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GBPCHF SS Potential Type 2 Short TradeThis is half Trade Analysis and Half Educational : Interesting Action on the GBP pairs today. GBP has been strong for 4 days now, which we have to respect. However all the pairs are showing signs of topping out. Unfortunately, they have not set-up potential Homerun trades (where we can trade the top). Currently, all the pairs, except GBPCHF and GBPUSD, are above their Daily Kejun Sen. All of the pairs are above their 60 min KS and clouds, and all are below their 15 min KS, but above their clouds. Because of the topping price action, I won't take a long but have to respect that price can go up. The best short, imho, is GBPCHF, which is below it's Daily KS, and has a flat cloud on the 60. If it closes below the 60 KS at 1.88771, it could potentially resume it's downtrend. That said, here are the trade parameters: Entry = CLOSE below 1.1875 Stop = ?? Risk = 25 pips 1st Profit target = 1.17480 Reward = 127 RRR = 5-1
Short
by AGold54
4
AUDJPY amazing support!!AUDJPY bouncing off a pretty strong support zone for upward trend continuation. Its bouncing off the uptrend, retesting broken resistance which is now support, and if you look left the horizontal line has been touched many times including on the weekly chart. Looking for targets at around 73 for first and 74 for second before falling again. If price doesn't hold and falls below the green box then I expect price to continue downward toward the support zone around 71 and even break lower since the pair is downtrending.
Long
by 8miles
NFLX Sideways movementNFLX may move sideways and slightly higher as NFLX had a drop in subs. It dropped $45 after earnings which shook out quite a few investors. The damage has been done and it may linger sideways like previous historic drops. This all depends on how the SPY will move on the current earnings if earnings are rather flat this season I think this will come to pass however if it so happens that everything works out then it may destroy my spread. Credit was 1.23 / Max loss is 3.77 EXP September 20th. Call Bear Spread. 345/350 Target profit will be $80 and max loss is $160.
NASDAQ:NFLXShort
by Synaptic724
DPZ Downtrend ContinuationDPZ had an over-reaction in its sell off due to skiddish market behavior which is shown in the prices of precious metals rising, as safe havens instruments continue to rise its possible that this could prevail for the remaining of the earnings season. We'll see when market leaders have their earnings. 9.45 Debit spread. 30 point wide possible max profit is $2055. I want to take a gain of at least half the debit and same for the loss. This is a medium risk high reward play. Although its more likely that it will rise and close the gap as this trend looks very different from netflix which had a similar reaction. I will exit the trade if it rises back to 270 and take a loss.
DShort
by Synaptic724
EURUSD - shoulders, knees, and toesAs we close with a bounce off the ascending support zone we see a head and shoulders pattern. Couple this with the rejection off of the top of our bear channel and the looming threat of an interest rate cut, it seems short opportunities will continue to present itself. We have room to run until the bottom of the channel with questionable consolidation around 1.11230 area. Entry would be at the break below 1.1200 area with a SL right above our EMA lines around 1.1260 area.
Short
by salty_sailor
1
USDCHF SELLThere was massive amount of selling last week Thursday 18/07/2019, this is witnessed by the significant amount of volume that came in on the day followed by a massive push to the downside. Price has now retraced 50% of that move and put in a pinbar candle formation which is also a "no demand" VSA candle because there is no volume on the upbar indicating that there are no buyers, the no demand is confirmed by a massive bearish Engulfing candle, therefore we can expect price to turn around from this point and continue to sell off. There is also additional confluence with the 200 EMA acting as a dynamic resistance level , then a third touch of the downwards trendline all meeting at the 50% fib retracement. Stops is placed right above the pinbar, sell entry right after the bearish engulfing and first take profit at 1:1 with second TP at 2:1 should price break past the previous low.
by lonelytrader
2
Bitcoin Daily - Busy chart but lots of infoI'll get right to it. What's next? We are all looking for "The Turn" right? Well here is what I am looking at so far. We have a clearly defined channel from the bottom with an accurate center line (white). The price has been playing off the top, middle, and bottom of this channel. We also have, what I believe, is the completing of a minor Wave 5 (orange) of a larger Wave 5 (dark blue). After every Wave 5 there is a mandatory ABC retrace of some sort. This is what we may be building now. On the daily chart this could take awhile. As pure speculation I added a large triangle (baby blue) because BTC seems to LOVE its traiangles. In the background you can still see parts of the Major Fib-Channel (black slanted dotted line and baby blue dotted line) You can also see some key Fib levels circled in green. The large Fibs are from the bottom to the top of the move and the smaller Fibs are from the Top of the move down to the Wave 4 touch of the pink channel and Major Fib Channel (baby blue dotted). Conclusions / speculations: You can see the price has pierced the .50 Fib and has pulled above it again. It could go higher to put in the top of Wave B of the retrace over the next couple of days. It could also continue to fall to the 61.8 Fib around 9974 to mark the bottom of A before reversing to make B. You can see it could also hit the larger 38.2 Fib (Blue) around 9532 or the lesser 78.6 Fib (black) around 8915. I think going all the way to the bottom of the channel at this point is less likely. more likely is to make a turn now around the black .50 Fib 10717 or continue and stop at the 61.8 yellow 9974 and then turn for B. Then the top of wave B might bounce off the middle channel line (white) and can continue down to touch the bottom of the channel to complete wave C. All this action of course will start to form some sort of recognizable pattern. I'm going with an ascending triangle for now. The touch points will become more clear later. The price has already dropped over 25% from the top (point A) and should be over 30% if the price continues down and over to touch the bottom of the channel (pink) If this plays out somewhat as described above I'll be taking off my shoe to remove the last few hidden dollars I have and sinking them in to BTC. I'm going to check the couch and dryer for lose change too and see if my kid will spot me a loan from his allowance. :) Or, this could all be total crap and not do anything close to what I am envisioning. lol Good Luck!
COINBASE:BTCUSDLong
by BitcoinBearSlayer