Who’s up for buying and selling long-term development continuation and reversal setups?
If you’re, then y’all higher take a look at what’s cookin’ on LULU, BTC/USD, and GBP/NZD’s charts!
Which amongst these setups will you seemingly commerce?
Lululemon (LULU): Every day
Put your tight pants on as a result of Lululemon Athletica Inc. (LULU) is reporting its This autumn and 2021 earnings this week!
And as if that’s not thrilling sufficient, LULU can be testing a longtime descending channel resistance AND is displaying a bearish divergence on the each day timeframe.
Watch how LULU reacts to the $320 – $330 zone. If we begin to see hesitation or dojis, then LULU may prolong its weeks-long downtrend.
But when the inexperienced candlesticks preserve coming, then LULU might revisit increased areas of curiosity like $350 or $370.
GBP/NZD has been poppin’ up a number of dojis close to the 1.8900 psychological deal with!
As you’ll be able to see, 1.8900 had served as a strong assist again in November. Not solely that, however it was a significant space of curiosity in early 2021!
Bulls who’re anticipating a bounce would like to know that there’s at the moment a bullish divergence on the each day chart.
Earlier than you place your purchase orders like there’s no tomorrow, although, you may wish to await a little bit of momentum first. You simply by no means know when the bears are within the temper for long-term breakouts, ya know?
The place my crypto-trading buddies at? BTC/USD is displaying wholesome inexperienced candlesticks after bouncing from the $36K assist and 100 SMA on the weekly timeframe.
Stochastic has simply taken off from the oversold zone, so there is perhaps room for extra gainz within the subsequent few weeks.
Look out for the mid-channel resistance close to $50K in case we see some profit-taking.
Planning to go all in simply because we’re seeing bullish strain? Because the Black Panther as soon as stated, we don’t try this right here.
Be certain that to make good threat administration selections this week, buying and selling buddies!