NZDJPY - Falling Wedge Breakout - Bullish ReversalOANDA:NZDJPY has broken a falling wedge, which is a bullish reversal pattern. Bullish divergence can also be seen at the last 2 lower lows, indicating imminent bullish price action!
M-oscillator
Swing Trading a Marijuana Penny Stock OGI LongOGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does
have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of
day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one
lot of shares while the red arrow is to sell a lot. The lot size can be number for example
1,20,50, 100. consistency helps the strategy.
There are seven trades taken, three are completed while four are open. The three completed
trades average 2.5 to 4 % daily return and compounding when the cash returns from
settlement or new cash is deployed while awating settlment. There is no need for
margin. The options strategy yields more than 10% per day for capital deployed into
call contracts. The mass index indicator is used in lieu of a set of moving averages.
The dual time frame RSI looks for an early warning of a reversal with bearish divergence and
the faster RSI < slower RSI while the linear regression line in a reversal goes to a zero slope
before becoming downsloping.
This is an easy strategy with very little time and effort involved that can be scaled
once experience and results demand it.
This is an effective strategy to grow a small account in a short time. For those with significant
math skills or who know how to use a scientific calculator. Calculate the number of trading days needed to 10X initial money when the account balance is compounding each session and the compound rate is 2%. ( This strategy will compound an account 2% per trading day if 65%
of the account balance is in trade at any time with the remaining 35% settling or waiting
in cash for the next trade- I have done this several times with a few mentees.) ( Post your
result and I will private message you the calculation)
USDJPY Analysis: Shorting Opportunity Ahead- Timeframe: Weekly chart shows RSI Divergence
- Trade Bias: Shorting opportunities favored
Analysis:
- Weekly Chart: RSI Divergence signals potential reversal
- 4-Hourly Chart: Waiting for retest of previous resistance at 151.74 for short entry
- Combo Trade Strategy: Stretching targets for lower risk and higher returns
Combo Trade Strategy Explained:
- Definition: Trade management system to extend targets for enhanced risk-reward ratio
- Benefits: Lower risk exposure, higher potential returns
Trade Plan:
- Shorting opportunities identified on USDJPY
- Entry upon retest of 151.74 resistance level on 4-hourly chart
- Utilize combo trade strategy for optimized risk management and profitability
Additional Insights:
- Trading strategy not limited to shorting USDJPY; open to opportunities aligning with trading strategy
- Flexibility in trading approach across multiple currency pairs
Final Thoughts:
- Market dynamics are not constrained by directional movements of specific currency pairs
- Focus on trading opportunities presented by price action and technical indicators
- Adaptability and versatility are key to successful trading in dynamic market conditions
💡 Your Thoughts?
What are your views on the potential shorting opportunity on USDJPY? Share your insights and trading strategies in the comments below!
👍 Like if you appreciate this analysis! Remember, always conduct your own analysis and manage risk responsibly. Trading involves risks.
Enact losing volume, with price in overbought extreme levelWe can see that the volume is decreasing, while price is rising, suggesting a decrease in demand.
ACT chart also show us a negative divergence, when comparing price with ROC.
The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and now it finally got it.
Shitcoin season ETA is near.Weekly Chart:
Fusiongap (50/15) indicator histogram is in positive again, with the red oscillator about to cross the green oscillator.
Ichimoku cloud flipping green again.
Keep3rV1 KP3ROn the above 3-day chart price action has corrected 96% since the sell signal (not shown) @ $1500. Now is an excellent moment to be long. Why?
1) A strong buy signal prints (not shown).
2) The strong signal also prints on the BTC pair.
3) Regular bullish divergence . Lots of it. This divergence is measured over 40 days.
4) Price action and RSI resistance breakouts.
5) Nudge nudge wink wink.
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Divergence in GoldAfter #ATH in NCDEX:GOLD , we see a weak divergence in the time of 15 minutes, which we can enter with the lowest risk in the opposite direction of the upward trend.
be careful!!!!
