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DATA/USD - Try Again to Go LongGreetings to all friends! Who has been attentive the last couple of days already rushed to participate in the trade of the StreamR Data. In the next few parts, the consolidation of the first wave structure will end. And presumably we are waiting for a new run to new highs. I'll be brief in my first public analysis and only indicate the goals, as well as the points that you should pay attention to. Trading structure. Enters If you prefer risky entry and big profits - you can enter the breakout level of 0.170 provided there are large volumes of trades (with STOPs at 0.149). For a safer entrance, I would recommend waiting for a breakout of 0.190 with a good volume, a rebound from the current ATH of 0.210 and an entry during upward movement, provided that there are large volumes of trades (with STOPs at 0.159). I'm prefer 50/50 positions stack to enter with 0.170 and 0.190. Take profits The first level for the profit of risky transactions opened after 0.170 is 0.209. To take profit here is necessary to secure trade from a rebound from the ATH. The second level is 0.248 because of the presence here of large volumes of sales and also the proximity of the psychologically important level of 0.250. The third level of 0.2729 is the level of 1.618 Fibo from the previous wave structure. What to look for This market is traded on relatively small volumes, therefore, in moments of doubt and confusion, any order greater than $ 10,000 can break the course by 5 or more points and change the trend towards flat movement and new consolidation. It's for this reason that the past wave structure was slightly ugly. Any large loss-order strongly influenced the behavior of the market. If you have large position sizes (for example, more than 100,000 units), it is recommended that you place the orders with a grid in front of the expected take levels For example: not 90,000 at 0.209 but 30,000 on 0.2049, 30,000 on 0.2079, 30,000 on 0.2089. Remember that any decisions you make or do not make are solely your responsibility. Happy trading, my frieands! Comments are welcome.
DLong
by artgen567
7
DATA - Upward channel breakdown short from $69.63DATA broken down from a long term upward channel & seems breaking down strong support area. It has strong insider selling at this price. We think it has very strong downside potential. * Trade Criteria * Date First Found- November 15, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $69.63 Exit Target Criteria- $64.33 Stop Loss Criteria- $73.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
DShort
by AcornWealthCorp
NZDUSD long idea (m30/H1)The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure. As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data. I expect the major resistance to start only at the previous maximum area (point III*). Opened 3 buy positions at 0.7428, SL 0.7389, TP 0.7470/0.74984
Long
by OceanBlue
Bearish Black Swan GBPUSDSterling looks to be capped at the most recent high of leg D of this Black Swan pattern, even with the pressure of negative CPI data and tensions with the east the DXY is looking to extend some upwards action with US yields data. Sterling on the other hand doesn't have much to stand on as most of the upside momentum has been delivered from US data and news. Type 2 close on 1.257X Breaking fresh support level B Leg D closing below highs printed in march Elliot wave forecast indicating an opportunity to short this pair
Short
by FXRCAPITAL