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Justdoit

NKE - Just Do It ✔️Hello TradingView Family / Fellow Traders, On Weekly: Left Chart NKE has been hovering inside a range in the shape of a symmetrical triangle. Moreover, it is currently sitting around a strong round number 100.0 🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major high in green at 107.0 📉 Meanwhile , NKE would be bearish, and if the 100.0 support is broken downward, we can expect a bearish continuation towards the lower weekly trendline where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NYSE:NKELong
by TheSignalyst
1
004. Piggish Play - Long Dominos Pizza (DPZ) on 6/1/2020DPZ is a volcano set to erupt. It has been consolidating in this defined purple range since April 13th, after a massive gap up on an earnings crush. With institutions like the FED and other funds (who got the green light from the FED) are fighting popular opinion that the markets should be in a state of retracement. The reason why taking a long position in either equity or options is wise is because Dominoes can thrive under the two scenarios that could arise in the next month: 1) The infected count increases to the point of a second quarantine and DPZ sees further increased revenue 2) Everything is contained and life moves on along with a bullish market Technically speaking, the chart is primed for liftoff. All of the key EMAs are aligned for takeoff and a broad base has formed after two months of tight consolidation. The orange line splitting the middle of the chart represents the new bullish price channel, should the 390 line break + hold tomorrow. Such a channel suggests that a 50 point move is more likely than not over the next month. Therefore, entering a long position in equity and setting a looser stop is the way to play this like a fiddle. Trade Overview: - If DPZ breaks 390 tomorrow, enter a long position above 390 for a price target of 340. Sell above 330 before the end of the month, if it cannot break 340 by then. - There are blue skies above 390 (no historical resistance), so there's always a chance that it really moves closer to 500 in the coming weeks. I am not 100% psychic, so it is difficult to peg a specific price target, but I think that 340 is the most reasonable place to take at least some profits. - Set a loose sell stop at 368. - The reason for the loose stop is that it is very unlikely it pulls back significantly. If a tight stop is set, you will get shaken out before the next leg up and you will be either sad, chasing or both. - If DPZ cannot break 390 due to an extreme market-wide move down next week, then wait for an alternative entry at 350. The odds that it closes below 350 over the next 6 months are astronomically low. NYSE:DPZ
NYSE:DPZLong
by UnknownUnicorn5511258
Potential Trend Continuation - Daily Interval - USDJPYHello Success Traders, The currency pair (USDJPY) is manifesting the formation of a "cup and handle" formation. Considering the prevalent uproar (bullish) in PA (Price Action), a probable correction with the next few days, to then a significant spurge into bullish territory to re-contest previous relative highs. (Long Term Bullish, Relative Short). Be Diligent and Stick To Your Trading Plan*** Not Investment Advice. For Educational and Analytical Purposes Only. -LionGate
Long
by LionGate
Position Formation - 1hr interval - EURJPYHello Everyone, Bullish Formation - (125.00-125.50) 50 pip interval Bearish Formation - (123.625-123.675) 50 pip interval Consolidation Current Price - (124.300-124.400) 100 pip interval RSI - indicating a strong consolidation currently being manifested within the last (5-6 Days) Overall, be diligent of the current momentum shift and fundamental releases soon taking place this (later) week. Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)*** -LionGate
by LionGate