XAUUSD LONGThe Gold currently is in a upward rally (daily Time Frame), after a short pullback where it has found a support area (coinciding with the 8 ema), it will continue with its rally.
We are using an one hour time frame to find the best moment to enter into the rally, and we will have a good oportunity when the price will cross the 150 wma
We can put our 1/2 TP in the previous Higher Price (1324) the 2/2 TP in 1339 and the SL in our previous Lower price (1305)
I always recommend to move the Stop Loss, you Never should convert a Winner position into a losser position
Upward
BTC going to hit $20,000? Or is it coming back to $15,000?Attention, everyone holding alts, DON'T SLEEP!
This is critical moment for both bitcoin and alts, Bitcoin had a correction recently and it found support near 50 day EMA as it also did that back in November, 2017. This time the critical support was at $12,800. It's trying to bounce back to it's ATH and breaking resistance after resistance from few days. It broke $14,000, $15,900 and now $16,800 resistance. Let's see if it holds good on $17,000 and break the resistance at $17,600.
Trading:
Make sure you exit from most of alts that are near their All-Time-High and only keep those alts having low market cap and more potential so they can out-pace the growth of BTC. It's safe to hold BTC at this critical time. Invest in alts when BTC is near it's ATH because ALTS will be at dip by then. This doesn't apply to all Alt coins. If an alt coins goes up 80% and BTC goes up 30% in a week, then the alt will be up by 50% in it's stoshi value.
You should find out sell and stop-loss limits for your alts so that you don't get rekt in this market.
In my opinion, we will see bitcoin at $20,000 in few days since it's showing signs of bullish trend. Let me know what do you thing in comments below. BTC going to hit $20,000? Or is it coming back to $15,000?
GBPUSD backing to the upward trend lineIn the last week we were expecting that GBPUSD go upper at least to last local high near 1.36000 but price backed and our long trade was closed on break even. GBPUSD is still in upward trend over trend line. Now we are out of the market waiting if price will fall to the upward trend line.
GBP/CAD upward movement.It looks like both the trendline connects to higher lows to create an uptrend and it's been hitting the support line couple times as well as pointed out in arrows.
Two places can be used for take profit because the red trendlines make a upward channel which could predicted a higher yield of profit making.
BTC ideaNow is the decision time for BTC again. The downward chanel was broken on the 20th of July and BTC nearly retested ath. Now the price is at 0.786 fib area. If we can apply Elliot waves and may this movements be the 1st and the 2nd impulse waves, then the third wave is approaching and by the 1st of august the new ath should be set. If we go downward then entry point should be somewhere around 2200-2300. For positive prediction: 1st target area is around 3k and the next one somewhere around 3300-3500. THE KEY for upward movements should be a breaking out of 2700. Happy trading.
LTC IdeaLTC is going just by the 2/1 support line. It bounced of 0.5 fib level and returned to the line. Now i'm expecting slow rise to the 3rd arc pair and then we can see a big thing after it closes out of the arc pair. Stoch RSI is about to cross the bottom line of buy zone. Buy and sell zones are red and green rectangles on the chart. Happy trading.
STR decision in 10 hours.IMHO there should be some good movement in STR/BTC pair in very short term. We can see a nice jump to 800. Breaking the arc should be the key.
Also, i see now a big buy wall at poloniex, something should happen, no doubt.
$hsy ready for upward swing!higher time frame in uptrend finding solid support and retraced to .50 level- looking for a bounce upward
mid time frame is forming an ascending triangle with positive momentum and volume
looking for breakout of resistance area of 112.4x to first target of 113.5x area
lower time frame is showing once resistance is broken- there is the least resistance for strong momentum
NZD/HKD potential double bottom formation?There seems to be a possible double bottom formation occurring around the 5.35 area.
The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.
I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of the strong upward trend.
Stop loss is small yet effective and take profit levels are looking very realistic at the moment.
But yeah thanks guys and I'll carry one with another one next time.
LJPC - Speculative Flag play from $34.13 to $41.89LJPC had a huge jump & now seems forming a flag formation. The flag break did not occur yet, however in hourly frame we can see that it got nice base of support in the moving averages and seems getting ready for breakout. So we would like to take a speculative entry around $34 & our target would just below $42
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag play
Entry Target Criteria- Break of $34.13 (Hit March 1, 2017)
Exit Target Criteria- $41.89
Stop Loss Criteria- $32.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
DIS - Upward channel or Rising wedge breakdown short from $108.5DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Upward channel or Rising wedge breakdown
Entry Target Criteria- Break of $108.50 and MA-50
Option - $110 May-17 Puts
Exit Target Criteria- $104.13 & lower
Stop Loss Criteria- $111.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ATEN - Flag formation long from $9.74 to $10.57ATEN seems forming a Flag formation. Moneyflow increased & showing upward potential. Looking very good as long.
* Trade Criteria *
Date First Found- February 16, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $9.74
Exit Target Criteria- $10.57
Stop Loss Criteria- $9.27
Please check back for Trade updates. (Note: Trade update is little delayed here.)
RMBS – upward channel, seems ready to breakRMBS – upward channel, seems ready to break
Trade Criteria
Entry Target Criteria- Break of $13.60
Exit Target Criteria- $11.83
Stop Loss Criteria- $14:70
Option $15 May/Jun/Jul Puts
You can check detailed analysis on RMBS in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 13:00"
Trade Status: Pending
We checked further in Thursday Live Trading room (only available to subscribers)
(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
NZDUSD long in the channelNZD is currently in the uptrend channel and I think it is a good idea to enter long trade on the dip.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
EURJPY : Upward Breakout Descending Triangle?Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY that seems to be near completion soon!
But I seem to find signals that it will be an upward breakout instead!
-Stochastics have shown a bullish divergence
-Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level
Seems like it could be a really good buy signal! I love divergences, they are always so strong!
If it breaks upward, I'm gonna trade it!
If it breaks downward, I won't touch it!
Weekly Chart 50.0 Fib Level:
Any thoughts and comments on this? Share it here! :)