SHORT GBPUSDPros
Channel-break.
Double top confirmed.
The dollar is strengthening.
Cons
Countertrend.
Strategy
I'm gonna try to sell on pullback.
I think the double top projection is too agressive. That's because i put it on 38/50% zone.
The stop is above the support zone and channel uptrend.
The divergence on hourly timeframe can cause a pullback to enter short.
G-channel
We leave the corridorOur pair has been trading for a long time in the corridor. For two weeks it had found levels of support and resistance on the levels of 1.2755 and 1.2890
However, yesterday the dollar went on the offensive and overcame the upper boundary of the channel.
At the moment, we assume that the pair will continue the upward movement to the next resistance level drawn on the chart. Therefore, we advise you to occupy long positions and consider the resistance levels as your goals.
Long on EURCAD Double bottom false break out of the channel?EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.
BITCOIN: dump over??? close at 8500 and target at 8800ok dear crypto community.. was a rough week!
After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k.
This crash was initiated cause of further mt. gox trustee movements of btc and bch. Few 1000 bitcoins moved out of the cold wallets released again panic on the weak part of the crypto traders.
Also pay attention to RSI movements. As you see, before the crash we had an upward regression trend but a downward RSI movement which indicated that a negative breakout would be more likely than positive breakout.
Well lets see where this is going. Maybe too soon to determine something here, the manipulation is insane tho, couldn't blame anyone for staying away from this market. Only a 2 to 5 trillion total mcap could prevent this kind of manipulation.
BITCOIN: expected retrace from the 10k lineAs many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k.
Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days.
That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to maybe 9.8 - 9.9k BTC after we saw 10.2 to 10.3k.
My target of 10.4k - 10.6k still remains valid for the coming consensus 2018 conference mid may. Check out my other published ideas for this.
Im bullish on btc and the crypto market as a whole. I think.. the moment we break 10k and can hold it, will be the signal to go pass 11.6k and close this massive double top (20. february and 05. march ) for sure!
The pair has crossed the resistance lineOur pair has gone beyond the descending channel and is currently demonstrating growth. Against the backdrop of investors' expectations that the interest rate will be raised at the next Fed meeting, investors are returning their interest in the dollar.
Given that our price has received a new upward support line we can expect further growth in the pair. In case the pair falls below this level we anticipate the possibility that the boundary of the descending channel has shifted by the channel value from the resistance level.
YNDX long ideaI think YNDX presents an attractive entry at its current price. The stock has been trending upward since late 2016 (see regression channel). Yesterday, amid broader weakness in Russian names following the US-Russian dispute over alleged gas attacks by the Syrian army, YNDX dropped from the middle of its regression channel all the way out. Today that weakness continued and the stock is now at a 61.80% retracement level of the runup during its almost 18-month bull run.
Besides the Fibonacci level, there's past support in the horizontal rectangle stemming from its 4 months consolidation in the current price range, late last year.
My idea would be to go long YNDX around today's closing price, with a stop around 32.50 and a target of around 37.00. My rationale would be this: Given the strength and duration of the past momentum in YNDX, I would be surprised to see the stock roll over without an attempt to recapture the bottom end of its regression channel. If the stock would remain in the horizontal rectangle for more than past the end of next week, I would close the trade, as momentum would likely have dissipated by that time.
A possible long opportunity on USD/JPY Hi guys,
I want to share my vision of USDJPY.
I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips.
As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous resistance now support.
The only thing that i don't like at all is the NFP result which was horrible for the USD, this can lead to invalidate our inverted shoulder head shoulder pattern and bring the price back to 105.000 levels
Personally im going to wait for a candle pattern that gives me confirmation to enter.
Trade Safe!
Greetings,
D. Sayan
Now should I jump on the bandwagon or still tood late?Nike has been a sensational investment because it is phenomenal brand with high-quality products led by a skilled management team. However, it is not a moat-wide company, being under pressure and up against competition like ADIDAS. However, despite declining growth rates and margin prospects the stock has jumped from 52USD to 66USD.
Based on the concept of relative strength according to Levy the stock is not ranked in the S&P 500 amongst the top 100 securities (with a RSL value of 1.01). You can see that the stock has lately left the trend channel, but at once reversed back, meaning that a new chart pattern is supposed to be built
The most tangible problem for NIKE would be Trump's trade war offensive if Chinese suppliers in close relation to America brands were affected by import tariffs. Chinese manufactures are part of the global supply chain sourcing clothes for retailers, and so Nike will indeed face ripple effects.
Nike is a very solid investment, which accounts for the high stock price reflecting the company goodwill.
Company value: B
Growth/'EPS' surprise: C
Momentum: B
Risk: B
Overall: B
Looks great, yes. Be aware that current choppy market sentiment is driving stocks up and down on weekly basis. I am going to wait for a clearer signal and crossings for all my indicators.
*Investments can go up as well as down and involve the risk of loss. Past performance will not necessarily be repeated in the future."
S&P 500 Trend Continuation UpwardsA important bullish turning point for the US stock market occured on Friday, February 23, 2018.
Instead of increasing the growing downtrend of the previous days the "S&P 500" ended the week with a bullish push higher, thereby adding to the chance that the market continues the strong move up of the week before towards the all-time high.
Due to the reason that the recovery after the decline has run quite far already though, I recommend to use a stop loss below the recent lows. Here is a recommendation with a good risk/reward of 2 (using instead a tighter stop loss at 2703 offers a better risk/reward ratio of 3).
Entry: 2734
Target: 2828
Stop loss: 2687
Risk/Reward Ratio: 2
ETH/USD - Testing Important Zone - Downward Trendline from ATH!My first video on ETH and to me it looks like ETH is getting close to making a decision on the direction she's looking to go.
Price action is just below and overall downward tend line from all time highs, so I believe we'll need to see a significant break and close above this area to see price action to start a trek above 1K again. I do believe we might see a little downside movement before she's really ready to pop. We will see!
I hope you enjoyed the video... give me a like and your opinion!
Channel breakoutFinally broke out of the channel its been in for about 3 months. Hope to see more new highs in the coming week.
The market in general closed all time high today. This stock might be getting push from that - in that case it will just return to the channel in the coming weeks.
The stock did not see significantly higher volume when it broke out to new high - volume was same as average volume - means no new buyers/news etc.
HIBB -Upward breakout trade from $24.75 to $35.93 HIBB is running sharp upward in the short term & in the long run it is going up from its lower support of the long term downward channel formation. We think it has very good upsdie potential from here.
* Trade Criteria *
Date First Found- January 11, 2018
Pattern/Why- Long term downward channel
Entry Target Criteria- Current price ($24.75)
Exit Target Criteria- $35.93
Stop Loss Criteria- $20.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
XENE - fallen angel pattern Long from $2.91 to $3.43 XENE seems breaking out of its downward channel formation. Twiggs money flow crossing to the positive side, and it has insider buying.
We think it has good upside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- downward channel breakout, fallen angel pattern.
Entry Target Criteria- Current price ($2.91), Ideally look for a pullback
Exit Target Criteria- 1st Target $3.43, 2nd Target $4.43
Stop Loss Criteria- N/A
Indicator Notes- Very strong Twiggs money flow index.
Special Note- Some insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)