GBPAUD H4 LONGS GbpAud has completed its downtrend. Price broke the December 13 low @ 1.74254 and made a new low on 7 Jan @ 1.74126 which now acts as new support. Price has since been getting rejected from the lows and momentum moving price upwards. Price broke key resistance @ 1.75000 and pull backed testing this restance turned support. Market closed with a bullish candle forming in H1 coming from a reversal. H4 candle closed above 1.74900 which will lead to price trading above 1.75000.
buy @ 1.74860 - 1.75000
buy stop 1 @ 1.75020
buy stop 2 @ 1.75180
buy stop 3 @ 1.75632
buy stop 4 @ 1.75900
SL @ 1.74600
Tp1 @ 1.75780
Tp2 @ 1.76340
Tp3 @ 1.77271
Tp4 @ 1.77891
Momentumstrategy
Target Price Hit!Target price hit at around $58 With Double Top Pattern
This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Pullback retest low of around $51.17, and then breakout above $53.20, still too early to determine. It may become a double top pattern too."
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to close at $54.28 as of the market close of January 7, 2021. On January 8, 2021, another bull gap in the morning open at $57.76 and quickly rushed to a high of the day at $59.31. The stock closed at $58.92 based on the market close of January 8, 2021, per Yahoo Finance.
The charts above are available to compare the stock performance on January 7 & 8, 2021, to my first chart interpretation on January 6, 202.
Discussion
This concludes a go long trade 2 days pattern. That is around 15.41% of capital gain in 2 days. The stock of NIO Inc. with the symbol NIO also formed a double top pattern. This may be a go long continuation pattern or a bearish reversal pattern. That is for another discussion.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
What can we expect from the Index?Today we will analyze long and short scenarios on S&P500 Futures.
Let's start with the Daily Chart:
a) Here, we can see that the next relevant resistance zone is the higher trendline of the Daily Wedge (3850-3880)
b) That's our Final target for the current impulse (meaning that we wait for a corrective movement, proportional to the current bullish trend)
Now we will analyze the 4hs chart:
a) The price its on the edge of an ascending trendline
b) Another relevant item is that the price is moving on an ascending channel, showing some weakness of the current trend
c) We think the most likely scenario its a bullish continuation from current levels 3660 towards the upper trendline of the ascending channel
d) However, we are ready in case of a reversion. IF the price reaches the red line, we will wait for contact on the support zone + pullback. If that happens, we will develop short setups below the pullback with a target at 3300
$HUSN can rise in the next daysContextual immersion trading strategy idea.
Hudson Capital Inc., through its subsidiaries, provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,46;
stop-loss — $3,13.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Short term opportunity on ADBE Today, we will show a bullish setup we have seen on ADBE.
a) The price has broken a major Descending structure
b) Now it's above a resistance zone
c) We can see a corrective structure on the mentioned resistance zone
d) If we have a breakout on the Green line, we will consider the analysis active / The same scenario for the red line (Invalidation of the analysis)
e) The TP1 area can be used to close the setup or move the stop loss to break-even (that is what we will do)
f) We are aiming for a final target at 533.10
g) This setup can provide a Risk Reward Ratio above 2
h) We expect a resolution between 10 to 20 days
The bullish movement keeps pushing / VISAToday, we will show our analysis and setup we are currently taking on VISA
a) There is a clear zone that the price had troubles to break (All time high zone)
b) Yesterday, we saw a new breakout of the zone after sideways movement from September
c) We have opened positions after the breakout of the last corrective structure
d) Our Entry level was above B (check the link to related ideas to see how we trade this type of structures) / Stop below C and Take Profit on the Fibo extension
e) We are taking the risk of 1% on our Capital
f) We expect a resolution of 30 - 45 days on this setup. The Risk-Reward ratio is 1.5
$LPTH can rise in the next daysContextual immersion trading strategy idea.
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,80;
stop-loss — $3,40.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$USIO can rise in the next daysContextual immersion trading strategy idea.
Usio, Inc., together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,16;
stop-loss — $1,96.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$RNET can rise in the next daysContextual immersion trading strategy idea.
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5,53;
stop-loss — $5,19.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ELOX can rise in the next daysContextual immersion trading strategy idea.
Eloxx Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on developing novel ribonucleic acid modulating drug candidates for the treatment of rare and ultra-rare premature stop codon diseases.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,16;
stop-loss — $3,10.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ATXI can rise in the next daysContextual immersion trading strategy idea.
Avenue Therapeutics, Inc., a specialty pharmaceutical company, acquires, licenses, develops, and commercializes products primarily for use in the acute/intensive care hospital setting.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,29;
stop-loss — $4,77.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$PHUN can rise in the next daysContextual immersion trading strategy idea.
Phunware, Inc., together with its subsidiaries, provides multiscreen-as-a-service (MaaS) enterprise cloud platform for mobile devices worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,24;
stop-loss — $0,87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$MFH can rise in the next daysContextual immersion trading strategy idea.
Mercurity Fintech Holding Inc. engages in the design, development, creation, testing, installation, configuration, integration, and customization of digital asset infrastructure solutions based on blockchain technologies in the British Virgin Islands.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,43;
stop-loss — $3,01.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$DTEA can rise in the next daysContextual immersion trading strategy idea.
DAVIDsTEA Inc. operates as a retailer of specialty tea in Canada and the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,36;
stop-loss — $2,05.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ABUS can rise in the next daysContextual immersion trading strategy idea.
Arbutus Biopharma Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of a cure for patients suffering from chronic Hepatitis B virus (HBV) infection in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,97
stop-loss — $4,25.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$GMBL can rise in the next daysContextual immersion trading strategy idea.
Esports Entertainment Group, Inc. operates as an online gambling company in Canada.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,25;
stop-loss — $5,50.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$NSCO can rise in the next daysContextual immersion trading strategy idea.
Nesco Holdings, Inc. provides specialty equipment, parts, tools, accessories, and services to the electric utility transmission and distribution, telecommunications, and rail markets in North America.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,69;
stop-loss — $5,67.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$XIN can rise in the next daysContextual immersion trading strategy idea.
Xinyuan Real Estate Co., Ltd., together with its subsidiaries, engages in residential real estate development in the People's Republic of China, the United States, and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,69;
stop-loss — $2,48.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SLRX can rise in the next daysContextual immersion trading strategy idea.
Salarius Pharmaceuticals, Inc. a clinical-stage biotechnology company, develops epigenetic-based cancer treatments.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,17;
stop-loss — $0,95.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Clear bullish Strenght on the Market / MASTERCARDLet's see why we expect more bullish pressure coming on the market based on technical items.
a) The price made a new ATH in September 2020, and after that, we observed a Massive Corrective structure. (This type of structures can tell us about the Accumulation process going on)
b) In November, we observed a breakout of the Massive corrective structure
c) Now, after a month of the breakout, we can see a minor corrective structure on the edge of the previous one
d) Based on the current levels and structures, we expect a continuation of the bullish movement IF the price breaks above 354 (Above the previous All-time high)
e) Our Targets are 375.98 as the first level and 402.18 as the second level.
f) IF the price goes in the expected direction, we will wait for a 50 days resolution.
$RIGL can rise in the next daysContextual immersion trading strategy idea.
Rigel Pharmaceuticals, Inc., a biotechnology company, engages in the discovery and development of small molecule drugs for the treatment of immune and hematologic disorders, cancer, and rare diseases.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,71;
stop-loss — $3,19.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!