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USD/JPY shortThe market is overall bearish on the weekly timeframe as indicated by the strong blue trend line. We are currently touching it and sellers have been indicating that the trend line is here to stay for now. Looking on the daily chart, we do see a break into consolidation indicating a market neutral / slightly bearish stance on this pair. The daily consolidation zone is a good indicator for potential profits/losses. Looking deeper into the 4 hour chart, we see a lot of similarities with the daily timeframe as it is also currently in consolidation and has made lower lows, lower closes stopping at a 50%/61.8% Fibonacci level (depends on where you look from). As a result, I believe that the market will go down at least in the short run as indicated by my pending orders.
Short
by lukasugrehelis
EUR/USD shortThe market has been in consolidation on the daily timeframe for a while now and is currently at the lower points of the mentioned zone. However, we have not made lower lows/lower closes for a while as well. Therefore, this indicates a market neutral stance for now. On the 4 hour chart we do have a forming pennant/triangle formation despite technically being in a downtrend. This indicates uncertainty and, in my opinion, should make traders "think both ways" before executing a trade. As a result, secondary targets have been adjusted (reduced) for the possibility of the market reversing and going up.
Short
by lukasugrehelis
BTC 3848 consolidation on target BTC's 3848 two-week consolidations on target. Actually a tiny bit bullish, just a little. Short and sweet, take it with a grain of salt. ~Ji This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. This is not a therapy outlet for negativity. Go join MMA. Happy trading everyone.
COINBASE:BTCUSDLong
by JohnnyJi
BTCUSD strong long trade setup (short term)So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long. So I went long here at 3936.27 Stoploss: 3200.00 (2 % risk of capital) Take Profit: around the 5000.00 price, depending on the future movement of the price. As of right now, I think there will be a short term spike up to the 5000 level.
BITSTAMP:BTCUSDLong
by BonnelykkeInvest
NZDUSD strong resistance line broken NZDUSD has created a good short trade setup on the daily chart, according to my trading strategy. A strong bearish engulfing pattern, at the bollinger middle band, also breaking through a strong resistance line and two resistance levels. The bearish candlesticks are also stronger than the previous bullish candlesticks. However since this is a trade formed around the bollinger middle band, I will only take a 1 % risk with this trade. Stop loss: 0.72698 (70 pips) TP: Around the next resistance line As you can see on the monthly chart, a bearish engulfing pattern with a long bearish candlestick has formed, after af small bullish retracement. This makes this trade even stronger, and I will take a short trade based on the monthly timeframe, tomorrow.
Short
by BonnelykkeInvest
ICO trading - SANUSD Part 1 - Buy alertRecently listed tokens can make good trading candidates. Everything you need to know is printing on the daily charts. A low was formed and two previous days were counted backwards to enable green line to be drawn to the right hand side. This is count back line analysis being used to identify a buy signal. A buy signal is a close of the daily candle above the green line. At the moment SAN is on my watchlist. Awaiting confirmation of an uptrend forming. Higher lows printing daily candles is encouraging. SAN has recently been listed on Bitfinex exchange. I found this interesting as they have so few pairs listed for trading. Bitfinex have this week announced devlepoment of a new exchange for trading ETH and ERC20 compliant tokens. So I now expect the next announcement to be that this exchange with partner with SANTIMENT. That could see the charts pop! Stay tuned for part 2.
SLong
by deanbyronbay