GBPJPY (long-term) | More reasons to short than to longThe currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100% intra-day Fibonacci level @ the 158.00 region AND THEN sell downwards.
Long-term-short
GBPUSD Short Trade SetupHello trades.
While I was recording today's video analysis, I was expecting some correction before this down move, but it just fell. Wait for a correction to take any trade. Don't jump in. My minimum target is the breaking of up trendline. Then we will see. There is a chance for one more upside, or it can go down and make new all-time low.
Bears Control IOTA... for now...Simple but sweet~
Descending triangle, however the current last few days has been bullish indicators so if we break the trend resistance we could see a change of pattern and it go to 50% FIB retracement which would be a nice overall 25% profit.
If it turns the other way and we break support.. uh oh; my advice is short.
IOTA is a good long term hold, under $2 is still a very good buy from a long term perspective.
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions don't hold me accountable.
If you liked this short post, be sure to follow and like .
Xander~
BTC bullish channel, when to buy. TIER : SI'm keeping this post pretty short. because this is BTC and we all know what BTC is and what it does. this is simply my take on what's happening.
We'll scale buy along the support trend line. Because we seem to be on a bullish channel now.
Don't worry about the short term MACD, RSI/Stoch. they're all showing retracement, but on the 4h-12h-1D chart they're all positive. buyers are finally coming in and we wanna maximize our profits on every trade we make.
We're facing resistance at the 129** level, once we break and close above that, we will be on the move to the next fib target.
Smart Idea that is also very scary.I have to say, I'm honestly impressed with Kodak. I really didn't think that a major company would pull such a ballsy thing this early in the game. To announce that they were going to go crypto was completely unforeseen from my end. Building a damn miner was also my unforeseen. This all can be a good thing and also a bad thing because things can be played out very differently in the long run of things.
So lets get things on the road.
Let's start with the short run of things, Currently the company is joining in on the whole crypto craze. I won't lie, that is smart move on their part. If you look at their stock value over the past year, it has literally dipped to the point where I was wondering if the company will even survive in two year. But after the announcement of the currency, their stock shot up. to almost 12 dollars again. That's freaken insane and hilarious at the same time. They announced that their is a huge demand for their miners at the moment, which also drove their stock value even higher. So for this quarter, you can expect a huge gain in their stock value. If anything, it's going to be the biggest increase since.... well forever. If you are a short term investor, I would say that is a good thing. You get in while it's still low, and you pull out when your value doubles or triples in this matter which I have no doubt will end up happening. First quarter of the release of their miners will 2x to 2.5x your value. By second quarter, their would be an increase of about 1.25x to 1.5x your value ( based of the previous quarters value). Then third quarter, a slight increase and probably a slightly decrease in the fourth quarter since it's the holiday season. So in the first year, you will do well. After that, it's will really depend on how well the company's miner and coin does. And by the way, this will most likely take you off the short gain capital list. (if you invested early enough.)
Now for the long part, I don't know how they company will do in the long run of things. Just because they added the whole crypto currency and are trying to pay photographers directly doesn't still love their initial problem which is how to increase revenue or even attract new customers. Unless the company either shifts completely into crypto and throws out their camera making, I don't really think the company will survive in the long run. Honestly, the whole thing they pulled is a double edged sword where there is a huge reward if everything goes well or a very painful ending if things go bad. I would probably say there is two years before we can really say how things will turn out. Not only that but the price of their crypto and stock prices will be very heavily influenced by each other. If their crypto does well, their stocks shoot up which in turn would shoot up the price of their crypto, and which would continue the cycle. And it's the same if their crypto does not do well, their stock price will plummet which in turn would also plumet the value of their coins. Unless, the company has set price for how much their crypto is worth, the first two quarters of the release of their crypto will heavily influence how well the company will do. If they sell a lot of coins, stock will do well. If not, then stocks will drop. If you plan to short the stock anytime soon, I would strongly advice against it since this can really hurt you if things do not play out like you predict it would. (Unless you have insider information) At the moment, the coin announcement threw me off even though it shouldn't have. This has now become the second company to officially announce that they would be making crypto. (First was MindArk for Entropia MMORPG. BTW, I'm not counting all the partnerships that exist with different companies such as Stellar Lumen and Kik, Microsoft and IOTA.)
Anyways, have a good day everyone. I got morning class so I got things to do.
PS. There will be many of you who won't see like this and I welcome and respect your opinions.
BTS/BTC Binance Elliot Waves, Cup and Handles. Clear time to buyWith time, and observation comes understanding.
A day of Elliot Waves and cup and handles led me to believe I could time this right. And wow did I surprise myself.
