Enjoy this short video analysis today.
I really don't have much to say about this, it is a classic overvalued market. Speculators may look to take profits here, but momentum is so strong don't rule out a final push to $700. Expecting the first bear wave in 4 years, it can take us down to $550 or lower, even possibly $450. From there I'm assuming a bounce to retest highs and fail, or break above towards...
Long AMD trade exit. Might be worth re-entering this long for a breakout towards $20.00, but I need to see a bearish wave first. It has so far been a straight up move since bouncing off of $10.00. Bearish targets or targets to get long again may be near $12.80 and $12.00 Disclaimer: Not financial advice.
Bulls are not giving up their long positions despite the substantial drop, which is interesting. I think we could base for quite a while near 1.15 before going above 1.25. Tight stop on this one to justify the large target, and I already have other positions underwater. Disclaimer: Not financial advice.
2nd entry hit, and my prediction for the path of the Euro follows the arrows. I will do a video analysis later, perhaps. I certainly would not place a tight stop loss on this, as the reversal will happen, but there's a very strong chance of more stop runs. Disclaimer: Not financial advice
Aussie has a much stronger base than EURUSD, and I expect it to gain in value vs the EUR as well. Playing EURAUD short could prove beneficial.
We appear to be ready. 2 day chart on the left. Zoom out if you need. We have potential for triple bottom (and not a deep bottom for the 3rd leg, which is good) and a breakout of the triangle. Risk is 11% (unleveraged) to make 37%. However, I typically talk about risk as a % of trading capital, not movement of the market. As a % of risk capital I am risking 4%...
Decent technicals. Downtrend so sharp may have to exit on heavy whale selling instead of waiting for target, at least on first bounce. Disclaimer: Not financial advice.
Everything is lining up for a correction, although don't be so cute you think it can't run to 1.1730. Play very tight stop + wide target or very wide stop with a 2nd entry, both wide targets. Disclaimer: Not financial advice.
I got in at $13.10 just before the move up to $16.00. It's still a good price in the very-long term, IMO. This small crypto can hit $200 again, it's a risky play for sure. $1000 is the target if it takes over ZCASH. I also owned this from $2.25 last year. It has been good to me in the past, I believe it will continue to be good to me. However, I cannot put that...
The entries, stops and take profits are clearly defined by the RRratio boxes. One of the longest sustained moves I have ever seen without a 150-250 pip bounce. Usually when the market moves 1000 pips it has a 150-250 pip pullback before then. We have a daily divergence forming on fast MACD as well, and RSI (2) appears to be ready for a couple days of bullish...
Comparison for EURUSD and other currencies. Enjoy a look into my thought process. I have no idea why TradingView doesn't allow for higher quality recordings. I hope its visible to you. Disclaimer: This is not financial advice or a recommendation to buy or sell any asset or security. This is my own opinion, a public journal.
Just trimming some longs to add back on a dip. Being a smart trader. The brave speculators among you may short this providing more liquidity for whales accumulation and the inevitable squeeze. HODLstack is HODLstack. FLIPstack is FLIPstack. Be a smart trader. Disclaimer: Not financial advice, not a financial advisor.
Collect a few weeks of high yield swaps, why not? Never leverage Turkey on the long side. Disclaimer: Not financial advice.
I would play this one conservatively (wide stop loss) but I do think there is a good chance of a snap back near 1.38 / 1.39 dollars per british pound. Disclaimer: This is not investment advice.
2nd entry waiting deeper. Targets 1.2050 and 1.2150. We always prepare for the worst, meaning a deep stop run. I don't mess around with tight stop losses for my public journal or my major positions. I will only do tight stop losses with very small risks, 0.01-0.05%. These are not possible to post in real-time unless you are in my telegram group, which is invite...
Disclaimer: Not financial advice. Risk less than 1% on each trade.
2nd limit order has been hit, lets hope those stop losses are not hit. The reason this 2-week move has been so powerful is because the Euro was massively overbought on a monthly time frame. Normally we would see a bounce right now and if we do not, there is obviously an elephant in the room we do not know about. Disclaimer, not financial advice..I am not a...