Simple resistance based setup including an ascending channel with resistance trend/zone Add in JXY (JPY*YEN) TA: JXY -> Strength +COT DATA -> JPY = Strength* EUR -> EXY -> Has been weak and it's unclear where it's headed next COT Data suggests that EUR will be losing strength and getting weaker supporting our EURJPY short trade.
Simple supportive trendline combined with support structure. Add in DXY (USD) TA: DXY -> Weakness + COT Data -> USD = Weakness The EUR side of the equation is the question. EXY TA -> could go either way EUR COT Data -> Mixed *Setup to watch for. *Not an entry call.
Technicals alone show us UJ is ready for a move to the downside. Cross Checking the USDJPY chart with DXY & JXY charts continues to support our short position. And when checking the COT data we see that the majority of the big money is going long on the Yen and long on the Dollar.
Taking a fun look at DIA with the retracements of the past to give an idea about the potential next drop.
We got a retest and the fundamentals + technicals look good! USD should see weakness coming into the next week or so (as long as no one blows anyone up) CAD should see strength continue to play out into the coming week or so. Simple trade, good RR. Enjoy!
Looking at gold we can see a possible pullback into the marked zones after the breakout of the uptrend as seen. Watch closely early on in the week to see how it all unfolds. If we create a pullback we could see a Head and Shoulders formation which could indicate a possible trade.
Looking for a short and long term buy on AUDNZD with target 1 being approximately 1.045 with a tight 20-30 pip stop from the current price and target 2 being 1.08 area with wider stop (smaller positions advised for this one, payout will be larger anyway). Rejection of rising trend and previous lows.
This trade is for the lazy long therm traders that like to make a lot of money. Buy-in: 14-16 BTC Next support: 11-13 Targets: (1) 19 |Hit 19-Oct. (+36%) (*) 21 |Hit 7-Nov. (+50%) (2) 22 |Hit 22-Nov. (+57%) (*) 25 |Hit 25-Nov. (+78%) (3) 26 (4) 28 (5) 31 (6) 37 (7) 46 (8) 51 (9) 56 (10) 63 (11) 75 (12) 84 (13) 94 (14) 125 (15) 145 Profits potential:...
I am expecting increase in the price of COINBASE:BTCUSD , We are seeing an inverse head & shoulders on the 1H & 4H. Might see a retrace to the 80** levels, then drop down again, and BITFINEX:BTCUSDSHORTS go back up again. Hope that my idea is wrong, and price keeps increasing & shorts go even lower ! ! This is not a financial advice, please invest...
There is a common problem people have, they see a set-up because it "sort-of" fits their strategy and take the trade. This is because people encounter FOMO (Fear of missing out). The markets will continue to play out long after any of us are still alive. There are endless opportunities, so why take any old trade? Always choose the best QUALITY trades over LOTS of...
XAUUSD SELL IDEA, kindly share your thoughts in the comments.
Hello everyone, today I'm sharing with you my ATOM/BTC idea. First of all, I'm quite bullish on Cosmos on the long term. According to me its fundamentals are strong, but for now let's stick to my short-term idea: - ATOM/BTC is ranging inside an ascending channel (bearish pattern) - We can expect a retracement in the coming days. - This retracement should be a...
Complete of a gartely led D rejection at the key resistance zone 121.10 selling pressure triggers to 119.00
Price rally to meet a key resistance zone completing the harmonic pattern as well as ADCD pattern price seek for correction to the 1.8550 zone
THE PRICE HAS BEEN REJECTED TWO TIMES ALREADY FROM THAT BUY ZONE.. BUT PRICE IS ALREADY OVERSOLD, SO WE HAVE 2 POSSIBLE SCENARIOS FOR THIS PARTICULAR PAIR. 2 ENTRYS WITH 3:1 RR
Hey all, We entered our EURUSD short trade at 1.11567 ( +51pips floating profit at the time of this post) Taking a deeper look into the H1 & H4 charts we see the potential for a third test on the upper trendline. With this in mind, we decided to lock in our profits with our SL at 1.11234 We are watching for confirmations in consideration for a long play...
Hello Traders! Welcome to another update, Today’s chart will be on ADABTC pairings, potential trade setup Points to consider - Trend recently putting in higher lows - Price tested major resistance - .618 Fibonacci Level - RSI testing upwards trend line - Stochs showing upwards momentum - EMA’s giving price support - Volume increasing, above average...
Short since $10,280. $9,600 TP1 Hit. $9K flat next. Followed by $8K, $7K, and Bottom around $6K potential if downside continues.