EURCHF video top-down AnalysisHello everyone, here is the top-down analysis for EURCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Trendlinesmatter
STEEMBTC nice 4h breakout 🦐The price broke dynamic trendline and now is testing the previous resistance, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
The Golden Pocket | Long SetupEURCAD approaching back down to retest the respectable ascending trendline and the recently broken descending trendline. We will be looking to open long positions on a pullback near the 0.618 fib level, which ultimately corresponds well with a previous level of strong support - creating this zone of confluence.
GBPUSD Fib Rejection | Channel Continuation GBPUSD just had a strong rejection off the outer 0.618 fib level, in correspondence to our current ascending parallel channel. We will be looking to see the price head downwards from here, and potentially retest the bottom trendline of the channel. Furthermore, the inner Fibonacci is also indicating a good area around the 0.618 level to open longs, as well as the strong S/R area highlighted in green, ultimately creating this "zone of confluence" where we wan't to open our positions.
Banknifty Trendlines - 27 April 2020Just helping lines - #trendline for the #banknifty everyone's favourite stock to deal with.
Check the resistance and support created with trendlines.
#bankniftystrategies
Bandhan Bank R & S Zone with trend lines April 20Watch the video to learn basic about the trendlines of how to draw these and where you can find the support and resistance. (Sorry I don't rely 100% on indicators)
Hope you find this useful.
Thanks MK
GBPUSD price Action on H4 timeframeGBPUSD is a sell but its moving up for now. It will fall as soon as the conformation is made by the trendline.confirming a third candle stick that touch the rendline acting as wave resistance.
@fx_hackers_na 🇳🇦
Trade Ideas Analysis: Oil TriangleAn ascending triangle is seated nicely on the trendline, an aggressive trader will still need to wait for the close of this candle and decide should they still engage the trade.
EURUSDEU had a strong move to the upside reaching a key level of structure & 3rd outer trend line hit.
If price stay below 1.1200 or the trend line, I'm expecting a bearish wave back down towards 1.1000 or lower!
Nasdaq Update: still some room into climactic topShort-term weakness quickly overcome again, yet long-term trend analysis shows signs of climactic run
WYCKOFF STORY
SHORT TERM WEAKNESS INTO THE END OF THE LAST WEEK NEVER MATERIALIZED INTO AN ACTUAL SIGNAL
AND MARKET REMINDED US AGAIN THAT WE ARE IN A RUNAWAY MOMENTUM PHASE OF ADVANCE
DEMAND IS NOW OF SPECULATIVE NATURE AND A LOT OF INSTITUTIONS ARE RIDING MOMENTUM
WHICH THEY WILL ABANDON AT FAST RATE ONCE THIS MOMENTUM BUBBLE BURST
ONE-TO-ONE PROJECTION OFF THE BASE (2064 POINTS, 17 WEEKS) SUGGESTS A TOUCH OF 9500 BY JAN 27-31
BUT CLIMACTIC RUN COULD COME ON WEDNESDAY'S SIGNING OF THE TARIFF'S PHASE ONE AS "SELL ON NEWS" EVENT
USD/JPY: Outlook and great OPPORTUNITY!Hey tradomaniacs,
welcome to an outlook for USD/JPY.
We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone.
This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio.
Still it is important to see a confirmation for this setup since a potential S/H/S-inverse could cause a break above the trendline for more bullish momentum.
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
$CREE Lower Prices Ahead$CREE is under pressure technically and broke under a key uptrend line. Just looking at the chart and you can see that $CREE has been making lower highs and lows. We believe $CREE is going under $40 and will test new 52 week lows. This all comes after $CREE delivered disappointing Q1 earnings and forecast a loss in Q2. Here are the highlights:
Cree (NASDAQ:CREE) beat Q1 estimates despite a 12% Y/Y revenue decline. The downside Q2 guidance sees revenue of $234-240M (consensus: $244.17M) and a loss per share of $0.07 to $0.11 (consensus: $0).
Q1 Wolfspeed revenue totaled $127.7M versus the $128.6M consensus. LED revenue was $115.1M compared to $114.2M.
As always, use protective stops and trade with caution.
Good luck to all!
$VFF Is A Buy Off Key Trend Line SupportWhile most cannabis names have broken trend line support, $VFF support is still in tact. We are now seeing a nice bounce in $VFF and one which we think will continue. $VFF is one of the strongest cannabis players in the space and will be a market leader when the cannabis bear market is over.
Some highlights of why to be Long $VFF:
*actually profitable with other farming products contributing
*reasonable P/E and P/EBITDA and P/S
*already growing good quantities
*ultra low cost $0.65/gram already (will decrease with addition of outdoor growing acreage)
*weed crop and sales expected to be profitable in Q1 2020
*good acreage
*does outdoor and indoor growing
*facilities in place
*has branded products
*has access to US market in multiple states
*has access to Canadian market
As always, use protectives stops and trade with caution.
Good luck to all!
EUR/USDRejected from outer trend line - created and Equal Higher High running back down.
If the previous HL is broken, expecting a retest and further downtrend.
USDCAD LONG I am seeing a potential inverse head and shoulders pattern on the 4 hour timeframe for this pair. I will have to wait for the completion of the left shoulder for confirmation. So far the pair has been showing bullish signs and had a recent break of its down-trendline from September 19, 2019. Price has been holding highs within a range around 1.3200. Once we see a significant break out of this range, then it will add confirmation that is needed for the right shoulder. If 1.3400 highs are broken then I will take price up 200 pips to 1.3600. Anything can happen, especially with NFP coming this Friday so I am prepared to get out with a defensive strategy if need be and be prepared to take a short at the break of 1.3100 support.
Where Am I Buying BTC?COINBASE:BTCUSD Buy zone for my personal BTC buy shown on chart. Main point of focus is the nearly horizontal trend line shown in thicker red. In a perfect world price action would go ahead and dump on off the meet the convergence of trend lines over the next 7-10 days, or even take a slower, more measured downward slope in that time period. I won't be making any BTC purchases above this level however. If price does not make it down to the level shown, I will begin purchasing again on the convincing break and close back above the 125 daily moving average, for reasons given in previous posts. Just putting it out there for anyone interested in knowing. Happy hunting and GLTA!!
Welp, Hope You Got Into USDC When the 125MA Was Lost...COINBASE:BTCUSD Shown in my previous post (linked) was how crucial holding the 125 daily moving average was to BTC. As soon as it closed convincingly below it yesterday, I went 100% USDC, and shipped them to my Nexo savings account. if you don't know about that, hit me up. Returns that beat the S&P500 average annual return over the last 30 years by more than a full % with zero risk of losing capital. Too good to be true, right? I thought so too. But I digress. Point is, I will be a buyer of BTC now at areas marked on chart, and buys will increase in size as price decreases. Option 2 would be to wait and buy back in when BTC breaches the 125 MA to the upside again with authority, which should signal a return to bull market scenario. And please please please don't be fooled into thinking "Oh, the RSI is oversold, I can buy now..." like so many I see. Note the spot I highlighted on the chart from a very similar candle and very similar RSI reading last November. You will note that BTC fell over 40% more before the tide turned, and the RSI was oversold the entire time. Don't try to time this on RSI or support lines. Find consolidation areas for buys, use fibs, or simply wait on the 125 MA as it has been the most telling indicator yet of whom is really in control of price action. Follow me, don't follow me, no skin off my nose. Just putting my plan out there for all to see, win or lose. I win quite a bit more than I lose, but so what. It's only the future of money we're talking about here. You could always just cash out in regular old USD and put it in a savings account to grab that whopping what, 1% APY? Or buy some bonds for that 2% APY. Or buy the S&P500 for that 6.73% APY (thats the average annual return last 30 years btw). Personally my limit buys are already set at these levels for BTC. I also have buys for ETH, BCH, and my personal favorite underdog (sorta) which is DASH. In the meantime, I'll be getting paid 8% APY that gets compounded and paid out DAILY for my little ol' USDC's. Rule of 72 says if I just put all my money in this account and forget I own it I double my money in just 9 years, worry free. I don't know about you, but from a long term investment standpoint, I mean, wow. I'm all the way out of stocks now except for literally Kroger's and two more secrets of mine, and all focus is on crypto for the foreseeable future. As long as money runs the world, the future of money will run the markets. And make no mistake, #Fintechisthefuture. Happy hunting and GLTA!!
**DISCLAIMER** Obviously just one weirdo's opinion, DO NOT buy or sell something because I said it looks pretty and then complain about losing your money please. If you think I'm full of shit, join the crowd and send a comment making fun of me. If you think I'm right, then you are obviously very smart and I'd imagine very handsome/pretty, send a comment saying we will rule the world with our cryptos soon. But whatever you do, DO NOT take this as financial advice to buy or sell securities. Thank you and good day.
How important is holding the 125 MA to Bitcoin??COINBASE:BTCUSD Shows us the answer. Coinbase exchange daily chart shown. As seen on the chart, when BTC manages to climb through and hold above the 125 daily moving average price action tends to rally upward quite nicely after each brush with the support. However, when the 125 MA is breached to the downside, bagholding ensues. Once under the 125, price action tends to fall off sharply after each brush with the resistance. So while the general consensus is that the 200 day moving average determines bull/bear market sentiment, I would argue the 125 MA is a much more telling source of information on whom is in control of BTC price action. This is important to note because as the chart again shows, BTC is flirting once again with the 125 MA after the sharp price increase that was seen when it broke back through the 125 in March, which "refreshed" the bull market (see what I did there lol). So, if you are on the sidelines, now is a good time to go long BTC. Reason being, if the 125 ultimately holds, you get the entire move. If it does not hold, you can cut out with only minimal losses. I am on record for a while as being a proud owner of BTC, DASH, ETH, and BCH, with a sprinkle of LTC as long term investments, so I am slightly biased to the longside. But to me #Fintechisthefuture, so sue me. Happy hunting and GLTA!!
NFLX Tri-Star Doji Reversal Pattern Weekly PrintNFLX Not only broke out of the downward channel it had been riding, but on the weekly has printed what is known as a Bullish Tri Star Doji , which is a reversal pattern. See link for image. slideplayer.com As with any candlestick pattern it is not enough to simply print it, that is absolutely no guarantee that price action will follow suit. However, they are helpful hints when combined with other factors (i.e. the breakout of downtrend channel and very near touch of uptrend support line that NFLX just had) to give you a slight edge on the market. My short term sentiment has now changed on NFLX , and will initiate a long position through call options upon close above highest doji print, which is above 301.55. First target 345.76. The caveat is if there is no close above 301.55 within the next week, pattern would be negated, and I will reevaluate. Happy hunting and GLTA!!
Apple Bearish Counter Attack CandlesAAPL Printed a two candle formation known as a "Bearish Counter Attack". This occurs with one up, green candle first day. Second day sees a gap up open, then red, down candle that closes at the same area as the previous up day closed. In the case of AAPL, it was within one cent. Some research has revealed that this formation results in a down day the next day 57% of the time, with the next day being up 43% of the time. See attached image. www.feedroll.com In my opinion this daily move would fall under the "noise" category, as in a previous post I noted the striking similarity between AAPL price action and a harmonic pattern that could very well take AAPL to 250 before any serious fall. See linked idea. Still money to be made both ways inside a bigger, measured move. Happy hunting and GLTA!!
Augur Worth A Look Right NowCOINBASE:REPUSD Appears to be near breaking out of its consolidation pattern now, so it's worth a look. Needs to hold here and close above trend line, but I went ahead and swapped a little BTC for REP, see if I can catch them both in breakout areas. Of course there is no guarantee the breakout will be up, could very well break below and take off. But when you throw in the 150 MA (30 Minute) coming up to support area as well, I believe this consolidation to be a continuation pattern flag/pennant after the steep price increase of the last couple days. Having said that; Entry 10.84--Stop loss 10.60--First target 14.55. RRR stands at over 17.5:1 in favor of reward using those numbers. Some altcoins have held their ground or gained while BTC has pulled back a bit. If BTCUSD can break out upward of the diamond formation it is currently in, this and some other altcoins may go along for the ride, with an even bigger possible % gain. We shall see. Hope everyone enjoying their weekend. Happy hunting and GLTA!!
Boeing Weekly Diamond Pattern BA SHowing on the weekly defined diamond pattern, I believe most likely a diamond top. See link for example. static-news.moneycontrol.com General rule for trading diamonds are the first target on breakout is equal to the size of the diamond. My first target for BA breakout down from this diamond would be around 247 area, but could go lower for uptrend support line touch. Here's the issues with trading this. This pattern could theoretically extend out for a while yet to come. So, to minimize risk the safe play is to wait for break below trend line/bottom diamond line to short. There is another, riskier play. Of course with more risk also generally comes more reward, so balance that according to your trading style. Option 2 would be to short now, since the last weekly candle touched then pulled back from a short term resistance trend line. If it were to be rejected and head down to bottom of diamond, that's a handsome reward without even breaking the formation. Nevermind how much dough it would be if it actually went ahead and broke out. If you decide to play this choice, be sure to set a stop loss just above the short term resistance trend line, so around 370. This represents a 5:1 ratio in favor of reward just to bottom of diamond. Total RRR to first target from close is around 15:1. Hit a nice gain last week off that Monday premarket drop, but will likely wait for breakout of formation to short here. Happy hunting and GLTA!!
Close Up Of Previous Idea and LevelsCOST Ideas are attached, had opportunities to get in and ride this ride on up while everyone else thought it had ran too far too fast. Now sitting at an inner resistance area of its lifetime channel. Break above and hold here then opens up 370's-380's next, knocking on the door of 400. Make sure you look at this chart through the correct lens, and don't just take anyone's word for it that its "overbought" or "exhausted" or "parabolic" and has to come down. It isn't and it doesn't. Congrats if you've been in here a while, or if you bought just a few weeks ago. For now just watch price action around this trend line, and trade accordingly. Happy hunting and GLTA!!
