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50sma

AUDUSD Short: 5-0 Pattern, Channel Res, 50DSMA, and Weekly PivotHey Traders! It's been awhile since I've shared an idea, I've been working on automating my trading strategy! AUDUSD is approaching a critical level presenting us with an opportunity to enter a 2-3 week short with a nice R/R. The pattern that caught my eye is the bearish 5-0 which I've had success with in the past for 4H-1D charts. In addition to this, we have resistance from the weekly pivot, 50 day SMA, and a parallel channel confluent at the same level. Short entry is placed at the 5-0 "D" point with target at the 1.272 extension. I will likely move stop to B/E around the 50% move to target if triggered. Bearish Confluence: Bearish 5-0 pattern Bearish parallel channel resistance Weekly pivot resistance 50 day SMA resistance Bearish weekly channel Feels great to be back on TV, hope you enjoyed and good luck to all!
Short
by glennmercer
4
Weekly Bullish Pennant right into 50SMAHi guys, I've had these ranges plotted for a few weeks now, and it's really helping me see this pair more clearly. We're currently underneath the 50SMA and have been for some time, but with the bullish pennant forming on the weekly, we may be in for some change. I've marked out some strong areas for support, and a long test wick candle. My bias will remain neutral until I see some further confirmation, paying particular attention to how we react to the 50SMA. Happy trading.
by JakeSummers4x
GBPUSD: 3 SIMPLE CHART PATTERNS POINTING TOWARDS POSSIBLE LONG!!Hello Traders, After seeing FX:GBPUSD consolidate within a range for the past 30 days, we have gotten the emergence of 3 Simple Chart Patterns that could present us with good opportunities to LONG on this particular pair. I have color coded all 3 Chart Patterns in the chart above, just to make it visually easier for everyone. I will walk you guys through all 3 Patterns , pointing out exactly where our entries, exits, and stop loss levels are going to be at. 1st Pattern: BULLISH RECTANGLE Entry : Placing a buy order on the retest of the broken rectangle. See the "possible scenario" labelled on the chart above. Stop loss : After getting a valid retest of the broken rectangle, stop loss can be placed just couple of pips below the lows of the retest candle. This allows us to lower our potential risk on the trade. Note that the stop loss labelled in the above chart is for aggressive long entry . Which why it's better too wait for a valid retest before going long. Target : The total height of the bullish rectangle. For this setup the height is about 180 pips (see the cloned rectangle (colored purple) in the chart above). 2nd Pattern: ASCENDING TRIANGLE Entry : Placing a buy order on the retest of the broken triangle. See the "possible scenario" labelled on the chart above. Stop loss : After getting a valid retest of the broken triangle, stop loss can be placed just couple of pips below the lows of the retest candle. This allows us to lower our potential risk on the trade. Target : The total distance of the ascending triangle’s back. For this setup the distance is about 317 pips (see the yellow rectangles in the chart above). 3rd Pattern: SYMMETRICAL TRIANGLE Entry : Placing a buy order on the retest of the broken triangle. It looks like the market has already broken the symmetrical triangle and has given a good retest. But I would wait for a break and close above the 1.56470 level on the DAILY chart, before jumping into the long trade. Stop loss : After getting a valid retest of the broken triangle, stop loss can be placed just couple of pips below the low of the retest candle. This allows us to lower our potential risk on the trade. Target : The total distance of the symmetrical triangle ‘s back. For this setup the distance is about 760 Pips (see the blue rectangles in the chart above). KEY NOTE: We MUST wait for a break and close above the 1.56470 level on the DAILY chart, before trading any of the 3 Chart Patterns mentioned above. We also have a rising channel formed on the RSI as well. We are also getting good RETEST of the 50 Day Simple Moving Average (SMA). Do leave a comment below if anyone is overwhelmed by reading this much information and needs any type of clarification. I will gladly provide any help, if needed. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Long
by moneymaking
8
#GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma)#GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma) @TradeYodha (TradeYodha.com) Analysis: 1. 50 sma in the zone on 4H 2. 50 sma in zone on Daily 3. 38.2 rettracement Trade Execution: 1. 3 Orders 2. One order as limit order with 1:1 target 3. Rest 2 orders with higher targets based on confirmation in the zone News/Fundamentals May 5: 8:30am GBP Construction PMI May 5: 10:45pm NZD Employment Change q/q May 5: 10:45pm NZD Unemployment Rate I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Long
by TradeYodha
1
AAPL - stand aside until after earnings announcementI last analysed AAPL on 18th March and my conclusion was that I would wait for a break above the February pivot high before considering a new position on this stock. This has not occurred and, despite the buzz and excitement around Apples latest earnings announcement today, I will still be standing aside until I get confirmation that this high has been taken out. While I anticipate AAPL continuing to trend up I expect, at the very least, the daily 50sma to act as better support of price than it has done on this chart in the past. Yesterday's gap up is still below the recent pivot high so there is no reason to enter a buy position on this stock right now.
