Short-setup
AMD going to drop down? HUGE RAISING WEDGE I'm thinking this is going to burst down because of the huge raising wedge forming, the stock seems to bounce up and down a lot meaning that it's losing a lot of momentum. instead of breaking resistance levels lately it seems just retest them many times.
I'm thinking it will go down a dollar or 2 on open then quickly be bought back up, what are you guys thinking.
GBPCHF - LONG - 4. Aug. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bullish trend forward
4 HOUR
Above the baseline and retested the resistance
DAILY
Just got a big spike from yesterday and touch the resistance. Expecting to go up
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FOREX SWING
SHORT USDCHF
ENTRY LEVEL @ 1.20050
SL @ 1.18935
TP @ 1.21386 or 1.22600
Max Risk. 0.5% - 1%!
(Remember:
- Add a few pips to all levels
- Use two trades for two TP levels, move stop lost accordingly. We win by not losing!
)
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Have a great week everyone!
Will
AUD/JPY Waiting for a Breakout by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸That was a bearish signal, however, it has been consolidating since then.
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🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
VET Short/Long Analysis- This is a short term analysis of what I believe what will happen. This is my first ever official TA. Please leave advice.
- Their are currently 24 Whales in Vechain. By far more than any other coin. So far none have dumped. This leads me to believe that this price action will remain bullish. I believe they are waiting for a higher price target. FOMO is currently entering this coin.
- My theory is this will continue to be very bullish until the whales start selling.
- Personally, I don't see any of them dumping anytime soon since this is such a good project with real time use.
- I have been accumulating for a year now all below .0078. My next buy entry will be at 4th signal. I will hold until I see the big guys get out. Just for entertainment purposes I predict a few whales dumping at $1.00. XRP 2.0. After the noobs will FOMO price to few bucks. Then a long way down till the next shill process.
LLY | GAP | Quick Profits | $15 GAP | Very Short Term |LLY will just bearish in the short term, while it fills the gap near $140.
1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160.
2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits.
3. LLY could fill the gap in the near terms, or come back in the future to give a chance to buyers from $140 - $155 to acquire the stock. If the market doesn't allow the buyers, then is considered somewhat inside trading.
4. Looking at the RSI, we see a straight line up, and we call this a rubber band effect since there are high chances of it snapping back.
I would wait until the end of the market to do your best.
ANOTHER SHORT SETUP ON NZDJPY! From yesterday's idea, TP1 has hit and the chart has switched its momentum from bullish into bearish from different timeframe. Currently, price is making a correction after a massive BEARISH move yesterday. We will be looking for another SHORT entry at 69.34, which align with EMA55 and the previous support.
Entry price: 69.34
SL: 70.23
TP: 67.10
It's not you versus the market. It's always you versus yourself. Happy Trading.
GJ Bears coming in?If this 2H candle can close Bearish, it will have successfully created a zone that i personally trade. Looking for a Pinbar or Bearish Harami for confirmation. If the 2H closes bullish it invalidates the trade so don't be trigger-happy and just wait for the candle closure. I have trade set for a smaller TP but i do see this long-term going down a few-hundred pips.
Parallel channel on GBPUSD with a potential bullish moveOn GBPUSD there is a clear parallel channel structure. It's now at the bottom, meaning it might move upwards. It can also breakout of the pattern. In this case, confirmation is really necessary. That's when we wait for a retest. Let me know your thoughts!
GBPUSD 07/05 FORECAST Currently watching price pull back from Asian/London cross movement. Expecting bullish trend to continue and ease of U.K. lockdown may be announced Monday.
Trade plan for the day is to capture two 30 point movements.
1st will be if price reverses from 50SMA with buy signals. 2nd after another pullback from that move.
Timescale would be the 1st during London’s morning session with a pull back before the US markets open. Setting up the 2nd movement to happen during the US session.