Simple
AUD/CHF 7:1 RISK REWARD SETUPAUD/CHF was trending down for a very long period of time. Had a strong pullback and is now starting to form a double top. With the huge bearish push from the first time it touched this zone in comparison to the slow climb back to the same price level. I believe the bears are still in control, price just coming back to collect some more orders to make the push downwards.
This all being said we have a perfect short setup here following the double top as long as this rejection occurs cleanly.
Happy Trading! :)
Nobody wants pizza Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will give us that last push down, if support holds I imagine price will continue into the triangles boiling point.
BE GREEDY WHEN OTHERS ARE FEARFUL - LONG SP500 - TP 3000!!!Warren Buffett: Be Greedy When Others Are Fearful.
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Based on MTF analysis, 4H 1H 15M has shown pre-divergence, and i am going to enter my trade based on 5M chart.
For the time being, just waiting for WAVE #5 to be formed, and i will go in aggressively.
Do take note, SP500 might continue to go lower, since the virus outbreak is getting worst in Italy. Do set your CL tight and chill.
I will start taking anything below 2600 level, and do short-term trading based on support & resistance level shown in the chart.
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one of two ways as alwaysPrice will either bounce off and continue up or break through buy or sell accordingly.
NZDUSD 4hr IDEA NZDUSD should be making it's way to the upside. Looking for price to tip the bottom around .64214 and or .63913 and also having a box 2 blow out, seeing if price would reset itself to have a continuation of the downside and THEN MOVING UP , setting on top of previous price action.
GBPUSD LongHello guys, a simple but effective analysis on GBPUSD also know as Cable. This trade was taken by me personally due to numerous confluence coming hand in hand. Also a great risk to reward ratio was achievable .
The idea behind it was simple, huge bearish momentum pushed price to a very strong support zone; considering the tremendous amount of bearish pressure, price rejected this support zone tremendously which is best displayed on the 4 hour time frame. There was a huge wick present on the 4 hour rejecting this zone which enticed me to enter long with a favourable risk to reward.
Finally, with this trade there was no drawdown what so ever, straight into profits. Currently sitting at 50 pips in profits. I due however, intend to hold this trade until tomorrows New York session as I due believe the pair has more room to push to the top side. Note the GBP pairs have huge amounts of movement in pips throughout the day.
XRP/BTC - No Hype, Simple Analysis Pretty simple, we have strong trends, we're in a cone, and XRP is low. I put the resistance zone where I did simply because of one way or another, XRP is about to break out of its current trend in the coming weeks. All the previous price action in the long area I do not believe will limit growth as it was part of a strong downward trend. What will impact you is that damn near platform like straight-line in the market price action from October '19 to December '19. Having said that, I would set a take profit somewhere around where I indicated with the red arrow around the 0.00003000 range.
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Have a great weekend everyone - happy trading!
Quick GA Buy30 - 50 pip move on GA. We have a descending channel gearing up for a quick breakout to form a correction.
Fit simple TAFIt has been in a clear bull flag since Nov. 2019. With a close over the 50 day and above the bull flag we may see a breakout. Due to current market conditions this could be delayed/halted, but in the long term FIT will run up early-mid Feb. .
