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Breakouts

USD/JPY TREND LINE(LOOKING FOR A BREAKOUT OF 106.800)As we can see on the 4H time frame we have had previous Higher highs and Higher lows. We are now waiting for a break above our Daily Resistance level at 106.800 and also a strong previous Supply zone at 106.650. We will be aware that price could in fact reject the Supply zone and break below trend towards 107.350 which we would look to enter upon a break of previous lows. Just my analysis :) Trade with your own techniques. Instagram -@RhysFX_
Long
by RhysFX
4
EUR/USD ANALYSIS / BUY? SELL?As we can see on the 4H time frame we are currently consolidating between 1.11075 and 1.10650 so I will be waiting for a clean break and retest of one of these prices for a precision perfect entry. Above 1.11075 we will look for TP levels at 1.11450 (38 pips) with a possibility of breaking our supply zone to 1.11650 (58 pips). Below 1.10650 we will look for TP levels at 1.10350 (30 pips). I will be using 1:2 R:R for this trade once a level is broke. As always trade using your own techniques. Drop a like and follow :) Instagram - @RhysFX_
by RhysFX
1
RADA on Radar within #Defense & AeroRADA looks to be forming cup and handle pattern on daily chart. Looks to have already completed 1st and second wave in uptrend (2 of 5), which also filled a previous gap. This stock seems to be flying under the radar ; ) Please Like and Follow so I can continue finding trade setups. Thank you in advance =) Check me out on Instagram or Twitter @VolatilityWatch Disclosure: I do not own RADA. I may buy/ sell within the next 72 hours. This is NOT a note to buy or sell. Please do your homework before investing.
RLong
by follow_the_money
#bitcoin - recent short on 6hGood morning, after a very clear short opportunity (extremely overbought, stochastic broke down & evening star) just below the Yearly R1 Pivot the short is either been closed at this SMA100, also called SMA-Stop and got 10% (without leverage) profit, or for those who are still in and played this game against the trend, they should already have their stop about 3.5% in profit. Always remember the importance of going into bigger timeframes to not lose the overview of things happening, this is also essential for daytraders. Break-Levels are key! Together with monthly and yearly Pivots also major leadlines, it is very possible to make good trading plans without being constantly under heavy pressure. *Always set stops. Dyor. No financial advice. If you are interested in using the NeruSuite v5 (final), please contact me in Telegram @NerubicaC or here in TradingView via DM . ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
BITMEX:BTCUSD.P
by Gl4diator
CRM with earnings on play for 06/05/2019 trading sessionHello everyone CRM releasing earnings beats expectations but disappointments regarding the guidance could lead to a fade. Price got to 157sh, 100sMA area and 154sh, 20eMA area in after-hours session. There is a beautiful bullish wedge holding nicely on 13eMA 10min that is waiting to pop. Curious to see how today's after-hours session will close. For tomorrow trading session if at the opening at least 50k volumes will be already traded and if the pattern will not change I will long: 1) above 157.33 if price will consolidate in pm above the 20eMA and will break the 100sMA at the open. Caution for the very first minutes, moment in which price still didn't really trace a clear trend. 2) In case of price consolidation above 100sMA level only after the first 15 minutes I will trade the breakout of new level of resistance. 3) In both type of scenario for me to enter the trade uprising volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2. Also if at the opening at least 50k volumes will be already traded and if the pattern will not change I will short: 1) the eventual pm main low level of support if price will fade below the 20eMA, 2) below 154.66 (20eMA) if price fill fade below 100sMA 3) below 157.33 (100sMA) if price will fail the breakout. 4) In any type of scenario for me to enter the trade uprising red volumes has to come in breaking the avg volume of the first 3 minutes. Thus RVOL (relative volume) has to be at least above 2. Have a good trading session!
NYSE:CRM
by Intuitrading
When a technical approach could be worth the try! Hi guys, It is clear that I only trade stocks that are covered by certain parameters and one of those is the presence of a Catalyst supporting the move. But for studying purposes I am back-testing stocks that are at important technical levels to interest quite some institutional traders. TSLA in pm made a nice pop testing the 182 area and that could mean that buyers finally stepped in. TSLA is the most sold stock of last weeks thus a consolidation on new levels such as 182 would be a great bullish signal. In addition the stock broke beautifully the PM highs thus a small entry to test the pm high would have worth the try. The move to 187 has been solid and offered breakouts opportunities to scale in and build up our position up to first take 187. Consolidated at 187 Price kept rising offering other scale in opportunities up to 190 next level of consolidation. Even if grinding slowly higher the stock got to a fantastic 193sh! Simply amazing. A note deserves the volume profile! Simply perfect. At each pullback red volumes have never crossed up the previous main leading green ones and when that happened price respected supports and resistance.
