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USDCAD: possible long opportunityUSDCAD is breaking the trendline formed since the beginning of this week. On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away... Stocks and oil are under pressure, thus risk-off is favorable for USD bulls. Another USD long already opened. Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3. Wait for confirmation and relevant price action on the lower time-frame before entering the position. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument. From techincal POV: -H&S chart pattern -RSI divergence Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Short
by GIgor_021
#NYSE #UBER The Bright Future Long Position Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them! Well! Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this? Their start wasn't so impressive... "Uber raised $8.1 billion in its offering at an IPO price of $45 a share. At a recent stock price of $41.57, the company had a market capitalization of almost $70 billion, based on the 1.677 million shares it had outstanding after completion of the offering." If you check their just two years graph, you will see their vast loss! BUT!!! Here we are in 2020! Uber is one of the promising company, because of the virus! They are recovering very fast and from the lowest price of their history (March 20 stock price 21.33 USD). Their share price is 36.59 USD, and it has powerful potential to close this massive gap at the 40.72 USD and to continue an excellent long position. Interest regard of the company is increasing very fast, and it's a perfect chance to buy some shares and to keep them for a long term position. I used several precise trading instruments, where you can see Fibonacci retracement and their percentage positions. As you recognize, it has already passed 35% of uptrend and will be closer to 50% and more soon. Overall, most of the technology companies have perfect perspectives, and one of them is UBER, a very fresh and right choice for trading. Don't hesitate to like and leave your comments below! Thanks
NYSE:UBERLong
by KiriaTrader
NZDCHF: waiting for correction before jumping inCommodity currencies are just squeezing up and it seems like there is more space to go... Going long in NZD against CHF seems like an opportunity to participate in this move. NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around 0.6375. Obviously we might not get this price, but entering now would be more like jumping into a moving train. Make your own analysis before entering position. // Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
BRENT CRUDE #OIL IS COMING BACK TO THE STRONG LONG POSITIONHello, We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too. Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to discuss right now. #1 Simple #pitchfork As you see from the lowest point and the next highest point I found the trend line, which is out of the standard pitchfork and it didn't follow the borders of the fork. For me, it means that Brent crude oil either long or short position, which was not guaranteed for more than 50%. ( When I see the chances are more than 50%, I always follow this trend!). What the next decision?! #2 Schiff Pitchfork And here we are! DOo you see the borders of the trend and exactly tunnel where brent crude oil is increasing? This is another positive hint for me to choose a very long position and follow these lines right now. And the last part of my forecast! I never forget SL and TP part, what I already mention on this pair and please, use them too. I wish to receive your, follower, likes, or comments and we can discuss it.
TVC:UKOILLong
by KiriaTrader
2
BTCUSD: "Wave C" is coming?Since mid of March the price of BTC has over doubled compared to USD and for me it seems like a V shape recovery. Are we going higher from this levels? Possible, but I think there might be a better buy opportunity. The main reason, why I think the price can go lower (below 7000) in the future is because I see an Elliot wave pattern confirming on daily time-frame and it seems like a possible "wave C" is coming. Other reasons are the following: - The price is breaking out of the channel - RSI is breaking the trend line - MACD is in the overbought zone So, joining bears from around 9100 price level with S/L around 10050 and 6800 T/P level provides decent R:R. Make your own analysis before entering position. // Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
BITSTAMP:BTCUSDShort
by GIgor_021
2