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AUDCHF possible ScenariosHello ladies & gentleman, I wanted to show my perspective on AUDCHF. I see only two possible scenarios with what we have right now, The 1st, price either decides to make one more bearish impulse and then correct in a bigger structure. Or the 2nd, price decides to start correcting as soon as market opens, giving us a bigger structure. In the 1st scenario we would be taking a trade on the breakout of the smaller structure we saw, with a little profit and then look for what price decides to do next. In the 2nd scenario we should just wait for price to breakout of the structure, to then continue to the lower side. In the 1st scenario we would be using a stop loss of 5 to 10 pips, nothing more than that, and in the 2nd we would probably have a higher stop loss. Hope you like the idea!.
Short
by olmedomanuel_
Just Group - Just about to explode?Buy Just Group (JUST.L) Just Group plc, formerly JRP Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments. Market Cap: £660.9Million Just Group has been in the process of forming a bottom pattern for the past couple of months. The break above resistance at 57.50p confirms the pattern and projects an upside move to 79.30p over the short to medium term. There is also an unfilled gap at 96.50p, which formed when the company posted disappointing results. I like the prospects of recovery from here. Stop: 54p Target 1: 72.75p Target 2: 79.30p Target 3: 96.50p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:JUSTLong
by Investamate
Bitcoin: BTCUSD Just a another Manic Sunday/Next buy pointBitcoin: BTCUSD Wave and Price just keeps Growing Life and Times: Just Another Manic Sunday - Bear Witness to the Fastest Market in History - Bar none. Next Buy Point for last 500 Update/positions: Yesterday we got stopped out at 10900 for a 900 point win from 10008 and were looking to re-enter from 10638 in a perfect set-up - it was close but no cigar with the subsequent low being 20 points higher. See how it made that base under the highs? Hardly bearish was it? If it was bearish it just would not have behaved like that. Remember this behaviour! You're going to see a lot of it in this environment on other Alts at different points ...see how it behaves under old highs: does it recoil hard, big red candles of rejection or it lazy, almost disinterested? Long term holders don't give a hoot for whether price is 12 or 13 or 9 or 21. it's just a number. They ain't selling. No supply. Lots of demand, and - as humans are wont to do - we are somehow much happier paying 11.5 now than 9.5 just 48 hours ago. Humans! Are we not, like Bitcoin itself, a piece of work to behold ? Traders' Update Look at this wave now. It's tidal, tsunamic in size. It grows as fast as Alien and moves 100 times quicker. If day trading, or holding long again from 10650 ish lows of later yesterday prepare to take profits as the upper parallel is tested, spiking up into the top-most parallel at best before falling away again... looks likely to come back to 11385 at some point and potentially to 11070 - note the two little pins at the top - a tiny tiny fractal flag is forming by the look of things before the next surge to the upper parallel. it looks like it will consolidate close to the highs and at worst dip to 11500 and perhaps spike to 11385 at lowest before it rallies again to hit the upper parallels. Next buy/add point if we don't fall away further from here comes on the break of the tiny dynamic coming off the highs. But close out again at the parallel for 400 to 550 gains. If we see this challenge above 12000 and into 12150 range it is possible that we then see a large collapse start from there ...doesn't have to happen, but would be 'normal' behaviour in any other 'stock'. The problem is Bitcoin is hardly 'normal'. Supports shown on the chart are the most likely spots to expect support to step in later on today/tomorrow. * Sorry once again: was banned for 24 hours for posting a text wall to chat room. Bad bad bad
BITSTAMP:BTCUSDLong
by sumastardon
21
BITCOIN: BTCUST Just fine thanksBitcoin: BTCUSD Just had to tear away over lunch to check the monster. Spoke of a low being made around midnight est, looks like it was 2am. The breakof the bigger parallel from the highs was good, green candles, everything you'd want from a 'good' break, but it was running too fast: 800 points or 9% in less than 3 hours...there is resistance there 10180 high from the big red candle to left of price on chart but didn't judge it strong enough (too many lines is confusing so try to strip it down, sometimes too much). Anyway, who spotted the continuation pattern that then followed as it came back to make an intermediate double bottom at 9365, right off the blue support...fixed and dynamic met at that moment and left a pin bar on the low...the continuation pattern: now 2 strikes = hot..and bam, she breaks the upper parallel, bit of a retest that works and up she goes. So now it's created another little impulse wave from that low at 2am est and is a buy of the lower parallel and sell off the upper (for day traders). If you have been trying to get long here and been stopped out on good longs look to buy on any touch of the lower parallel. Bitcoin stays good whilst within this wave in near term and looks aabsolutely fine again for medium and longer term too. And what's good for Bitcoin is good for the Alts/USD. Buy on dips. This could be a good weekend ahead. Back much later
BITSTAMP:BTCUSDLong
by sumastardon
WTI: USOIL Very Bullish - Buy dips up to 62WTI: USOIL See that Wave? Use it. It's free power. The impulse wave on WTI is not quite so perfect as that on Brent (which is creating one of the most perfect trader- friendly waves ever seen right now, check it out). But the wave is beginning to take shape here nicely now too and looks full of intent and stored energy, ready to power it higher over the next week or two ahead. As with the Brent impulse wave, use any further tests on the lower parallel as a buying opportunity (with stops 30 pips below) and any test on the upper parallel as a near term selling opportunity with stops 50 pips above if day trading this complex. The upper parallel here on WTI is sensational, really trustworthy, as good as Brent's - and now the lower parallel is forming nicely too on WTI. We can use that for the next couple of weeks. If WTI comes off from here and back to 55.00-54.60 it's a buy with stops 30 pips under the parallel. Although it's clear that the entire area betwween 57.20 and those highs at 61.62 on left of chart is a real battleground, and that we are quite likely to see a repeat of that whipsaw at the same levels and will need to take profits quickly (before someone else does and price drops away again fast) ...but the trade has to be buying all dips as WTI grinds higher and higher , right up to 61.57 - 62.55 upside target - at which point, with bears squeezed tight, it will likely fall away again. (or if day trading sell off the upper parallel and buy back from lower up to 62). We are still long here on a long-pull swing trade from 43.74 and unlike the similar Brent trade this was never closed out just before the last Opec non-event - this didn't look 'spent' but Brent did (so shorted it and left this long open, see older comments if interested). It has a 61.47 limit order on it. One day...At any rate, last week's price action was super bullish for WTI, turning old and powerful resistance at 55.06-54.60 into support and catching the market on the wrong foot by Friday. This has more upside now. Use any weakness from here back towards the parallel as a gift of a buying opportunity until the upside target is achieved, ideally as WTI hits the upper parallel at 62.40. Time, and trend-lines, as always, will tell. So WTI is 'surprisingly' bullish. Solid bull move last week. This wave has more to run. It woukld have to close below 54.60 for the bears to have even the remotest chance of getting a grip from here. Ain't gonna happen anytime soon. Last week told us that.
TVC:USOILLong
by sumastardon