NASDAQ:TSLA
by Intuitrading
CO2 GRO Inc. Blue Sky Breakout!Update to my previous analysis on GROW. I've been following GROW for over a year now, and sp had been stuck in the 0.10-0.30 range. With a close above 0.40 the breakout from previous trading range is evident. Highest share price since their CO2 startup took over, so we are looking at a blue sky breakout. Sustained bullish volume, with good support being built on the way up. Lot's of catalysts coming up for this company, financials end of April with $1.5 mill in cash from warrants in late fall. Aggressive expansion with many new contracts being signed, projected $10mill revenue run rate by end of 2019. Market cap only $27mill. Still an early stage start up with great potential, time ot get in is now.
TSXV:GROWLong
by Unlikely-Bite
ETHUSD - Shiff Spot, or Shweet Spot?ETHUSD Price action may be eyeing a Sweet Spot while looking through the lens of a Mid-Ranged , and Short-Ranged Shiff Pitch Fork . With so many analysts looking at the uptrend line , I decided to do a little digging to keep myself busy. What's so darn important about it? Firstly, current price action looks to be respecting the upper bounds of a Short-Ranged Shiff Fork downtrend , seen more easily on smaller time-frames. With that said, this ' Sweet Spot ', would have to see a considerable move down from its present position to strike it on the head. With such violent swings in crypto , and on display within view here, it's not out of the question. The Sweet Spot , marked here, has interesting confirmation from the Mid-Ranged Resistance Reaction High 1.0 Median Line (that's a mouth full). This resistance turned support has 2 reaction touches on the Short-Ranged move down from $165 High (COINBASE). The Median Line from the Mid-Ranged seemed to support price action handsomely enough for a rally in February, and also timed consolidation at the .618 & .75 Mid-Ranged Lines respectfully. This 'Sweet Spot' coincides with: Resistance turned Support from Mid-Ranged Downtrend Shiff Fork Channel @ the 1.0 Line (2 support reactions) Median Line from Short-Ranged Shiff Fork - Correction from $165 high. December and February Bull Rally Uptrend Line A break up in the short-term may find considerable resistance at the same 1.75 Line of the Mid-Range Downtrend Channel . A break down from here would find a considerable confluence of support at the above mentioned, and would likely result in a break above the short-ranged downtrend channel. My feeling on this matter, is that with price action pinned on the 4H time-frame below the Bollinger Band Medians of both 100 and 200 Periods with StDev 1.25, the move is likely down. But just in case, maybe this illuminates to some breakout points. Good Luck, Traders. May you find yourself on the profitable side of it! ~Harbachan
COINBASE:ETHUSD
by MrJEB
The Ultimate Nasdaq Breakout Trading Plan [10x-100x Potential]I love penny stocks and small caps for so many reasons as a full-time retail trader. I don't wanna advocate it, or get philosophical if blue chips are better or not so let's just talk money. The volatility you observe on small caps are many times far greater than cryptocurrency itself, and it's far less popular, so less manipulation and fewer robots - most of my strategies and indica tors have clearer signals trading small caps. We are talking about a stock that was traded at $1000 and now is at $3.6, that's what I call a good range. The actual price is nothing less than 163% of the 52 weeks lowest low, once again, that's what I call a good range. That said, let's get at it. This is my basic trading setup, the left part of the screen is basically my screeners , I keep track of 20 assets that I previously filter with fundamental and news research. From those 20 filtered assets, it's where TA comes in handy. Spectrum Screener tells me without with one glance what I should look at now without wasting my time analyzing chart by chart. Usually, I pick the 4 best assets and divide my daily trading capital among those 4 positions. The position sizing has a very specific rule, where there are weights based on a grade that I give to each and every trade based on how likely I think that it will be correct. This asset had over $500k in traded volume that tells me I should not trade anything above $5k/daily to be able to enter and exit fast if needed. (1% of total daily volume) Now we know how much I'm trading, I take a look at the bigger timeframe on the lowest right chart(D) - that will give me the overall idea of what is going on and what strategy I'll choose. Once I knew it was a breakout, I picked one of my strategies that I think fitted best and I'm following it. The way I do it is through a smaller timeframe chart, so that gives me more precision with my entry price. The Gray Breakout lines are not aligned at the same price because the D was unprecise and I like to use price lines with high + low / 2. I like how it gives you a better overall idea but it's not really good for final entry/exit prices, you want to use it to understand what you're dealing with and what strategy you should use - lines are great for that, also H+L/2 removes a lot of noise. That said the rest is really self-explanatory. ATM I'm up more than ~+4% and my stop-loss is set for a ~+1.5% profit, I do that to not transfer a winning trade in a loss. By raising my stop-loss I get rid of amateur losses and let me eliminate unnecessary risk. Let's say we get stopped and I'm out with +1.5% profit, there are two scenarios the asset dives down and we avoid a horrible situation or it goes back up. In case it does go back up we already have a minefield of buy-limit orders and even a small order stop-buy order on the stop-loss level just in case we miss the bottom. In this way, we eliminate all the downside and only get in when risk is minimal once again. Now the strategy is pretty simple and we use just a few simple yet robust features from Spectro M . The volume analyzer, Specter Clouds, XConfirmations Reversal Warnings and the classic Spectro Oscillator itself. How I used them is explained and compared in the chart. You can use this similar approach for other breakouts. Also, raise your stop-loss wisely. In this topic, I'll not discuss risk management so pick your favorite protect-profit strategy.
