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USDJPY SHORT TARGET 110.00Look, its hard to recommend shorting something which you are long-term bullish. But given the current geopolitical situation happening around (I'm talking about the ousting of royals in Saudi Arabia over the weekend) and Kuroda's affirmation that there will not be any stimulus coming, we can expect the pair to move down lower. Do also note that the pair is also a proxy for safe-haven assets, the markets may be looking at protecting their portfolio against any selloff. The reason I'm saying this is because the equities market are probably overpriced and due for a correction. I am personally short in a couple of cyclical stocks, while long in safe haven assets. Going onto technicals, we can see that the pair has hit a downtrend line. It has also been moving up sideways since October, signalling a weakened rally. We are also able to locate significant resistance 114.30-50, based on price action in May and July 2017. With this, I am able to justify a short on the pair, with a final target at around 110.20. I would take some profit as the pair moves down, but expect myself to be out by 110.20. Cheers guys, happy trading. Follow me on www.houtiantan.com I trade with bit.ly/AxiFXSG
Short
by HouTianTan
Bitcoin: BTCUSD Last chance for low risk entry approachingBitcoin: BTCUSD Last chance for low risk entry coming up See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic... You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level. (This stuff takes too long to write and too damn often what I think is about happen, HAS hapened by time it's finished ...very trying, especially as Bitcoin moves between 10 times and 1000 times faster than any other instrument on the planet. It was already on crack. Now it's doing steroids too. It's Jaws on crack and steroids and we've got it on the hook...maybe If you were slick enough to get long lower maybe you were slick enough to exit too??? If not, it's OK. We need to move away from that old toxic rotting line of rising support/new resistance, the left-overs from an old trail, to stay in outlaw-chasing mode....well there's not much selling going on from 7350 so far...ideally Bitcoin will trade sideways to down for a while and start to build support off 7260-7245 range and from there start to rise again. Look to buy/add from this range if tested. Will still be using a tight stop though just below 7220 just in case that old resistance line proves to be so strong it''s unsurmountable. If it gets struck, the risk is about 50 points. The potential reward is incalculable at present. It's the only financial instrument in the world you can say that about. Everything else has it's value, pretty much. Good luck!
BITSTAMP:BTCUSDLong
by sumastardon
3
NVDA Option playThis coil is gonna go big one way or the other very soon. Hoping for that to be tomorrow off a weak open. My play is to spend $50-100 on sep 8 calls(probably 170 strike, possibly 167.5) on any pullback, risk to 0, sell for a minimum of 100%, depending on the chart. A break of 167.89 (today's high) is a good add spot, then above 168.58 another add which could pop for a $1 gap fill. I already am holding a bigger position of sep 15 calls. Volume is not there, I'm early on this. Could still go south, and will drop fast so manage your risk well!
NASDAQ:NVDALong
by StonksCrypto
AUDJPY ShortSold this pair earlier with TP at S3 pivot line and SL a few pips above S1 (which is also near it's daily high) to ride the recent risk-off related to increasing geopolitical risks and also weaker than expected Chinese inflation report. www.dailyfx.com www.dailyfx.com www.dailyfx.com Daily: Weekly: Confidence: A (there's still risk that this pair will rebound soon especially Thursday's near the end of the week already, but I think this position will hold in the long-run considering the chart patterns in the daily and weekly charts)
Short
by aiza_belle