.80 level. 2 ways to trade: if it turns into a H&S pattern and breaks the neckline, we can short it to 0.74 as 1st target. Or wait for the break of 0.80 to buy again. Currently is it...

Antonio_trader

Ford is becoming more aggressive in its competition with Tesla. With a $50 billion market cap and expected high sales, many banks and hedge funds shifted attention to Ford, seeing this stock much higher than the current price. On the technical side we are approaching a strong resistance level, so expecting a consolidation at least with potential pullback before...

Antonio_trader

Price formed a rising wedge here and now at the consolidation area between two zones. Considering recent stimulus ($1.9 trillion) approval in USA, which is supposed to be signed by Biden this week, markets are hopeful and bullish. A break of the resistance area and the wedge, preferably with a candle close above 3940, is a good buy signal to continue to target...

Antonio_trader

Price formed a nice patter after the recent sell-off. Looks like the buybacks are kicking in soon. Early entry possible, but more confirmation on the break of the neckline at 3900 levels. Once price breaks higher, target the next resistance level. Good Luck and Stay Healthy!

Antonio_trader

Price formed a head and shoulders pattern. While there is little divergence, recent trend and fundamentals point towards the continuation of an uptrend for EURSD. Once the neckline breaks and closes above it, higher target levels will be opened. Good Luck and Stay Healthy!

Antonio_trader

Price reaching the main consolidation area near 0.86. GBP strength expected to continue this year as Brexit concerns are over and GBP returns to pre-Brexit levels. High probability that EURGBP will end the year much lower, so this could be a great long-term trade with intraday days in between. Good Lick and Stay Healthy!

Antonio_trader

Price went back up after a strong bounce as investors pile in on the buy-back. Now at a strong zone, formed a symmetrical triangle. So far bullish news regarding economic recovery and more retail traders on the bull train, probability of an upside break is high. We can target higher resistance zone. If we have a break to the downside, it will be tougher to confirm...

Antonio_trader

Price confirmed the uptrend line with a 3rd touch. Break lower through the support zone gives a sell target to the lower support level. A buying opportunity is we make new highs instead. Good Luck and Stay Healthy!

Antonio_trader

Break of the uptrend line was strong with a good impulsive candle. Now at critical support near 6600 level. 200SMA is also at support. An impulsive break lower could signal momentum to get us to 6500 target. Risk-off this morning across the board. Some of it on news as China's surging COVID-19 cases trigger clampdowns. Good Luck and Stay Healthy!

Antonio_trader

AMZN is ready it seems to break the triangle. Once price breaks the red resistance zone, time to add more longs! Good Luck and Stay Healhty!

Antonio_trader

Price reached and strong daily chart resistance near 1.38. A break above would indicate probable target levels at 1.40 and the potential to continue higher. The end of uncertainty with Brexit seems to have put more faith in GBP. Good Luck and Stay Healthy!

Antonio_trader

WTI looks like it is exhausting on the retest of the uptrend line. 4H chart shows a triple top with RSI divergence. Break of the neckline gives a target at the lower support level and 200SMA creeping up to it. While longer-term, oil is still looks bullish, it could be a good opportunity to make money on the pullback before buying again. Good Luck and Stay Healthy!

Antonio_trader

The price of Daimler stock is consolidating below the key resistance level of 60. S break to the upside and close of a daily candle opens potential to retest the massive uptrend line, broken in 2018. Strong support below the current price action: 200SMA, support zone and an uptrend line from the low of the pandemic 2020. Recent developments in Daimler and massive...

Antonio_trader

A falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level. Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic. Please support...

Antonio_trader

Price is now at a strong support level, good for looking at reversals to the upside on smaller time frames. If the level holds and forms a pattern, it is an easy buy. Good Luck and Stay Healthy!

Antonio_trader

American Airline (AAL) has taken a major hit due to the COVID-19 pandemic in 2020, as have all the other airlines, which has subsequently destroyed the demand for air travel as people were forced into lockdown. AAL stock went from $29.32 high in February down to $8.23 low in May. Since then, the price has been fluctuating, bouncing up only slightly to the current...