NASDAQ:AAPLLong
by iAnneTrader
MSCI trending higher (earnings due later this week)MSCI has been a good preforming stock over the last few months. It broke the 2010 high ($40.79) in late 2013 but retested this zone three times before beginning its latest trend up. It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was not too deep and now we see price moving higher and further away from this moving average. More recently we saw a double bottom formation on the daily chart (using $60 as support) then, two days ago, a bullish breakout bar. Both suggest further strength to the upside. However, with earnings due out on Thursday it is worth standing aside until after this event before considering a buy position.
NYSE:MSCILong
by iAnneTrader
#GBPUSD Long Idea (Harmonics, 50sma, structure)#GBPUSD Long Idea (Harmonics, 50sma, structure) @TradeYodha TradeYodha.com Further to my initial analysis the which gave us 1:1 easily that zone has become a support zone now. Analysis: 1. This zone has been resistance zone in past 2. Market is in uptrend currently 3. On higher time frame (Daily) 50 sma is the zone which will act as support 4. Price is currently over stretched away from 10sma and is oversold so a retracement is expected. 5. 50sma is xlose to the zone Trade Execution: 1. Have 2 orders 2. First order will have approx 1:1 R/R ratio. This will be limit order 3. The second order will have target higher at the completion of ABCD pattern giving us approx 1:2 R/R News/Fundamentals: 27 April: 10:00am GBP CBI Industrial Order Expectations 28 April: 8:30am GBP Prelim GDP q/q 28 April: 2:00pm USD CB Consumer Confidence I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Long
by TradeYodha
6
#NZDJPY Long Opportunity#NZDJPY Long Opportunity @TradeYodha TradeYodha.com Analysis: 1. Market is in uptrend and in a channel 2. 50 sma on higher time frame (Daily) in the zone. That will provide support 3. The price is not yet oversold, it still has little more to go down 4. Zone has 90.00 level Trade Execution: 1. Have 2 orders 2. First order as a limit order 3. Second order is waiting for a confirmation around 90.00 4. Target for first order is as always 1:1 R/R ratio 5. Target 2 will be higher News/Fundamentals: 27 April: JPY Retail Sales y/y 28 April: 10:45pm NZD Trade Balance 29 April: All Day JPY Bank Holiday 29 April 1:00am NZD ANZ Business Confidence I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Long
by TradeYodha
1
#USDJPY Short Idea (Structure, Fibonacci, Head and Shoulders)#USDJPY Short Idea (Structure, Fibonacci) @TradeYodha TradeYodha.com 1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming? 2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma 3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced patterns 4. The price is close to 70 RSI at the moment so there are chances for it to go over bought by the time it reaches the zone. News/Fundamentals Expected: 21 April: 11:50pm JPY Trade Balance 23 April: 12:30pm USD Unemployment Claims I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Short
by TradeYodha
2
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics) 1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level) 2. on 4H: a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8 b. The next level of 78.6 has high fibonacci confluence 3. This zone had high supply in past too 4. Target 1:1 News/Fundamentals: 1. German ZEW economic sentiment expected 10:00 am London Time
Short
by TradeYodha
2
#NZDJPY 1H Long Opportunity (Cypher, 20sma)#NZDJPY 1H short Opportunity (Cypher) 1. 4H has potential Gartley and Cypher patterns 2. The price is leading reaching 50sma on 4H which can act as support. The zone there has minor structure too and 200sma is reaching there fast 3. This can push the price little upwards to give us a small term but good Long opportunity 4. 1H shows a Cypher forming in the same zone giving us a better confirmation. 5. 200sma is close to that zone where Cypher is completing in 1H zone
Long
by TradeYodha
1
#NZDUSD Multiple Opportunities 4H/1H (Gartley, Structure)#NZDUSD Multiple Opportunities (Gartley, Structure) @TradeYodha (TradeYodha.com) 1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it. This gives us 2 opportinities for Long. First at point B and second at D 2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R 3. 1H is in downtrend and on 1H chart 50 sma is lagging behind which can attract the price to it creating a short opportunity. Take 1:1 R/R with extended targets into lower zone where we will take our long opportunity I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
by TradeYodha
2