Short sell USD/JPY by Ben WrightSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Possibility shorting selling USD/JPY
FX:USDJPY weekly Prediction
Chart time frame - H4
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
USD will see another bull run this week.
B – Beliefs
Market will be rejected at @114.5 level and move south towards the 113.5 level. This will be a resting/consolidation phase before pushing and breaking the @114.5 level.
Trade Management
Entered @ Still waiting for confirmation
Stop Loss @
Target @
Risk/Reward @
Happy Trading :)
Position
What's happened to 'the Gold rush?This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).
The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're probably a bit anxious to jump on Gold. If the Halloween effect happens then price of Gold sinks.
But if the stock markets make a conclusive move south, I'm expecting RSIs to go on fire in the north direction. We shall 'have to wait and see' as Mr Trump often says. :))
NZD/USD (Oct 2018) *Upside is coming but be patientThis will be my views of NZD/USD (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
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USDCHF - Position Outlook - W1Looking here at the Swissy, a pair not long added to my watch list, I'm already short USDCHF from the open earlier today. For me the this could perhaps be one of those times where the fundamental analysis and the technical analysis seem to match up rather nicely. IMO the USD will continue to weaken over the coming weeks, and paired with a nice rejection candle from the underside of the 'recently' broken monthly trend line, leads me to be looking for further downside in this pair.
If we continue to see this play out as above, then I'd be looking for targets in and around the area of the yellow/orange horizontal line on the chart. As you can see we broke above the bearish weekly trendline from 2017 once before, and I would like to see another test of this from the other side to see whether or not it holds.
As the trade war evolves as well, the Swiss Franc could benefit from some more risk off type of trading environment. As always lets see how this plays out.
CESP6 position trade opportunityBMFBOVESPA:CESP6 stock giving a position trade opportunity after three week correction, yesterday was fired the max value from last week.
Position Long From Weekly Fibonacci Support USD/CADSince the rally of late-June, the USD/CAD has been consistently falling. BoC tightening and WTI crude values have been primary reasons behind the move. As a result, several key technical support levels are coming into view.
The 38% Fibonacci retracement of the yearly range (1.2950) is a fantastic place to go long in the USD/CAD. This will be a make-or-break area for this market. If it holds, a return to yearly highs are likely in the cards for the fall season.
Here is the trade:
1)Entry: Buy 1.2960
2)Stop Loss: 1.2894
3)Profit Target: 1.3092
4)Risk vs Reward: 1/2
My Current Position in SALT/BTCI was able to pick up SALT at 1501 and set a stop loss in profit. Lets hope we go up from here!
$TAT potential bounce play off of year support levelWe take a look at TAT and see that the bounce off of the year support level of $1.25 is already in progress. We are looking for it to break $1.50 with volume before we consider a position.
AIDCOIN/BITCOINsafe buy zone for this coin is
0.00001500 - 0.00001700
safe sellzone
1.st target
0.00001920 - 0.00002100
2.nd target
0.0000220 - 0.00002400
stoploss
0.00001350
Evening update Bulltrap Bitcoin. H1 H1 Chart got a failure breakthrough bottom which was bought back very quickly. But the flag (bearflag) is still aktiv. So we have to take care with our next turns. Maybe a small position for breakout is possible. If u watch H4 the Bearflag is also forming...
As you can see, we need the double volume for the green flag that for the red flag. thats not really bullish.
[May 24th /BITMEX] Bitcoin Trend Analysis - 7260/7700 My last analysis was correct and we made huge profit guys! Cheers!
Today, I gonna show how the trend will work.
Let's simplified it.
If the red support wall will break out, Bitcoin 0.57% price can be re-entered 7250/7200 over 70% possibility.
If the red support wall won't break out, it can try to break 7700/7850 resistance wall.
Position (with conservative sight)
Short: 7560/7700/7860 (x 10-25 leverage)
Long: 7340/7260/7100 (x 5-10 leverage)
Open orders: 6700 long, 8148 short (worst case for bull/bear both side)
So far, I would say the red line is more realistic than the green line.
Bulls are trying hard to break out the 7600 wall, but it is still not that powerful.
Lots of people and my friends asked how Bear always win the fight.
I can confirm that one bear whale is equal to three bull whale.
Think about it. Buy 1000 bitcoin 0.57% can push up 200/300 points, otherwise, Sell 1000 bitcoin 0.57% can drop 400/600 points
If I am a whale, I prefer to throw away and buy again and throw it again. Because I can still make a huge profit.
I know someone doesn't like my opinion, but be realistic.
Ants CANNOT beat the whales. We have to follow their way to survive and make a profit.
I hope you guys have a great day.
[May 18th/BITMEX] Bitcoin Trend Analysis $7683 - $8270/8500/8700Hello, guys.
Sorry to postpone to upload it.
In the morning, I wrote down it but I accidentally close the chrome.
I was just mad XD. That is why I upload it now.
1. As you can see, the chart shows that it is still bearish .
Today, I assume that it gonna be dropped til below 8050/7670
2. However, so far, I would say
60% confirmed below 8100
20% confirmed below 8000
15% confirmed below 7900
less than 5% confirmed below 7800
3. Long position; open orders $8050/7950/7850/7600 (~x15)
Short position; Closed once
Previous position $8270 and close $8181
Current position open orders $8230 and will close $8100/8050/8000
4. Reasons;
20/50/120 EMA lines are now resistance line.
BB avg line, +1 line, +2 line are now resistance line as well.
Need to push up to at least $8321. If it won't happen, it gonna dropping more.
So far, this chart is working properly and my friends make a profit (a little of profit; maybe more ;) )
They told me that they won't trade today anymore and gonna go to pub XD
If you like this post, please comment or push the like button
If you wanna play on BITMEX, register through it; www.bitmex.com
Thank you so much!
P.S. If you do not disagree, please comment it. I like listening all kinds of opinions.
Have a great day!
BTC to bounce back UP above Overall Trendline?After the last Up squeeze, BTC/USD is currently moving on a relief (retracement) movement.
It respected perfectly 8355 pivot level (resistance) to bounce down and now is about to face the Overall trendline which can be considered now a support level (was a resistance).
If it can bounce back up from the Support level (around 8150) I would definitively take a long position with a tight stop Loss. (Manage risk before all)
If it never reaches back 8150 level, then no trade
Timeframe 4 hours
MT Alberto