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NZDUSD Good opportunity to buyBased on the chart, a resistance area is broke and a pull back has completed. Something that is obvious on the chart, is about the bulls pressure at this zone and on the other hand a weakness on sellers is considerable. So based on the this scenario we can conclude that it can be a good (and some how safe) supply area. Therefore I opened a buy position with a low amount of risk and gaining high rewards which is about 1:5 to me. Note: As always please take all risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
2
XAUUSD In Bulls control!Based on the chart, a major resistance area is broken and a pullback is completed. The strength of buyers is observable at this area which can be seen by a Doji candle formed today(However is not finished yet!). So the weakness of sellers and power of buyers at this area, lead me to open a buy position as it presented on the chart which can provide a good risk reward ratio for trading (about 1:3) Note: As always please take all risk management rules into consideration before opening any position on the market. Good Luck!
FX:XAUUSDLong
by Brian_Philips
GBPCHF good buy opportunity!Based on the on the chart, price has broken a major support area and a pullback on this area has completed. Also we can clearly see that the strength of sellers decreased on this support area(which previously act as resistance) while we can see good rejection which can be a proof of buyers power at this zone. So based on this this scenario and with considering risk reward standards, I opened a buy position with a good risk reward ratio about 1:3. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
CVS - 6.18% Profit Potential - Ascending TriangleCareful - I will wait for earnings before placing this order. Ascending Triangle formed after a 6-month correction and a recent run. Betting on last month's momentum run. Good risk-reward ratio and target set at a potential formation of a 6-month resistance line. - Target Entry: $77.80 - Target Stop Loss: $75.91 - Target Exit: $82.51 - Risk / Reward Ratio: 2.49 About me - 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
NYSE:CVSLong
by maschera
active trade set upwe are now explaining how do we take trade so you don't have just an idea but actually the process behind the trade. our entry trigger: 3 bullish confirmation on the macd -macd with histogram forcast showing a bullish momentum -macd4c showing a regression from the bearish momentum -macd vxi showing that volatility is on our side volume -increase of volume giving us a good support to our macd trigger. momentum rsi: showing an entry signal fib support- value area making our macd signal even more relevant ema showing an global downtrend. fondamentaly: using a forex correlation matrix to see divergence between pair. you have our tp and sl level so you can see were we see our idea become obselete or complete. best regards, daniel forex analyst for richmonstocks.
Education
by RICHMONSTOCK
Chainlink form a simetric triangle; inminent explosion soon!!!At the moment, in H8 timeframe Chainlin it's trap into this simetric triangle. But, if we lookig this lines analysis, we see that the resitance lines it's formed in two occasion confirmed as ressitance and now, we break out this lines and we form a support in this zone, that it's another good zone tobought Chainlink. My price etry was $32.23 USD and at the moment, we're normal, but we hope that my prediction go to the correct way. And looking the Daily chart, we see that we are in the important zone that we formed a support, as we see 2 dojis of indecision market, we hope htat this confirmation it's goes to the bull trend soon. For that, don't sell your Chainlink contract if you bought yet in the $32 USD approximately as me. We're going to the $50 USD and that, it's another accumulation zone that investor and holder are interesting in Chainlink.
