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BTCUSD-Going Short A La TomDemark StyleCOINBASE:BTCUSD Here goes my first. After reaching $6,750 resistance level the RSI formed a Bearish divergence indicating a possible drop in price. Price dropped and a small pullback i saw the opportunity to sell using Tom Demark trendlines . Connected the recent swing low to the last swing low and waited for price to close below the trendline to project the take profit target. Distance from the highest point above the trendline down to the trendline that would be our projected target. After the candle close below the trendline there's where i connect my projected target. TP: $6,350 SL: $6,675
COINBASE:BTCUSDShort
by perfcrypto
ARK Watch!!!!!!! 2018I am currently in a position to grow thy BTC digits. I chose ARK because the signal finder had all indications of potential "breakout" or at least a decent up trend. Thanks to BTC Trading Challenge for the tips. ARK is a coin that does something and blockchain, blah, blah, blah.... Stuff. I am NOT fundamental on this (OMG is a different story). ARK is just a potential to increase BTC, for me. On the 1D the 50 day MA seems to prop it up. Thought that was worth noting. The pitchfork has it in channel to gradually grow, testing fibs and levels but I will continue to watch that 50 day MA. If anyone has any tips on other indicators to watch on this pair, it is appreciated.
Long
by PLAINVI3W
2
My first public prediction =) Gold going UPFirst, I am at very beginning of my Forex studing. So I am very opened for yours constructive criticism. If Dollar will stop to mess all pairs at market, Gold must be return to going UP. RSI and Stochastic showing Bullish Divergence on 4H chart. Entering price is 1324.2 - above daily resistance area. Stop Loss is 1311.81 - a bit low of upper limit of weekly support area. Top Profit is 1353.7 - a bit above of low limit of daily resistance area.
FOREXCOM:XAUUSDLong
by aquaeyed
1
Possibility for a good USDJPY trade.I would like to share some information about my recent trading activity. My trading religion is to combine all possible directions of market regardless of their nature, fundamental or technical. When I find such combinations, I look for the good entry possibilities. Today USDJPY could be this type of market. All usd-based pairs and DXY itself has shown significant downtrend. The basis for such trend was political speeches and growth of USA indexes. However USD steel remains the main world currency and the biggest part of world reserves. Thats's why I see USD picture today of fundamentally oversold. The same thing we have in technical picture. We are sitting at bottom line of a large weekly triangle. The last time the pair has grown from 106,5 to 118 from this trend line. Moreover, opening here gives the best TP/SL ratio around 7. You could see exact levels on the graph. The last thing I consider is Commitment of Traders report, which says that large speculators are also on the long side. Would you like to be on their side too? Share your opinion in comments!
Long
by ArtKon
WTI Crude Oil - USOILI've singled out prior balance areas using Auction Market Theory, obviously they're not exact. I threw up a fib to give me an idea for a new balance area to develop. I'll wait until it's developed but i'll look for short positions as long as it's below #12 prior bal area low. If it hits invalidation area i'll wait until a more defined trend/area develops before deciding anything. This is the first idea I've ever published so i'm not really sure how much i'll enjoy doing this.
TVC:USOIL
by stockmarketsquirrel
NZDUSD - buy on bounce!On daily chart: NZDUSD is currently in a long term uptrend and price is above 200 SMA so should be looking for long trades. Price has pulled back and has found support on a convergence of 200SMA and 50SMA so should be looking to buy on the bounce if support holds . Price is also at lower Bollinger Band so price expected to rise. Stochastic RSI currently in oversold region. I'll be looking to go long with a stop loss placed just under 200SMA. 1st profit target I'll be looking at the recent swing high at 0.73274 Lets see what happens! uk.tradingview.com
Long
by f_carter93
HD 2nd retest gap in a row.HD closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200 resistance as well as linear resistance line, I would feel more bullish than bearish in the coming days.
NYSE:HD
by brianmontgomery
1