I have never drawn on a chart, I have never done anything other than observe and trade, I see other peoples charts (Credit to Thomas, AlanMasters and Haejin) and if I don't understand something I learn it.
This is my application of some of the things I have learned in the past 10 days.
Enjoy and please feel free critique the work. (I am still getting used to the tools on TV)
buy now and wait ! (road of resistance)you can see the support line and the resistance.
the strategy is:
buy now or keep an eye of what you boght, and wait for the resistence
then split it and sell some, if it goes down sell everything,
but if it goes up' just wait or buy more untill it will reach for the target !
good luck !
XAUUSD Ride -- Long-term: Buy, Short-term: SellFundamentally, it's more probable that XAUUSD will continue to rise up to R1 pivot line (@1290) in the daily chart considering the risk regarding North Korea. Setting up a buy stop with TP at R1 in the daily chart (R3 pivot line in the hourly chart), and SL a few pips below R1 pivot line in the hourly chart. In the short-run though, it's also possible that XAUUSD will consolidate between now and next week especially there's the upcoming USD CPI news on Friday which can help USD rally, and XAUUSD's weekly chart shows a ranging pattern.
www.dailyfx.com
www.dailyfx.com
Daily:
Weekly:
Confidence: A (long-term: buy, short-term: sell)
Short term, Medium Term and Longer Term Outlook on Ripple
This will be a short term outlook (up to 31st July), medium term outlook (up to 5th August) and longer term outlook (up to 20th August) over the next month for Ripple.
Short Term
First I would like to bring your attention to the bearish pendant formation which is aqua-coloured. The price is near completion of the pendant but still needs a price increase to 19cents to complete the pattern. I believe this will happen as within the pendant, an inverted head and shoulders pattern is forming and to complete the right shoulder, price needs to increase. This re-affirms the bearish pendant pattern. On the MACD histogram, it has formed a higher low as indicated by the yellow trendline signalling that selling momentum is fading. However, there is some conflict as it shows the fast ma crossing downwards the slow ma. I believe that this signal is not strong as this is a trend confirmation signal. By looking at the ADX, we can see that we are near the lows (Lowest point given by red horizontal line, highest point given by green horizontal line) and that we are not in a trending market but ranging market, thereby nulling the ma cross as a factor in our deduction. Further pointing to an increase to 19cents up to 31st July would be the decreasing selling volume over the last 3 days. From these factors, I believe a price to be expected is 20.765cents in the short term. You may ask why it is not 19 cents as that is where the triangle ends, but an inverted head and shoulders pattern signifies a breakout and therefore the take profit target is at the previous high. Again, the question is asked, if it is a breakout, why the price would not surge past 20.7cents. This leads to the medium term outlook and my reasoning why the breakout is false and is a "fade breakout".
Medium Term
In the Medium term outlook we begin on the 31st-1st of August. This is where segwit2 or split decision will occur for Bitcoin. On July 21st there seemed to be a general consensus no split was to occur and segwit2 will occur, but fear and uncertainty has risen again as more people oppose the idea of segwit2 pointing to a split (If you would like to read more, here is a link: thenextweb.com).
From this uncertainty and likely chance of a split, I believe bitcoin's value will fall, if not from the result then from the uncertainty. Altcoins have some correlation to bitcoin and therefore I believe Ripple will follow suit. The next question is, how far the price will fall. A price target 1 for the fall would be at 16.412cents. This price target has been forecasted from the bearish pendant (aqua colour), where the magnitude of the move after the pendant should be the same as the move going into the pendant. A second more ambitious price target for the fall would be at about 12.5cents (yellow line), this is the base of the pendant that will be discussed for long-term outlook.
Long-Term
Within the month or more specifically 5th August to end of August, I will attempt to forecast the price. On a longer scale look, a bullish pendant has formed (shown in yellow). After the completion of the short-term and mid-term price action, the bullish pendant will be complete. At this point, price will break-out from the pendant and move the same magnitude as the move leading into the pendant. (Please note that after the medium-term move, the price could range for a while, be it 1 day or 15days, be patient for the breakout). I believe the price after the breakout will increase to an ambitious target of 52.208cents. Always manage your positions, an initial take profit can be taken at 30cents for those that are more risk-averse.
This is my first time posting an idea on Trading View, if i'm missing anything or you believe something different will happen please let me know as i always look forward to feedback.
Long term Aussie IdeaIn June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue box's.)
For a nearly a year now, price has been consolidating between two levels - 0.7750 resistance and 0.7150 support (highlighted by red box.)
Right now I am neutral. I do expect price to reach 0.7750 very soon of writing this. Afterwards price can either break out of our 0.7750 resistance or it could reverse back down to the 0.7150 support.
