GBPCAD H1 - Long Trade SetupGBPCAD H1 - Starting to restrict a little here at this resistance zone. As indicated, we ideally need to break and retest this resistance (turn to support), when we find support on the retest, this could be our buy opportunity. Break and retest is imperative, otherwise you'll effectively be buying from resistance. Some other GBP pairs looking like they want to break downside, these pairs will follow shortly.
Financial
QEP potential bull marketYou can see that the MACD gives a buy signal on 2 July, and CMF shows us, there are more buyers than sellers.
I think we're standing at the beginning of the bullish market.
On 4 July QEP got $500 million financial help for Wells Fargo Bank, so the liquidity of QEP is stable now.
$FOCS can rise in the next daysContextual immersion trading strategy idea.
Focus Financial Partners Inc. provides wealth management services to primarily high net worth individuals and families.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $32,65;
stop-loss — $30,56.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$QD can rise in the next daysContextual immersion trading strategy idea.
Qudian Inc. provides online small consumer credit products in the People's Republic of China.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,89;
stop-loss — $1,79.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$MARA can rise in the next daysContextual immersion trading strategy idea.
Marathon Patent Group, Inc. focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets.
The share price rose after the company announced the installation of 700 M30S+ ASIC miners. The company also became debt-free.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,10;
stop-loss — $1,04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
EURNZD H4 - Long Trade SetupEURNZD H4 - Seen a 100 pip rally from support here, hoping to see something similar on EURCAD, we wanted to take a trade from EC rather than EURNZD due to RR benefits. EC seems to be lagging for the moment, saw a nice H1 engulfing from support, but have yet to break the counter trendline.
Time to buy Silver?This isn't another altcoin - it's a silver precious metal.
Why have I decided to present this chart? I intend to buy physical metals in the run-up to the global financial crisis.
In times of instability, investors seek refuge for their investments and precious metals are generally a safe haven. I think in the next crisis, investors will choose this asset as well.
It's important to note that after the dot-com bubble, investors began to invest more and more actively in silver, and it's in the crisis of 2007-2008 that it's their protective asset that grew in price until 2011 and made + 800% and it lasted until it became clear that the stock markets had recovered and continued to grow.
However, what do we see now?
Silver looks like a standard altcoin, after the fall we form a triangle pattern and I think we'll reach the support, horizontal line after that we can touch the main support zone near $8 per ounce. The same chart as Bitcoin when it fell from $6000 to $3000. But there is an assumption that we've already broken the support line during the Covid-19 pandemic.
During a critical stage of a crisis, when stock markets will fall, at this moment silver will also fall but recover faster than stock markets. We can see an example of a repetition of this assumption on the example of a coronavirus.
We are moving towards digitalization, tokenization, and I won't be amazed if in the future some kind of currency 100% backed by gold or silver appears. Therefore, having a supplied asset, like silver, will be reasonable.
Especially if we talk about financial markets where people trade derivative assets ( futures, derivatives, options, etc.) for metals, I can say it with 100% confidence that all these derivatives aren't backed by real metals, and when the time comes to boost the price of silver or gold, then these arguments will necessarily be used by metal holders, by publishing it in the media and causing demand for physical metals.
For those who think they can buy silver at a 50% discount.
As we see in our example, during the period of "Covid-19 Crisis" states prohibited the sale of physical gold to individuals. Most likely while this period, the price on the chart will be underestimated, but you won't be able to buy because there will be no supply.
Wherefore, my advice is to diversify risks.
Best regards EXCAVO
$ASA can rise in the next daysContextual immersion trading strategy idea.
ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $16,04;
stop-loss — $15,45.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$PRA can fall in the next daysContextual immersion trading strategy idea.
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States.
The share price fell after bad earnings. Looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $15,91;
stop-loss — $18,00.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Rating: PayPal - Strong Sell NASDAQ:PYPL : Strong Sell
Analysis Method: Fibonacci & Wave Theory
Thesis: Financial System decentralization
Immediate Target: $95
Immediate Time-frame: <62 days
Long-term Target: $80-$50
Long-term Time-frame: 267 Days
Daily High Wave Sequence:
Will update.
