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Moneymaker

USDJPY 7/22/22 UpdateWe have USDJPY on daily chart that has been on a uptrend for a very long time and now it's looking like it reached its high level around the 139.400 and it's giving us the sign of a possible reversal coming up for the week. There is the uptrend trendline it's been respecting, and it looks like we will be breaking the trendline indicating a huge sign of the sell opportunity coming up around the level of 134.700. We can expect the breakout of the trendline and then a little pull back just to retest the support level I marked to see if it's strong enough to go back in the trendline making it a false breakout or simply just to pick up more orders around the support area and conform we have a big sell coming up. I would highly recommend waiting until we see the pushback to the support area just to get that extra confirmation that in fact, we have the sell.
Short
by Juliansd
3
RSI Indicator & How To Use ItHello everyone, today, we´re gonna talk about an RSI and how to use it. What is an RSI? Basically, it´s an indicator that shows if the asset is overpriced or underpriced. Basic information RSI is 0-100 if the price is at 0-30, the asset is underpriced and theoretically it should go up. if the price is at 70-100, the asset is overpriced and theoretically it should go down. Professional information You can set an MA based or RSI moves. And this is getting really interesting right now :) Every time, the MA is touching bottoms or tops of RSI, it will go up or down (touch bottom = go up, touch top = go down.) It works like an ball and floor. You just drop the ball on the floor and everytime the ball touches the floor, ball will just bounce and go up. I drew it to the chart (green circles). Okay guys, seems like we are in the end. Hope this helped you to make greater decisions and take good view at RSI. Personally, I use RSI a lot and it´s really saving my a$$. Thank you so much for reading my post, I´ll be really glad if you will hit that like button and follow me, so you can see other tutorials. Have a nice rest of your day and stay safe. Tommy.
CAPITALCOM:OIL_CRUDEEducation
by TommyTK247
Ascending Triangle Breakout & Re-test COF recently broke out from an ascending triangle pattern and established a new higher high. So what's next? I expect the price action to return to the previous resistance zone (highlighted in yellow) of the upper ascending triangle and find this zone as support, in turn establishing a new higher low. Long lower wicks on the 4H and D candles as the price enters this key area is a signal of bullish support, thus complimenting my thesis. I'll also be looking to achieve a fib retracement between 50 and 38 in addition to the 20, 60 and 120 MAs in sequence. The ultimate entry indicator for this set-up is for the price to stick above the 20 MA as the price enters the 50 and 38 fib retracement level while also entering the support zone. RSI will typically be between 60-70 during this period too and is another supporting technical indication that the support level will hold. COF is in an uptrend supporting the swing long decision, always trade with the direction of the overall market. Plus healthy fundamentals and general economic market conditions, there's plenty of support to suggest COF will be prime for a swing long position by the end of the week into next week. I'd look for an 8-11% increase from the support zone with a stop loss placed below the ascending triangle structure, aiming for a 1-3 risk-reward ratio where possible.
NYSE:COFLong
by LewisDicko
MKRUSD Heading Towards $3000+Taking a look at MKR on the daily time frame we can see that it is currently testing even with the February 2021 swing high level placed at the $2696 - $2837 zone. During the last week of June and going into the start of this month, all the top cryptos sold off a bit to stop out the over-leveraged longs before moving back up. The bull run isn't over, it's just a matter of 'How and when' its going to come back. At the moment, the highest level of support is $2837 and the resistance level at $3100 has already been tested once. This being said, the next true level of resistance is placed at the $3751 level and that is where I have my sell order placed for a 30% gain. I do not know how long this move is going to play out, I am simply just reading the trend and sentiment of the market. Attached is MKR on the 4H Time Frame We can see that MKR dropped below the longer term trend created from that same February 2021 swing high level and then eventually regained it as support after stopping out over-leveraged longs. This currently looks like very great bullish momentum that is going to continue now. I was a little bit skeptical about the current trend of the market up until the day before yesterday when i've been able to properly analyze the more candle data that was given to me. The 1st target if you want to lock in profits and feel safe about this play would be at the $3100 level, which has already been 1st touched. Expect a quick touch and pullback from this level before pumping up the rocket fuel to $3751. From that point, this is a significant level that many traders will take profits from, so expect a decently sized correction from that. As always please do your own research, I am not a financial advisor.
Long
by kyer
3
GBPAUD - Perfect confluence - up we go!As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which matches perfectly to a good level of structure and the 50% fib. So, we have 3 confluences, 3rd touch trendline, good level of structure and also the fib. All of these lead us to believe the market should see a nice upward momentum. Please drop your thoughts and comments below :) Any questions don't hesitate to ask.
Long
by UnknownUnicorn6441570
i am liking this for today 9/30today is gonna be the day to scalp this a couple times i think good entry's will be between $1.20 and $1.30 and first sell point will be $1.50 to $1.60 range and with support at those ranges i can easily see this getting to around $2.25 to $2.50 range maybe even higher...please remember i am not a professional these are just my opinions please do your own d.d before investing. And please trade responsibly but i believe there is lots of potentional this week with this stock
G
by naiyelir4201