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Moving_average

USD/JPY Profit Target achieved 300pipsBasically this was a wonderful trade cause it was easy to identify, i will break down as follows: So we had a nice continuation to downside until we saw huge bullish volume pushing price high cause of the positive CPI which indicate likelihood of interest rate high. So with the volume and break of neckline of the structure we see a nice indication of change of trend as show below After breaking structure we saw price retrace to fib level 50% level which respect the triple bottom support and spike of huge bullish momentum this gave a clear indication of new highs so we waited for price to retrace to the neckline and entry for a buy to next liquidity level which is close to -0.27% If you guys love this breakdown leave a comment below
Long
by ShinForex1
NZD/CHF SELL SETUP !!!Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside. So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support Nice risk to reward Follow me for more breakdowns like this
Short
by ShinForex1
FSLY - Could betTurning the cornerFSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon news" remains to be seen. What is more important is that the longer term price recovery is likely to be underway owing to how the stock has been behaving: 1. Rounding base has been forming in the last 9 months with its 200 day MA slowly flattening out 2. Went above its 200 days Moving Average since above 2 weeks ago (dipped back below only briefly ) 3. Golden Cross approaching 4. The huge volume and gap up on 13 Feb could be a potential breakaway gap (though we can only confirm on hindsight). Unless earnings disappoint greatly and send the stock crashing badly again, it could be time time to accummulate on near term dips, especially if it can hold above yesterday's candle low @ 12.16. (sign of strength if it it does not dip below here, no go it dips sharply below) However, being a penny stock, % movement can be huge (both ways) hence suggest not to not oversize in order to withstand volatility with trailing stops catering to least 10% - 12% pullbacks. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:FSLYLong
by Juliac
2
CADCHF: potential long moveHere is my view on CADCHF- 1.A long position can be made now as we broke the DTL and now price is retesting it again + 4H 50EMA. It is riskier because the price has not yet broken the daily 50EMA and the current resistance zone (~0.69200), but it gives a slightly better entry for a long position 2.If you want to be more conservative, just wait for a breakout of the current resistance zone and Daily 50EMA and the retest of it for entry Here is how daily looks like:
Long
by JivkoXristov
Moving Average Method SPY OptionsSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Bars on far right are volume shelves, the ones that stick out furthest left are also support and resistance spots. Happy trading.
AMEX:SPY
by kwiktrip
2
SNAP - could be emerging from baseSNAP plunged 10.3% on 1st Feb after announcing yet another quarter of dismal results. However, what happened after that is interesting. The stock began to recover steadily in the last 3 days on good volume, a stark contrast to the correction the general market was experiencing. This exhibits "hidden" strength / support for the stock. There is a good chance it is going to test a critical neckline @ 12.94 in the coming days. Should it begin to break above this neckline and also the 200 day MA, then the odds are good then it has entered into a recovery phase. Let's wait and see. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:SNAP
by Juliac
Consider the Long-Term ChartI'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the 50-mo. EMA after seemingly finding support a couple months ago. There's still considerable downside risk to the 200-mo. EMA where it has found long-term support in the past and it also happens to currently line up with a double bottom with the covid panic low from early 2020. Will it go down to the 200-mo EMA now? I'm not sure, I'm just saying that it could and you need to be prepared for that. I do know that if it continues to drop it would be a blood bath down at those levels and also a great long-term buying opportunity in my opinion (it could find support above, at or below the 200-mo EMA and an interesting level would be the top from the tech bubble around 2000 which lines up with a period of sideways consolidation from 2015-2016.
NASDAQ:IXIC
by PatientContrarian
SPX / NQ - Bull confirmed (ok nothing is 100%)I wrote on Jan 18 that SPX had been looking "optimistic" technically as there were several factors favoring the bulls. After FOMC meeting yesterday, the bull case has now received further affirmation: 1. Both SPX and NQ are now above their 200 day moving averages 2. Both have broken above a long term trendline resistence 3. SPX is about to "Golden Cross" (ie 50day MA crossing above 200 day MA) 4. SPX has also broken above it's diamond shaped formation 5. Rotation has been back into tech stocks in the past week with Big Techs gaining solid ground Prior to this, I have mentioned several times that many stocks were forming basing patterns (rounding bottoms, inverse head and shoulder, Adam & Eve) etc. There were several false breakup at the beginning but lately there were more stocks that had golden crosses and with successful breakups. Many people were looking at the "tree" (in this case the indices eg SPX or NQ) but forgotten about the forest (a whole bunch of stocks which were exhibiting basing patterns, although they still took months to confirm a breakup). Forget the noise, trade the technicals. Keep things simple We could have pullback in the coming days, but as long we have higher lows or above the 50 or 200 day moving averages etc, the bigger trend is still up. Until these are negated, the risk-reward favor the bulls right now. p/s not saying to jump blindly into stocks right now (if you haven't done so) but look for those with good entries (either momentum breakup or buying the dips for stocks already trending). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPXLong
by Juliac
1