Newstrading
$RESN Chance To Break Previous Highs?Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance
"Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are designed. Yesterday, it announced that it had reached an agreement with radiofrequency and module provider Murata Manufacturing Co." *
About RESN
Resonant Inc is a late stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for mobile device industry.
SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
FTMBTC Breakout | Bullish News Idea Idea is Very clear with 4 hour closing
possibilities that we can touch 100 ema and try to settle above but no one here to give money
so people trying to hold this level just because we are just retraced from breakout or above the Trend line
after closing of 4 hour candle direction is very much clear
CAD basket trading the news 08:30 CAD GDP (MoM) (Jun)A basket forex trade is an order to buy or sell a group of currency pairs simultaneously with the intention of betting on the potential of one single currency. Basket trading is essential for institutional investors and investment funds who wish to hold a diversity of currencies without holding negative correlated positions in the market. By using a Basket Trading methodology you can focus your brains on predicting and assessing the technical and fundamental feasibility of a single currency while still hedging risk by diversifying with all major currency pairs.
basketforex.com
A Spy Movie in the making just might pump this stockIf you haven't heard the news of form CEO of Overstock stepping down because he's blowing the whistle on deep state operatives who were attempting to blackmail Hilary Clinton, Rubio, Cruz and Trump during 2016 Election. I see dump maybe being from a panicked insider, but other than that the chart looks healthy and is bouncing back nicely. There could be more upside in that the company is gonna get a lot of free press probably for several months as indictments of these bad actors start to roll.
GBPAUD SS Post News/Type 1 Short + 155 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Post News/Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.7825
Stop = 1.7845
Risk = 20 pips
Profit target = 1.7670 ( The projected daily low )
Reward = + 155 Pips
RRR =7.75 -1
2nd Entry = 1.7756
Stop = 1.7781
Risk = 25 pips
Profit target = 1.7670( The projected daily low )
Reward = + 86 Pips
RRR = 3.44 - 1
** Please note that UK Retail Sales will be released at 4:30 am est. and will directly effect this trade
I would appreciate if you leave a comment and a like as a thank you
Allen
EURJPY SS Post News Long Trade + 71 Pip PotentialWe had a good push up on the Eur pairs on ECB rate decision and Press conference. This pair has now gone into a consolidation between 121.376 (High) and 120.976 (Low). Moreover, it is now above the 60 and 15 clouds, as well as the 60 KS and 15 KS
Entry = 120.99
Stop = 120.79
Risk = 20 pips
Profit target = 121.70
Reward = +71 Pips
RRR = 3.5-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like as a thank you
Allen
GBPJPY Post News Trade Short +100 Pip PotentialWe had a good push down on the JPY pairs on political tension arising and this pair is now over extended. Moreover, it is now below the Daily, 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 135.50
Stop = 135.70
Risk = 20 pips
Profit target = 134.50
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
EURAUD Post News Long + 60 PIp PotentialAUD weaken significantly after the Monetary Policy meeting minutes were released. So lets take advantage. This pair has now gone into a consolidation between 1.6418 (High) and 1.64068 (Low). Moreover, it is now Above the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 1.6408
Stop = 1.6388
Risk = 20 pips
Profit target = 1.6468
Reward = 60 Pips
RRR = 3-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
Be aware that ECB President Draghi is scheduled to speak at 4am EST. and that will directly effect this trade
GBPJPY NEWS Short + 100 PIp PotentialAlthough, I am not a big fan of taking trades late in the US Session, This news trade is a good one. That said, please use appropriate risk management as the spreads tend to expand considerably late in the US Session into the Sydney Session.
We had a good push down on the GBP pairs on UK Brexit news and this pair has now gone into a consolidation between 137.73 (High) and 137.564 (Low). Moreover, it is now below the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 137.72
Stop = 138.02
Risk = 30 pips
Profit target = 136.62
Reward = 100 Pips
RRR = 3-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
AU: Holding Neutral ahead of RBA DecisionAU remained neutral ahead of RBA decision - closing below .6935 resistance -- A retrace to .69650 could be in the picture before cut talk; My view remains to short and should remain bearish under .70000 price point. AiG Manufacturing news out soon will help set the tone heading into the week...
Support Levels: .68950, .68650, .68250
Resistance Levels: .69350, .69650, .70000
*Not Professional advice, just my viewpoint.
Let me know what you think!
-Krecioch
XAUSD LONGGold trade, Gold is looking fairly nice at the moment with there been recent news that could influence the value of the dollar to fluctuate which could cause a rise in Gold spot. However, we still use technical analysis to back our fundamental analysis, because there's no guarantee the market will go in our desired direction, please don't take this as financial advice, this is just my opinion of what could happen in the market. IT'S NOT FACTS.