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USDJPY LONG POST ANALYSIS USDJPY POST ANALYSIS (FROM 8/26) I had posted a trade on August 26th for a potential long on USDJPY. When looking at this pair I had seen that overall on the Daily time frame it had been an a uptrend. Trading is all about probability so I used the fact that price is more probable, if buyer interest is shown, to go to the upside. The Daily chart had displayed to me that price was failing to break and hold beneath the 110.700 price area. Every trade I approach it as a strategic business decision and this pair had displayed to me that it would be a probable, strategic trade to take advantage of. After seeing the 100% push by the buyers on the daily (w/momentum) I waited for a pullback to come in and for buyer interest to come back at the 110.700 handle so that the market showed me it was still interested in taking this pair long. Once I had seen that the buyer I was still interested I had entered some positions into the market at the 111.000 handle. This trade ended up hitting both targets for a total of 300 pip trade. All my setups I post are relatively simple and I always make sure to hold that approach with my trading because with simplicity and consistency it can be very POWERFUL. I also want to bring up the fact that momentum is a key factor in trading whether it is a reversal, fake-out, range, or trend continuation, the 4 market conditions I trade. Discipline is key as well. When trading stay disciplined to proper risk management as well as discipline with your emotions. Trust the process! Please like and follow my page for more trade setups and post analysis. I really appreciate everyone supporting me already ! More to come! Cheers!
by JosePips
3
BTC: Another $1.5K!Hello friends, as described in the idea linked to this post, I anticipated BTC reaching the $9050 level due to the 0.786 retracement and previous retrace patterns. I expect a bounce at the strong support of $7600, with stops below $7340. There are 3 major supports in this area: first we have all the activity in the area, then we have the long-term trend line, and finally, we have the 0.318 retrace for the current move. Not to mention we have had a good decline from the recent highs. I still expect that run to 9050. I am no expert in Elliot wave by any means but perhaps there is something here...3 pushes higher in a counter-trend rally. Major bear trend has significantly weakened however.
BITFINEX:BTCUSDLong
by Ian_Carsen
EUR/USD Trade Opportunity Spotted 7-2-18Hello Friends, as we can see, the Euro has recently halted its decline relative to the dollar at the 0.5 retrace from long-term support and is building a small descending triangle at this important support level. As always, it is impossible to know for sure which way price will move when it resumes trending, however, this is a descending triangle in a downtrend at a crucial support level. Plus a Bloomberg TV speaker declared today that there is the potential for a shakeout since players are still net long the Euro. It seems to me, therefore, that potential for an explosive move is on the downside. However, a break upwards is always possible especially as the dollar appears to be topping out. Such an upwards break, however, may be suspect and I would trade this more as a short-term move due to the potential for the formation of a right shoulder, which if completed would indicate a head and shoulders pattern which would, once again, put us on downside alert.
by Ian_Carsen
Weekly overview of foreign currenciesStart with EURUSD GBPUSD NZDUSD, they're all 3 correlated positively and I really do not know where they go from here. Ignoring all 3. Rip. USDJPY Lower high compared to May, lower high compared to a few days ago... It is unclear where it is going... I'll check it out if it moves alot... Probably no trade for me here. AUDUSD Still looking super bearish... Just going to set a short order if it goes up... Already set up orders. USDCAD SUPER bullish, if I get a short at going long I will, unless it goes up with bearish divergence then I prefer to avoid it. USDCHF I do not really know, just avoiding it unless I am bored maybe there is a secret oyster hidden in the map. USDSEK I think it is bullish... Going long if possible, might regret it. Is it forming a head and shoulders? USDMXN Bullish, going long on 0.382 or 0.5 trying to take advantage of all that wave 5 upside. USDCNH TOO bullish. What the hell? Will it ever stop? Going long on retrace if that ever happens. Or maybe it just falls like a rock ... EURJPY Might be nearing the end of its bear trend, I do not know. I think I'll only trade it if it hits structure with RSI divergence. EURCAD Bearish? Turning bullish? EURNZD Careful with that one. Will only trade if a confluence of factors line up. EURCHF Downtrend. Short it to the ground.
Long
by MrRenev
The law of bitcoin.781.976 was the new high of btc last 2 month, we are on bullish trend is a evidence. The rally of btc is not to be stoping yet, we are right now on accumulation phase, if Btc break the resistance at 781.976 we can go to 800+ dollars easy. RSI is very strong and something like 1 per day on overbought area, its insane. 240TF, this btc rally is not done => Christmas is the most favorable time for a btc up because China use a much of bitcoin for shopping or business. ( Dont forget China control over 70% of monetary mass of Bitcoin ). Target: above 820$ first. Good trading !
KRAKEN:BTCUSDLong
by Madofff