#USD CAD# 1:5 RRR SELL TRADE SETUP Iam looking for USD CAD sell trade setup on 1:5 RISK REWARD ENTRY
Institutional
DoorDash: The Stock that Hedge Funds LoveIn this post, I'll be taking a fundamental and technical approach to DoorDash ($DASH), an American delivery & takeout platform.
For more information on the company since its IPO, make sure to check out the post I uploaded in Dec. 2020 by clicking the chart below.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Fundamentals
- DoorDash has shown tremendous growth compared to its counterparts like GrubHub and UberEats, during the Covid pandemic.
- In terms of meal delivery shares, DoorDash currently covers 57%.
- Dashers - the deliverymen on DoorDash - are gig workers, but the Biden administration has signaled that they should be classified as employees
- This would induce additional costs, and with DoorDash still not being a profitable company yet, this could negatively impact the stock's price.
- While this company is still not profitable, their Q2 financials demonstrate great growth trajectory
- Their increase in revenue isn't amazing, but the absolute value is quite high.
- Their Gross Order Value (GOV) has been growing for 5 consecutive quarters.
Technical Analysis
- The chart demonstrates that the stock is very volatile.
- But ever since we tested the IPO price support in May, we have been in an uptrend, forming higher lows and higher highs.
- The price is trading above the Exponential Moving Average (EMA) Ribbon
- A break and close above $214 could lead this stock to retest its all time highs at $256
Institutional Investors
- SoftBank holds the most stocks, owning 12.89% of the company (43.5m shares)
- The runner up on the list is Sequoia Capital, with 11.66%
- Tiger Global Management holds 3.23%, and Morgan Stanley Investment Management holds 3.13%
- Among known hedge fund managers as well, the top holders on the list (by order) are:
- Chase Coleman (Tiger Global Management)
- Jim Simons (Renaissance Technologies)
- Ray Dalio (Bridgewater Associates)
- Ken Griffin (Citadel)
Conclusion
DoorDash is a very interesting company with a business model proven successful by other companies overseas. It would be important to see the continuation in growth momentum and the company turning profitable in the next few years. Especially with a lot of institutional interest, this stock could definitely be added to your watchlist.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight :)
AAVEUSDTPrices broke out of a major structure high, leaving behind liquidity highs to be met.
We are currently bearish on the immediate move and will be looking for a bearish move into a potential demand area to get involved for BUYS.
EURNZD H1 - SHORTPrices tapped into H4 supply zone, shifted on the LTF and we are potentially looking for sells if we get a pullback confirmation.
SOL/USDT Long Trade IdeaThis explanation requires further detail. Please like if you agree with my idea, and I'd like to hear your thoughts in the comments below. I appreciate you guys.
EURAUD H1Prices broke immediate swing low, leaving behind a supply area for us to get involved, targeting a refined area for a BUY opportunity towards the HTF liquidity highs.
USDCHF H1Prices are between 2 areas of interest. A HTF supply area where prices got rejected from, into a potential demand area that failed to break HTF supply area. We'll see how prices reacts at the demand level.
USDCAD SellsUSDCAD Marker Maker Sell Model, Breaker Block + OB or previous NY KZ High Raid into a OB and sell off. Previous Weekly High was raided, which created the high of the week. DXY is bearish and the Cad us bullish = usdcad Bearish
CADCHF H1 - SHORTPrices tapped into Daily supply area, gave us a shift on the H4 timeframe and now and now looking for sells. 2 ways you could find an entry:
1. Set a Sell limit orders onto the refined areas by means of supply on the lower timeframe.
2. Confirm these areas on the LTF by means of structural shift or CHOCH
DXY H8 - LONGPrices are likely to reach out for liquidity highs after getting rejected from a demand area.
CADJPY H2 - SHORTPotential SELLS onto CADJPY, shifted on the LTF as prices taps into the HTF supply area.
GBPUSD H8 - LONGPrices broke out of structure and left behind several demand areas for us to get involved. Wait for the tap into the respective areas, look for the shift in structure on the LTF before taking BUYS.
GBPUSD 15M - SHORTPrices broke down from a H1 supply, looking for a pullback onto the supply area. LTF traders can look for BUYS into the supply area that we've identified. Otherwise, simply wait for the pullback and look for the structural shifts.
Bitcoin Institutional Trading and POI
In my experience in the markets, all price action follows 3 main market phases as below:
1) Consolidation: price ranges between two levels and consolidates between that area.
2) Expansion: Price action breaks out of the consolidation with high volatility making rapid impulsive and corrective waves, prior to the main trend direction to be determined.
3) Trend: The price action finally follows and market has a fixed sentiment where the trend takes place and the main direction of the financial instrument price goes.
Observation
The market already passed Phase 1 "Contraction or Consolidation", and has commenced with Phase 2 "Expansion". The first top POI and the red Liquidity price line below it represent two possible price targets for Bitcoin . Why? The first top POI represents a previous strong support where all Long Positions have been killed, making it a strong resistance and a POI price that can be in the market makers' favor. The green line represents a very important price level where big institutions benefit from manipulating the price at that level, lots of SL hunts will be around there.
Conclusion
My Profit Target for Bitcoin is :
TP 1: white POI price level ~42k
TP 2: red Liquidity line price level ~39k
TP 3: green consolidation line price level ~35k
This isn't a financial advice. This is a personal trade I am in currently, and I am just sharing with you my theory. I appreciate you guys. Don't forget to like my idea if you agree with my analysis, or and comment for your thoughts and questions.
Best Regards,
Thank You
GBPAUD Sell to Buy Liquidity Grab!Swoop of daily lows ( liquidity pool ) for the continuation to the upside looking to target 300 pip bull run.
CHFJPY H1 BUY TO SELLPrices broke out of structure, leaving behind a demand zone for us to get involved, to buy into the H4 supply above, potentially distributing towards the liquidity lows by means of trendline.
USDJPY H4 - SHORTWaiting prices to tap into our supply area, give us a transfer of WH>SH before taking sells.
XAUUSD 2hr Reaction Candle Beautiful 100+ pip trade today price action filling in 2hr displacement in market and reacting bullish of an orderblock.
AUDCHF H1 - LONGPrices broke out of structure, leaving behind a demand zone for us to get involved. Wait for confirmation by means of structural shift on the LTF to get involved.
EURCAD H1 - LONGPrices tapped into demand zone, gave us a shift in structure and now looking for a LONG position if we get retest confirmation onto demand zone.
USDCAD M15 Supply & Demand AnalysisLooking at these 2 levels for price to take liquidity and to react. Scenario I look for is taking out highs and getting the fuel to take out the lows.
EURUSD Bullishannotations written on chart, looks bullish due to liquidity, INST OF and Seasonal tendency
USD/JPY | Institutional Analysis | Quasimodo PatternUSD/JPY has a breakout of trendline with some Quasimodo patterns in it. This, indicates the change from downtrend to uptrend.
If we really believe that breakout we can find some sweet spots that allows us to jump into new trend at good price.
Feel free to write your opinion on comment section and stay tuned for updates and more opportunities.