FMW
Find more Ratings at FibMarketWatch.com
Dow Jones.Alright for all these people who have no idea what actually happens right now.
We are at the beginning of the biggest recession we've ever seen.
We have roughly lost 55% on the DJ after the housing bubble popped.
So my estimation with about a 50% decline in DJ doesn't seem far stretched off right?!
We even have a big support line there?! Coincidence? I don't think so.
So my target for a healthy correction would be about 15k DJ
If you draw a fiblevel from 2009 low to 2020 high. You can even see 0.618 around that target.
Then again we have many factors to take in. Will covid-19 magical disappear or will it mutate and get even more dangerous.
I'm no doctor, but if we need at least a year to finde a vaccine I could see us drop even more crazier. Perhaps to 2nd support level.
Until then with best regards
Health is more important than wealth
(I prefer to make videos so I don't forget everything I have in my mind.
I edited this text like 5 times after release. Gonna stick to videos for the future)
BAC AnalysisI expect chart patterns in the current market to be statistically less reliable than in a calm market. For that reason, any trading decisions made solely based on support-resistance, harmonics, Elliot waves, and other technical strategies are relatively useless for traders who operate on holding periods between 1 day and 1 week. The mood changes with each day's news, and it is obvious from looking at the chart since the initial crash that the market is less fearful, but very cautious. Be mindful of the current situation. Those who are polluting the internet with their extreme theories of market direction are to be ignored. The SP500 is not going to zero. It is also not going to make the full V-shaped recovery as quickly as it crashed. We have a long road ahead before any certainty can be derived, and so I am planning my trades with that long road in mind.
In this moment, I am looking for stocks that have overreacted along with the rest of the market, but have yet to really feel the effects that the current state of the world will bring. I think that the financial sector fits that mold, so I am mostly trading banks at the moment. The large banks have been piling on reserves for loan losses, indicated by their collective, extremely low EPS for 1Q20. JPM, BAC, WFC, and others are preparing for the inevitable results of the record-shattering unemployment claims due to COVID-19. Banks will most certainly feel a lot of heat in the coming months. I think that they will have between 6 and 12 months of hardship after the COVID situation is managed or eliminated. Therefore, while bank stocks are in a sort of price consolidation on the charts, their recovery may not yet be upon us. All this is to say that I expect a move toward the YTD low if we don't experience a breakthrough in virus treatment, testing, or immunity in the next few weeks. University seniors will be graduating in the next couple of weeks, entering a job market that is, at the moment, several times worse than what the graduates in 08-09 dealt with. Student debt will continue to pressure many of them, Trump will almost certainly have a second term, the Fed is holding up the market with an unprecedented cost to the public, interest rates will be at virtually zero for at least a year into the future, and an already-struggling retail industry is being crushed.
These are just a few of the factors that I think put a lot of downward pressure on bank stocks. Looking at the chart, BAC is trying to make a decision near the bottom of its channel again, and I don't think it will make a decision before market close today. Monday it could open higher with a bounce off the channel, but that will not signal anything about how it will move through the summer. It seems to be running out of steam on its hard climb up, and I expect that it will move to flatten through this month. If the market's uncertainty causes the stock to move laterally for an extended period of time, it will present opportunities for traders to capture short-term swings. The only thing that can send it higher is control over the virus situation, but I still believe the stock would be defeated at the heavily resistant area from $26 to $29, and that will be the story of it for the rest of the year.
Bitcoin UPDATE - Take Profit Hit - What next? (Banks, ...)Hello Traders!
Cheers Guys we hit our Take Profit on Bitcoin. It is the weekly Supply Zone.
What next:
Now we should definitely wait for the weekly close. Also we need to watch the lower timeframes. We need to see how the market will react on this weekly Supply Zone.
Why should I care about Supply and Demand Zone?
On this zones banks and financial institution will jump into the market. The previous down move was caused by them. Therefore there is the possibility that they have orders left at the Supply Zone. We should try to swing with them again to to the downside. The Take Profit should be the weekly Demand Zone.
Check out my previous Bitcoin Analysis and Cheers my friends. The analysis went right. Updates will come soon.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.