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Anty buy set-up if breaks yesterday high... With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line, possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips... stoploss below recent low -65 pips. This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers. OIL looks to be topping at new highs and forming a lower high threatens a correction....this would be negative for CAD. Lots of IF's here, so only entering if market strengthens, otherwise kill order tomorrow if sustains downtrend and look for a new 20 day low that reverses sharply ( Turtle soup)....
Long
by Aussie-scalper
80-20 strategy from Street Smarts ; Short NZDUSD This is a strategy from the book, 'Streetsmarts' developed by Taylor and adopted by Larry Connors For sell signals on NZDUSD: 1. Y'days high is signal for short when market opened in bottom 20% daily range and closed in upper 20% range ( Fri) 2. Today the market must trade at least 5-15 pips higher than yesterday's high 3. An entry sell stop is placed at 2 ticks below yesterdays high, with stop above todays high for a lo risk trade ( but low probability = respecting trader's equation that low probability corresponds with low risk trades) 4. trail stop loss as moves into profit, This is a day trade only....
Short
by Aussie-scalper
Counter-Trend Trade on Small Time Frames Anticipating small bounces in all markets during the first part of this week as some traders are hoping this was only a correction and others are taking profits from shorting last week's dump; however, I'm convinced we are looking at the beginning on the next recession so I have multiple shorts opened accross multiple markets and looking for counter-trend trades on smaller time frames like this one on XBTM20. The hourly close at 0800 above the minor trend line gives opportunity for a scalp up to $9375. If I get a TP hit at this level I will close and start looking for shorting opportunity for the impending blood bath.
XLong
by kyeats813
Buy Oil Below 50, Target: 55Waiting for long stops around 49-49.5 to get hit, with initial TP at 38.2 fib near 55 psychological level, and 2nd TP at 61.8 fib. Most likely it will go go ranging here in 50 psychological level for some quite time before rallying soon after being oversold especially with the risk of corona virus spreading being more controlled now compared to 2 months ago. editorial.fxstreet.com Need to be cautious still though because markets are generally still risk-off now which is fundamentally bearish for oil and a continued slide down to 42 is highly probable. Daily: Weekly:
OANDA:WTICOUSDLong
by aiza_belle
EUUSD Long - Butterfly Pattern; Wave Count; 4H ChannelHello fellas! So, here's what EURUSD has been doing: - It completed the butterfly pattern at 78.6 X-A; - It completed the ABCDE wave count on 4H channel; and - It's showing a reversal sign after showing the lower trend line of the 4H channel. All at the same price area! Still, it's much safer to trade with the trend, and this is a counter trend analysis! So it has a fair chance to fail. But hey... look at that sexy confluence ! I'd consider a long position IF the price breaks and closes above 1.09950 (with strong close, of course).
Long
by sentientfaxmachine
USDCAD False Breakout? STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry Trigger: 1H: Bearish Engulfing Entry Price (EP): 1.32216 Stop Loss (SL): 1.32426 Take Profit (TP): 1.31234 RRR: 4.68 Analysis: 1H: Price boke above minor resistance but immediately followed by bearish engulfing. Found support at descending trendline, however, price seems struggling reaching new high (pin bar was also formed rejecting higher price). These could be a sign of False Breakout. NOTE: This post is for my reference/journal purposes only. Trade at your own risk.
Short
by jumpstartscript
USDMXN Bounce-PlayTwo possible scenarios: 1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or 2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as expected Either way, this pair is pretty much overbought and due for a strong pullback, especially if we look at its weekly price action, recent bullish candles aren't as big as those back between April-June 2018 and October-November 2018. Weekly: Confidence: B (possible for this pair to reach new highs esp if market gets more risk-off overall while at the same time continue pushing DXY to climb to 100 faster-- after already pricing in the 2nd rate cut by Fed this coming September)
Short
by aiza_belle
GBP/AUD - Highly risky trade!It's been around 7 months in order to the price to reach 1.87000 First of all, we have to consider that the long term trend (weekly) is strongly going in an upward direction but perhaps this double top may be a perfect situation/opportunity for the price to "take a breathe"/go down a little after this massive rally so we can expect a likely pullback right now. If u zoom in, will see price decreased it's volume as it reached the top and the last candle looks like a perfect hanging man that might be telling us that the trend could reverse soon (we should expect the last upward impulses before the drop but not to far away from the 1.8700). Also check RSI is looking favorable Keep in mind that counter trend trades are very risky and pounds have been very strong these days so that's why I suggest going with a small lot size on this one I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market
Short
by alejotrader92
4
Long to 200 EMA Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent. Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test). Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected. With that in mind target 200 EMA. If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long. Best of luck. Info is in the charts.
COINBASE:BTCUSDLong
by NYBKLYN
NZD/CHF - Big trade oportunityIf we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to consolidate above 0.6900. In fact, in 10 pips are not enough room to consolidate over there so there is a chance for a higher retest That's why I am considering a large SL. Finally, we are going to place our TP at the 0.382 which matches our weekly support. I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market
Short
by alejotrader92
SPY Ending wave v of (3) Bearish Reaction: Relief Rally (4) TBDMerry Christmas Traders! We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin. Chart describes constituent components of Primary Wave One, including a i-ii-iii-iv-v minor negative impulse wave terminating in an A-B-C flat correction, and the subsequent steep decline to the "Christmas Crash" on 24 Dec, consisting of (so far) a wave 1-2-3- incomplete impulse. It seems likely that minor wave v of Intermediate (3) has terminated at Monday 24 Dec prices, given Fib extension of wave iii in price and time after four down days; however, a real possibility of a v wave Extension Path exists, shown as Alternate Path in chart. Given weak price action, panic-level selling could drive price to 226.5 before a 4th wave bounce. Intermediate Wave (5) target is 219.5, possible extension shown could drive prices as low as 211.5 or less. NB: Minor wave iii dropped ETF 10 pips, minor v has taken 7 more. Third waves are never the shortest waves. Selling waves typically last 3-5 days. Should get a turn on either 26 or 27 Dec for a likely 0.382 Fib retracement. A higher lift is possible but unlikely, given EW alternating wave theory, we already had a strong lift in 2nd reaction wave with a 0.50 Fibo retrace (noted on chart), ergo, expect this 4th wave will be relatively weak. A more robust Retracement Bear Rally of the entire December impulse would be expected after the completion of the (5) Intermediate Wave in December's bearish impulse, target shown in blue box as a rough possible estimate of ~ 254 - 265. Following that countertrend Secondary Rally, expect a powerful and severe Secondary Bearish Reaction with another 5-wave Impulse down to price levels reaching back to 2016, or even lower, should Panic and Despair prevail. Longer-term, I expect only more Bearishness. In 2008, NAS lost 80%, Dow lost 45% and SPX went off over half. This one will be worse. After 86 years since the Crash ended in August 1932, prices reached astronomical new highs in September 2018. There is a distinct possibility that this represents the culmination of a Grand Elliott Wave Supercycle, postulating Grand Wave V completed on 3 Sep 2018; if so, the Great Bear may finally be coming out of hibernation. Of course, this is speculative theory and remains unproved, nonetheless, it is a fascinating concept: en.wikipedia.org As always, these posts are purely informative ideas, and do not constitute investment advice. GLTA!
AMEX:SPYShort
by DaddySawbucks
19