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Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2
Bullish Move Upward by BTC!This is definitely going to be one of my shorter post, but I do want to mention that BTC is looking really good right now. Positive sloping 5-Day Moving Average, extremely bullish ichimoku, and most importantly, BTC has finally crossed it's yearly VWAP!!! Daily time frame is looking decent as well, we should go to 12k before seeing some resistance and falling back down to the 50 MA, and although uptrend not confirmed, I wouldn't bet against BTC right now. Just my 2 cents.
COINBASE:BTCUSDLong
by croganm
GBPAUD >> Triple Max // Looking for a Short Entry (Ichimoku)Goodmornng traders, This morning I found very interesting this pair. Let's start from a weekly chart, where I found a triple max ( >> where the arrows are), and a triple refuse from prices to break that level up. So, today I'd like to look for a short entry, maybe up to the weekly Kijun (>> which could be our very first obstacle on this timeframe). Let's go on with the daily chart. This timeframe is very interesting, even without Ichimoku. 1 >> We can see the higher resistance, which was broken on the daily chart, so that could have created bullish expectations, but then prices start to come down. This is due to the fact that the resistance was given from a weekly chart, so that level couldn't be considered as broken since the weekly chart didn't decide so. 2 >> Now prices stopped on a support created from price action ( >> See arrows), resistance before, now support. On this timeframe we are on an uptrend (>> still), while the phase is bearish ( >> You can see it by all those red candles). Can you see it? This is the trend. This is the phase. We can understand it's not a phase anymore, when it goes to break the previous lows. Now let's use Ichimoku. Cool, it confirms what I was saying, and it proves it by the Kijun Breakout ( >> Which means prices are loosing their bullish power, and maybe they can start a bearish trend). Let's see a H4 chart. Here we can see ore details about the move. 1 >> Higher highs, with the last correction ( >> Outside return) which doesn't mind and breaks everything out. 2 >> Ichimoku is broken out by prices. 3 >> Prices calm down, and slow on the support given by the Daily price action, and we have a reminder about is, given by the SSB. Let's look for an entry on the 15 min chart. Here we can see how prices have slowed down, not having a real trend in this moment. Ichimoku also says the same, with flat Kumos. What I want now it a breakout of this flat movement, with a retest - if possibile - of this one, so I might say we have to wait a bit :-) >> Leave a Like if you agree. >> Tell me what you thing in the comment below.
Short
by MartinaAndreaProvenzano
3
AUDCAD Bullish PotentialBullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe. 1) Never risk more than 2% of your account. 2) Try to be motionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Long
by InvstingWise