GBP / USD Short IdeaBearish Chart pattern forming on 4h / 1h timeframe indicating a potential uptrend reversal which could retrace to the 0.382 Fibonacci Level and beyond.
This trade idea offers an excellent 5+ Risk to Reward Ratio for the remainder of the week and due to the UK's troubles of tax, political unreasonableness and general economic horror i expect this resistance level once support to allow for big selling opportunity for people trying to reject the recent Bullish pullback on the Pound.
- Note to never risk more than 1-3% of your account on any given trade.
- Stop Loss 47 Pips above sell bracket.
- Stop Loss is 76 Pips above entry point.
Opinions on GBU / USD?
Medium
Sept 22nd - LINK - Possible Long if breaks triangle1D tf
Looking to see if LINK will break the descending trendline
Can enter now at 6.80 - 7.10 area with a SL at 6.18
OR
can wait for price to break and hold at the descending trendline at around resistance at Target 1 (7.622 area)
Target 1 = 7.622 area
Target 2 = 9.530
Target 3 = 12.287
VAKRANGEE - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
AVAXUSDT 1D Medium-term trade - our target $30We are already forming a series of ideas on the AVAXUSDT trading pair.
We published the last of them a week ago.
During the week, our assumptions are confirming that the AVAXUSDT trading pair is currently consolidating with a set of long positions. The trading delta shows the superiority of purchases over sales in the period from 06/26 to 07/13
Also, for almost a month, the Avax price has been consolidating above the critical support level above $15.
Such input data for Avalanche token price gives the right to enter a medium-term trade:
Entrance $16.50
Stop $14.54 (-12%)
TP1 (50% position) - $26.74 (+62%)
TP2 (50% position) - $29.94 (+82%)
P/L ratio 7/1
Fixing the AVAXUSD price below 15 dollars paves the way for the price to fall to the region of 12 dollars.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BTC RWI StrategyWhen things get confusing I like to pull out the Random Walk Index strategy.
It measures logarithmic returns but in a different way: it runs a randomness test on a period of prices. There is a red line, the downtrend strength indicator, and the green line, the uptrend strength indicator. When either trend crosses above 1.0, the probability that the trend is random approaches zero. Think of flipping a coin and landing on heads 7 times, it could be truly random but the probability continues lower as you continuously land on heads. When the trend is said to be "not random", the market tends to be unreasonably extended, which seemingly almost all of the time causes a technical reversal. Think about how trading is hard: it's hard *because* the price is usually random. When the price is not random, a spring-like reaction happens, like starting a fire. The reaction happens until the it runs out of energy to sustain itself. Then, it goes below 1.0, which aligns, at least in this chart, with a low-risk market entry. I should mention however, even though it measures a good entry, it does not always give a clear exit signal above the 1.0 mark. Some short-term peaks give readings below 1.0 which can be confusing. Therefore, you should define how much risk you're willing to take once you've got profit. Don't risk what you cannot lose.
In this chart:
signal = 7 week RWI. The randomness probability of the last 7 weeks, aka semi-quarterly (add on a few days for noise). This is the basis of the trade idea timeframe.
white line = 130W avg. It's a historical resistance after a selloff of this magnitude. Expect volatility here.
blue line 200W avg. We usually bounce off this line to meet the 130W. Expect resistance there.
yellow circles = means the trend is now random and has bounced from the 200W avg to above the 130W avg.
Parameters:
Wait until the uptrend line passes through the 0.8 to 1.0 range to enter the trade. If this happens and the price stays above 18500, all is well, otherwise, expect a sideways trend or possibly gloom and doom! On a 50 day basis, this seems like a good idea, but other unknown timeframes may dominate the market currently. For example, perhaps there's a 12 year trend looming that's about to dominate the price and all market averages plunge downward? Spooooky. Don't risk what you cannot lose.