If price breaks our 0.7750 resistance - I am bullish. First target would be 0.8050 - 0.8100 (300-350 pips.) This is due to the price in June 2015 failing to break our 0.8050 support turned resistance - creating a lower high (yellow box.)
Also if you apply a fibonacci retracement tool. From the low in January 2016 (A) to the high in mid April 2016 (B) - price has stalled twice at the 61.8% support level (C) first at the end of May 2016 and second at the end of the 2016 year (double bottom pattern). D1 extension -27% is 0.8100 which lines up nicely with the resistance levels mentioned.
If the 0.7750 resistance level holds and we see a reversal, I will be bearish. First target will be the 0.7150 support. If this support is broken - second target will be 0.6850 - 0.6900 as price has stalled at this area in late 2015. If price breaks this 0.6850 support, next target will be 0.6000 - 0.6250. This is because price found this support back in late 2008 / early 2009.
Also if you apply the fibonacci retracement tool from the high in May 2015 (A) to the low in January 2016 (B) - price has been stalling and failing to break the 61.8% resistance level (C). D2 extension -61% lines up perfectly with the 0.6000 support level.
My overall bias on this pair is BEARISH as price has been in a downtrend since 2013 and it is advised to trade with the trend - not against it. I believe the 0.7750 is a lower high level and price could see 0.6000 area creating new lower lows (if 0.6850 support is broken.)
Also fundamentals hinting USD strength in 2017 as there are rumoured rate hikes from the federal reserve which strengthen the USD which will cause this pair to fall in price.
Again we will have to wait and see what price does around the 0.7750 resistance. Break or bounce. Be patient and ready to execute either way.
JAZZ Long-term Trend ContinuationStrong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months.
Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That same level may be difficult to break; level is previous significant support level, so price may consolidate around $118 before breakdown to ideal target (large green rectangle).
Initial Target @ $118
Ideal Target @ 95-85
Stock has a lot of room to fall so it can break $85 when it gets there; needs time to work. High profit potential play.
NZD/USD LONG with a SHORT SAFETYEntry 0.73000
Simple price action for this one. Possible long with the first target at 0.74000 which is sitting on the weekly S&R and possible targets of 0.7600 which is resting on the monthly S&R.
A break of the second level of resistance will confirm the end of the downtrend and give me more confluence that the pair will continue its bullish movement.
The possibility of the current bullish movement correcting after its break of weekly trendline resistance isn't that strong after it already retested the resistance but best to be safe and so a short has been set up with an entry on the re-enter of the weekly downtrend and targets set by the monthly trendline support 0.70000
Review, comment & like and enjoy.
CHK Ascending Triangle PatternCHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart).
Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level.
If CHK can break $8.00, it can be a huge feast from there (possibly hit old $13 support level); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30.
However, outcome of earnings has potential to make or break chart pattern.
GBPCHF RSI Divergence (Long-Term)While monitoring the GBPCHF pair we have noticed a clear RSI divergence.
We will be looking at smaller timescales for additional confirmation of the move prior to placing any orders. Supports/resistances from previous structure are located at 1.25000 and 1.21500 levels
All feedback and comments are highly appreciated.
ANN Strategy Indicator 3.2 (Rebuilt By Kevin Manrrique)So I rebuilt the ANN Strategy with my own codes I added. It took me a long time to get this far, the first 2 weeks it wasn't repainting but then it started repainting slowly. Not hard like the original script. Please feel free to edit the script and post it at the bottom. Thank you everyone! I hope this script I rebuilt can help people! That's why were all here for, a community!
This script is meant to be use in hourly time frames!
If possible use with USD pairs.
Works great with news also!
