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Nakedtrading

EUR/JPY WEEK OVERVIEW TRADING IDEAEUR/JPY had been plunging all week after a touch around the 121.000 price which is a vaery strong zone and price hasnt traded above this price in 2 and half months. This plunge saw the EURJPY fall to all time low of around 116.000. Price then printed a strong kangaroo candlestick formation which touched the zone indicating a solid rejection of that zone. Following the kangaroo rejection, price formed a falling constricting just a few pips above the zone. We are expecting price to bounce of the zone/break out of mentioned setup to rally to the 118.500 price then shortly fall to pierce through the all time low price of 116.000. It is possible for us to see price continuing rallying after it reaches the 118.500 to go to the 121 zone. Look for buy opportunities when japanesse sessions opens and look for possible sells or even buys during london session open.
by indigocapitalmarkets
How to trade BTCUSD like a pro1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular channel. The proper way to enter this trade is to wait for the bottom level of this channel to be retested once more, on a lower time frame. The current pattern on the Daily chart is a bullish candle stick pattern. If you are new to trading, also learn more about common candle stick patterns that occur over & over, giving professional traders signals to enter trades confidently. 3. If you've entered already, be cautious as price rises. Be prepared to take small profits if 4 Hour or 1 Hour charts show huge selling. BTC HAS BEEN & IS STILL IN AN UPTREND, however, any global event could shake the crypto market up, which could result in people mass dumping their BTC holdings.
COINBASE:BTCUSDLong
by BillionaireTomBoi
1
GBP/NZD Short opportunities, 1DHello guys, here's a new short opportunity. The pair has been on a rising bullish channel and appears to be in an expanded flat corrective (abc) structure. The C wave of this structure is yet to be done and a recent bearish pull may suggest the start of C wave develop as well as the rejection to reach prior levels when briefly breaking a key resistance level. If the inability to reach higher levels is confirmed, it's expected for short opportunities to appear down to 123.6&-161.8% wave AB. Thumbs up for support! Let me know what you guys think!
Short
by Daniel_Sanchez_3
2 possible BTCUSD futures to come...I dont care if its BTC or any other stock or currency, 2 things apply. Professional traders are watching the charts, armatures & part time traders are speculating off news & hype. Read what unfolds in the price action & do not get distracted. The truth is, no matter what's in the news, investor's true decisions will show up once positions are executed (whether long or short). I dont care if its crypto miners or banks. Decisions aren't real until they show up on the time & sales tape, aka the candles. There's no reason to be touching BTCUSD util the uptrend is reclaimed.
COINBASE:BTCUSD
by BillionaireTomBoi
1Hr EURUSD to go with my previous Daily analysisEURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows over the next few years. The number that EURUSD should reclaim to continue Bullish momentum, would be the 1.20697 area. I’m short term bullish, as price (on the Weekly) is pulling back from a very bearish drop (from the 1.20697 area. I’m long term bearish, awaiting a high enough retracement back to the current high. Once the current highs are retested, I’ll await a bearish signal to enter short on the daily. I wouldn’t expect to be taking profits for at least a year, as this bullish bounce (that created the Right “Shoulder” of the pattern) that’s happing right now, took out more than a years worth of selling (on the weekly). Ultimately, this move could be a spike into more selling pressure to come, or it could mean there’s reversal is on the way & this current Weekly Reverse Head & Shoulders could see the EURUSD making new highs. The monthly chart is in an uptrend, seeing that the current low is higher than the previous. Those last 2 elements put together would be more powerful than a short set up. So, if I do end up shorting, as price moves up, it may only be for quick profits. Any sign of bullish momentum on the weekly chart & I will reverse to long term Long.
Short
by BillionaireTomBoi
Pair moves opposite GBPJPY - Sell set up for the correctionEXY (EUR Index) moving up to top of descending channel. The impulsive move may continue up, breaking through the channel OR ---- The ascending channel being made will create a correction to 109.30 area. BXY (British Index) moving up after hitting bottom of descending channel. NOTE: This could be a flag forming leading to a push down creating a lower low. WAIT FOR LOWER TIME FRAME CONFIRMATIONS on EURGBP for how the Euro & Pound currencies will effect pair. Consolidation possible ~Always remember to look left! <--- Q~Q
by DrQsoDope