Reasoning:
The crowd is fundamentally bearish, and embarrassingly so. Pivoting bullish makes sense logically. We've seen the largest rally since March in global markets. But this has been a point of breakdowns for the past ~10 months and the market is hesitant. There has been several large breakdowns and the crowd assumption is that there will be another breakdown right around now. However, the crowd was unable to predict these first big breakdowns which tells me they are probably wrong this time as well about a subsequent breakdown. Being a contrarian, I think we will see higher highs locally, possibly the 35k area, but wanting more confirmation is reasonable. We could dip a bit to the 20k area before making "the move". But take my ideas with a grain of salt: I am hedged against myself. Assume we could make another wave down or a sideways wave. Don't risk what you cannot lose.
What do you think? Crazy person is at it again? BTC will go sideways even more? More dumping? Please voice your opinion (I value all opinion, thank you) below and thanks for taking a look!
Investopedia link for RWI:
www.investopedia.com
Good luck and don't forget to hedge your bets!
BTCUSDT 6h Long medium-term BTC trade to $28974Today we bring to your attention Medium-term trade for the BTCUSDT trading pair within the framework of our previous idea.
Everything happened as we imagined, expected and wrote in previous Bitcoin idea.
There was another upward impulse BTCUSD price to $24700 and from there a downward correction began, which continues 5 days.
Now signals have begun to appear for the emergence of a new growth impulse, so we offer to your attention a medium-term BTC trade on the following terms:
Entrance $23011
Stop $20994
Take profit $28974
Profit/loss ratio is 3/1
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Bitcoin - a short, medium and long view in outlookBitcoin has lost a critical local support zone, also coinciding with the loss of the lower pivot in the local downtrend (1H).
At 4-hour levels, the bearish channel that has formed and the rejection at the top of the bullish channel can be seen even better.
In the daily scenario we continue to hold the bearish channel with a re-entry and rebound that could swing the price back between $22,000 and $20,000.
A clear entry point is yet to be established, and we expect high volatility dependent on financial markets. If these pick up, we can get a short target with entry at $28,000.
In the event that the stock market is more affected in the short term, the support of $20,000 and $18,000 could be in danger, since a double top pattern on historical highs has been completed, whose projection could take the price of Bitcoin to $14,000.
SOLUSDT 12h Medium-term trade - our target $79Last week, we published the idea of the SOLUSDT trading pair, where we highlighted the main liquidity zones for the last 2 years.
Over the past week, the SOLUSD price has been consolidating above the important price zone $30-31. Even yesterday, when they tried to spill prices in the entire cryptocurrency market, the buyers of the Solana token were able to hold the SOL price.
This behavior of buyers and sellers at SOLUSDT chart price allows us to take a medium-term long position under the following conditions:
Entry 33,11-33,51
Stop 27,84
TP1 - 58,80
TP2 - 78,84
By the way, yesterday we already published the conditions for the selection of two medium-term long positions:
AVAXUSDT:
SANDUSDT:
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
PLUG:Higher high?Plug Power
Short Term - We look to Buy at 15.44 (stop at 12.51)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward.
Our profit targets will be 23.88 and 26.00
Resistance: 25.00 / 32.00 / 45.00
Support: 15.00 / 10.00 / 5.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
XRPUSDT 12h Medium-term trade - our target $0,44At the beginning of the month, we published the XRPUSDT trading pair idea on the daily time frame to cover the last two years of trading and show the main liquidity zones.
Then we wrote that in the coming days the main task for buyers is to keep the XRP price above $0,30.
Well, 11 days have passed and at the moment, XRPUSD buyers have completely coped with this task.
Accordingly, those who like or believe in the Ripple project, or those who care about risk management in trades, can issue the following order:
Entrance $0,315-0,325
Stop $0,2874
TP - $0,44
P/L ratio - 3.7/1
This is the target for medium-term trade. The global growth target is higher, but more on that in our next reviews of the XRPUSDT trading pair.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
KCSUSDT 12h Medium-term trade - our target $11Last week we posted the idea of a KCSUSDT trading pair on a large time frame to capture the overall picture of a falling channel.