COINBASE:LINKUSDLong
by harisonhbn9718
2
A - 6.87% Potential Profit - Uptrend Corridor BreakoutUptrend Corridor Breakout formed after a 8-month rally. Multiple new support confirmation yesterday. I usually want to see a support confirmation over a period of 2-3 days, however, I still feel that the risk/reward ratio is very acceptable. Therefore, I'll enter regardless. If you want to be safer, wait for further support bounces (although you might miss a run, if that happens). - Target Entry $126.30 - Target Stop Loss $124.36 - Target Exit $134.95 About me - P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | 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
NYSE:ALong
by maschera
HPQ - 14.95% Potential Profit - Ascending TriangleAscending triangle formed after a 9-month modest rally. Multiple new support confirmation over the past few days. Support has been broken in a few occasions. However, I still feel that the risk/reward ratio is acceptable. - Target Entry $24.30 - Target Stop Loss $23.81 - Target Exit $28.01 About me - P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | 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
NYSE:HPQLong
by maschera
2
ETH Trade Setups 2020/12/22Daily ETH Trade Setups There are two potential trade setups that could develop and we can wait patiently to see if either setup gives us a good trade entry Scenario 1: False Breakdown at Horizontal Support In this first scenario, we are waiting for price to hit the horizontal support @~$595 and then bounce back up. Confirmation criteria for entering a long position: 1. Candlestick: A breakdown candlestick (candle close below support @~$595) followed by a reclaiming candlestick (candle close above $595), ideally breakdown and reclaiming candlesticks are consecutive candles, but also have a few candles in between. 2. Volume: Above average volume (volume above the average volume line) on both breakdown candle and reclaiming candle, ideally the reclaiming candle's volume is a local high 3. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (color changing from red to pink) Ideally we get all three confirmations above for an entry, but sometimes we might only get 1 or 2 confirmations. The more confirmations, the higher the win probability. Scenario 2: Rejection at 200MAs In the second scenario, we are waiting for price to go up to the dynamic resistance zone of the 200MAs and then fall back down. This zone is currently projected to be $630-$635, but could be slightly different once we get to that level based on price action. Confirmation criteria for entering a short position: 1. Candlestick: A bearish candlestick pattern such as a bearish engulfing candle or a multiple candlestick breakdown (a large green candle followed by multiple red candles that eventually close below the open/low of the large green candle) 2. Volume: Above average volume on the bearish engulfing candle / on any of the multiple red candles that eventually break the green candle (ideally on the candle that breaks) 3. MACD: MACD histogram topping out (changing from dark green to light green Ideally we get all three confirmations above for an entry, but sometimes we might only get 1 or 2 confirmations. The more confirmations, the higher the win probability. Please follow for daily trading levels and potential trade setups on Bitcoin and Ethereum. I will be posting trade setups at about this time every day.
by cryptotraderog
3
YUM - 4.02% Potential Profit - Ascending TriangleAscending triangle formed after a 5-month correction. Multiple new support confirmation over the past few days. There is a potential to aim March's high and target a $105 price mark. However, not before we break past our original target exit below. Despite profit potential might not seem appealing, I still feel that the risk/reward ratio is acceptable. Needless to say that the price will highly be influenced by vaccine-related news, given YUM's industry. - Target Entry $98.79 - Target Stop Loss $97.67 - Target Exit $102.90 About me - P/L September +49.18% | August: +232.32% | 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
NYSE:YUMLong
by maschera
Low Volume + Weak Price movement = ROCKET!ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two potential scenarios that we would monitor. First of all, in the short run, the price should reach the bottom of the trading channel at around $356. This will act as a line of support, however, it is possible that we may experience the strength of the bears and If the price would manage to break below that level with good volume, then the upward move scenario is cancelled and the price will start to decrease in the attempt to form the double bottom, around the Macro Upward Trend line. If, however, the price will be able to hold the level of $356, then there is a good chance for the asset to gain in value and aim towards the level of 400$. Along with the upward movement, we should experience the first resistance level at around $366. If the price will go beyond the 400$ (with good volume), then it would aim for the golden pocket between $420-$426.
COINBASE:ETHUSD
by Wunderbit
5
Forming Divergence on Bitcoin.As we wrote in the previous posts, BITFINEX:BTCUSD price is targeting the final upward rise towards the golden pocket in the area of $11,241. Based on the volume and the level of RSI, if the price will able to reach this level then it will create a divergence on both of these indicators. We are starting to monitor the short position as this looks like an optimal point of entry. However, it would be important to wait for the divergence and the potential formation of either a double top or horizontal channel with the area of redistribution on the top of that channel. Best of luck with your trading!
BITFINEX:BTCUSD
by Wunderbit
7
Bitcoin trading plan (BTC/USDT 4H)The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current increase in price, it can be seen that the buyers do not show much interest in the asset at this particular price. Trading Plan: 1) The price may increase slightly towards the area of $11,200. If this increase will be accompanied by the divergence on the RSI, this will confirm the reversal. 2) After that, the price may be stuck in the horizontal channel for some time time. The volume profile will show if this will be an accumulation or re-distribution channel. 3) There is a higher probability that after the horizontal movement of the price will go towards the area of $10,300 Best of luck with your trading!
by Wunderbit
4
EXPE - 14.97% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug. About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a safer Limit order. Note that the success of this trade highly depends on COVID19-related news, and to AZN's vaccine development. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $96.86 (Stop) or $95.72 (Limit) Suggested Stop Loss $92.42 Target price $111.36 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.
NASDAQ:EXPELong
by maschera