Tradesignals
NZDCAD D1 - Long Trade SetupNZDCAD D1 - Daily close yesterday saw the upside breakout, a retest of the newly formed support zone could warrant buying opportunity off the back of todays close. Already starting to see a pullback, we have breakout highs, resistance to support and 0.90 whole number too, so a handful of confluences. RR is also sitting at a huge 1:6.
EQR - 4.37% Potential Profit - Descending TriangleDescending Triangle just broke out, aiming at ATL.
Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the unpredictability of the market these days.
- Target Entry $51.92
- Target Stop Loss $52.48
- Target Exit $49.60
About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
MO - 4.86% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart.
Support manage to hold up quite well even during the recent meltdown.
- Target Entry $43.09
- Target Stop Loss $42.62
- Target Exit $45.02
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Bullish Swing Oppurtinity in EURUSDEURUSD, is forming a contraction in volatility pattern in up trend. The general trend for this pair is up despite the correction phase that facing this pair since 3th of Aug 2020. I believe the speech for Fed Chair Powell will provide good momentum for this pair to break the resistance its facing right now which is 1.1835 and move forward to reach 1.1959.
Applicable setup up for trade is:
Buy: 1.1835
Stop loss: 1.1759 which is (0.0075) pips
Profit at : 1.1959 to 1.2 around (0.0125) pips
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DO your DD and trade based in your ideas, this is a though that I saw from reading the chart of this pair.
Good luck
GBPJPY H4 - Short Trade SetupGBPJPY H4 - Must await a candlestick close on the H4 timeframe here to give us that confirmation we are looking for to see some downside pressure. Massive rally seen here, ***YEN pairs ripping upside for the most part, would be good to see some corrections soon, RR ticks the boxes as long as we don't dump.
Bitcoin Buy Signal At Tough Location For Swing Trade Long.Bitcoin has been in consolidating near the 11,600 to 12,300 resistance zone and today has taken out the high of yesterday's inside bar. Based on our swing trade rules, this is a new buy signal, BUT we choose NOT to participate. Why? Aren't all buy signals equal? They are not. Although the trend is CLEARLY bullish, the location is NOT ideal in terms of the probability of the location. Greed, desperation and a lack of discipline does not get in the way of our rules.
So who is this appropriate for? Smaller time frame aggressive traders who know when to get out if there is a lack of follow through. On THIS time frame, risk can be measured from the 11K level, which means buying now requires a move to the 12,500 area to be worthwhile. The 11,600 to 12,300 resistance has been tough although a break and follow through can happen, the probability still favors a fake out which is why WE choose to step aside (especially since we are NOT day trading this market).
A decisive close above 12,300 and this thing has some room to run. IF #Bitcoin fakes out instead, 11K can get taken out quickly and in this scenario we would be waiting for the 10,500 inflection point support for a new swing trade idea long. IF this thing runs from here, and we miss it, we lose NOTHING. Our primary objective is capital preservation.
ASTBTC
BUY AROUND 548 - 552
SHORT TERM TARGETS: 560-580-600
LONGER TERM TARGETS : 650 - 700 - 750+
STOP LOSS : 530 - 505 - 490
pick targets and stoploss to suit your strategy, risk tolerance, % capital used etc.
BTC TIME TO BATTLEBTCUSD not looking too great seems to be a important level here, a break down will probably see us to 8500-8400
We think there would need to be significant news/event in order to move upwards ( for any sustained period anyway ) until the two upper are broken.
Trade :
Short on break below
or
No trade, its not good long entry here, wait for lower
GOLD - Broken 1745 resistance, buying a re-test Gold is Bullish - We look to Buy at 1745
▪️ Previous resistance level of 1745 broken.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level.
▪️ A bullish reverse Head and Shoulders has formed.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1745, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1731
Target1: 1819
Target2: 1839
EurGbp Trade Analysis by WAVE FX AcademyHi Traders, here is my analysis for this pair, Comment your thoughts or like if you agree. All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add pair to your watchlist and see if the rules of your strategy provides an entry.