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Shorttradeidea

SCS Entry, Volume, Target, StopSHORT TRADE IDEA Entry: with price below 10.82 Volume: with volume greater than average Target: 8.90 area (this is an area, no guarantee it reaches this price, but you should be selling on the way down) Stop: Depending on your risk tolerance; I would have a hard stop set at 11.39, 1 penny over the high of the gap up candle. LONG TRADE IDEA Entry: with price above 11.38 Volume: with volume greater than average Target: 5-10% above entry price area or as long as price closes above the 8-10EMA (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; I would stop out on a close lower than the previous days candle as the market is just not in a good place right now. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NYSE:SCS
by tradepatiently
DASH Entry, Volume, Target, StopEntry: with price below 75.06 Volume: with volume greater than 5.92M Target: 67.82 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 75.05, 77.46 gets you 3/1 Reward to Risk Ratio. This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
DShort
by tradepatiently
GBPAUD possible short tradeGBPAUD has reached the FCP zone on weekly TF, it also confluences with another FCP zone in 4hr TF. It has started to show some bearish indications (rejection from monthly 61.8 fib level), a possible short trade is foreseen. If you do like this idea, please hit the like button to support me. Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.
Short
by NSAlgoTrading
2
4/12/20 AUDJPY flying high now??Here is another Forex Trading Snack. A Friend on twitter said it like this. “With everything the FED has done plus the fiscal stimulus package one would think that markets will stabilize first, then soar.” Bellehos I agree, In stead we hit a bottom and started in a V shape Stock market recovery. The reason IMO as well as many others is leverage. It is an opinion built of the belief that the global economy is / was / and indeed still may be massively leveraged to some degree. So in my view all of this shapes my bias to be very bearish on stocks. This also leaves me looking at currencies that move in tune with the risk on / risk off stock market movements. One such currency is AUDJPY. At the bottom of my chart you can see a inverted head & shoulders pattern ( indicated in pink ) along with a divergent RSI reading. This pattern compleat At a down sloping channel top trend line by breaking past it, then retesting it, before moving much higher along with similar moves in the stock market. Currently it’s very close to its 61.8 FIB retracement, the same with stocks as in the S&P 500. AUDJPY also in recent days has shown signs of slowing momentum, and again RSI is diverging. With price action well above the 21 SMA and the 21 is well above the 89 SMA, simply makes my case for at least a pull back in the making—or something much bigger. My trade plan is to take small shots at going short as this pair makes new highs, with a over all target to going short if or when it tests the big figure of 70. All the best in your trades. Trade your plan and plan your trades accordingly to your risk tolerances. This is not trade advice, but presented as a form of how I look at the markets and thus should be used as educational materials. In FX trading you either make dust or you eat dust. All the best.
Short
by PipsTradingClub
1
NZDCAD EW 5 wave ideaWelcome to another Forex Trading Snack. NZDCAD looks good for a possible EW ( Elliott Wave ) 5 wave pattern on the hourly or the 2 hour and also in the 4 hour charts. Sometimes patterns are much more clear on a certain timeframe, but at times like this, it fairly clear in multiple times. Friday trade was wild with NFP news and price action that followed. Yet NZDCAD set up a nice pattern and along with using RSI it appears to have put in a short term top and now we can look for a 3 wave ( a, b, c, wave decline ) My game plan is looking for a bounce higher into Asian trade yet for the top around .8500 to hold as the high. There is a chance for a new top to form and still not upset this pattern. Assuming the top is in. I’m looking for price to go to or around .8475 and have that as a good selling point placing my stops just above the highs. My targets are .8400-.8375 That would be risking 25 pips to try to make a 100 A good risk reward play if I may say so. In forex trading you either make dust or you eat dust! If you trade any idea you automatically assume all risk of loss to your own trading account. No trade idea is a sure thing. Just because I maybe trading this idea doesn’t mean it will result in profits made or that our outcomes will be the same good, bad, or indifferent. All the best in your trades.
Short
by PipsTradingClub