They also we wrote about a possible reversal pattern and on the fractal, which the Kucoin token price could move.
However, the consolidation of the KCS price is delayed
The consolidation is likely to continue into a triangle before shooting up.
We can issue an order for the purchase of a medium-term long position under the following conditions:
Entrance 8,80-9,00
Stop 8,14
TP1 - 11,14
P/L ratio - 3/1
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Nifty hovering around critical support of 15050.Holding 15050 will be very critical for Nifty 50 in order to not fall totally into the bear grip. Not that Nifty isn't in bear grip already but falling below 15050 will be indication of real weakness which can take Nifty searching for supports which might be available only near 200 weeks EMA or there about.
Critical Support Zone for Nifty or (Reversal zone 1) can be 15180 and 15050. Closing below 15050 would mean that critical support has been broken.
Further Strong supports thereafter will be: 14692(Reversal Zone 2), 14356, 13945 and finally 200 Weeks EMA at 13767. (Reversal Zone 3).
Once there is a strong reversal the resistances will be: 15949, 16529, 16912 and finally 17308.
Whenever the next bull-run starts the new top will be around 20203. (Medium to long term out-look is still very positive).
Ethreum - Medium Term Trading Idea - 18 May 2022KRAKEN:ETHUSD in the past week collapsed to $1'720 and finds support at mid-2021 lows. There is a big probability of over 70% to start some kind of accumulation, but big whales will try to drop it even lower over $1'600 - expecting this scenario in action at the beginning of June.
What is the supported thesis technically for the expected scenario on Ethereum?
- 9 months wedge formation will take a pressure on price action in the next 1-2 months
- The MACD indicator hits low points and soon will start forming some flat
- On Daily TF the downside impulse is still not finished
- Don't over-react the situation is still nothing so scary
If you have any questions related to this trading idea I will be happy to provide you with answers.
EUR/USD [2] Short/Medium TermAnalysis of EUR/USD Short/Medium Term. The price showed two different bearish impulsive with similar depth. The price action is bear structured. As I showed in the Long term view there are two main lower targets that could be achieved such as 1.06382 and 1.04450. This view is confirmed with a break-out of the 1.0701 area.
Probably, this week we could assist at a retracement up to near 1.08213, as the first demand zone. If the price breaks up the structure, the next main important area becomes near 1.09534 with a bigger Risk-Rewards for a hypothetical sell.
The break up of this last one could mean a probable rupture of the big curve channel. In my opinion, for having a view like that, we have to wait for an hiking rates from the ECB for a recovery of the euro.
The brightness of areas (RED) means the importance of that area.
Keep updated and subscribe!
GOOD INVESTMENT OPPORTUNITY
Price has formed a Demand in Higher Timeframe, Post reacting to the Higher Demand we have Price again forming new Highs and a Freshly formed Demand is a Trade Demand.
BTC Long- Term1. BTC After Crossing MA 50 (Orange Line)
25th July BTC Up from 34k to 69k till 21st Oct (Double in 3 months)
2. Closing Below MA 50 (Orange line)
Nov. 16 BTC down from 63k-32.9k till 24th Feb (Almost Half in next 3 months)
3. Now again on March16 BTC closes above MA 50 again
Current Price 40.5k - Hoping 80k-85k in next 3 months i.e.15th June 2022) SL Should be 38500 daily closing
Further rally can be extended till 100k-125k
Disclaimer: This channel is not financial advise, it's my observation and opinion
Capitulations or fakeouts are good signalsThis is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break.
After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things:
Scare the sellers with bad loses
Add tons of liquidity or volume around these prices.
