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Week4

Week 4: Sector ETF Expectations I use sector ETFs in my IRA account. Currently, I hold XOP and XLF, and I wish I held XLE. I will try to buy XLP (Which shouldn't be a problem) next week. For Week 4, I'm expecting XLF to firm up and XOP to come in a bit. XLE would be kind to give me an entry point at prior resistance/ support, but we'll see. Oil looks darn strong at the moment. XLF (Held), hurt me Friday, but held support. XLE on fire XOP (Held), can it hang on and break through resistance?
AMEX:XLP
by SpartyPA28
Week 4, 2022: Market ExpectationsFor Week 4 I am expecting positive movement in the S&P 500, with not all sectors participating. I expect tech to have a dead cat bounce, maybe early in the week, especially when viewed on the equal weight QQQ. I believe it will be a bull trap before moving lower. The most bullish market, and that is used loosely, is the IWM. It looks like it could be forming a bottom, but it might need all winter to firm up. Time will tell Finally, Oil appears to be ready to break out to new highs again. I'm not saying it will be this week, but I wouldn't expect it to break too low this week. Maybe energy will rest for the week, but it might be a place to load up. S&P Equal Weight QQQ QQQ Equal Weight Small Caps Oil
SP:SPX
by SpartyPA28
GBPUSD, profitable week 4, how about week 5?GBPUSD moves as expected to week 3's analysis. The pair rise for the whole of week 4 and long traders get rewarded massively with the 200 over pips movement. The whole week should see no surprise for long traders and our analysis has been pointing towards to long movement for week 4. GBPUSD is expected to consolidate for a while in week 5, and bull to regain the movement perhaps in the second half of week 5. There is a clear trend now in GBPUSD and its good to follow it rather than against it. For week 5, it would be good to wait and see if a favorable price can present itself and take a long position for the longer term. I hope you can continue to make a great profit for week 5! If you have any thoughts on GBPUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
EURUSD, unexpected move in week 4, expected move for week 5In week 3, we expected the bear to tapered down and bull to regain a foothold for week 4. However, EURUSD makes another push below the level 3 bearish zone and reached a level 4 bearish zone in week 4. While that was unexpected, since we are looking at a reversal at level 3, such move does happen. EURUSD only went back to our outlook during Friday of week 4. A V-shaped rise cleared off four days worth of bearish move, giving a great indication the strength of the pending bullish trend. The analysis gave great confidence for the expected bull movement in week 5. For the coming week, the analysis points toward a strong rise of EURUSD, so we can look for entry to EURUSD for the coming week. So stay flexible and open-minded for week 5 and I hope you make a great profit! If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
USDJPY, boring week 4, exciting week 5USDJPY sees quite a boring week, consolidating for the whole week with a strong bear move on Friday. The move on friday completed the reversal double top pattern, it can also be seen as a triple top if you like to. It shows the exhaustion of the bullish move, which we expected in week 4. For anyone who long USDJPY, profit should be firm. With week 4's movement, it is leading us to see a drop in week 5, possibly for the whole week 5, we will see it continue its bearish move. I am looking forward to the move that it will make in week 5, with great comfort in the analysis of week 4's movement. Stay flexible and open-minded, and I hope you continue to make a great profit for week 5! If you have any thoughts on USDJPY's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
USDCHF, end of week 4, bear move in week 5!USDCHF made a long consolidation in week 4, pushing up another zone to bullish level 4. At level 4, we see a reversal double top pattern and finally, after a long wait, it started its bearish move and successfully moved to bearish level 1 zone in week 4, on Friday, before the market closes. I have been anticipating the short move and even entered short position in week 4. I did not expect it to break another level before making its way down. In the coming week 5, the analysis points towards a long bear move, which I supposed might last the whole of week 5. There is no saying of how long the trend will last, but I am confident of the bearish move in week 5. Not a complicated move in week 4 and lets look forward to the opening of the market! If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
USDCHF, strong bull in week 3, a change in week 4?USDCHF made a fake move in week 3, showing a double top look alike price pattern in the first half of the week. I personally entered long for this pair, which I profited from the move. It went on to push higher persistently, all the way to 3 identified bullish zone. It ended off the week with a seemingly double top. It's almost 75% complete, we just need the price to move down on the right to see a complete double top. From the analysis, I would be expecting the pair to be trading lower, for the bear to regain the trend and trade lower. For week 4, I am starting off with an expectation of bear trend in USDCHF. Stay flexible with an open mind and I hope you will continue to make good profits in week 4! If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
2
GBPUSD, surprises in week 3, expectations for week 4.GBPUSD, an interesting pair which exhibited a situation I known as a trend reset. In week 3, our analysis showed that GBPUSD would be heading for a drop, which it did, for the first half of the week. I was holding on to my short and eventually, the dip earned me about 14% increase on my overall equity. The unexpected bullish move came after the dip, it went all the way up and cleared the high of the week, creating a new high. This move sort of "stunned" me during the week and I did not enter any position after taking my profit. From the movement, it seems that a strong bullish force just took over, and I was waiting to see if a reversal pattern would be created and thereby dropping the price back down. It didn't, so I did not enter the short. I was in a short mindset for week 3, in the end still no other shorting opportunity, thus I waited for the rest of week 3. The trend reset that I identified would reset the level count and it is currently at bullish level 1, even though it seems like a double stop, but I doubt it is. If you would like to short, I propose to wait and see how the price moved for the first half of week 4 to have better clarity of the direction of EURUSD. I would be maintaining an overall long outlook as I identified the movement in week 3 as a trend reset, and is currently in level 1 bullish zone. If you have any thoughts on GBPUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
2
EURUSD, week 3's bear to week 4?EURUSD made a good drop in the whole week of week 3. Congrats to all traders who shorted this pair, its a good trade with very little consolidation in between and the movement is kind of expected as well. For week 3, I did not participate in the movement, even though our analysis in week 2 favored shorting for week 3. Looking at our week 3 analysis, it seems that the bearish movement is coming to an end. From the chart, we can see that it successfully broke the low of bearish level 2 zone. Which means all we need to do is to wait for a price pattern and reversal candlestick combination to enter long on EURUSD. Not a lot to debate about regarding the movement for EURUSD on week 3, I can only say that it made a lot of traders good profits as the move should be expected by most traders in the market. I hope all traders continue to make good profits in week 4! If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
USDJPY, will week 3's bulls continue to week 4?No surprises here on USDJPY's week 3 movement. It has gone up steadily, almost on a predictable basis, which is the kind of trade professional traders are looking for. The name of these kinds of trades might be known as boring, but it is the best, as it gives traders what they are looking for - Profit. USDJPY successfully broke the previous high in week 3, I am not too sure if how many other traders traded it, but anyone who long at any point of time would be able to extract some form of profit out of it. Our analysis on week 3 was for USDJPY to continue its upward which I am happy it did. However, I am not into USDJPY for week 3 as I am mainly focusing on GBPUSD and USDCHF. Since USDJPY broke the previous high, my take on it was now for USDJPY to fall instead of continuing rising, even though it looks fantastic to expect the bull trend to continue. Currently, the level count analysis still pointed USDJPY to continue upwards, however, my personal take was to see USDJPY exhaust its bullish trend and resume the downward movement. So for week 4, USDJPY will continue to be the least possible pair for me to long, I will consider a short position for week 4, depending on the price movement. Stay flexible and open-minded, I hope you will make an awesome profit for week 4! If you have any thoughts on USDJPY's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi