BTCUSD ENTRIES. HUGE GAIN POTENTIAL THIS WEEKBased on last week's charts, BTC has reached more than 2,000 pips twice as the result. I had BTC long but obviously it dropped. But with my easy strategy, I am covering both ways incase any situation like this happens. Too simple man! Simple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains.
Look on my 'about me' or my bio for more information if you want to know how this works.
Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer.
When resistance breaks (red) enter for a buy
When support breaks (green) enter for a sell.
Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
Coach
Long Position in GCAP ahead of earnings and measured moveWe are interested in this stock going up. It would be a good idea to buy some, there is no reason to use puts as protection at the moment.
The reverse of the downtrend has begun, lets look at why this is a good idea
Rationale for the Trade
underpriced stock with a decent business
earnings misread, or the expectations were set too low
the depth of the decline has measured targets for its retracement
part of the rally has already started
classical chart pattern of cup with handle base
the breakout from the base already occured
it can rally 25% or better from here
Opinion
If there is some temporary exhaustion from the recent rise from 3.75 or 4.00 up to 5.00, or the HUGE spike it could be time for buyers to lose some of their enthusiasm for a pullback below 4.60, but even if we enter this trade a bit early it would still mean a buying opportunity given the power of the recent lift-off....
I would look to abandon this position on any moves below 4.40 and approach of the $4.00 then fundamentally the story for GCAP - Forex.com would be very different and the news coming out about the company would be extremely negative.
USDAD: Potential bearish bat patternHey traders,
On the USDCAD we can see that price has been dropping a lot since the last day of August. After that it's trying to retrace, but not a whole lot of bullish movement after that drop. So I'm looking to enter short at the completion of this potential bearish bat pattern.
Cheers
Coach Intra Day Bullish Pattern: Long Day TradeCoach Inc (NYSE:COH) is making a bullish consolidation pattern on the intra-day chart. The key here is that the pattern is forming above the 200 moving average and is happening while the markets are reversing sharply off early gains. When this pattern forms any stock like Coach Inc and the markets are falling, it shows relative strength compared to the markets. This is even more bullish. Please note that at 2PM ET, the Federal Reserve will release a major statement.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
COH Slammed: Where To BuyCoach Inc (NYSE:COH) is taking a beating today, falling 10%. Concern over competition is taking its toll as sales estimates are being dropped. Where is the bottom? Let's explore. The first significant daily support level is $33.50. At this point the stock should have a solid multi-day, maybe even a multi-week bounce. Longer term, be careful with this equity as it may continue its slide. View this only as a swing trade long at that level.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com