Opportunity
NZD/USD about to fall!Hey tradomaniacs,
NZD/USD just tested a strong key-resistance-zone and is likely to fall due to a reload of sell-limits at the top combine with weak aggressive buyers which are not interested to lif the offer yet.
If those don`t get filled it is likely to see a drop here.. at least another correction of zones of more open interest.
What do you think?
SPX500 likely to FALL!Hey tradomaniacs,
recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded.
So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off.
However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility!
What do you think?
SPX500 likely to MOVE UP!Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So far the day has been a mess, buit the previous breakout did not cause another rally which is a strong indication for a reversal due to exthaustion by sellers at the bottom of the day.
Liquidity turned out to be pretty bullish as we head into the after-lunch-session and I could imagine to see a strong breakout here to the upside (short squeeze).
Let`s see what happens =)
AUD/USD LIKELY to go UP!HEy tradomaniacs,
AUD/USD is at an important key-level and likely to retrace as market-depth showing absorption by buyers at the bottom of todays opening-range.
Price is oversold, so it is likely to see profit-takes and so a retracement to the upside! Orderflow looks bullish for now!
What do you think?
SPX500 likely to FALL!Hey tradomaniacs,
its been a very slow day due to holidays almost everywher except the USA which could give us atleast one great opportunity now.
SPX500 just re-tested the key-resistance-area after the recent breakout and is giving us a nice chance to sell.
Market-Depth is currently showing iceberg-orders absorbing stop-runs above the resistance which makes it likely to see a move to the downside very soon.
As always I`m very carefully during holidays as liquidity is lower than usual making it harder to predict moves and volatility.
What do you think?
BITCOIN failed to break the DOWNTREND!Hey tradomaniacs,
Bitcoin-Bulls failed to push price above the current trend-channel and are now forced to liquididate positions (especially on margin) which is causing another drop back into the trend-zone.
So far fakeouts like that are usually manipualtions by sellers to attract more buyers in order to provide liquidity the sellers need to fill their positions.
Can 40k HOLD? What do you think?
NZD/USD likely to FALL!HEy tradomaniacs,
NZD/USD is testing the current upper trendline of the trendchannel and retraced the previous breakout which is giving us a great opportunity to follow the recent impulse to the downside.
Technically a great chance to sell if risk-off-mood stays in the market.
What do you think?
GBPJPY Trade OpportunityAn opportunity in the sell direction just presented itself on the GBPJPY chart: A fakeout is seen just above the 164.630 Weekly Horizontal Resistance Level occasioned by the Bearish Harami Candlestick Pattern.
With Stop Loss at 164.998 (about 44.8 PIPS) and Profit Target at 162.640 (about 191.0 PIPS), you could be looking at a Reward-to-Risk Ratio of 4.26.
As always, there are no guarantees! This is not trading advice; ensure you understand that your losses can exceed your deposits (This may not be suitable for everyone) and apply appropriate Risk Management. Please confirm that this correlates with your trading style and analysis before you make a trading decision.
Have fun trading!
Sincerely,
Your FX Plug
AUD/USD likely to fall!Hey tradomaniacs,
after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range.
Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now.
This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant resistance aswell and so possible confluence in terms of risk-off-mood.
What do you think?
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BBIG LONG WeeklyNASDAQ:BBIG
$BBIG on weekly looks bullish after breaking the short trend (orange line), last week retested the trend, RSI on weekly show divergence, potential Fibonacci goals are shown on the figure.
Asking price now @ $2.77
Opportunity? Avg Price > Current Cost on LRC:USDAverage weighted price is currently 1.50. The current price of is .99 cents. LRC is a fantastic project integrating ZK-Rollups to reduce tremendous transaction costs. It's being picked up by big institutions and the API / back-end is well maintained to support development. Overall, fantastic product and ecosystem. I recommend it.
Big adoption will be by main-players. Instagram, Twitter, Google + YouTube, Apple, GME, etc. I think the weekly time-frame is important when looking at places to park money in, unless you are scalping with high leverage.
Not really sure, as always, let me know what you think. I think it has potential, and that's why I'm flagging it as an opportunity to share.
Verge: The Original Doge Coin DarkFrom a technical perspective, there is not much to say that cannot be explained with the simple visual representation above.
The correlation between the two is almost perfect and we are experiencing a temporary divergence between the two that is within normal levels.
The divergence is similar to others than have been observed, but is proportionately larger as the system has expanded over time.
Fundamentally, these two coins have a similar level of risk as they are both heavily exposed to the growing adoption of social stances on security and anonymity.
Both projects are approximately the same size in regards to funding, labor, and public interest.
Both projects were birthed during a similar period and were similar in size and growth during cycles over time.
When Verge was birthed in 2014, it was originally Doge Coin Dark before it was rebranded to Verge in 2016, which explains why it has experienced similar trading ranges and is highly correlated to Doge Coin.
When Verge suddenly garners interest in the public eye, it will explode as most people who know Doge Coin today, are completely unaware of what used to be Doge Coin Dark; Verge. There will be many events that can be used to look back and explain why Verge has taken off (Wraith protocol, Rootstock, Investment Fund stakes, etc.), but the reality is that this coin was perfectly poised for this degree of price change and it was inevitable.
Gaps do occur and opportunities present themselves early. That's the joy with paying attention to the market and searching for undervalued coins during mass adoption and record breaking inflation.
Cheers.
Easy 1:3 Risk Reward Trade on a known trendHi,
If you see my previous post you will understand the bigger picture.
here is a small trade,, catched on the 1M time frame it might pay at least the fee's of my biggest trade.
hope it can help someone today !
Share, like and comment so well get visibility,
Good luck !
Carlos
USD/CHF likely to move UP!Hey tradomaniacs,
looks like USD/CHF has found support after the recent breakout.
So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup.
Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF.
Technically a good upcoming long imo.
Lets see what happens! =)
GBP/USD lilely to fall!Hey tradomaniacs,
GBP/USD looks like it wants to fall after the previous fakemove above the key-resistance-zone in roder to grab liquidity.
The fakeout is so far confirmed as the ex-resistance did not turn into a support-zone showing that retailers are probably getting fooled by sellers (those who buy the retracement of the breakout).
The break below the trendline is also an indication for a fall, even tho we have to be carefully due to the recent fakes below it.
Lets see what happens =)
SPX500 likely to fall!Hey tradomaniacs,
the recent fakeout above the key-resistance is a strong indication of a falling market.
Previous fractal has shown two fakeouts and liquidity-grabbing into both directions showing trapped volume in that zone.
This can cause big players to cause fakemomentum to attract more buyers in order to absorb liquidity.
A potential S/H/S-Pattern would be another confirmation for my assumption.
Let`s see what happens!