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Bitcoin BTCUSD Next support approaches for day-tradersBitcoin Update Although it's now testing the next line of support at 6312, unless a day trader would advise to stay short lloking for a test of the lower parallel. Some day traders will close out here looking for a decent counter rally back to the last support/new resistance at 6425, though the old trend line, now at 6390 may now prove so toxic that any rally is stopped dead here, on the underside of the old dynamic medium term support line. For others, stay short for test of the lower parallel...if we don't see a rally from 6312 it should happen around 1pm est, but if we get a rally first that will be delayed some. If it does rally from 6312, others looking to short this who have missed part of the ride can look to get on at 6420 if seen.
BITSTAMP:BTCUSDShort
by sumastardon
Gold price action this week. And next week ???Here I tried to recall the events affecting gold prices since 25th of August. What is surprising to me are "the breakout of 1300 psychological resistance" and "the unexpected price action of today". Beginning of next week might be another surprise. Today US data was quite terrible, but USD index and and US bonds appreciated contrary to expectations. I figure out two reasons: (1) Technically gold is over-bought and traders do not have appetite to buy further at this level. (2) Yesterday was the last day of the month , we saw that the price of gold increased 25$ in a very short time. If this is due to the long positioning of commercial traders, then we might say that the speculative traders driving the market have taken short positions for the month of September. And if so, this explains that the big traders with short positions did not buy today but instead continued to sell, which would mean a major retracement of prices or a new downward rally is on the way. We will see this in the CoT report to be published Friday next week. I still can not find a driving reason for the breakout of 1300 level suddenly on Monday???
FX_IDC:XAUUSD
by CitRoN_RouGe
8
Stratis crossroads within rectangular pricemovementSix weeks ago Stratis broke a downward resistance line only to get caught in horizontal price movement. Current boundaries are around 0.001225 at the bottom and 0.0025 at the top. Still a very nice playingfield for traders! Currently Stratis price is at a resistanceline within this rectangular box (around 0.00166). A break of this intermediate line would see Stratis move up towards the upper horizontal line, otherwise the bottem of the rectangular box looms again! Be aware there are buzzes of news coming out for Stratis in the near future.. this might be the reason behind the last 3 green candles.. No way of knowing how the possible news will play out: break or disappointment.. be careful!
S
by yuri72
TRIANGLE ON THE GREAT BRITAIN Vs US DOLLAR SETUP FOR LONGTRIANGLE ON THE GBPUSD pair identified at 22-Aug-0630. A good setup for going long. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 141.29 within the next 14 hours. Supported by RSI above 50% Remember use good risk management. Avoid greed at all costs. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
by Capital75official
BREAKOUT ON EURO Vs US DOLLAR 240A breakout is happening on the EURUSD pair and expected to reach the 1.1922 level. Check it out and see if it is a setup you may want to be a part of. Remember in trading only one thing matters, good risk management. That is it. Trade wisely and watch yourself rise to the top. This can be day one or one day situation. You decide. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
by Capital75official
CHANNEL DOWN USDJPY FOR SHORTING OPPORTUNITYChannel down emerging on the USDJPY pair. Expected to reach 180.340 level. Check it out see if it interests you. Remember good risk management cannot be ignored at any point. Trade wisely. Only you can move your destiny forward. One day or day one! You decide. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
by Capital75official
CHANNEL UP EURO Vs. US DOLLAR 15A channel is emerging on EURUSD 15 for a long trade opportunity with a target of 1.181; check it out and see if it interests you. Remember to use good risk management. Nobody ever did it big unless it was too risky to do it. Good luck. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
Long
by Capital75official
FALLING CHANNEL GOLD SPOT 15A falling channel on gold spot 15 is emerging. It is my strong believe that we will see levels of 1274 reached. I have entered a short position at this point in time with a take home profit of 1274. Check it out see if it interests you. Remember good risk management is key. Keep your eyes on the stars and your feet on the ground. You can reach for your dreams without having to fall. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
FX:XAUUSD
by Capital75official
FALLING WEDGE US DOLLAR Vs. CANADIAN DOLLAR 15A falling wedge is emerging in the USDCAD pair. My only target for profit would be 1.24 Check it out and see what's up. Remember to use good risk management. It is only a matter of time before you understand the key to your destiny was always in your hands. NB: iMoneyCorp ideas are merely presentations of his analysis of the markets and not presentation of any actual position of the market at the present time. Copy them at your volition. Your capital is at risk.
by Capital75official
SNAP or CoverSNAP has hit the BIG AB=CD target @ 13.85, exceeded the harmonic support zone a bit much and is now back at the pattern completion point. GOOD NEWS = Clear Simple Bullish Divergence is supporting the pattern zone. BAD NEWS = Time is up. The tolerance of further consolidation should now be limited, as the entire scenario has been "vetted". Any long positions must realize some immediate progress above $15 for this still to be a worthy opportunity. Tighten stops, manage aggressively and demand follow through or we will scratch this out @ b/e for a later entry.
NYSE:SNAPLong
by ScottCarney
3
UPRISING CHANNEL SETUP FOR LONG USDCAD SHORT-TERMLong: @ Current point; 1.24828, TP: 1.31702, ST: 1.23613 There is an upward channel forming on H4 of the USDCAD pair. My take is I will be looking to go long short term and looking to take profit at the identified point above. Check it out see if it is a setup you might be interested in. Remember to use good risk management. Avoid exposing your account and treat the markets as your investment ground. All rules apply. Good management of time, risk and money is the key to winning. Avoid greed at all cost.
by Capital75official
EURJPY FALLING WEDGE INSIDE A BEARISH CHANNEL EMERGINGTake a look at EURJPY pair; there is a converging wedge for a chance to go long short-term up to 128.839 but the wedge is inside a bearish channel emerging. So that is another opportunity to go bearish long-term. Check it out for simple trade setup and see if it is a trade idea that might interest you. As always remember to have good risk management and plan your entry and exit in a calculated manner. It is the wise traders that make a living out of trading not wishers of luck. All the best.
by Capital75official