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Long DXY DailyTVC:DXY has been most of the time in a strong Weekly Rectangle Trading Range. As Professional Traders we will seek to take the most advantage we can out of the market. The 7 day RSI as slight divergence that signals an upward trend.
Another factor is the trendline forming at 38 degrees that is inline with the previous bearish trendline at 36 degrees. Price has recently bounced from a low at 96.00 . I would aim for the 98.50 level.
Upward movement suggests that the USD will become stronger against other currencies.
Investing in BTC according to an Event HorizonThis is just the harmonious curves resulting in the geometric averages between highs and lows of historical cycles.
You should use this as a baseline to buy and sell BTC, depending on your event horizon (in time).
This is more of a HODLer or LONGer investment plan than short, but it should provide a baseline to you.
Also, I'm not a technical analyst, I just like geometry a lot, and I find it serves as a very good tool for prediction.
These analysis I make mostly for myself, to see how they withstand (or not) the test of time.
Consider this *not* financial advice.
Peace; out.
Short NZDUSD Daily - Ot ForexFX:NZDUSD has recently rallied higher even though it is in a strong downtrend ( weekly lower lows ) . As indicated on the chart the weekly resistance and support levels.
Price has reached and broken the first level on higher volume , but it has made a strong return to the downside when it reached the 0.5 Rib Retracement Line.
Stop Loss can be set just above the First Resistance level with entries occurring just below and take profit targets should be set at the daily consolidation rectangle.
#VEDL #NIFTY #NIFTY50 #VEDANTA #INVEST #EQUITY ##Bullish #WedgeBoth Rounding Bottom And Bullish Wedge formed in #Vedanta ( #VEDL )
The Exponential Moving Averages crossed above
Closing Price of last candle closed above the resistance with a huge increase in volume
Expect a bullish reversal
Final Target will be 140-145
Up side potential high
Return:Risk Ratio High.
BITCOIN - LongTerm Price Action Analysis 6K and 3K zones (if 6k break) are coming.
There is a Daily support LVL (with volume profile confirmation) at 5200 that is important in daily but not in weekly.
Aggressive stop-loss: $11000
Best stop loss: 12400
After reaching the 6K (and even 3K) zone BTC is in a super bullish pattern called QM.
Will BTC see 20K again? YES! Even higher? YES! But you must wait.
Good luck :)
Shift Payments Strong Buy --> IPO Scheduled TomorrowFirst off, please don't take anything I say seriously or as financial advice. As always, everything I say is on an opinion based basis. If anybody is excited for some potential IPO opportunities, Shift payments definitely looks like one of them. The price proposed at at $21, seems reasonable when looking at A) Competitors such as PayPal and Square B) Recent POS growth for restaurants post-Covid C) Financial expectancies. After missing the ZI IPO, I definitely think this one is one to watch out for + potentially hold. If it doubles, and I were to buy it than, I would sale and reinvest in the dip or hold depending on market activity. Either way, looks to be a strong buy.
I Missed a Huge IPO Opportunity, Feeling Dumb Right Now :(First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, imagine having a chance to buy a stock at a $13 price point and doing a sell of for $42 within a day's time period. Had the chance to do that, and didn't. Didn't even get the stock. When you see a stock going down few hours Post-IPO, it is because many people are putting sell orders quick for profits and lots of activity happening during those time periods. Unfortunately, it can mess with your confidence and your judgement where you miss a great buy opportunity. I seen the stock's symbol from TradingView. It had hype. Now, I feel sick :(
WTI - Long IdeaI was in this short, just closed.
I see price sitting firslt on a few support levels:
- A double bottom?
- MACD bullish divergence
- RSI oversold
- Hammer formed at 200 EMA (1 hour)
I would like to see price make it a little further north, that trendline goes back to March 10th.
Short GBPJPY 4HFX:GBPJPY is in a long term downtrend and therefore we should look to enter only entries to the downside.
The black lines on the chart represent Fib Retracement level on the Daily Chart. We will now continue to the smaller timeframe to find an accurate entry point.
A nice downward parallel channel further indicates downward movement and we will set our TP target on the fib retracement line. The ADX also have downward movement that indicates bearish action.
Risk:Reward - 2.00
TP :129.700
SL : 131.600
Short GOLD 1H OANDA:XAUUSD has been riding the bullish wave for quite some time and therefore I will not yet recommend going short for the long term. This is a short term setup and here are my reasons.