RLong
by spectertrading
Supports and Resistances : Everything You Need to KnowSupports and resistances are horizontal lines on the edges (borders) of congestion areas. The bottom line is the support: the level where buyers strength overcome sellers, and buys are strong enough to reverse the downtrend. The top line is called the resistance: level where sellers strengh overcome buyers, and sells are strong enough to reverse the uptrend. It is more preferable to create your support and resistance lines along congestion area's borders than extreme price action, since these borders illustrate the point where most traders changed their mind, whereas the extremes are only reflecting a few people panicking. Psychology Traders remember at which price they bought or sold, and this is what create supports and resistances. Support and resistance zones often switch roles: when a support is broken it will become a resistance, and vice versa. This happens because as the market makes a breakout downwards, buyers feel pain and wait for a rally to free themselves without cost, whereas sellers regret and wait for a rally to have a second chance to short. The buyer's pain and seller's regret create the new resistance. A support or resistance is going to be more significant if the preciding price action was steep rather than a slow ascending or descending trend. Volumes Low volumes around a resistance or support area indicates its fragility. Traders aren't feeling quite involved in it. However huge volumes show strength in this level. Trading Rules 1. When you are surfing a trend that is reaching its support or resistance, move your protection stop closer. The trend will reveal its health at this point: it can either go faster and your stop isn't triggered or it can bounce on the Trend line and your stop securises your profits. 2. Supports and Resistances are stronger on a bigger timeframe. Weekly charts are stronger than daily charts. This way, if on the weekly the price is flat and on the daily the price action is hitting a support or resistance then the signal is less important than if price was reaching a support or resistance on the weekly. 3. Resistance and support levels are usefull to setup stoplosses and take-profits orders. If you are buying, the lowest value in a support area can be used as a stop if you place it just underneath. Breakouts A breakout happens when the price breaks out of its trading range, but most of breakouts are fake breakouts. Be careful of fakeouts : it is more often an opportunity to position against them, with a protection stop. "Fakeouts" or "fadeouts" are when the price tries to break a support or resistance but end up returning in its trading range. How to know when a breakout is fake or not? True breakouts are confirmed by high volumes and technical indicators showing new highs or new low. Also we should be able to see the new trend on a higher timeframe. Fake breakouts tend to happen on low volumes and indicators divergences. In order to trade fadeouts, wait for price action to stop making new highs or lows. This is when prices fade. Then, place your stop on the extreme, risk is low, but chances are that price will make a pullback in its congestion zone. You liked this article? Make sure to leave like or a comment :) --------------------------------------------------------------------------------------------------- My Website - Automated Strategies with Backtest and Alert Setup blockchainfiesta.com PineScript Development, Reverse Engineering Comissions open (1 slot)
Education
by cyatophilum
3
Cardano 1h 18/12/09Greeting all. Cardano has been consolidating from the previous sell off this weekend and it might be coming to an end. The consolidation is taking form of a symmetrical triangle. Nothing fancy but they are at a pivot point so it will determine if this is a longer term rally. They broke the pattern for a few minutes right on the next hour candle so it looks like a break but was really just a sudden burst which happened on both sides so its undetermined which is stronger. Symmetrical triangles can go both ways so we have to wait for a confirmed breakout. The consolidation is quite large so we can look at a nice 3:1 risk/reward setup. Going up I'd look out at the major resistance for a possible bounce back downward if the bulls aren't strong enough. Downwards... well doesn't look like we've found the floor yet except for where the selloff ended. So keep a eye around there. I'm not a financial adviser. Trade at you're own risk.
BINANCE:ADAUSD
by Phyro
1
$NANO.OL Nordic Nanovector breaks through 2 year long downtrendWith the #ASH18 conference getting closer, Nordic Nanovector has punched through the 2 year long downtrend from the ATH in December 2016. -------------------------------------------- CEO Eduardo Bravo presented at Jefferies 2018 Global Healthcare Conference 14-15 November 2018 nanoinvestors.wordpress.com Betalutin, the lead product from Nordic Nanovector has received FDA Fast Track designation and UK Promising Innovative Medicine designation. nanoinvestors.wordpress.com nanoinvestors.wordpress.com -------------------------------------------- Market has recently been impressed by the strong performance by NOVARTIS in the field of Lutetium 177Lu based radiopharmaceuticals. nanoinvestors.wordpress.com nanoinvestors.wordpress.com nanoinvestors.wordpress.com nanoinvestors.wordpress.com
NLong
by savepiginvest