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CIMB: Long Term Reversal with Supported Year-LineThank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish As seen in the chart, the Year-Line is a strong indicator of trend. Around late Feb 2019, The price managed to closed above the Year-Line for a few days before rejecting and continued downward sliding. This time, not only is the price holding comfortably above the Year-Line, it also found support when it tested the Year-Line with a doji candle on the 4th Dec. Entry: 5.30 Stop-loss: 5.19 1st Target: 5.61 2nd Target: 5.77 Gentle reminder: Plan your trade and trade your plan. Peace out!
MYX:CIMBLong
by ShareWorldConsulting
TECFAST, Rebound on Support, Any Meat Left?Bias: Bullish. When the correction hit FOUR classic technical conditions on 29th Nov 2019, the next green candle on 2nd Dec shows promise of a swift rebound. Can you guess what are those FOUR technical tools? Ask us in the comments below! It might be slightly late to the party now, so let the buyer beware. Stop-loss: 0.385 // The recent low point. 1st target: 0.490 // Previous high as minor resistance. 2nd target: 0.520 // Historical resistance as major resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
TLong
by ShareWorldConsulting
1
XRP could absolutely explode this month!First of, apologies for the clickbait-ish title - it´s the only thing that gets people to pay attention nowadays apparently. With that being said, the tittle is not entirely misleading and here´s why. General analysis: - last two monthly closes are very interesting as we closed the month of September in a doji type candlestick which typically signals indecision or perhaps even reversal - the following month was followed by a nice bullish candle that showed buyers are still interested in XRP at these prices - these two candles put together indicate a potential bottoming formation The way to trade this setup is very simple: - as soon as we take out the high of September at roughly 32 cents, I expect this thing to absolutely explode to the upside, when XRP goes, it goes hard - conversely, should we fall below the support (thick blue line) and especially if we trade below the low of the doji this thing is likely going down much more Bias? - short term time frames (1D, 2D, 3D) look a bit shitty and with Swell coming up I wouldnt be surprised at all if we see a short sell off to 23 - 25cents. Remember though, we are focusing on the weekly and monthly here - the fact that my lovely MA´s have crossed to the upside is really really good, even more so when it happens on a monthly scale - we appear to be in a falling wedge (no, this is not a descending triangle in any way, shape, or form), which do tend to resolve to the upside - finally, I usually don´t give a you-know-what about fractals but it is interesting how all the previous XRP pumps were preceded by big doji candles (blue boxes), followed by a nice bullish candle which ultimately lead to a big breakout In short, my bias currently is to the upside but either way this thing breaks, the way to trade it is very simple, which is why you should definitely pay attention to XRP in the coming weeks. Take care.
Long
by Mansasuma
1
Confluencing factors meetNow that the market has pulled back after the breakout, a short opportunity based on the technicals has formed. 1. Breakout 2. Pullback to fibo levels 3. Sell signal candle (doji) 4. Moving average pinned for these setups the stop is best placed above the highs where the trade would be considered invalidated and the target is at least 2x the risk - in this case the first low of the rising wedge pattern is also a good target but with a 1:6 risk to reward ratio. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg For live updates please feel free to join Forex Bootcamp using the link below DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
2