MARA flag breakout upward, testing 38,2 fiboAfter decreasing volume a flag was created, where price tend to stop in the EMA, and today we get a breakout with volume rising.
This candle is also breaking the resistance that was created before by the pattern, after being crossed.
After the flag breakout the RSI rise above 50.
We can see the Fibo, and the buyers are pushing the 38,2%, with a possible upward trend.
AUDNZDThe price seems making Higher Lows but RSI indicator shows indication of Bullish Divergence. Shall the price travel above $1.0600?
How to tell if a Head & Shoulders pattern is voidThere’s been a number of messages today informing me of the lower time frame head and shoulders pattern.
Traders are sometimes caught out with falsely identified head and shoulders patterns, and then the market runs in the opposite direction of that expected as the error is realised causing a energetic surge in price action as traders closes short positions.
How do you identify valid from void?
The last lower time frame (12hr examples used here) head and shoulders pattern printed in March 2022. There was a couple of leading indications this neckline would confirm as resistance at the time of the breakout:
1) RSI confirmed failed support (black circle)
2) Stochastic RSI is crossing down 80. Very bearish.
12hr head and shoulder March 2022
Now lets look above on the current 12hr chart (main chart)
1) RSI resistance is failing, a breakout is evident.
2) Stochastic RSI is crossing up not down! Very bullish.
There you have it. While many traders identify the price action of a head and shoulders pattern in isolation it is an expensive error to ignore what the oscillators are doing at the time of the print.
In almost all of the ideas published by Without Worries, if you look udder the main chart idea you’ll notice “Oscillators” as one of the selected indicators for use in the study. Now you know why!
Ww
StaFi (FIS) - bullish divergenceOn the above 2-day chart price action has corrected 70% since February. A number of reasons now exist to consider a long position..
Firstly, was asked about my thoughts on this one. It is bullish. Here’s why:
1) Price action and RSI resistance breakouts.
2) Regular AND hidden bullish divergence, don’t often see that. 10 oscillators are currently printing positive divergence with price action. Latterly hidden bullish divergence is printing as 1) price action prints a higher low and 2) stochastic RSI prints a lower low.
3) Support and resistance. Look left, blue circles. Price action is on strong support.
4) The bull flag breakout. The flagpole measures a 220% return from current levels. Sound good?
Is it possible price action continues to fall? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <2%
Timeframe for long: act now
Return: 2x
Dimitra (DMTR) - 40x opportunity** warning - low market capital $10m - high risk **
Happy with the risk? Read on…
On the above 2-day USD (left) and DMTR / BTC charts price action has corrected 90% since late September. Now is an excellent time to be bullish. Why?
1) The ‘Incredible buy’ signal prints on both pairs.
2) RSI resistance breakout on the dollar chart and with confirmed RSI trend reversal on the BTC pair. Excellent.
3) Regular bullish divergence. Lots of it. Both charts have multiple oscillators printing bullish divergence.
4) Volume. I don’t know why, since late January lots of volume. Someone knows something I don’t.
Although the 1-year of data I would normally like to see is not available, the project seems rather interesting. A number of blockchain solutions disrupting farming economics. From their site:
“The platform integrates a series of advanced technologies that provide farmers with actionable data that fundamentally improves their operations across several financial and sustainability metrics.”
Is it possible price action falls further? For sure.
Is it probable? Very unlikely.
Remember, 3-6 months at least, patience is required!
Good luck,
Ww
VYNE, going upward after a congestion areaAfter a downward breakout on the support, the price went to the lowest lower of 1.67. However, buyers went strong and rise the price.
During almost 1 month, the price was in a congestion area, and sellers try again to break the support, and they failed with strongers buyers, making a three white soldiers, and crossing the congestion area.
This area was crossed and ended with a doji, and a day after the price opened above almost 5%.
We can see the strenght of ADX increasing as well as DMI+, and the opposite for DMI- that is decreasing.
We can also see that after the breakout, the price comes again to a 10-EMA, that was the top of the congestion area.
