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Trendline-breakout

NuCypher Breaks Out! Will it Hold?As stated in our thesis yesterday NuCypher was setting up a beautiful ascending triangle pattern. We identified a trend line for entry as well as defined our ideal profit targets and stops to control our risk. This morning NuCypher broke out on strong volume and reached a morning high of .64 The area above .62 was identified as a good area to take some risk off the trade. When price is being pushed quickly up or down there will not be a long time to identify and lock in profits. Using Limit Orders and Trailing Stops Can be an effective way to take some risk off your trade. This first target 20% above the entry we discussed and price came right up to it after the breakout. We also back tested the previous resistance levels allowing price to move higher. Strong volume confirmed the breakout when the back test didn't fail. Price quickly moved high and broke though .655 creating a new high at .6771. Again using a limit order or trailing stop above our previously discussed .655 level would have allowed you to capture a 30% profit. This was another nice area to take risk off. Since the highs of the day price has been moving bearishly making lower lows and lower highs. Some consolidation is expected as buyers will take profits and look for a more advantageous entry. If you wanted to buy into NuCypher I would wait for one time framing up on the 30 minute chart to confirm the bullish trend. Resistance Levels .64 .655 .69 Support Levels .60 .57
NLong
by itsenbay
EURGBP > The Range Is Getting Tighter and Due for An Explosion!!If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you. Analysis of #EURGBP Hello friends, while the RSI keeps making higher highs and higher lows the price was not able to make any higher high whats so ever. I am really following this setup closely and looking for a reason to jump back at this trade. If you look at the daily chart and weakly you will see interesting stuff, in fact, the price has not closed below 0.8887 but today if we close below the last weak wick 0.8812 this setup is not valid anymore. I will post the weakly chart below to check be carefully trading and choosing what pair to trade is very important. ▶let me know in the comment what pair you want to see the analysis for in my next free analysis Safe trading everyone Check today analysis below⠀ _____________________________________________________________________________⠀ -disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀ -⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Long
by TheTradersAvenue
20
USDJPY | Perspective for the new weekMy last publication on this pair fetched us over 200 pips (see link below for reference purposes) and it appears another trading opportunity is coming in! The Greenback has been on a spiral downtrend until last week when price turned around to show signs of strength as it breaks out of Bearish trendline to set up a possible rally in the coming week(s). The Greenback appears to flex muscle as the idea of stimulus coming out of the United States lingers. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Trendline Observation: i. Breakout of Bearish Trendline and Support/Resistance (key level @ Y103.700) last week gives the impression that we might at least experience a change in trend. ii. With this Breakout, we might have to be patient to see the extent at which the corrective phase will go before hopping on the rally. Trading plan: BUY confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:3 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURUSD | Perspective for the new weekAs against my previous speculation (see link below for reference purposes), The EUR/USD pair recovered its long-term bullish stance as buyers finally found the momentum to break Major resistance @ $1.1900 (a major Support level) followed by a retest of this level to make a new Support level for Bullish opportunities. Tendency: Uptrend( Bullish ) Structure: Trendline | Breakout | Supply & Demand Observation: i. The line drawn under pivot lows emphasizes the prevailing direction of price as price makes a Breakout and found a Demand zone! ii. Breakout of $1.19000 level affirms the strength the buyers have in this market as we look forward to a Bullish run in the following week(s). iii. Watchout... a temporary correction "might" happen early this coming week before a rally continuation resurfaces. iv. Please note that if at any time price breaks below $1.18800 with significant Bearish candle, we might take a hold on this bias and revisit my last idea (link below for reference purposes). Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward: 1:3.5 Potential Duration: 2 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
GBPCAD > Can a Breakout Happen Soon?1Analysis of #GBPCAD Hello friends, thank you for taking the time to read my analysis, please like and comment below, means a lot the market here has been making somewhat higher lows, but faced with resistance near 1.7300. the plan is if the market break and close above resistance level I will look to enter a buy trade if the rules are met to target the nearest resistance near 1.7500-1.7550 Really appreciate your support and feedback Check today analysis below ⠀ _____________________________________________________________________________⠀ -DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀ -⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Long
by TheTradersAvenue
2
GBPJPY | PERSPECTIVE FOR THE NEW WEEKThe British pound rallied significantly during the course of last week which happens to be driven by improving risk appetite. It is worthy to also note that the JPY crosses have been drifting higher alongside global equity markets as this stimulus continues to be a major driver of markets. This been said, the Key level @ Y136.600 will be my yardstick in the coming week to gauge the strength of the Bull against the Bears as I am looking forward to finding a buying opportunity above this level. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout expectations | Trendline Observation: i. Price found bottom as we experienced sharp rejection of Y135.500 in the latter part of Septemner 2020. ii. The arising of a Reversal pattern followed by consecutive Bullish run from Primary Demand level @ Y135.500 confirms a new trend has begun. iii. We saw price holding above Key level @ Y136.600 last week Thursday and Friday which also respects the Bullish Trendline on the chart. iv. Patience is pertinent here as I shall be looking forward to a significant Breakout of Y138.000 (a respected demand level in the past) for a signal in the coming week. Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward: 1:5 Potential Duration: 5 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
USDCAD Pivot Point - Watch for breakoutBig USD and CAD news today and we are nearing a crucial area. Down trend line is holding strong, indicating bear power. Strong Daily support in place indicating possible retrace. Wait to see whether price breaks above (buy signal) or below support (sell signal). Regardless of which direction it breaks, we have a large opportunity to make profits. Will keep everyone updated. Good luck! Charles V www.cvfxmanagement.com Trading made Simple
by cvfxwealth