Volume : Falling Volume when price tests the resistance trendline indicates that bulls is not giving the necessary power to breakout.
Triangle : The Triangle that is forming is pointing downwards and therefore the bears is starting to steer price in their direction.
RSI : The RSI has a downwards slope that indicates closing prices is going lower.
SL : 1745.00
TP : 1710.00
This is a short term setup
AMX +++ LONGAMX
AMX is going up!
1st Objetive up to +19,00
Then 2nd objetive +23,00 to +26,00
MACD and RSI on our side!
High resistance point reached, now we go up!
Great for 1st objetive +12,37 to +19,00 means +53,59% in USD.
Have a Nice Day!
Long AUDUSD Weekly FX:AUDUSD has been in a strong bear market the past few years and the effect of the corona virus has caused it to test monthly support levels. With rising volume on the weekly timeframe we could expect a breakout upwards.
I have set out my TP targets and SL on the sheet. Minimum risk:reward is set at 2:1 and Maximum Risk:Reward is set at 6:1
Fib Retracement lines is our guide with this trade to solid TP targets
Long AAPL 4H
AAPL has an bullish rising pennant.
AAPL also has broken the 40 day EMA.
Strong Rising trendline support.
Broken dotted downward trendline
TP : $310.00
Medium term prospect
RGTECH-Kaunter Untuk InvestKaunter di sektor teknologi dalam sub-sektor Digital Services. Dari segi FA, agak baik cuma dividen yield sahaja yang kurang.
P/E Ratio: 30.19
ROE (%): 8.76
Profit Margin (%): 6.8
Number of Share: 525.20 m
Kajian RHB telah memilih kaunter ini sebagai salah satu antara 20 kaunter dengan prospek pelaburan jangka sederhana dan panjang.
Fair value kajian RHB adalah disekitar RM 0.38 - RM 0.52.
Dari segi TA, harga sedang uptrend dan mencatatkan pattern zig zag yang sihat. Pergerakan harga juga dalam lingkungan uptrend parallel channel.
Harga juga berada di atas MA20, MA50 dan MA200. Potensi untuk entry semasa pullback.
Support: 0.305
Resistance 1: 0.350
Resistance 2: 0.390 (52 weeks high)
Long NAMPAK (NPK) JSE 1H JSE:NPK is South Africa's leading diversified packaging manufacturer. As of basic knowledge due to lockdown regulations economic growth has been slower across the world. JSE:NPK also took a great loss due to this pandemic.
Fundamental positives :
- Gross Profit Margin : 30,34% ( Relatively Strong )
- Current Ratio : 1,36 ( They have enough current assets to manage short term debt )
- Price/Book Ratio : 0,10 ( They are undervalued because the ratio is below 1 )
Technical Analysis :
- JSE:NPK has recently started to move in a upward parallel channel
- The support line has a steeper climb than the resistance trendline indicating stronger bullish movement
I would recommend to set Take Profit targets at R2,28
Always use Risk Management when entering a trade .
EURAUD SETUP LONG TERMEURAUD
*The 4H , 40 Day EMA is currently in a downward slope which indicates short term downward movement.
* The Parallel zone consists of the Weekly timeframe and this suggests that on a long term view FX:EURAUD is in a upward trend.
* Therefore we can expect downward movement towards the 1.65000 level .
* A buy option after this level will be most suitable with a Take Profit at : 1.72000
Always use risk management to ensure not to overtrade
Long BTCUSD * Trendlines tested numerous times . Indicates strong support zone.
* 40 Day EMA is starting a bullish curve.
* Low Volume indicates there is not a lot participants in the market and therefore they will probably follow the trend.
This is a medium term perspective.
Always make use of proper Risk Management when trading.
Long S&P 500 - Strong Monthly Trendline
- Bullish 40 EMA
- Strong Daily Trendline
- Next Target : All Time High
Medium Term
For more signals check out my telegram channel : otforex
Short EURJPY MonthlyEURJPY is running on a strong Monthly Resistance Trendline. This would act as a strong barrier to break because it has been tested 3x Times. The longer and more times a trendline is tested without being broken the stronger it becomes.
As Indicated the longer term weekly trendline has been broken and retested indicating strong selling signals. The 40 EMA also is in a strong downtrend on the weekly chart.
TP1 : 111.200
TP2 : 96.000
This is a Long term setup therefore I will recommend a small lot size when entering a trade.
I give signals daily on my telegram channel : otforex if you would like to receive more of my signals.
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