Longtrade
NIO Beautiful Double bottom, 200MA support, possible move up ?Published 4/3/2021.
Current price ~ 39.55USD.
Chart- Daily.
NIO had found support on the 50MA earlier with a double bottom and had bounced off for great gains before the current retracement.
Double bottom and support on the 200MA now is a good entry point.
With the RSI bouncing off the current key level to watch is 40$ with a good volume spike!!
ETH looks super bullishETH looks super bullish, might show some little correction but the overall sentiment is super strong. T1 - 2800
EURUSD Long Trade SetupThe downward movement could be over, and we can have a pretty big correction. That's why I want to take a long trade. It looks like we have a complete reversal pattern. Now, I'm waiting for a small sideways movement after the break-out to place a pending order. As you can see, there is a chance for a correction under the blue trendline and probably one last drop. If I see it will happen, I will hedge my trade.
SC Ascending trianglei think we will see a few more day's of shaking out weak hands. This is very heavy resistance we're at right now.
During the previous bull market we saw huge volume with this area acting as support and resistance so there are a lot of bag holders that needs to be shaken out before we can go up higher.
First target should be around 0.025 possibly 0.03 then we will hit another point of resistance.
GBP/JPY Long Buy LimitBuy Limit 150.844
TP 152.138
SL 150.582
Raising channel
Entry position is touch of lower trend line of channel + 0.786 fib level & Support/Resistance level
Aiming for raise to upper trend line & -0.27 fib @ 152.138
Any feedback greatly appreciated
BTC LTF - HTF Perspective BTC on the 1HR , 4HR , 1D, and the 1W .
Potential levels marked on each TF Just to show each different perspective .
XAUUSD Long Trade SetupI took a long trade because my expectation is the yellow C. But what is in the making after the yellow B can become a correction. That's why I'll move SL to BE if it breaks the previous high at 1731.50. Then we will see if it will keep going up. In the case of the yellow C, I'll hedge my trade. So I didn't buy it to book my profit. As you can see, its R:R is not good.
AUDCHF Long Trade SetupMy expectation is one more upside for a complete corrective structure. If it goes up, the top of the blue B should be broken, and I think the top of the 5th wave won't. Now, I'm waiting for a correction and a small trade setup to place an entry order.
EURCAD Long Trade SetupWe may have a complete weekly corrective structure. Actually, I was expecting for another drop, but instead of that, it broke the trendline, and now, it's making a correction after the break-out. A new low is still possible, but in this case, we will probably have a bigger correction first. So I want to take a long trade. If it goes up, we will have a quite big impulse. In the case of a correction, I'll hedge my trade and buy again after the new low. Now, I'm waiting for a reversal pattern to place a pending order.
GOLD - IMPORTANT POINTS FOR 2021Hello everyone, to trade Gold in 2021 we have IMPORTANT points. Now we are in the 1584-1778 channel, above 1681 (neutral line) next step is 1584. Crossing 1584 on the monthly candle we go to 1390.
How much COST to the moon?COST followed fibonacci levels in the recent past, reaching its minimum and then bouncing back up.
I draw its possible future path, that can go much over the highest price ever reached.
In my opinion, this is a great buy opportunity for a medium-long term holding.
In case the STOP LEVEL will be crossed down, I will close and reverse the position.
Lights on bullsHere I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
Objective long entry for MJ As MJ has corrected 42% from the recent high, it offers an objective long entry as it is bouncing on triple support: down trend line since September 2018, horizontal support, and recent up trend line since November 2020.
XAUUSD Long Trade SetupIt got a reaction from 1.272 extensions. The daily structure can be a complete correction and the next wave can make a new all-time high, or we can have a correction for more downside. It's not clear which will be the case but in both scenarios, having a long trade will be a good idea. That's why I'm waiting for a complete reversal pattern to buy it.
EURAUD Long Trade SetupI'm waiting for a new low for a regular flat and then a reversal pattern to take a long trade. My forecast is a quite big correction in the daily time-frame and the last low should be its starting point.
CHFJPY H1 - Long Trade SetupCHFJPY H1
The pair we were watching closely yesterday, caught a great close on that yesterday before seeing rejections, hopefully we see something like this unfold, very much what we saw yesterday with CADJPY.
Eastern corrections following by EUR/LON continued bulls, same goes for EURJPY. CHFJPY isn't correlated like those other pairs so much because of risk holdings, but something to note no doubt, YEN is NOT performing well.
USDCAD Long Trade SetupI'm waiting for the end of the B wave and a reversal pattern to take a short trade. In the bigger picture, my expectation is a pretty big correction, and my target for the first wave is 1.33, which is 0.382 retracement of the whole drop.
USDCHF (H4) trade idea for 75 pipsbreakout and bouncing off strong resistance level with up trend and pullback over 0.23 fib level for completion its way to the next resistance level
GBPAUD Long Trade SetupPattern-wise, we have a complete regular flat and a potential reversal structure is in the making. That's why I'm waiting for a small correction to place a pending order. If it makes a correction for more downside as it did inside the A wave, I'll hedge my trade and buy it again from the bottom.
