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USDCAD: possible long opportunityUSDCAD is breaking the trendline formed since the beginning of this week.
On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away...
Stocks and oil are under pressure, thus risk-off is favorable for USD bulls.
Another USD long already opened.
Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3.
Wait for confirmation and relevant price action on the lower time-frame before entering the position.
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Make your own analysis before entering position.
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument.
From techincal POV:
-H&S chart pattern
-RSI divergence
Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R.
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Make your own analysis before entering position.
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
AAP Signaled multiple times with a target price of $146+Bought in AAP here. 1st target price is $146+ based on my proprietary signals I coded into pine editor. Candlestick patterns are indicating a run up. Typically the patterns can take up to 45 days, but usually a lot sooner. I don't mind tho. Gives me opportunity to accumulate.
Keep an eye on this one. Second target is $148
I have my call options and I'm ready to go!
NYSE:AAP
GBP/NZDFirst bit of profit on this trade, looking good so far. i took this trade because it has tested a key area of weekly support meaning its likely to change trend. i am naked trader and only use support and resistance and price action! Thats all trading needs to be, simple and easy to repeat!
If you want to learn how i trade, please drop me a message on here or on Instagram: saxonpooley!
(I currently have a 50% offer on my 1:1 video coaching)
USD/CAD Support and resistance short trade.Hey, I am back with another of my Forex trade idea.
I've decided today to share another simple Support and resistance trade.
As you may know, USDCAD is in a daily downtrend, and we want trade with the trend, so we will be looking for a short position in the resistance area.
Let me know what you think about UC in the comments.
Don't forget to follow me, to not miss out on a good trade opportunities😉
Each Like is very much appreciated! 🙌
GBPUSD: possible long scenarioBuying GBP might be an opportunity for longer term dollar bears.
Joining bulls in GBPUSD from around 1.2350 price level with S/L below 1.2090 and T/P around 1.3280 provides decent R:R.
First major resistance level is around 1.2640 price.
Make your own analysis before entering position.
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Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
NZDCHF: waiting for correction before jumping inCommodity currencies are just squeezing up and it seems like there is more space to go...
Going long in NZD against CHF seems like an opportunity to participate in this move.
NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around 0.6375.
Obviously we might not get this price, but entering now would be more like jumping into a moving train.
Make your own analysis before entering position.
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Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
BTCUSD: "Wave C" is coming?Since mid of March the price of BTC has over doubled compared to USD and for me it seems like a V shape recovery.
Are we going higher from this levels? Possible, but I think there might be a better buy opportunity.
The main reason, why I think the price can go lower (below 7000) in the future is because I see an Elliot wave pattern confirming on daily time-frame and it seems like a possible "wave C" is coming.
Other reasons are the following:
- The price is breaking out of the channel
- RSI is breaking the trend line
- MACD is in the overbought zone
So, joining bears from around 9100 price level with S/L around 10050 and 6800 T/P level provides decent R:R.
Make your own analysis before entering position.
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Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
CTXS has a lot of signals. $143+ price targetNASDAQ:CTXS
Looks very bullish here at this price. $143+ price target. Let's see what this can do. I don't own this one yet but I might hop in it tomorrow unless it pops first thing. Good luck if you are in it already!
Hidden divergence spotted potential 140pips Price has been in some what of a uptrend, it’s hit a significant high resistance and been rejected, it’s near another support level now. Price is now making lower lows but the obv is showing higher highs, this is a sign of trend continuation to the downside. I’m not going to Jump straight into this trade, I want price to break and retest the support level (yellow box) then scale down to a 15minute time frame and get the best possible entry.
If you found this helpful hit the line button, hit the follow button for more signals 🤜🏻🤛🏻
I'm loving GILD here. Signals on the daily/hrly chartsNASDAQ:GILD
My custom indicators have signaled multiple times on the daily and hourly charts. Our target price is 80.80+
My calls are already in the green and I'm ready. I should have shorted it after it signaled "short" in the meantime.
Bars below turned from red to green which is a positive trend indicator
GJ to the levelWe should see a bull-run for GJ throughout the next coming hours. I have this analyzed as 5min divergence with the Buy Order. Price should come to the targeted level and manipulation should occur to entice false buys when in reality it will do what it needs to do to create 4H Bearish Divergence. Once that divergence is confirmed the sell will be active.
I've mostly stayed away from penny stocks in 2020 but......this looks so tempting. I've never really tested my custom alerts on penny stocks so we are going to see if it works on NASDAQ:SRNE .
Target price is $6.75+ according to the daily chart. I'm buying one option spread tomorrow (strangle to be specific) and that's it. It's a pure spec play and test. also, tiny position but i'm excited to see if it will work! I might be wishing I did more options in it.
On course to hit another TP 🔥🥵🤑This is a trade I took earlier and hopefully you took the same trade when I sent out my signal. If not then hit that follow button, on absolute fire this week 🔥🔥🔥
So looking at the chart guys, higher highs and higher lows being made, very simple stuff. This tells us the trade is still valid and is still moving in that uptrend.
We almost had a perfect entry 🤑, be sure to hit that follow button and don’t miss out on another trade.
Trade currently sitting around the 35pip mark, just under half way to the TP, aiming for around 80-90pips. SL sitting at break even but with be trailing my stop loss soon.
Consider following 🙏🏻
Risk management is key 🔑
Stay profitable 🤑
On course to hit TP🤑🔥🥵 higher highs lower lows being madeJust a quick update on the trade I took earlier and hopefully you took it to, if not make sure to follow to get these signals, been on absolute fire 🔥 this week.
So enough chat, looking at the chart, very simple stuff guys, we can see ‘higher highs’ & ‘higher lows’ being made. Tells us this trade is still valid, still in a beautiful uptrend, and guys we pretty much got a perfect entry on this trade.
Around 35pips profit so far, TP is set at around 90pips I believe, SL currently at break even looking to move around 15pip area. Dont miss another one off my signals hit that follow button and lets get these pips!! 🔥🤑🔥🤑