$FBRT ready to move higher?* Coming up on the right side of its base
* Picking up on volume as it ascends in price
* Broke out of its inverse H&S pattern earlier and now is in a tight consolidation
* Three consecutive pocket pivots
* Forming a bull flag
Technicals:
Ticker: $FBRT
Sector: Real Estate - REIT - Mortgage
Relative Strength vs. Sector: 6.65
Relative Strength vs. SP500: 5.77
U/D Ratio: 1.91
Base Depth: 34.91%
Distance from breakout buy point: -4.67%
Volume 21.91% above its 15 day avg.
Trade idea:
* You can enter now as the price is still consolidating.
* Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row.
* This shows signs of accumulation which can also be seen in the high U/D ratio value.
* Manage risk accordingly
Buysetup
Chilliz ascending triangleHello traders!!
Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to the ascending triangle printed in chart witch is a bullish pattern that and signals a book long.
I don't really expect it to go till 0.24$ now due to the btc dominance breakout but it is a possibility for it to be reached in longer term the objective is 0.167$.
I will enter a long position at 0.134$ with stop loss at 0.127$ and take profits at 0.154$ 0.167$ 0.193$ and 0.24$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
Long Buy BTC M15 with STOHASTIC RR 1:2BINANCE:BTCUSDT
Nice Scalp BTCUSDT with STOCHASTIC with Risk Reward 1:2
Acummulation bullish triangle on ADA with decreasing volume. Hello traders!!!
If you look at the 4h chart on ADAUSDT you can see an accumulation triangle that i will interpret as a bullish sign.
Taking in to account the strong upward movement that Cardano started last week it seems that the triangle is indicating an uptrend continuation.
If you look at the volume, it is decreasing, witch means the market is refusing to trade lower prices.
Bitcoin looks stable however, if it goes lower than 29000$ this plan is invalidated.
I will enter a long position on ADA at 0.550$ with stop loss at 0.5255$ and targets 0.686$ and 0.737$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
Potential Buy/Long Week for USD/CADPotential Buy/Long for USD/CAD due to overall positive United States economy news for the week of the May 30th to June 3rd.
Potential Entry: 1.261 Area
Potential Exit: 1.2700 Area
Stop Loss: N/A Dependent on Trader
Disclaimer: I am not a licensed advisor. Trade at your own risk.
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
What a FANTASTIC day for our followers and members!!! We called it once again and we called it in sequence. We got the retracement like we analysed and then we rode the movement up, hitting all TARGETS and also our BUY signal TP.
We have NFP tomorrow so expecting volatility, however our stance on buying dips still remain and we will continue to seek out sniper positions from support levels and trade between our intraday levels. We have also updated the 1H chart with the new Goldturns for the range.
We may see some retracement close to the 1860 zone and if so, we would like to see this level be supported to solidify the structure.
We have TARGETS to 1869, 1873 and 1878. We will be using EMA5 cross and lock for confirmation of the movement or candle body close and our intraday levels for the sweet entries and exits.
We have also moved up our swing range to 1845, to manage risk accordingly.
As always we will keep you all updated with any changes to our plans and regular updates throughout the day. Please don't forget to like, comment and follow to support us, it helps us to bring more quality content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
$DRV PTs 56-100 and higher 3X Bear Real Estate ETFThe fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of its net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. The fund is non-diversified.
GoldViewFX - DAILY CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this daily chart for a while now to give an overall picture of the direction. Price found support at the 1804 zone, as identified and then went onto HITTING 1858 target.
We are now looking for a cross and lock above 1858 to confirm further push up to the next Goldturns.
We can also see EMA5 is on the verge of crossing MA21 hopefully with another daily candle, which will confirm the lock. This will provide the momentum needed for another push up. Failure to cross and lock will see price rejected back to low 1800's.
As always we will keep this chart updated to keep in mind the overall picture and structure. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this chart from last week, which has been playing out perfectly! Hitting level to level in sequence, finishing off Friday with our final TARGET hit.
We had the 1862 target HIT and now rejected here and potentially opening retracement to 1842 zone. However we are expecting 1862 to be hit again, as our next TARGET and we also have a gap open to 1879. 1879 is still quite far off and therefore targeting buys from dips and banking 30 to 40 pips at a time is the safer strategy for this market, when chasing a trend in volatile conditions.
BULLISH TARGETS
1862, 1879
RETRACEMENT TARGET
1842
SWING RANGE TO MANAGE RISK
1835
As always we will keep you all updated with any changes to our setups, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHO
All 12 Tickers Continued BullishI mentioned in my "Silent Walkthrough" Video(May 26th) that I had 25 tickers that I saw had potential upside strength.
I shared 12 of those tickers, but all 25 tickers continued bullish today.
Some of the tickers continued bullish while others already hit their 1st targets.
NIO: Continued Bullish
AXP: Continued Breakout
BR: Hit top of bear channel
PNC: Hit top of bear channel
V: Symmetrical Triangle Breakout
UNH: Reversed & continued bullish
COST: Opened lower but closed higher
KR: Hit 1st target
LOW: At Breakout point
NKE: Continued bullish
TGT: Continued bullish
AAPL: Hit 1st target
$MUSA breaking a ~5week base. Can it move higher?* Very strong up trend since inception
* Great earnings in the recent quarters
* Breaking out of a ~5week base
* Pays out increasing dividends
* Has lots of accumulation indicated by the U/D Ratio
Technicals:
Sector: Consumer Cyclical - Specialty Retail
RS vs. Sector: 2.7
RS vs. SP500: 6.71
U/D Ratio: 1.66
Distance from breakout buy point: 0.17%
Volume 9.58% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* If you're looking for a better entry you can look to buy around the $245.9 area as that should serve as a short term support
$AVD breaking out of its ~14 month base * Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move
Technicals:
* Sector: Basic Materials - Agricultural Inputs
* Relative Strength vs. Sector: 52.33
* Relative Strength vs. SP500: 8.92
* U/D Ratio: 1.61
* Base Depth: 71.26%
* Distance from breakout buy point: 2.35%
* Volume 196.27% above its 15 day avg.