//@version=2
study("ANN Strategy Indicator 3.2 (Rebuilt By Kevin Manrrique)", overlay=false, precision=777)
threshold = input(title="Threshold", type=float, defval=0.001, step=0.001)
largeTimeframe = input(title="Large timeframe", type=resolution, defval='D')
smallTimeframe = input(title="Small timeframe", type=resolution, defval='60')
PineActivationFunctionLinear(v) => v
PineActivationFunctionTanh(v) =>
(exp(v) - exp(-v))/(exp(v) + exp(-v))
ANN(input) =>
l0_0 = PineActivationFunctionLinear(input)
l0_1 = PineActivationFunctionLinear(input)
l0_2 = PineActivationFunctionLinear(input)
l0_3 = PineActivationFunctionLinear(input)
l0_4 = PineActivationFunctionLinear(input)
l0_5 = PineActivationFunctionLinear(input)
l0_6 = PineActivationFunctionLinear(input)
l0_7 = PineActivationFunctionLinear(input)
l0_8 = PineActivationFunctionLinear(input)
l0_9 = PineActivationFunctionLinear(input)
l0_10 = PineActivationFunctionLinear(input)
l0_11 = PineActivationFunctionLinear(input)
l0_12 = PineActivationFunctionLinear(input)
l0_13 = PineActivationFunctionLinear(input)
l0_14 = PineActivationFunctionLinear(input)
l1_0 = PineActivationFunctionTanh(l0_0*5.040340774 + l0_1*-1.3025994088 + l0_2*19.4225543981 + l0_3*1.1796960423 + l0_4*2.4299395823 + l0_5*3.159003445 + l0_6*4.6844527551 + l0_7*-6.1079267196 + l0_8*-2.4952869198 + l0_9*-4.0966081154 + l0_10*-2.2432843111 + l0_11*-0.6105764807 + l0_12*-0.0775684605 + l0_13*-0.7984753138 + l0_14*3.4495907342)
l1_1 = PineActivationFunctionTanh(l0_0*5.9559031982 + l0_1*-3.1781960056 + l0_2*-1.6337491061 + l0_3*-4.3623166512 + l0_4*0.9061990402 + l0_5*-0.731285093 + l0_6*-6.2500232251 + l0_7*0.1356087758 + l0_8*-0.8570572885 + l0_9*-4.0161353298 + l0_10*1.5095552083 + l0_11*1.324789197 + l0_12*-0.1011973878 + l0_13*-2.3642090162 + l0_14*-0.7160862442)
l1_2 = PineActivationFunctionTanh(l0_0*4.4350881378 + l0_1*-2.8956461034 + l0_2*1.4199762607 + l0_3*-0.6436844261 + l0_4*1.1124274281 + l0_5*-4.0976954985 + l0_6*2.9317456342 + l0_7*0.0798318393 + l0_8*-5.5718144311 + l0_9*-0.6623352208 +l0_10*3.2405203222 + l0_11*-10.6253384513 + l0_12*4.7132919253 + l0_13*-5.7378151597 + l0_14*0.3164836695)
l1_3 = PineActivationFunctionTanh(l0_0*-6.1194605467 + l0_1*7.7935605604 + l0_2*-0.7587522153 + l0_3*9.8382495905 + l0_4*0.3274314734 + l0_5*1.8424796541 + l0_6*-1.2256355427 + l0_7*-1.5968600758 + l0_8*1.9937700922 + l0_9*5.0417809111 + l0_10*-1.9369944654 + l0_11*6.1013201778 + l0_12*1.5832910747 + l0_13*-2.148403244 + l0_14*1.5449437366)
l1_4 = PineActivationFunctionTanh(l0_0*3.5700040028 + l0_1*-4.4755892733 + l0_2*0.1526702072 + l0_3*-0.3553664401 + l0_4*-2.3777962662 + l0_5*-1.8098849587 + l0_6*-3.5198449134 + l0_7*-0.4369370497 + l0_8*2.3350169623 + l0_9*1.9328960346 + l0_10*1.1824141812 + l0_11*3.0565148049 + l0_12*-9.3253401534 + l0_13*1.6778555498 + l0_14*-3.045794332)
l1_5 = PineActivationFunctionTanh(l0_0*3.6784907623 + l0_1*1.1623683715 + l0_2*7.1366362145 + l0_3*-5.6756546585 + l0_4*12.7019884334 + l0_5*-1.2347823331 + l0_6*2.3656619827 + l0_7*-8.7191778213 + l0_8*-13.8089238753 + l0_9*5.4335943836 + l0_10*-8.1441181338 + l0_11*-10.5688113287 + l0_12*6.3964140758 + l0_13*-8.9714236223 + l0_14*-34.0255456929)
l1_6 = PineActivationFunctionTanh(l0_0*-0.4344517548 + l0_1*-3.8262167437 + l0_2*-0.2051098003 + l0_3*0.6844201221 + l0_4*1.1615893422 + l0_5*-0.404465314 + l0_6*-0.1465747632 + l0_7*-0.006282458 + l0_8*0.1585655487
EURGBP SHORT-TERM POSITION AND LONG-TERN POSITION(03/03/2016) 18.11pm GMT EURGBP : With a cross of the daily trendline at around 0.77500, look to go long (remember to use the shorter time frames 30min,15min to enter). Looking at targets of around 0.79200 with a risk of a return to the WeeklyTrendLine at 0.77000. If price bounces off the Monthly trend parallel Channel, Short after confirmation which will come in the form of a 0.77165 break. Follow down towards the weekly support (0.70328 point). If the move is strong look towards a push to the support of the monthly trend parallel channel.