Cadjpy daily channel break+retestCADJPY has broken out of a daily descending channel and is retesting.
It is also came for a third bounce on a 4H ascending trend line.
Daily 50ema and 20ema have crossed giving further confluence of bullish pressure/trend change.
My trade:
BUY CADJPY @ 82.90
SL @ 82.70(20)
TP1 @ 83.90 (100) 5:1
TP2 @ 85.25 (235) 12:1 SWING
A low risk trade, lets see how it plays out.
I am being weary of a possible rejection of the weekly 50ema which has previously held as a dynamic resistance, however the daily emas crossing male me believe in price pushing higher.
Lowrisk
GBPUSD - Long with low riskThe market is in a downtrend. Maybe it makes a correction until 1.25742 for retesting the area.
We have a risk-to-reward ratio of 1 to 6.
If the market breaks the level of 1.25100, we exit the trade with a small loss.
Otherwise we enjoy our profit and let it run!
All the best!
PFE- Potential very low Risk:Reward swing trade incoming?Hello all. As you can see I've been all about the low risk, simple swing trades these days! I believe if PFE hits the first green zone and stays in the channel, this should be a simple trade within the channel. I believe it may hit at least it's previous high, putting this swing at 30% profit if executed properly. This would be a good one to just do a partial profit take, or let it ride to see where it ends up with a conservative trailing stop. The continued growth is obvious and well, they make Viagra, sooo.....
USD/JPY - Intraday long set-upWe can see that the price on the daily chart has tested EMA 50(HIGH), EMA 100 & 200 too. These could be big supports for the USDJPY pair. It is testing another monthly support (all red horizontal lines). The next demand zone might be at the bullish trendline, where we need to see a confirmation at least on 4H chart.
It looks like there could be a pin-bar on the four hour timeframe, which should be our bullish confirmation for the intraday set-up. There are EMA’s, monthly support, bullish trendline and maybe a bullish pin-bar on the 4H chart. There are all strong arguments for a LONG position.
For the SL and TP targets, look into the comments below.
ENTRY: After pin-bar confirmation (around 111.110-150)
TP: 0.5 Fibonacci retracement at 111.550 (or in the area of 111.370-111.550)
SL: Below the pin-bar at 110.920
Low risk setup for LPTWhy is this setup good?
-Contextual uptrend
-Momentum building on MACD 12-26
-First reaction (contraction) since MACD crossover
-Trigger Candle testing EMA 3, 50 and 100
-Low Setup Risk - just 1.62% in risk
Entry rules:
-Buy Stop order or Manual Buy at 43.14 at the next interval(candle) open
-Cancel the order at the end of the day if 43.14 does not get triggered
-Stop Loss (S/L) level at 42.48 (adjust position size accordingly, don't risk more than 3% for your current account balance)
Trade management
-Move S/L to break-even when price CLOSES above 43.23
Exit rules:
-Target 46.40 (Risk-Revard ratio ~4.66)
Silver is a Screaming BuyAll long-looking indicators point to silver being undervalued vs gold. Top chart shows silver candlesticks vs gold red line as percentage returns since 1998. Middle indicator is the Trader's Dynamic Index (TDI) which holds a combination of moving average, volatility and momentum trends. Bottom indicator is the infamous Gold:Silver ratio.
Silver is sitting on top of the .382 fib level support shown in the chart, which is where the current cost of production resides around $14.75/oz. Low risk, high reward - this is a perfect setup for those interested in making an inflation play going toward negative rates, QE4 and the end of the petrodollar.
% Returns Analysis: Silver below Gold -> Silver undervalued
Fibonacci Level: Strong support at cost of production near $14.75/oz
TDI: Bullish divergence in formation
Gold/Silver ratio: 83:1 -> Silver undervalued
USDCAD down trend continuation USDCAD reversed from Weekly ascending channel's resistance (yellow channel) around 1.3665 last days of 2018 and had 6 days of aggressive selling
It is consolidating for last 6 days
4 of last 6 candles were very weak bullish candles and couldn't go above on last bearish candle so the selling pressure is still high
there are 2 options to trade this setup :
1) breakout of bearish flag (little red channel) or breakout of 1.3180 support line
2) enter around 1.3325 and 20EMA (the red arrow down) if we had a nice bearish signal (pinbar or engulfing or ...) on 4H time frame
in both cases the stop will be above 1.3325 and targets will be channel's bottom or 1.2790 support shown with green flags
i like the second way because of higher reward to risk ratio
if price broke above 1.3325 this setup is not valid anymore
please like and follow if you like this!! :)
GBP/NZD 250 PIPS WILL BE MADE - HIGH PROBABILITY / LOW RISK
It appears that once again the price was dumped into the psychological level: 1.8650 (in the midst of large fundamental talks) before price rallied 250 PIPS to the upside & potentially wiping out many traders short profits on the day.
The price action is as clear as can be and for as long as the pair trades above 1.9208 (weekly SUPP) then I expect buyers to step in, price to rise and some temporary faith to be restored in the hearts of those giving up the most energy to let their 'voices be heard' throughout the Brexit talks, votes and whatever other manipulation of the masses is occurring in the here and now.
I always remain chart focused with a 10% outlook over fundamentals. After today I would be very surprised if GBP/NZD sinks into new weekly lows! Many stops will be lurking just above 1.92408.
Low risk setup for TRIPWhy is this setup good?
-Contextual uptrend
-Price continues moving in the direction of main trend since it bounced at longterm support EMA (200)
-Momentum building on MACD 12-26
-First reaction (contraction) since MACD crossover
-Trigger Candle testing EMA 3, 6, 18, 50
-Good Risk-Reward ratio ~ 5.15
Entry rules:
-Buy Stop order or Manual Buy at 57.89 at the next interval(candle) open
-Cancel the order at the end of the day if 57.89 does not get triggered
-Stop Loss (S/L) level at 55.78 (adjust position size accordingly, don't risk more than 3% for your current account balance)
Trade management
-Move S/L to break-even when price CLOSES above 58.11
Exit rules:
-Target Profit LVL 1 or LVL 2
Low risk setup for MRKWhy is this setup good?
Strong contextual uptrend
Price continues moving in the direction of main trend since it bounced at support EMA(100) and EMA(50)
Momentum building on MACD 12-26, MACD signal line crossed the 0 line
First reaction (contraction) since MACD crossover
Trigger Candle testing EMA 3, 6 and 18
Low Setup Risk - just 1.29% in risk
Entry rules:
Buy Stop order or Manual Buy at 79.58 at the next interval(candle) open
Cancel the order at the end of the day if 79.58 does not get triggered
Stop Loss (S/L) level at 75.26 (adjust position size accordingly, don't risk more than 3% for your current account balance)
Trade management
-Move S/L to break-even when price CLOSES above 76.70
Exit rules:
-Target 79.58 (Risk-Revard ratio ~3.41)
Vibe Is Sitting On Its Pivot PointExpect a bounce up to its previous highs.
As soon Vibe falls back into its 1st standard deviation a reversion to the mean is likely and the long becomes a short.