Tradeideasanalysis
IOST. 1D. Probable growth to the target $0.143- $0.154.IOST has become quite a buzzword in recent weeks. All news and events around the Defi projects promise to be implemented in the 3rd quarter of 2020, that is, by 30.09.2020.
If these news and promises begin to be fulfilled, they can provoke a breakthrough of the level $0.00815 up to the zone $0.01395-0.01495 (we have seen more than once how coins can grow on the wave of hype around the Defi projects in the last six months).
However, there is also a fly in the ointment:
The developers have announced IOST Airdrop for $13 million to investors, in the new Pump coins of the future Defi project Pumpkin on 11.09.2020. However, later they apologized and postponed Airdrop and the launch of the project to 13.09.20, that is, tomorrow.
If the launch does not happen again, then investors may have doubts that will entail sales and, accordingly, the development of "Double top" model with targets below $0.0047 and $0.0034.
We treat this coin neutrally , since a strong information background can nullify any TA. Nevertheless, we recommend IOST investors keep a short 3-5% stop loss from the current price in order to fix profits in time or protect the deposit from losses.
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NZDUSD LONG SETUPI'm looking for Longs on NZDUSD, targets at 100% and -27.00%.
Had a nice Doji Daily Close today. Hopefully, we have that Bullish Engulfing to create the morning star formation and up we go.
Trade Ideas Position: USDJPY ButterflyNow, here is another counter-trend trading opportunity on the bullish butterfly(cyan), the market is right now at the sell zone of the structure.
Are you able to create a trading plan out of that too?
EURNZD SHORT SETUP HEAD & SHOULDERSDaily Ascending CTL (Counter-TrendLine) has been broken. As a reversal pattern we have got a Head & Shoulders formation on the Daily. I will be looking for a break and retest of the neckline (1.70350-1.7000) before going short.
Target 1: 1.67500
Target 2: 1.6500
Target 3: I will use my method to keep trailing stops using the Daily Time Frame until I get stopped out
GU to the .5 level??Looking for a possible move the 1.32000 level. We see a rising wedge formation as GU looks to make a third touch on the resistance level for a nice short.
USDJPY-Weekly Market Analysis-Mar19,Wk2Only the 4-Hourly chart, USDJPY has retraced back into its buy zone. On the M15 timeframe, the market has shown a head and shoulders bottom with RSI Divergence.
The aggressive trader could wait for the market open and Long this pair right away.
A slightly conservative trader could wait for the retracement before engaging the trade and a more conservative trader could wait for the break and close above the head and shoulder's neckline, retrace back in the neckline to right shoulder zone before engaging the trade.
Each decision is a trade-off as there's no perfect system.
Trade Ideas Analysis: EURUSD H1 [Bull Flag]Bull Flag formed up, what are you going to do? I've a plan for this, waiting for it to trigger.
Plan Your Trade, Trade Your Plan!
