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CABLE Could Test 1.2700 Level After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
1
DE30/EUR 1D Chart: Rebound from 55-day SMADE30/EUR 1D Chart: Rebound from 55-day SMA The index that compiles 30 largest German companies is advancing against the Euro in the long-term rising wedge formation. This pattern started to form two years ago and today consists of two reaction highs and three reaction lows. Consequently, the breakout of the pattern is expected to happen in the Q2 2018. In the meantime, in the middle of this year the exchange rate started to form new junior ascending channel but due to support provided by the 55-day SMA it began to transform into another rising wedge. As the northern side contains no notable obstacles, the pair is expected to continue climbing to the top, thus ending the year near the 13,600 level. In case of sudden reversal, the above moving average should prevent the pair from making a premature breakout.
OANDA:DE30EUR
by UnknownUnicorn890690
Daily Trade - MEME, Bittrex | On TA Analysis, profit and wishfulDaily Trade - MEME, Bittrex and on TA Analysis, profit and wishful thinking. Yesterday I posted a TA about a possible MEME (Memetic) coin breakout. Just a few moments later, market turned in the other direction and there went my analysis down the drain. This is part of the game. No single trader or analyst is right every single time. I don't have to say that right? Well, the present analysis is a redemption on the last one. It seems that MEME finally slowed the down trend run, found support and has 3 indicators favorable for an up trend run. Will we see the entirety of the potential up trend run? Difficult to say but lets recap: a 13 hour down trend slowed down on its last 5 hours and found support at 61.8% of fibonacci retracement a fat green candle pushing the price up and waking the bulls, the frightened traders sell immediately preventing the price to go up before the MACD crossed the signal line upwards, we already saw the next big green candle pushing the prices up RSI at 52 has enough room for a big run up. we have a possible resistance point at 7400 sats (around 12% up from the time of this post) -EMA and MA are at the crossing point were EMA 10 will cross above the other 2 on the next couple of hours. I have drawn a few possible up trend lines to have an idea of possible duration of the bullish run. Also, on the wishful thinking department I included a fractal shadow of the indicated previous bull run, just for entertainment purposes, technically believing in it is the same as betting in coincidences. So what do I think? I have my money in it. I want MEME to break the 8400 ceiling. That's also wishful thinking but with a tad of educated guesses based on fancy tools and wordy explanations. Remember, this is not financial advice. Invest and trade at your own risk. NOBODY is right all the time. They only have to be right a few times and have a great strategy and risk management to make money. Be careful, invest at your own risk. Crypto Day Traders Club is a Facebook group I created for likeminded individuals who are serious about day and swing trades. Not a place for people looking for easy ways to make money. There people work hard to make their buck, good bucks. We share trading insights, techniques, opportunities. Fundamental and Technical analysis ideas and facts. Always backed up by accordingly explanation, no posts or comments that don't add value to the subjects discussed.
Long
by gabrieldib
1
Sell GER30 few days tradeHola Guys, The price broke the triangle made up with T1 and T2. The market had a pullback on S3 pp and S2 support. Thanks for this pullback we made a test ceiling on T2. This for me is a Bearish signal and i'm gonna open a little trade. SL is 11640, it is also protected by S2 support and S2 pp . The TP area is the trendline T3. I forecast that the market will kiss the trendline T3 and after it'll have a pullback but for the moment i'm not able to understand the power of this pullback, so i'm gonna stay ready to close the position here. To understand the analyse please check my last GER30 idea. For any questions or needs just write in coments or send a p.m. I'll be happy to help you. Also i'll send BO and countdowns signals in p.m. because isn't easy to share here, is too slowly. I hope the trade could help you. Kind Regards, Delta B.
FX:GER30Short
by The_Shipwrecked
7
EUR/USD broke a 30 min trendline. Opening a Short tradeI expect that monday the price will broke the little red trendline ( T3 ) and after test the support ( S1 ) and maybe break it. My SL area is from 1.07545 to 1.07645 and the TP are near to 1.05700. I'm waiting a bearish moment due to 2 main reasons: 1) technical analyse: I already explained it on the chart... the broke of the T2 and a confirmation ( ceiling test ) is a bearish signal 2) corelation with the Index GER30 ( DAX )... in my analyse of this Index I'm expecting a Bullish momentum because of the Technical analyse i already did. I'm gonna manage the position like a daily one; this means that i'll open and close several positions during the day... i'll try to take the best entries and exits. The broking of the SL area could also make me changing the mind about my positions ( if it will happen ). I'm gonna public only the analyse here, hopping that it'll help you in your trading, but i remember you that the analyse is not enough to close a day in green. If you're interested to know my positions and my entries just contact me in p.m. and I'll be happy to share with you. Writting here the actualisation is very slowly and this is the reason i decided to use the chat with the people who are interested. I'll also use this analyse to open BO and cowntdowns trades. I hope it will help you. Kind Regards, Delta B.
Short
by The_Shipwrecked
8
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good. Trade safely with proper risk management :)
Short
by YongLiang