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Patience

CXY - Canadian Dollar Currency Index (Neutral)CXY - Canadian Dollar Currency Index -------------------------------------------------------------------------------------------------------------------- Currently in a 4 week range, saw a good surge of buyers on Friday. It is currently attempting to test 2017 descending channel. The reaction to this trendline will be instrumental in what happens next for the CXY Let us wait and see. Should we see a breakout, expect a retest of the trendline then more upside move
TVC:CXY
by ricky1270
NZDUSD Neutral Move (RANGING)NZDUSD ------------------------------------------------------------------------------------------------------------------------------ Price has been in a 3 month range and there should be hopefully a decision by buyers or sellers as to what will happen. Last week sell-off showed strong bearish pressure within this range and a further decline should really see how NZD economy progresses overall as global economies are weakening currently. Now a common fallacy, retail traders have is that when price retests a level with many touches, the level is weakening, this is untrue. What really is happening is, sellers are getting more sell orders in as the first time the sell-off happened, not enough orders were completed or wanting to get in more orders before moving lower. From the 4hr channel, we see price respecting both outer boundaries and stays within the Weekly range. One would think that a big move is imminent, keep watch and see. I would wait at this point to see what happens next.
by ricky1270
CADCHF Long Swing Trade IdeaSwing Trade Idea for CADCHF Long. Chart pattern observed: Inverted Head and Shoulders. Saw it like in a second. Now the Left Shoulder and Head has been formed, now for the Right Shoulder to be formed. This is a slow moving pair but pays out well. This will take a very long time to play out. But patience pays. Price is pushing from demand on the weekly. From the trendline, we see price has touched 5 times so we should expect a break soon but be prepared if it doesn't. This is the weekly chart and resistance had seen 5 touches by price. Normally, when trading any SHS pattern, you wait for the break of the neckline and retest then you enter the trade. But price is at a good spot to open a position and wait for months. Apply proper risk management if you wish to take the trade. This trade will pay! If you haven't tried a swing trade before, try it and test your patience. You are looking at a risk:reward of 1:8. And once TP is hit, price should fall very quickly because this would be a big weekly supply zone. And how we know it is strong is because of how many times it has fallen from that level above!!
Long
by ricky1270
1
Crude WTI Oil Short 1 Hour Trade IdeaCrude Oil Short After seeing the first drop at 60.25, oil has been declining ever since. And a bearish flag pattern is seen on the 1 hour. I see this as a CP (Continuation Pattern) To tie in this thought, I also see compression into demand where buyers keep buying until it reaches an area where supply exceeds demand and it quickly falls, Within that blue zone, price will form supply once more and freefall. This is a high probability, low risk trade forming. Easy 6R trade! Until next time beloved!
TVC:USOILShort
by ricky1270
1
EURCAD Long Daily Trade Idea Buy LimitEURCAD Buy Trade Idea Daily The sell-off the past 2 days has now fueled price to return to February 22 trendline support. The 1.506 - 1.509 level proved to be a strong area of demand seen from price recent visit there. I expect bullish momentum to continue for this pair having respected the trendline 3 times before. From that demand, we should expect price to break through demand having since weakness in the pushes away from the zone recently. Risk:Reward Ratio of 6.4. Please apply proper risk management if you seek to take the trade. This should be a nice swing based on all that we see happening. BUY LIMIT set @ 1.509 Stop loss: 30 pips Take profit: 200 pips Until we meet again!
Long
by ricky1270
EURUSD long at 1.13Go long on EURUSD at price 1.13 . In my chart you can see more trend-, support- and resistancelines. The point where we go long is the point where we get a second retest of the trendline wich you can see. We wait for the price to drop just below 1.13, then we can go long if we get a confirmation from the candles. Have got this set up in the charts for several days/weeks now and have been waiting for the second retest since it will be at a point where you can find more than one reasson to go long.
Long
by tradingtomnl
TSLA oh the one that keeps giving? Yeah that one!Hey everyone the best technical analysis follower of all time award goes to this fella here. I've seen this play out so many times, you simply buy towards the bottom and hold for a month or 2 make your money and then short from top to bottom. Very news driven stock almost as if Elon himself knows exactly what he's doing every time he tweets. We are close to a bounce area of this trendline and if it fails then we test $250 possibly but this is a good area to pick up some shares. Goodluck and have fun my tsla model 3 future owners. :)
NASDAQ:TSLALong
by Vickk
Winning strategy for becoming rich in the next 10 yearsIf you are the patient type and have some spare change I have a slow but possibly profitable strategy for you! It goes like this: Buy a fixed amount in fiat of BTC every x period of time for a longer period of time while BTC is recovering from the last trip to the moon, and make a note of the purchase in your portfolio. You can preferably use an online portfolio or an app that automatically displays the value change of each buy. Sell with small profit when you have the chance, or wait until next time BTC increases fairly in value again and start selling. Examples: Buy 10 USD worth of BTC every week. You will spend around 520 USD per year. Buy 10 USD worth of BTC every day. You will spend around 3650 USD per year. Buy 100 USD worth of BTC every week. You will spend around 5200 USD per year. Over time you will have a lot of small buys on a lot of different values. Follow the value on each buy and wait. You can then either wait until all your buys are in profit in a distant future and start selling 10 USD of BTC every day while the price increases. Or you can select individual buys and sell when the specific buy is in profit. In a perfect scenario you would accumulate BTC over time and in a few years find yourself at a point in value and time where you can start selling with a profit on every sell. Logically your small buys will loose value if the value of BTC is declining, but if you buy every day or week chances are you can sell again with a profit pretty fast when the BTC value goes up and down due to the volatility. This way you can make small profits many times. If you have a lot of patience and BTC does another massive increase in the next 10 years, something most people think will happen, you might be able to sell with a massive profit while only investing a small amount every day/week/month. Good "luck" :) Ps. You can buy some other stable cryptos and mix it in for fun, ETH, LTC and the rest of the usual suspects, and maybe throw in some high risk coins now and then just in case.
BITFINEX:BTCUSD
by dent77x
8