crazy day in trade Am has been crazy , huge pump in Ah rise to 14 trimmed , falling like a rock in 30-40 min , someone really likes this at better price .I go along with that , LONG
Long-trade
New bullish move for USDCADI believe the above resistance will be broken and the price will pullback to test it. Once the price failed to go below it when it pullback after crossing it, the new bullish move in USDCAD has high probability to occur.
GBPUSD LongGBPUSD Long.
You can see a new structure forming, hit current support at the 1.29 level with a bullish engulfing forming.
TP Level at the 1.296-1.30 range, SL at 1.2987
Bullish movement on AUD/JPY by ThinkingAntsOk4H CHART EXPLANATION:
On the 4H chart we can observe that price made a corrective structure before breaking the Resistance Zone. We expect this movement to reach the Descending Trendline.
DAILY CHART ANALYSIS:
XRP Diamond Pattern Bottom, BULLISH IF BREAKSThis is the idea of Peter Brandt. Follow him on Twitter.
"Pending a close above .3038 the diamond bottom will be completed with an initial target of .4691 $XRP" Peter Brandt
XRP is in a text book Diamond Pattern. I will be adding to my position once XRP closes above the resistance line. I already entered back at the .28 cent area and have a partial sell order at .4889, keeping a trailing stop, need to preserve that capitol and make a profit, THIS MARKET MOVES FAST!
GBP/JPY -- Long -- 4 Hour ChartGBP/JPY Long on pullback to support zone.. 4 Hour chart.
Entry - 130.379
Take Profit - 132.355
Stop Loss - 129.720
RR 3.1
SPY's got a busy week aheadCheck out my analysis on this chart via YouTube at Dumb Money Trader
Trade talk meeting in Washington D.C. this week. Big week for SPY. Stay tuned and keep your eyes and ears open for changes. Might be a volatile week.
BUY FOR NOW!I see price breaking through a few resistance levels before falling. Buy for now, but respect the resistance levels, because price can reject those levels; one do not want to get caught in a buy once price falls..
AUDJPY Long(Trade)IdeaAnother Long-term Trade. The RSI overbought, but the next Resistance level is far away. With correct SL, enough space for the correction, this is a great opportunity.
Ascending Triangle on USDCAD Possible breakout, great trade opportunity. The two MA confirm the forecast.
EURCHF LongHello everyone, hope you're doin fine,
We hit old but fresh demand zone :)
its right above daily zone so it has good odds enhancers
GBP/USD Ready for the Bullish Movement? 4H CHART EXPLANATION:
Based on the Higher Timeframe Analysis, we consider that this pair is on the end of the Bearish Trend. On the 4H timeframe, we would wait to the breakout of the last maximum Levels to be broke to consider placing a trade. The short term targets are the Top of the Descending Channel, the Resistance Zone, and the Lower timeframe Descending Wedge.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Bitcoin Long Setup (H4 timeframe)Bitcoin has build a downtrend since the rejections of the 13200$ area, in the H4 timeframe.
I think Btc is going to make a correction to the upside target 11640$. The daily timeframe
is showing a nice uptrend since the 25th of April. After breaking through the daily trendline
the bulls were able to show strenght and managed to break back above the daily trendline.
In addition to that, we can see in the H4 timeframe, the building of an inverse
shoulder-head-shoulder formation.
Arguments for the long trade:
1. Daily trendline as support
2. Support zone of 9730$-9900$
3. A possible inverse shoulder-head-shoulder formation
Nevertheless, i am waiting for almost clear signs and candles for the turn back at my
buy zone, before i open a trade. Should there be a clear break of the daily trendline,
(H4 or Daily timeframe) this trade becomes invalid.
Keep in mind sometimes you miss a trade, but that ain´t a problem. The market
always offer´s new opportunities to take trades. It is very important to stick to
your trading plan and do not rush into trades.
Minimize risks & maximise profits ;)
Now to the trade:
Only risk 1% of your capital by trading cryptocurrencies, because the market is very manipulated and volatile.
Buy in: 9900$ area
Stopp loss: 9690$ (depends on your buy in)
Take Profit 1: 11000$
Take Profit 2: 11640$
Good luck!
GBPJPY H4It looks that GBPJPY trying to move up. After a bad week, GBP should try to fix their currency. Looking opportunity to put long position.
GOLD Support and Resistance Trade next weekHere we can see my view on gold for the next week.
I'm seeing some support and resistance lines that are made clear with the extra charts of the daily and weekly.
Not going to enter this trade right now because I think the support will be tested first.
But if things look very bullish I will give the signal that I'm entering.
After entry on support we will pass a resistance as shown on the left 240min chart, my expectation is that this will give some resistance and some consolidation before breaking this one.
Don't think this resistance will be stronger then the support thats active since may.
If the major resistance I think will hold for now breaks we can get a very big move towards an weekly resistance.
This will be a post on itself
Thanks for reading and feedback or your view is always welcome.
Wesley.
