Weekly Trades Summary November 13th 2020

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Weekly Trades Summary November 13th 2020

Hi Traders! Weekly Trades Summary November 13th 2020 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find the short explanation of all the trade setups we had in this week and how it has currently developed now.

First, we will see the trade ideas that I shared in my blog:

Trading Ideas (Blog Posts)

Silver – My idea here was “On the H1 chart we had a bearish divergence that has formed between the first high that has formed at 25.458 and the second high that has formed at 25.994 based on the MACD indicator which we may consider as evidence of bearish pressure. The price then moved lower after that and currently it looks like a pullback is happening. We also have a bearish hidden divergence that has formed between the first high that has formed at 25.994 and the second high that has formed at 24.404 based on the MACD indicator which we may consider as another evidence of bearish pressure. Also based on the Heikin Ashi candles we can see that currently, we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment. So based on all this my view remains bearish here and I expect the price to continue lower further”.

Weekly Trades Summary November 13th 2020Current Scenario – In Silver the price is currently going flat, there is no momentum, so my current view on Silver is neutral.

Weekly Trades Summary November 13th 2020

 

 

EURJPY – My idea here was “On the H1 chart the price which was moving higher has created a bullish trend pattern in the form of three higher highs, higher lows, which we may consider as evidence of bullish pressure. Generally, after a bullish trend pattern, we may expect corrections and then potential continuation higher. Currently it looks like a correction is happening, once this correction completes itself we may then expect the price to continue higher further. Also based on the Stochastic Oscillator we could see that the price has reached its extreme. In addition to this we had a strong resistance zone and the price which was moving higher has broken above this strong resistance zone and is holding above it. Currently this strong resistance zone acts as a strong support zone for us. So until this strong support zone holds my view remains bullish here and I expect the price to continue higher further”.

Weekly Trades Summary November 13th 2020Current Scenario – My plan still remains the same here, that is until the strong support zone shown in the screenshot below holds I expect the price to continue higher further.

Weekly Trades Summary November 13th 2020

 

 

Oil – My idea here was as follows “Looking at the H4 chart we could see that currently there are no evidences that show this bullish trend is over. In addition to this the ADX indicator gave a bullish signal at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as evidence of bullish pressure. Also while looking at the Stochastic Oscillator we could see that the price has reached its extreme, we may consider this as yet another evidence of bullish pressure. Currently it looks like a pullback is happening, once this pullback completes itself I expect the price to continue higher further”.

Weekly Trades Summary November 13th 2020

Current Scenario – My bullish view didn’t change here, I still expect the price to continue higher further after pullbacks.

Weekly Trades Summary November 13th 2020

 

 

Trading Ideas (Trading View Posts)

NZDUSD -My idea here was as follows:

Weekly Trades Summary November 13th 2020Current Scenario – On the H4 chart the price action followed my analysis exactly as I expected it to. The price was holding above the strong support zone and it moved higher further delivering around 120 pips move so far.

You can find a detailed explanation regarding this here: NZDUSD Forecast Update And Follow Up

Weekly Trades Summary November 13th 2020

You can see this move clearly on the H1 chart below:

Weekly Trades Summary November 13th 2020

 

 

EURGBP – My idea here was as follows:

Weekly Trades Summary November 13th 2020Current Scenario – The price action didn’t follow my analysis here and this idea failed. My current view on this pair is neutral as the price has created a bullish divergence on the daily chart.

Weekly Trades Summary November 13th 2020

 

 

NZDCAD – My idea here was as follows:

Weekly Trades Summary November 13th 2020Current Scenario – Based on the above-mentioned analysis my view here was to expect the price to continue higher further until the strong support zone holds. My plan still remains the same here.

Weekly Trades Summary November 13th 2020

Note: You can follow me here on Trading View and also on my blog to get similar ideas on daily basis)

For similar trade ideas and much more join the Traders Academy Club and get access to our complete watch list and trade report. 

This is how the report looks like. A table with the hottest market opportunities, screenshot behind every pair and time frame (anything that is in blue inside the table is clickable and leads to a screenshot) + a summary in text format, kind of highlights. And of course Live Market Analysis every single day.

Weekly Trades Summary October 30th 2020

 

If you have any further questions, don’t hesitate to drop a comment below!

 

To your success,

Vladimir Ribakov
Certified Financial Technician

 

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