Plus, the MACD gives a delayed, but great signal to ATH. And the fundamentals are looking great:
www.etoro.com
So, I can do 2 things, go for different mini trades in the 4 hours allocating 0.5% to 1.5% of my portfolio and leveraging those either X2 or X5. Or I can go the low-risk option and add a larger allocation, up to 5%, and just let it be there.
1) Short-term trading (swing trades) with low leverage:
The Pros of this strat are having more capital to open other trades like BTC (which is moving now) or just having cash for hedge purposes.
The Cons is the risky trades as I can lose that capital easier in this way as the short-term trades are usually fewer probability trades.
2) Long-term position with higher allocation.
On the contrary, a long-term position is a higher probability trade, not a time-consuming (a simple SL and TP order would do) position, but it allocates a large amount of capital.
I'll try to do half and half this time.
Let me know what you think about this
Bitcoin Adoption in El Salvador is HUGEWhile the majority of the companies in the survey pool were small businesses as they account for 71% of the respondents, 16% of them were large companies and 13% were medium scale businesses.
What this survey shows is that despite the litany of moves the government has made to drive its people towards Bitcoin, the level of adoption is still considerably low.
Despite the low adoption rate, President Nayib Bukele remains bullish on the flagship digital asset, and the country currently holds around 1,800 units of the coin.
El Salvador’s Bitcoin Bond plan hits a snag
El Salvador’s plan to build a Bitcoin city financed by a $111 billion Bitcoin bonds appears to have hit a snag as the country’s finance minister, Alejandro Zelaya, in a recent interview with a local TV station hinted that the ongoing war in Ukraine could impact the implementation of the bond.
The bond was first announced in November 2021, and it was revealed that half of the money generated from the bond sales would be spent on building infrastructure and geothermal energy-powered Bitcoin mining. The other half would be used to purchase Bitcoin for the country.
Why Laxmi Organics is a strong Short to Medium term BUY NSE:LXCHEM
TEN POINTS
1. Laxmi Organic Industries is a specialty chemical manufacturer, focused on two key business segments - Acetyl Intermediates (AI) and Specialty Intermediates (SI)..The company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Laxmi Organic exports about 25% of the manufactured products.
Additionally, it is the only manufacturer of diketene derivatives in India with a market share of approximately 55% of the Indian diketene derivatives market in terms of revenue in FY21 and one of the largest portfolios of diketene products
2. Stock gained 50% in one month only after listing -hitting a high of 628 and reported a significant jump in its net profit to ₹98.68 crore in the quarter ending June as compared to ₹18 crore in the corresponding quarter of the previous fiscal. Its revenue from operations also witnessed a massive jump to ₹689 crore from 354 crore in the year-ago quarter.
3. However massive rainfall in Pune factory forced the company to close one of its factories for some time during the SEP 21 quarter and Net profit tumbled from ~98 cr in SEP 21 to 10.3 cr in SEP 21 qtr.
4. Coupled with profit booking the stock tumbled to 385 levels.
5. After a 3 month consolidation the company seems to be turning around its limitations shown in the previous quarter.
6. On the positive side- India Ratings and Research (Ind-Ra) has upgraded Laxmi Organic Industries Limited’s (LOIL) Long-Term Issuer Rating to ‘IND AA-’ from
‘IND A+’. The Outlook is Stable, the ratings agency quoted
7. Despite 60% decline in SI volumes on qoq basis on account of 45 days shut down at SI Unit (Mahad) which caused heavy loss, Laxmi’s H1FY22 profits were close to FY21 performance led by rapid growth in specialty business and higher spreads in acetyl business during the first quarter and normalised acetyl spreads during the second quarter. There is a strong visibility on SI order book for H2FY22. Laxmi has acquired significant international accounts during Q2FY22, as 24% of SI sales were from exports as against 5% in Q2FY21.
8. Buying at current levels is recommended for a short to medium term target of 500-520 for the short term and 620 for the longer term.
9. Maintain stop loss around 430
10. Risk reward ratio of 1:3