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$BNTX Ascending Triangle breakout in next 3 days?BNTX has formed an Ascending Triangle indicating breakout in next three days for run to earnings. I've taken some good profits on this since the last earnings, got in at 102, so may be a bit biased. On the other side - this has been a LONG bull run and is clearly overbought already. The ascending triangle would seem to indicate it's got some more bullish energy left though. China is on the verge of approving it in the news... Also in the news watch out if the White House issues an intellectual property waiver on vaccines . This most certainly could have a dramatic effect on the price action.
NASDAQ:BNTXLong
by Thundershadow
LRC, Secure the StationLRC, 4h: The power in the trade idea here is the 4h timeframe working from inside out, to signal longer term bullish continuation. MACD Hidden bullish divergence issues the continuation signal. Entry accumulation here between the 0.382 and 0.50 Fib. Moving averages have gold crossed this week: the 14 SMA (purple) over the 56 SMA (green) at 4:1 ratio. LRC will use the 56 SMA as support all the way up to Fib extension targets overhead. Easy risk management with stop loss just below the 0.236, defining the bottom of this local range. I think this will turn into a 3 rising valleys, which is why position starts here. This is trading 101.
GEMINI:LRCUSDLong
by WhoLetTheBullsOut-
Target hit on $/JPY for 8.6R, now playing the last leg downAfter the strong up trend the momentum slowed down and made bearish divergence. However i only enter divergence if it is double top/bottom after a strong trend. First opportunity to enter was on a classic swing swing around the 50 MA after momentum slowdown. I then added 2 more positions on swing trades after reversals. All positions exited at 107.7 for total 8.6R. Now playing the potential last leg down to at least test the last low, entry 108.65-60, stop 109.12, target 107.70 for 2R trade. After that we might see trend reversal and play it to the up side if momentum reverses or we get opposite swing trade
Short
by mzxcvbn12nozxcvbn12
AAL: Invisible BreakoutAAL made quite the move during the nights of April 23rd and April 26th, and that move was a gap up above the downtrend, with an open at $21.46 and a close at $22.00. This invisible move is very bullish, as AAL was in a downtrend for about a month and now the gap up has broken the trend. We failed to break $22, and are now ranging between $21.64 - $21.06. However, before we get too excited for a continuation, I presume the gap will be filled ($21.21-$21.46), as we gapped through a pretty major price level, as previously mentioned. Statistically speaking, gaps have about a 91% chance of being filled according to bioequity.org. Once this level has been cleared, I anticipate a continuation of the breakout by breaking out of the established range and continuing to the upside, as bullish sentiment for AAL will continue to be fueled due to reopening optimism.
NASDAQ:AALLong
by ZaviStocks
Target hit on $/JPY for 8.6R, now playing the last leg downAfter a strong up move momentum slowed down with bearish divergence. However I dont enter bearish divergence unless its double top/bottom. First opportunity to short was a classic swing around 50 MA. Added two more positions on swings pullback. All out at 1107.70 for total of 8.6R profit. Now playing the last potential leg down to at least retest the previous low. Entry 108.65-60 SL a09.12 target 107.70 for around 2R trade. after that we most probably will get trend reversal either in the form of double bottom or up swing where we can play the upside
Short
by mzxcvbn12nozxcvbn12
Gold Long - Six Month trendline breakLonger term perspective XAUUSD (GOLD). XAUUSD has broken well established trendline which has been acting as an upper bound for its trading range since Highs in August. Fundementally Gold should be transitioning to a more Bullish case as fed having been implementing quantitive easing (Printing Money) measures to stimulate the US economy over the past year. The effects of this i.e inflation of the prices of consumer good are starting to take effect now continue to do so in the coming months. Investors often turn to other assets such as Gold to protect their assets against the devaluing of the dollar. Technically, a good long term Long position would be once a clear breakout has been made by the market on the trendline above and a clear retest of the trendline and continitation of an uptrend is established, we would ride the trend up. ( With apropriatly managed risk). In the graph above we see a previous breakout of this trendline highlighted in red, but as said above we don't trade the breakout, nor at the return to the trendline but a clear continuation of the breakout which did not happen there. No one can predict the market but using strict rules and strategies we can increase our probability of wins. 🥇 - Adrian
OANDA:XAUUSDLong
by GoldSignalsIO
2
AUDCAD 0.97392 + 0.23 % LONG IDEA * PRICE ACTION & CHART PTTNS HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE AUD / CAD PAIR . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
GBPJPY 151.396 + 0.13 %V LONG IDEA * CONTINUATION PTTNS * PR. ACHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE POUND / YEN . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
EURGBP Potential Bearish BreakoutLooking at the $EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure. The 2 ways to handle this situation would be to 1) Position yourself ahead of the breakout & 2) Wait for the confirmed breakout & look to get involved after a period of relief (pullback) Targets are set at a higher timeframe level of structure (looking left) along with the confluence of an AB=CD pattern & a 161.8 Fibonacci extension level. Akil
Short
by Akil_Stokes
3
ADA could be moving higher ADA has been consolidating since the beginning of march after hitting heavy resistance at 1.50USD, and has begin to start trading in a ascending triangle formation. This is a wide formation that could conclude as late as june, however that is unlikely because crypto markets hardly stay still for long. We could see 1 or 2 more retests of the highs at 1.50USD before volatility resumes. The upside target for this pattern is 1.96USD. It should also be noticed there is strong resistance at 1.30USD and strong support at 1.18USD.
KRAKEN:ADAUSDLong
by zac_destroys_all
2
The only ADA chart that matters.Lots of people have been frustrated with ADA's inability to break heavy resistance at 1.50. Lots people are learning the hard way that markets ebb as much as they flow. However the big picture here is still very much bullish. The big picture for ADA even looks bullish VS. BTC. A symmetrical triangle pattern has been developing over these last couple of weeks on the ADABTC chart. The upside target is 0.00003400BTC. To confirm this as a bullish trend I expect a bounce at 0.00001740BTC. If we break below this level is will spell trouble for ADA VS. BTC imo. To confirm this as a triangle pattern ADA will then have to break the resistance trendline, closing candles on the 4 hourly and especially daily charts only then will I be confident in this move when considering the time frame it took to develop.
Long
by zac_destroys_all