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Moving_average

USD/JPY Profit Target achieved 300pipsBasically this was a wonderful trade cause it was easy to identify, i will break down as follows: So we had a nice continuation to downside until we saw huge bullish volume pushing price high cause of the positive CPI which indicate likelihood of interest rate high. So with the volume and break of neckline of the structure we see a nice indication of change of trend as show below After breaking structure we saw price retrace to fib level 50% level which respect the triple bottom support and spike of huge bullish momentum this gave a clear indication of new highs so we waited for price to retrace to the neckline and entry for a buy to next liquidity level which is close to -0.27% If you guys love this breakdown leave a comment below
Long
by ShinForex1
NZD/CHF SELL SETUP !!!Basically when you look at price action we see price is consolidation on the Daily timeframe support level, Despite weakness on volume , structure in lower timeframe like H4 and H1 stills show market structure to downside. So basically we have two areas for look for a rejection one @ the 31.8% fib level which is in confluence with previous support now resistance Rejection two @ 61.8% fib level which is potential maximum point to grab liquidity to break down the daily support Nice risk to reward Follow me for more breakdowns like this
Short
by ShinForex1
FSLY - Could betTurning the cornerFSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon news" remains to be seen. What is more important is that the longer term price recovery is likely to be underway owing to how the stock has been behaving: 1. Rounding base has been forming in the last 9 months with its 200 day MA slowly flattening out 2. Went above its 200 days Moving Average since above 2 weeks ago (dipped back below only briefly ) 3. Golden Cross approaching 4. The huge volume and gap up on 13 Feb could be a potential breakaway gap (though we can only confirm on hindsight). Unless earnings disappoint greatly and send the stock crashing badly again, it could be time time to accummulate on near term dips, especially if it can hold above yesterday's candle low @ 12.16. (sign of strength if it it does not dip below here, no go it dips sharply below) However, being a penny stock, % movement can be huge (both ways) hence suggest not to not oversize in order to withstand volatility with trailing stops catering to least 10% - 12% pullbacks. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:FSLYLong
by Juliac
2
CADCHF: potential long moveHere is my view on CADCHF- 1.A long position can be made now as we broke the DTL and now price is retesting it again + 4H 50EMA. It is riskier because the price has not yet broken the daily 50EMA and the current resistance zone (~0.69200), but it gives a slightly better entry for a long position 2.If you want to be more conservative, just wait for a breakout of the current resistance zone and Daily 50EMA and the retest of it for entry Here is how daily looks like:
Long
by JivkoXristov
Moving Average Method SPY OptionsSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Bars on far right are volume shelves, the ones that stick out furthest left are also support and resistance spots. Happy trading.
AMEX:SPY
by kwiktrip
2