Trade Idea:
* You can enter now as the price is really close to the broken resistance of $24.25
* If you're looking for a better entry you can look to enter around the $23.85 area or even a retest of $23.55 seems likely.
* A retest of this area ($23.55 to $23.85) would indicate that buyers are willing to push the price higher.
* Next historical resistance comes in around $27.9
$FLMN: Making a bullish pennant!* This pattern has until June 13th to break out to either side.
* Looks good on all time frames
* The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure.
Technicals:
Sector: Energy - Oil & Gas E&P
Relative Strength vs. Sector: 1.17
Relative Strength vs. SP500: 4.09
U/D Ratio: 1.14
Base Depth: 15.91%
Distance from breakout buy point: -5.88%
Volume -32.44% below its 15 day avg.
Trade Idea:
* Wait for a break above the pennant resistance before entering.
* You can also look to enter around the 6.69 area if the price comes back to test support
* I think there may be higher chances of it coming back to 6.95 before moving higher.
* Manage risk under 6.69
$BPT breaking out of a one month base!* Strong recent up trend
* Breaking out of a one month base
* Pays dividends
* Price looks good on all time frames.
Technicals:
* Sector: Energy - Oil & Gas Refining & Marketing
* Relative Strength vs. Sector: 2.07
* Relative Strength vs. SP500: 6.83
* U/D Ratio: 1.25
* Base Depth: 32.41%
* Distance from breakout buy point: 1.92%
* Volume 14.33% above its 15 day avg.
Trade Idea:
* You can enter at yesterdays closing price as it's close to the broken resistance.
* If you're looking for a better entry you might be able to catch a bid around the $17 area
* Target for the trade is a historical level of resistance around the $19.2 area
$DSX breaking out of a ~8 month base! Can it go higher?* Steady up trend over the past two years
* Consolidated for about 8 months
* Formed a cup and handle pattern
* Now breaking out of the cup base
Technicals:
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 20.4
* Relative Strength vs. SP500: 18.49
* U/D Ratio: 1.38
* Base Depth: 82.07%
* Distance from breakout buy point: 0.33%
* Volume 73.26% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base
* If you're looking for a better entry you can look for one around the $5.77 area
* Given the macro situation of the world it does seem like shipping stocks will move higher in the near future
$ARIS ready to move higher?* Nice up trend
* Resisted the current bear market really well
* Looks good on all time frames
Technicals:
* Sector: Utilities - Utilities - Regulated Water
* Relative Strength vs. Sector: 3.09
* Relative Strength vs. SP500: 13.1
* U/D Ratio: 1.06
* Base Depth: 24.41%
* Distance from breakout buy point: 0.1%
* Volume 72.3% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base
* Or if you're looking for a better entry you can look for one around the $18.19 area as that should serve as a level of support.
* Looking at $XLU it does seem like Utilities are ready to move higher and ARIS seems to be a leader in this space.
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
The 1H chart we have been following last week has played out perfectly! Every level we identified got HIT in order of our analysis.
We have now updated the 1H chart for this week with fresh weighted Goldturns and targets. We will be looking for EMA5 cross and lock to trade targets to each level.
We have a candle body close above 1846, which opens a target for 1852, 1855. EMA5 lock will make this stronger and open 1861. Failure to break above this level will see price retrace back to test the swing range and inline with the Goldturn channel.
BULLISH TARGETS
1852, 1855, 1861
BEARISH TARGETS
1846, 1839
SWING RANGE
1830
As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
NZDCHF: Keep an eye on this up wave!Hey Traders, looks like NZDCHF will be pushing up soon, why are we expecting this up wave?
A complex corrective structure is completed and market is ready to push up.
So, should you jump in? No, wait for your buy setup and you go for the buy. What if market continue the fall? We will not enter before we get our buy setups.
What if you are already in the sell? You take all your profits and look for your buy setups.
For us, the structure needs an up move to target liquidity above previous highs, what after that? corrective structure and another push up but let's take it step by step.
Even if market wants to continue to the downside, a corrective structure upwards is needed so we will be looking for our buy setups for now anyway.
We hope all of you get in few of our previous charts/trades like USDCAD, USOIL, EURCAD, NZDUSD, GBPAUD and made money.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
GoldViewFX - Updated LEVELS & TARGET$$Hey Everyone,
As you can see our trading plan has played out perfectly!! We saw price test the support area 1811, as identified on the chart and then followed by the anticipated breakout to MA200, 1822, 1836 and 1847.
We are expecting another challenge to 1847. An EMA5 break and lock above 1847 will confirm further move up to 1855, 1861. 1861 is a gap that has also been left open from the previous run.
It will be nice to see a retracement challenge at 1836 and see this level turn into a support level to continue further movement up. Failure to hold this level as support will see price head back for 1822 and 1811 for support.
Please see the 1H chart below with the potential setup broken down using our ascending Goldturn channel, which price has just broken out of with ema5 lock. The maximum retracement we can see for now is 1830 should price break back into the channel otherwise a clean breakout is taking place.
As always we will keep you all posted with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR