FCPO TRADING : 82) reaching the 1st resistance-2560still uptrend, reaching the 1st resistance -2560...
might retest the next level at 2630...or retraces back to previous resistance-turn-support, 2476-2500...the end of fcpo-sept, new active month is fcpo-oct...
current support/resistance : 2560
higher resistance : 2630
lower support : 2476 - 2500 psychological number
WARNING :THIS IS FOR EDUCATIONAL PURPOSE ONLY. NOT FOR HINT OF BUYING OR SELLING.TRADE AT YOUR OWN RISK.
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Uptrending
FCPO TRADING : 79) imminent breakout to the upsidethis is trade 79) frm Haidojo trading...fcpo-sept has broken to the upside to test further resistance frm 2560-2630...
full steam ahead...! with 2 more days before the exchange date on 16th of the month, so I guesss the price is going to go wild...
overhead resistance : 2560 -2630
support : resistance-turn-support 2474-2500 psychological number
market is bias to the upside so trend-continuation trade is preferred...
WARNING : no hint of buying nor selling, pliz trade at your own risk...
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FKLI TRADE : 77) imminent upside to retest 1620-1640fkli continues its uptrend, despite having some political issues in the Parliament...which is not suitable to be discussed here...however, for most of South-East Asia's countries, politic cannot be separated from its economy...that's the hardcore facts...
current resistance : 1620-1640
support : 1587-1600
strong support : 1556-60
I am no expert, but I am definitely a chart's maniac...hehehe...
gud luck and gud trading
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GBPUSD 1.26521 + 0.34% LONG IDEAGood Day Everyone
Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
LINKUSD; Trends & TrianglesLINK on the 4hr chart, has shown nice triangle formations leading to breakouts during its continuing uptrend. We also have the 50MA / 200MA crossover back on 4-9-20, the 50MA crossing to the upside as an upward 'guide line' for this strong uptrend.
On the RSI, (currently at about 57.2 which is great to see, plenty of upside room) we also have a well defined triangle that has formed over the full length of the uptrend. I've heard this RSI triangle could mean hidden bearish divergence, but during a strong uptrend, it will be ignored and invalidated.
My gut feeling is we continue on the uptrend with another triangle break out upward to about 4.15 or higher.
Let's see what happens, I feel stronger on the uptrend for sure than a downtrend. Unless BTC starts to change direction, (which also seems poised to hit 8000 next), LINK, XTZ, ETH and other Alts should also keep going up as well.
Diagnosticating an Uptrend is Crucial (4hr Example)An ascending channel is used in technical analysis to show an uptrend in a security's price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Ascending channel patterns or rising channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns. The ascending channel pattern is often followed by lower prices, but only after a downside penetration of the lower trend line. The stock will continue channeling upward until it is able to break either the upper or lower trend line. An upside break is bullish, while a downside break is bearish.
Context: Often found within a downtrend, but a close look reveals a minor uptrend.
Appearance: This is a channeling stock with an upward tilt. The stock’s price action is controlled by two parallel trend lines. Below the stock is the primary ascending trend line which connects consecutive higher lows. Above the stock is a secondary trend line, which also is ascending as it connects consecutive higher highs. Price follows the path of least resistance in an ascending channel, which is up. Upon reaching the lower trend line, the stock bounces until it reaches the upper trend line, which acts as resistance as well as a profit-taking zone. Trading an ascending channel in the most effective way is through buying dips to the lower trend line for short-term bounce plays, or by waiting for a downside breakout to occur before short selling.
Breakout Expectation: Channeling stocks within ascending channels are only able to reverse course with a downside penetration of the primary ascending trend line. The intensity of this breakout, the duration of the channel, and the width of the channel will determine how far a breakout may carry. An upside breakout from an ascending channel indicates a higher intensity of buying, and is a technical buy signal. A downside breakout from an ascending channel indicates lower prices to come, and is a technical sell signal. - baby pips
21:38:54 (UTC)
Fri Apr 24, 2020
ATVI - Bullish flag formationATVI has definitely showed its strength in the past month and needs exhaustion. The $64.4 area looks to be a critical point for ATVI, as it looks to rest for the next couple of days to retest previous highs. If we look at the area near May 1st, you can see that ATVI has strayed a bit too far away from the 50MA and needs to comeback to touch. If you extend the moving average in its given direction, you can see that it goes through that $64.4 level near May 1st -( maybe 2 days before) going in that upwards direction. Also take note of the uptrend channel as the price has broken out upwards and needs to retest which should also happen around the lasts days of April. Lastly as stated before, the price needs interaction with the moving average sooner than later and usually when prices test an uptrending 50MA they bounce off in an upwards direction.
Buy Now AUDUSD I targeting the market will push up because of the retest and uptrend.
Set
TP - 0.65322
SL - 0.62503
Focus on buying AUDUSD.
Reason:
1. Uptrend Parallel Trend in H2
2. Price has never reached this low since 2003
3. Price retest on the green zone.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Bare with me this one is an explainer neederEnormous uptrend starting April 3rd to current. Next true resistance is .64320 found on far lefttttt.So how we set this one up before bed is with a buy limit to be sure we don't miss out . Price at .63944 with a stop loss at .63755 and target price at the .64320. A Lot of numbers in this one. Lets see what happens in the morning! Like and engage with a comment about what you see or if you have similar thoughts :)
Nutrien is looking strong - fertilizer stock with great dividendIn February I suggested fertilizer stocks looked great, after a tough 2019 growing season. After hitting lows of around $28, Nutrien has been on a tear. The dividend is still 5.5% and company is well positioned to benefit from a stronger planting season in 2020.
RH - positive and likely uptrend continuation - cyclic toolsNYSE:RH
This time its time to look at RH
RH has been moving upwards and forming an uptrend since early June 2019.
A quick look on the chart and we can establish a few key support/ resistance lines
Support 1 : 218.23
Support 2 : 206.60
Support 3 – 192.12
Support 4 : 171.34
Resistance – Stop buy entry level : 228.72
Resistane 2: 243.84
There seems to be chart formation happening. On breakout above 229, one could expect a continuation of trend
Upward Price target- 270
Interestingly, price seems to be making a trough or a intermediate corrections on the trend every 14 days. If this is the case, then yesterdays price close could be a near time low for the 14 day cycle. Next important day to look for is 30th Jan and then 13th Feb 2020 for next low on the cycle.
Interesting times ahead given that US and China trade wars seems to be moving in the positive direction
Please note this is not an offer to advisory, please consider account size and risk management tools
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KO t.a. & potential set up 10.18.19Coke's Major Keys
*Trading above SMA200
*Recently had a strong breakout via gap-up
*Break above & close above EMA21 & SMA50
*Recently left known oversold rsi levels
*Indicator convergence
ENTRY @ intraday momentum supports long term trend @ break above short term EMA
EXIT @ overextended indicator levels or any close below trailing stop
STOP @ any close below original SMA, convert to trailing stop @ any close below short term EMA after uptrend confirms above original SMA
Avast up on good Q3 resultsBreaking out of the pennant at 386 on good news.
Avast is already bullish.