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GBPNZD : SHORT POTENTAIL Setting UP !!We see the GBPNZD & EURNZD having a near SIMILAR formation currently! We Favors a POTENTIAL SHORT Position soon, as Price Action is currentlt taking place ! SHORT GBPNZD WEEKLY CHART : In a Upwards Channel. Previous week Price BAR - BULLISH Bear Bar ! DAILY CHART : Smaller CHANNEL Within (WEEKLY CHANNEL) shows price Break Down @ Channel Lower Lines.(Channel Break) Also A Lower Low is notice. (Signalling Potential Downwards Move) A: SUMMARY – We see a Potential Push of Lower Low, and Lower High formation. Therrfore a SHORT Position! POTENTAL 300- 400PIPS Move downward !! B: This Coming WEEK Analysis: >H4/H1 Entry , look for Candle formation OR a pull Back , which is in process now !! CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT It is suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
FDC - Downward channel breakout Long from $18.43 to $20.76 FDC was mentioned in our last trading room discussion on May 3rd. Earnings are already reported & it jumped up with the earnings and broke above its downward channel formation. We discussed it will be a possible long if it breaks above $18.43 & it did break that on Friday & looking great so far. We think it will continue upward. * Trade Criteria * Date First Found- May 3, 2018 Pattern/Why-Downward channel breakout long Entry Criteria- $18.43 Exit Criteria- 1st Target $20.76, 2nd Target- Momentum Stop Loss Criteria- $17.43 Indicator Notes- Strong Twiggs money flow index Please check back for Trade updates. (Note: Trade update is little delayed here.)
FLong
by AcornWealthCorp
NEO - Possible Breakdown to $80 before rallyHow's it going fellow crypto heads! Today were going to take a rather quick look at NEO and a few of the technical aspects along with a quick snipit on the fundamentals on why I've remained bullish on the project for quite some time. Technicals Semi long term trend established april 6th, return to trend likely by May 5th Whether we break through the bottom of the current minor channel towards the ATH 23.6% retrace or not will be important to judging its path Convergence galore around may 5th (long term trend, cycle end, 38% ATH retrace) Break down to the lower support seems likely based on current path and the prior retrace that broke down out of the channel MACD, RSI, STOCHASTIC, and STOCHASTIC RSI totally bottomed Fundamentals I'm not going to bore the non crypto folks with the story of NEO and all that, but i must mention the smart contracts. Essentially the driving thing to me that keeps me so bullish on NEO is its presentation of an alternative and possibly more effective smart contract ecosystem than the current ethereum network allows for. For those unaware, as the smart contract system grows ETH faces continuous scaling issues, many of which NEO attempts to address. My take on the next week Likely break down to the $82-$80 range, at which point we'll hopefully see a bounce and consolidation to the $86-$88 range before rallying back into the prior trend channels. And for the cro-magnon when moon lambo-ers: just HODL, NEO is a solid project lol -------------------------------------------------------------------------- DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Austin Doyle CTO
BITFINEX:NEOUSDLong
by UnknownUnicorn1613901
(ETH/USD) Potential Intraday Short - CHANNEL & GANN basicsHappy Monday Fellow Traders! ***excuse the balloon overlaps, TV loves to rescale my charts **The strategy results should be ignored, I built the MASIC-N indicator ages ago and use it as a baseline, not to trade on!!! Today I had a friend approach me about her selling her ETH at $515 and feeling frustrated that she was missing the rally. This left me feeling inspired, so in today's chart dive we'll be covering four things The basics of my channel trade method The basics of trading Gann fan angles The basics of Fib levels A potential intraday short utilizing fib ratios & Gann angles 1. CHANNELS ***Note that theres many ways to trade channels, this is my method; everyone changes things to work for them, this is good! Adapt what you learn and make it work for you! Major channel range is Major peak to Major low Minor channel range is Minor peak to Minor Low Break out range is simply: Major channel-Minor channel for Long Entry Minor channel-Major channel for Short Entry The breakout level is taken from the breakout range added or subtracted from the major channel for long/short respectively Entry is initiated at the close of the second candle outside of this breakout level Stop Losses are placed at major channel peak or low for long/short Move stop to break even after price move equal to 50% of breakout range 2. GANN FANS (these rules are absolutely imperative!!!) ***These are constantly misused on TradingView, lets set the record straight! **I've only listed the 1/2, 1/1, and 2/1 angles to simplify things as these are all thats needed for a baseline "loose" Gann fantrade price/bar scale MUST BE 1/1!!!!! (seriously, if its not 1/1 then you're just drawing lines, not doing a gann analysis) Pick a Major high or Major Low Use the trend angle tool to draw 45 deg. angle in direction of trend. Overlay gan fan with 1/1 line locked to 45 deg. angle Watch for 1/1 crossover against trend direction Buy/Sell after close of second candle breaking out from 2/1 line 3. FIBONACCI Retraces. I see people argue about the efficacy of fib levels all the time, stating the ever present "draw enough lines and something will correlate" argument. So I'll make this one easy: These are simply guides NOT guarantees! lol 4. THE TRADE!!!! WHY: Unsuccesful breakout of 1.618 fib line Possibly about to close the first bar below Gann fan RSI below 50 & falling MACD Bearish Divergence BTC (used as crypto index) testing 48 EMA Stochastic RSI below 50% SETUP: Enter Short after second bar closes below Gann 2/1 Target 1 @ 1.414 fib level ($623.60) Move S/L to $625 at breakout below Will update depending on trend continuation ***I really will do my best to update this as i trade ETH daily and will be paying attention to the price moves. Happy trading folks! -------------------------------------------------------------------------- DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Austin Doyle CTO
KRAKEN:ETHUSDShort
by UnknownUnicorn1613901
1
USDJPY CHANNEL BREAKOUT. TENTATIVE LONG POSITION As I mentioned yesterday, I am keeping a close eye on growing signs of YEN weakness. As stated in that published idea , a break below the current uptrending channel is just one sign of possible trend change. Since this has been a strongly trending market, a trend change will likely look more like a range, the duration of which is still to be determined. I placed LONG orders on the AUDJPY as well as the USDJPY yesterday and currently +65 pips on each. As for the USDJPY, the trend is still down and this NOT a contrarian trade, meaning that most retail traders are LONG on net, which is often indicative of trend continuation rather than reversal. My LONG trade, therefore, has a rathrr conservative target set @ 1.635. Moving into next week, if the YEN continues to decline against the Dollar than I will adjust my target to a 2:1 ratio and possibly add in one or two more lots.
Long
by jrashaadtrades
BTC Bulls Breaking Out of the Downtrend ChannelBTC has successfully broken out of the downtrend channel by breaching (and closing above) the major downtrend line. When these breakouts happen, usually the price retests the newly broken resistance to try it as a support. - Either it doesn't hold, then it turns into a fakeout and price goes back to revisit the lows, or... The new support holds, then it creates a nice structure to build upon when going for the new highs (in our situation it looks like we've got this scenario, which is a very good sign) First target: 11790 (previous local top) 11790 is also a starting point for a stronger resistance zone (11790-12376), and it's likely that a retrace might happen from somewhere within that resistance zone. Once (and if) that resistance zone gets cleared, and BTC manages to go through it, we can look up to higher targets.
Long
by eyupium
4