EDG (Edgeless) - Launching soonSo EDG is an interesting token working off of the Ethereum network which offers an edgeless online casino. They claim that they are waiting to launch properly due to them finalizing their Vegas casino license, which could come as soon as the next 1-2 months. If they manage to get that, they say that they will be able to work with fiat currencies which would be a major advantage to crypto only. Gambling is a monstrous business, as we all know, and if they can crack a small fraction of it, they will be doing quite well. Check their site for how they claim to provide a more 'fair' gambling environment: edgeless.io I'm impressed by the fact that they suffered a massive loss in funds not long ago, due to parity wallet hack, and have still managed to progress without any major disruptions. From what I recall, their launch was always supposed to be Q3 / Q4 this year and they are still on track to meet deadline.
This chart is a slightly longer term view (1-2 months), expecting big moves once news hits and they are live. From a technical perspective, I'm trying out some new tools here to see if I can project targets. Trend line from the tops to project future resistance areas once new ATH is made. Fib trend extension on the entire move up and down. and then guessing on where some bounce backs might occur based off of current resistance areas and the fib extension. The target I've chosen is more or less where the fib extension of 1.618 is. If anyone has suggestions on how to better project potential tops, please let me know.
Price is low now, so with the potential upside, I have picked up a nice stack.
EDGE
*** AUDJPY Short Limit Order = 1:9 Risk Reward ***Structure breakouts indicate an imbalance and as traders we need to understand the equilibrium of the supply and demand of currencies.
Breakouts are high probability and are a great way to profit if managed with an edge.
SHORT BIAS = FX_IDC:AUDJPY
"Successful Trading Is 20% Skill and 80% Mindset"
Rodz
EUR/AUD short bounce of 20 EMA Greetings traders!
Put a short order on this pair as it could bounce of the 20 EMA and trendline. Doji candlestick and MACD divergence confirm high probability of the downtrend continuing its run toward the 1.4000 support area.
Hope you liked this idea, thanks for the support and good luck!
FCX - Different perspectiveAs you can see , we need more price action to show us more clean direction.
USDCAD 9 straight up daysI have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
NZDUSD: The Great OpportunityI see a great opportunity to go short on FX:NZDUSD . We have a very nice triangle pattern with very interesting key confluences:
1. Price has tested the triangle resistance once more
2. Fibs 78.6-88.6 (little one)
3. Fibs 61.8 (big one)
4. Nice shooting star candle.
Our targets are:
1. Next triangle support level
2. Nearest structure support 0.6290
3. Fibs extension 1.272, which will be the completion of potential gartley pattern, and there we will have an opportunity to go long
Keep an eye on this pair!
Avto_T
Green Luck
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EUR/CAD In the edge of a decisionDays ago, it attempted to go down into the trend line but it failed to pass through a support line and created to what it looks like a double bottom.
After that, it broke the trend line, but it returned back to the trend making it a false alarm.
Right now, it is in a place where it can break down or up. If it goes down, it will try to test the double bottom to see if it goes further down. If it goes up, it will at least try to test the nearest resistance.
