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Pairs

GBPSEK: The short opportunity of the Golden Cross.The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is always a sell zone on 1D, we are going short with TP = 12.2000 or once the 1D RSI touches 38.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
trading follows the same rules we use for life. Real Life Trading Philosophy - Watch out for that big truck in your lane!If you are driving down the road and a truck is coming straight at you, in your lane, do you stay in that lane or swerve across to the empty lane where you are not supposed to be? The rules are clear, you are not supposed to be over there. The system says don’t do it, but reality is an 18-wheeler coming toward you in your lane. Do we follow all the rules of safe driving, or do we adapt to the situation at hand? Survival is a function of adaptation. Reality rules. On the road, in the markets. The first rule of life is to survive; the second rule is that all rules can be broken if that supports the first rule. Take this as your trading philosophy. Day trading follows the same rules we use for life. Successful trading is the art of using knowledge (systems) at the right time. This means when it is time to use the system or rule, you check for an oncoming 18-wheeler. That is what thinking is all about. We do need systems of living and systems for trading. But it is not mandatory that you follow all systems exactly all the time (just 99% of the time!). The reason is that systems do not adapt to any new bits of reality. That is what our mind is for, to observe, to record, to note changes, and then to develop an optimum use of the system. simpletradingrules.com
NASDAQ:QQQ
by DORMAN5
CADCHF: Sell opportunity (short/ medium/ long-term targets).The pair has been trading within a long term 1W Bearish Megaphone (RSI = 54.429, MACD = 0.000, ADX = 24.402, Highs/Lows = 0.0014) since February making Lower Highs but more importantly wider Lower Lows. We are currently on the Lower High zone and traders who want to sell on the medium and long term can aim at 0.73620 and 0.72700 respectively. On the short term 1D has been a Rectangle (RSI = 57.232, MACD = 0.002, Highs/Lows = 0.0005) since early September trading within 0.75650 - 0.74350. Short term traders may sell with 0.74350 as their target. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
AUDCHF: Lower Buy opportunity on the short term.The pair is approaching the 0.66520 4H Support on a 4H Ascending Triangle (RSI = 46.715, MACD = 0.001, Highs/Lows = -0.0012). This neutral short term price action is ideal for buying on the Buy Zone (illustrated on the chart) and taking profit on a Higher High. Our projected target is 0.68100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
NZDCAD: Sell opportunity within a 6 month Channel Down.The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and followed with a marginal cross above the 1D MA50 (light blue trend line) as it priced the Lower High. We expect a similar price action this time as well, so be ready to short the cross with a potential Target Zone of 0.81000 - 0.82000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
CHFPLN: Long opportunity within a 1D Rectangle.The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if the previous bottom is repeated). Our Target Zone is 4.04000 - 4.05500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
EURSGD: Sell opportunity on recurring pattern.The pair has been trading within a 1M Channel Down (RSI = 40.510, MACD = -0.011, Highs/Lows = -0.0132) since the start of the year. Recently is has been following a previous pattern within the Channel Down that calls for a bearish extension. We are taking this sell opportunity to aim near the 1.4810 Support. Attention is required and readiness for an early exit as this levels has been holding since November 2015. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
CHFJPY: Buy opportunity on Double Bottom.The pair has been trading within a 1W descending channel for most of the year (RSI = 40.168, MACD = -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
NZDUSD: New Low expected.The pair has been trading inside a 1D Channel Down since early April (RSI = 34.711, MACD = -0.003, Highs/Lows = -0.0013, B/BP = -0.0056). On Monday we had a new Lower High rejection at 0.65600 so the Channel should now push for a new Lower Low. The 1W Support Zone is at 0.64363 - 0.64240. Our sell target = 0.64500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
Pair Trading Idea DUK/XELDUK and XEL have a 84,3% correlation over 60 market days. Applying some of the most popular indicators on the pair DUK/XEL shows an interesting pattern. While XEL has been clearly outperforming DUK since several weeks, a trend reversal seems to occur. DUK might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI . The setup is worth being given a shot: Short XEL, Long DUK . The strategy is market-neutral and is profitable when DUK starts to outperform XEL. Follow me to get regular pair trading ideas!
NYSE:DUK
by Tradehelden_EricLudwig