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CADCHF Swing I Headed down +150 PipsWelcome back! Here's an analysis of this pair! **CADCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
GBPUSD Nears a Multi-Year Resistance, Develops a Double Top The GBPUSD pair rose sharply today on the better-than-expected labour market numbers for April. Unemployment fell by 0.1 per cent while the number of people claiming benefits decreased by 15.1 thousand. The GBPUSD is trading just below the historic resistance level at 1.42430, which was last broken in April 2018. The sheer prominence of this level alone could at the very least cause a minor disruption to the underlying uptrend. This is what happened the last time that the price action tested the resistance. The resulting Left Top was exemplified by a Shooting Star candle, which signalled an imminent reversal. If the current upswing is terminated below 1.42430 yet again, this would signal the completion of a Double Top pattern. Double tops are typically taken to signify likely bearish reversals, which could result in a new correction headed towards the next psychologically significant target at 1.40000 or the 23.6 per cent Fibonacci retracement level at 1.38730. While the MACD indicator underscores the prevailing bullish momentum in the market at present, the price action is nearing the upper boundary of the ascending channel. This, too, could end up catalysing a new bearish correction.
Short
by Trendsharks
🐂 Bitcoin Bulls in Control...🏋️‍♂️ but for how long 🤷In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately. On Balance Volume looks amazing, as it has surpassed its 2017 highs! Moving Average Convergence Divergence confirms a strong trend. But the price is king. Bulls need to prove they can close a weekly candle above $12,000... 🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅
COINBASE:BTCUSDShort
by ChartCinema
Japan 225 (NK225) has shown accurate Short signalExchange rate made a fake broke of historical level 24182. H4 close under it. It's a signal that big players don't have enough power to move it up. I think there will be pullback to Mirror level 23000. We can open a deal because 1. Potential profit in 5 and 8 times bigger than a risk. 2. There was a fake broke of historical level. 3. H4 candle close under key level. Open a Short at: 24146 T/P1: 23446 T/P2: 23100 What do you think about NK225? Write it in comments please. P.S. Push like and subscribe if you want to see more signals in the future. I'll write when to open a deal if this post get 30 like. Always Use proper risk management!
FOREXCOM:JP225Short
by Yuriy_Bishko
5
August 2018: ONLY IF history repeats itself in this way...UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this? *I know it's a long shot, but never know! (Isn't all TA long shot?) *As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict) *ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
BITFINEX:BTCUSDLong
by junkofdavid2
2
AAPL: Looks exciting againExciting backdrop Fundamentally, Apple remains a safe haven Technically, the stock is positive on every time frame Double breakout It formed a visible, short-term cup-with-handle since Jan 18 (see chart) It broke out of the formation 3 sessions ago on March 8 (last Thu), in mild volume Yesterday, it also broke out and closed above its most recent historical high at $180 The stock could be headed to 200 - Looking for volume confirmation Next resistances 189 / 195 / 200 Next supports 178 / 174 / 172 / 170 / 168 / 160 How to play it? Play the double-breakout and buy the shares here Stop-loss $174 (-8) Target $195 (+13) R/R 1.62x
NASDAQ:AAPLLong
by HAL9000
LULU: Breakout confirmedLULU broke out in December 2017 after posting solid earnings, and has been building a base since, below 82. The 82 resistance has been tested multiple times before since 2012, but the stock had always failed to close above it. Yesterday, the stock finally broke out AND CLOSED above its $82 resistance. This is a signal to buy the shares. From here, we look for: - The stock to remain above 82; - Volume confirmation (pickup) above this level; - A next threshold to break and close above the 82.50 historical high. This is the trade setup post breakout: - Buy the shares at the market today - Next targets $82.50 then $88 then $92 then $105/share from here - Stop loss at 78.5 / 76 / 72 / 68 / 64 depending on your risk appetite
NASDAQ:LULULong
by HAL9000
LULU: Breakout imminent?LULU has been toying with its historical high around 82 since mid 2013... It is now back there and attempted yet another breakout above its historical high as late as last week. It has also been building a base since Dec 2017 towards the very top of its current range. All these elements make a breakout more probable, but not guaranteed. I would watch and interpret any close above 82 as the first sign of a proper breakout - And a compelling reason to buy the shares. I have prematurely purchased the shares last week on an intraday break of 82.
NASDAQ:LULULong
by HAL9000
Another breakout above historical highsYesterday's session produced yet another intraday breakout above the previous historical high. This market remains very strong and refuses to go down, notwithstanding a rich valuation and still supported by abundant central bank liquidity. We have had a noticeable "time consolidation" for the past month, where the index did nothing since December 20. This new breakout remains valid as long as we stay above 2260. Please also note the meaningfulness of the move as it appears coordinated: - USD down - Gold down - Volatility down - NASDAQ and SPX breaking out at the same time - RUSSELL 2000 turning back into the uptrend and providing breadth - Supportive corporate news flow: * Good corporate earnings * Abundant M&A * Share buybacks It seems all systems are in the green for the US Equity market. DJIA is yet to break above 20,000. If this were to happen, the breaking of this significant psychological level would lend further credence to the current uptrend.
SP:SPXLong
by HAL9000