StirlingBishop

StirlingBishop

Hi guys, this is my first IoT trade idea. I would be looking to make a long position as the price has broken above the descending triangle formed in early May 18' and looks as if it is currently re-testing this trend-line. The previous market high was $5.8 - the current price is 94% lower than that at $0.504. This presents a rather lucrative trade. The Internet...

StirlingBishop Updated 

On this chart we can see a strong breakout of the trend line that has been in place since late January 2018 - moving the market sentiment into bullish territory. We can also see a re-test of this trend line on the 4 hour chart - this confirms the possibility for a long position. The Australian Dollar has been boosted into a bullish bias as a result of hopes that...

StirlingBishop Updated 

Hi guys - this is my first TRON idea and it will not be my last. I am a big fan of this project and believe that Justin Sun may actually achieve his 'decentralised internet' idea. TRON is currently sitting in the upper levels of an ascending triangle, of which it is looking to break-out upwards. Since early August TRON has been in the accumulation phase with...

StirlingBishop

I am expecting the price to continue its price rally that begin last week. The price bounced off an ascending trend line which began in June 2016. It has also bounced off a support at 126.6 However, I will be looking for a short-term correction before entering a long position on this pairing. Losses can exceed initial deposits when trading market instruments....

StirlingBishop

Hi guys, this is the first Bitcoin trade idea I have published - so you are more than welcome to shoot it down all you like. The bears are losing their power in the market, but I think there will be one last move downwards to the $5,000 level. My reasons are as follows: - There has been a very strong upwards trend-line (beginning at Point A) that price...

StirlingBishop Updated 

I will be looking to open a short position on this pairing, for reasons technical and fundamental. I will be watching the non-farm payroll closely to see confirmation for my trade. My technical reasons include; horizontal resistance between 1.146-47 and a potential down-trend line (yet to be seen). My fundamental reasons include; recent warmth in the US/China...

StirlingBishop

The Gold price is currently sitting around the 1215 support level - we are likely to see a a strong trend continuation from this level if we are able to break above 1220. I believe the recent fall in the price has been a simple market correction, so my previous ideas on this commodity are still valid. However, if the price is to break the 1215 level, we are...

StirlingBishop Updated 

A strong support line has been broken so we can expect a re-test of this line and then a downtrend continuation on the 4 hour - TP @ 1.26 and SL @ 1.28. Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a...

StirlingBishop Updated 

We have seen this pairing break above the descending trend-line that began to form on 9 Oct after bouncing above the strong support level at 0.985. We are now very bullish on this pairing and are going to place a long. We will wait to see if this breakout retraces to the aforementioned trend-line before opening any positions. The US market has regained a...

StirlingBishop Updated 

The dollar is currently quite weak compared to the euro. The EUR/USD price broke above the resistance and is now using that line as a support. There was a strong bullish pin-bar rejecting that support line - therefore I am looking to enter a long position first thing tomorrow morning. TP - 1.165 SL - 1.156 This is not investment advice - Losses can exceed...

StirlingBishop Updated 

Hey guys - this is a quick update from my last gold trade idea, looking at a shorter timeframe. We can see that there has been a strong bullish candlestick pin-bar which has rejected the support zone, this is a signal indicating us to re-enter our long position - after we took profit from the last move. Geopolitical tensions are all over the place worldwide -...

StirlingBishop

With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line). Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level. The DJIA could...

StirlingBishop Updated 

Hey guys - In this chart you can see that USD/JPY is supported by a strong horizontal support and a potentially strong upward trend-line. Keep an eye on this key area for your entries. My entry will be at 111.7 - I will be looking for a take profit of 114.0, however it has potential to rise higher than my TP - I will place my stops just below this support zone...

StirlingBishop Updated 

EUR/GBP is sitting on a very strong support line - My technical analysis suggests that this will cause a bounce in the price. Set your Stop Losses just below the support line @ 1.871. This is not investment advice - Your losses may exceed initial investment.

StirlingBishop

We have recently broken above the downtrend line. I think the 1.30 price level will start to offer a strong support, just as the previous downtrend line will. I will be looking for a Take Profit at the 1.35 level. If the Brits get a decent deal - which is possible as the EU are beginning to see the negative impacts of a bad Brexit deal or even worse no deal - you...

StirlingBishop Updated 

NZD could go on a short-term rally off this support line and enter a range trading channel. Wait for it to drop a little bit more, look for signs of a breakout and then find a good entry point. This is not trading advice, you should use risk management wisely to reduce your exposure to losses. Good luck!

StirlingBishop Updated 

I opened a long position on this pairing at 1.2516 - currently waiting to see if the trend will make one last move downwards respecting the descending trend-line marked (A), or if it has already reversed and will continue to rise towards the next major resistance line at 1.307. Stops have been moved to account for the upcoming potential movements. If it makes one...

StirlingBishop Updated 

This pairing has bounced off a key resistance level - This is showing high potential to be a winning trade. Take profit at 73. Stop loss at 75.5. This is not intended as trading/investment advice. I am posting these ideas for my future self to reflect upon.