Long-trade
Hello Pal Huge Trade Potential [PENNYSTOCK]Right out of the gate I want to point out that if you are not a user of stop losses or alerts then this trade is probably not for you as this is an illiquid asset which carries much risk.
With that being, said if you are disciplined and experienced, then we have a very intriguing trade setup here in Hello Pal International. A stock with a very low marketcap that has appeared to be exiting a distribution phase that it has been in since March.. fast forward to August and it now appears to be entering an accumulation phase if a few of the following things hold true:
1) We hold support above the $0.4609 level. This is the key level to watch as this level would be significant if held as it corresponds to the .236 fibonacci retracement of the recent all time high all the way down its second lowest low in its history, put in last September. So the fact that price has climbed its way all the way back to the level it is at right now is no small feat and requires much attention from a bullish perspective.
2) We find ourselves right above the support of another .236 fib retracement level.. this retracement however corresponds with the all time high just down to the most recent swing low at $0.4259.
This is some nice bullish confluence that seems to suggest that HLLPF could be gearing up for a major run soon.
Exactly where we are right now just $0.5095 is a decent long area with the optimum long being inside of the buy zone in green.
This means you would be very wise to have stops just below $0.4259 area as things could get very volatile quickly if there is a daily candle close below this price point.
On the other hand if support is maintained here, you could be looking at a 35% gain before hitting the first real signficant level of resistance at around $0.7042.
Above that the next major resistance level would be the 50% fib retracement of the all time high to September low mentioned earlier. If that level is reached and held as support, there would not be much in its way until the common reversal area of the .786 fibonacci level.. all the way up near $1.46. If this price point is reached that would be a total of 180% approximately. And that is assuming that the asset puts in a bearish lower high. In other words, this could go much higher.
*EXPERIENCED TRADERS ONLY
**PLZ USE STOP LOSSES AND ALERTS
***NOT FINANCIAL ADVICE
Long on GBPCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price given a breakout and done its retest.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
BUY in GBPCHFHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price broke from its DESCENDING CHANNEL. One can go long .
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
The Bull Case for Bitcion - BITCOIN DOMINANCE Cup and HandleHere is what I am looking at for the potential bull case for Bitcoin in this volatile market. There is a Cup and Handle Pattern developing on ticker BTC.D aka Bitcoin Dominance. This tracks how strong Bitcoin is against all alt coins. If this breaks to the upside past the neckline, we could see a 13% pump to the upside against altcoins. This in turn could also pump Bitcoin ticker BTC to be clear, up 13% also. The price target for this potential long trade would be $49,000 - $50,000.
If you are Trading any breakouts, always watch the volume. In a perfect world you will want to see a volume spike to confirm the breakout. Next issue is Throwbacks and the fact that a Tweet can influence the market.
The narrative going around right now is that Bitcoin will start recovering after all the coordinated FUD is over with. A good indication that the narrative is changing is you will start to see some hype about Bitcoin and it should start winning some of those arguments. Especially, the electricity narrative and how much Bitcoin is actually mined using clean energy and how that will improve over time.
If you like these updates give me a follow and a like and I'll keep calling it like I see it.
And if you are wondering what the big read diamond is and yellow x's, I use Market Cipher. If you haven't seen anything about the creator of the indicator, go check out @CryptoFace on YouTube he is a legit trader using only this system to crush it. Good community too.
- Flava
EURMXN - LONG - Possible Trade Upcoming in #April #Forex #LongHi Guys,
As it's closing in on the end of the month, i've started looking at some options for April.
I've come across a potential LONG on the EURMXN with an R/R of 3, I say potential because we're not in a position yet to place the order.
So to explain the analysis, we're currently on a March long downtrend referred on the chart as dt1, and also closing into supports at Up1 and Sup1.
I think we're really early for this at the moment, but i've set alerts on dt1 as well as Up1 to see if we get any early action this week.
I'm really interested in convergence point "a". If price action either breaks through dt1, and retests, i will be considering a long. If price action moves sideways and outside of the dt1 downtrend, i will consider a long.
I will no longer consider a long if the price breaks down and significantly passes Up1.
Thank you for taking time to read this,
For_The_Many
EURJPY H4 - Long SetupEURJPY H4
Seeing some decent corrections across EURO markets this morning, specifically EU and EJ which is good for us and what we have marked up. We have been waiting for an EJ correction since early last week!
We are always scouting for our H4 entries, so sizeable corrections like this are good for us and how we trade, especially when markets are very one sided, it pulls us away from our H4 analysis and lures us in to our H1.
DXY H4 - Long SetupDXY H4
This throws a bit of a spanner in the works as we now have to wait for support above 91.000 to hold to confirm USD bulls. Realistically it's expected markets would have corrected beneath 91.000 as we saw a 1400 point rally. It's only natural it sees a relative market correction.
Looking for a bit more from the USD across the board to confirm USD bull/bear bias. We have a mixed bag of analysis still as highlighted on the technical rundown video.