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NZDUSD Expanding structure for reversal opportunities Hello traders: Welcome to 2021 :) Hope all is well, and are ready to make it count in this year. I will start off with some USD pairs that could shape into good R:R trades if we have the confirmation on the lower time frames. Here in NZDUSD, finally see a potential structure completion at the top of the overall price action. We have this expanding structure formed, and price reacted to the top, and a quick LTF pushed down. I would either wait for a small LTF correction to form and complete, or one last push back to the tops to form a mini double tops, "M" style reversal structure for the drop. Thank you
Short
by jojofang0901
3
Akorn Inc. LongThe price of akorn inc. recently dived due to the news of possible bankrupcy, in addition to a Head and Shoulders pattern. Price has most likely reached its low and will likely impulse in a new continuation, confirming the Bull Flag. Price has also hit the bottom of a high time frame expanding structure and will likely go a lot higher. Many sites and analysts indicate that the stock is underpriced, good short/medium term hold, but is something of a risky trade. First target will be around 25%.
ALong
by spotlars
BTC - PrincipiumOn the 26th of July, BTC will find itself at crossroads and be left with the very difficult decision to make, namely, Up? or Down? For now, BTC hangs tight between two inclining support/resistance as indicated in the chart. It also finds itself inside an expanding wedge pushing it further down towards the support trendlines indicated by thick green and red lines. As we approach the 26th, the following could play out, and the chart should help you not to get stuck in the wrong direction. BTC could stay between the inclining trendlines in red and blue until the 26th with volume decreasing to its bare minimum. In this case, on the 26th, BTC could drop dead into the cloud, violating it in a very bad way. If that happens, more pain will follow. The expanding wedge could push BTC towards the first thick green support starting tomorrow. In this case, BTC should not violate the support and take off on the 26th, namely on the journey to ATH. If BTC violates the thick green support trendline in the coming days and goes towards the thick red trendline, the chances of it holding up are quite slim. If there is a strong pullback with increasing volume on the 24th or 25th of July , without violating into the cloud, chances are it might continue up. That would be the completion of the Bullish Gartley. Very Important is that the cloud should not be violated, no matter what. If it is violated and BTC still goes up, that will be your bull trap scenario. To play with the minds of the traders, there will be wicks in both directions, tricking them to follow in the opposite direction. Be clever and utilize this. If you are trading, make sure you take the help of my chart, and also analyze on your own before you make an entry into market. For me personally the range between 9200 and 11500 is a no trade zone, if you understand the risks of it! There are enough trades for everyone, so don't FOMO! Peace!
BITFINEX:BTCUSD
by TulpenFieber
2
GBPAUD - UPSIDE, UPSIDE, UPSIDE!Although this post is intended for the shorter term, even if we look at the bigger picture (Weekly TF) I can spot an Expanded Diagonal correction and we would now be at the final 5th leg of the sequence going up towards the upper level of the Diagonal. I will be posting the weekly chart for reference. Also as further confirmation we can see the formation a relatively long Hammer Candle could indicated bullish bias building up. Trade safe and implement your own due diligence before executing a trade.
Long
by Aqua_Trader