The volume increased a lot during the breakout of the congestion area.
CADJPY Update: Buying Opportunity IdentifiedTrade Setup:
Pair: CADJPY
Entry: Buy Limit at 111.16
Initial Stop-Loss: 110.84
Risk Exposure: 32 pips
Analysis:
Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market.
Trade Management:
- Buy Limit: Set at 111.16 to enter the market at a favorable price.
- Stop-Loss: Positioned at 110.84 to manage risk exposure.
- Risk Comparison: By using a Buy Limit, I'm limiting my risk to 32 pips, compared to traders entering at the current market price, who face 48 pips of risk.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Are you also eyeing CADJPY for a buying opportunity? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Stay tuned for more trade ideas and analysis. Trading involves risk, so be sure to conduct your own analysis before making any decisions.
✴️ Tariq Glass Entering New Long-Term Bull-MarketTariq Glass is currently maintaining its support level at 98 for the past week, representing a 38.2% Fibonacci retracement from the 106 level. Additionally, the stock has reached the breakout level of a descending trend line, signaling a robust bullish breakout. Furthermore, it has surged above the EMA50 indicator in the ongoing session. Consideration of long positions is advisable within the range of 100-98. Following the breakout from the trend line, the initial target is positioned at 104, with a secondary target at 106. Conversely, in the event of a downside breakout, employing a stop-loss strategy at 95 is recommended to mitigate risk exposure.
Potential XMR trading OpportunitiesRight now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the chart.
Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
Litentry (LIT)On the above 3-day chart price action has corrected over 90% since April 2021. Today is great long opportunity. Why?
1) A strong buy signal prints (not shown).
2) Price action / RSI resistance breakouts.
3) Weekly BTC pair reclaims the 21-week EMA bull market support.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: $2.15 is the first target
Hidden Divergence in EURJPY H1As we can see, chart is making HL in trend and in Awesome Oscillator, making signals for continuing uptrend.
It is HIDDEN DIVERGENCE, and we can trade in the trend for long position.
May expect for a new uptrend rally after price reach enough liquidity from support level.
CAN ANYONE FIND MY DOUBLE BOTTOM?Double bottom with fixed range. Using 1.5 RISK REWARD RATIO measuring BREAKOUT. The price Target reads $69.194 but may not end there, could be a little lessor or more, I will be evaluating.
TWO LOWER LOWS with regression trends showing guidance. MA averages included.
FYI: This does not mean it's all uptrend, may be accompanied by some dips.
CAN YOU FIND MY DOUBLE BOTTOM?
SOUN, Losing Strength (?)After trading range during November and early 2024, an Upward Gap started a new upward trend.
This trend with 2 tops, and 3 bottoms, broke the trendline below, making a doji after that, and today a lower bar
The ADX is losing strength, and it looks like DM+ and DM- are changing positions.
As a confirmation we can see the OBV and the price, that the higher high of these factors are not in convergence.
MNY a penny stock from Asia catching some buying volume LONGMNY is a penny stock from Singapore on NASDAQ. With its volume and volatility spiking and a
90 % jump in the past month. It got my attention. For penny stocks and NASDAQ requirements,
getting over $ 1.00 is important for several reasons. MNY did it well. I will take a small position
in this risky play expecting a great return over the near and intermediate term. If you like
PYPL SQ or SOFI but need something with some better volatility to get try to capture
some quicker profits this might fit your need.
OG WHALE TREND kept on a leash! Possible halving in the near future: View blue waves. Price action. Moving Averages. OG whale trend indicates a possible dip soon. No where soon since it’s a 7D TF. Vertical lines Connected with OG whale trend based on movement.
5.39% is most recent whale purchase. Changes by percent within seconds. This is how I know in real-time if price was to fall.
FBB means FULL BLAST BULLISH
Bullish divergence on Bitcoin BTCThe pullback looks to be coming to an end. The downtrend is getting weaker, which can be seen through the bullish divergence.
There might be another lower low, or not.
Most probably, the next uptrend wave will start soon
