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AROC Entry, Volume, Target, Stop, ResistanceEntry: with price above 13.26 Volume: with volume greater than 1.1M Target: 16.00 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 13.27 & target of 16.00, a stop at 12.36 gets you 3/1 Reward to Risk Ratio. Resistance: Resistance @ 13.75 from July, 2018 This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:AROCLong
by tradepatiently
USDJPY rejected at 4H Lower HighI decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My entry was upon a bearish 15min engulfing at a potential high/re-test of resistance. My stop loss is just Above the high of the shooting star. My target is the next daily Lower Low.
Short
by DesharedPierreJr.
2
EUR/USD: Entry points in favor of buyersOANDA:EURUSD We expect EUR to 'weak further' last Friday but we think it 'unlikely to break key support at 1.0850 today'. Our view on EUR weakness is correct even though it has slightly breached 1.0845 (lowest is 1.0840). While severely oversold, EUR's weakness remains volatile. However, key support at 1.0850 may be out of reach today. Resistance is at 1.0872, followed by 1.0890. Last Friday (May 12, spot at 1.0920) we turned negative for the EUR and emphasized that it 'could likely drop lower in the coming days'. We added, 'the level to watch is 1.0855, as a break of this key support is likely to trigger a sharp and rapid drop in EUR'. While our view is not wrong, we do not fully expect EUR to breach 1.0855 so quickly as it plummets to lows of 1.0840 (-0.60%). There is no change in our EUR negative view and the next level to watch is 1.0850. Looking forward, if EUR can break and sustain below 1.0850, the next level to focus on is 1.0725. We will keep our negative view on EUR as long as it doesn't break above 1.0940 ('strong resistance' was 1.0995 last Friday).
Long
by DNA_TradingFX
TRADE ALERT - LONG ALGOAlgo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point, holding through potential losses until they become profits again. Target will be upper levels printed. SL would be 14 cents or lower. Best, Stew
Long
by stewdamus