Trade Ideas Position: EURJPY 5-0PatternA 5-0patterns has set up for a ranging trading opportunity. I'm waiting for a 3-bar reversal to engage this trade.
Ranging
USD JPY rangingranging with large whicks, potential for buy ot sell, though a but seems more likely in the symmetrical wedge.
Short term sell. longer term buy
usdjpy is a shortA wedge has formed on the daily. seems like we are close for a breakout.
On 15 min chart we see ranging, below the 50 and 20 SMA's. Likely to be a short. Wait for confirmation.
GBP USD Long first then shortWe are looking at GBP USD where a swap zone has been broken through with good momentum and a close above the zone.
Bullish are looking to take us to 1.25 - however the market is slow thus far today.
If price holds above the zone, then continuation will occur.
Looking to short from 1.25 supply zone.
Let us see what happens.
Thanks,
Team Lupa.
ETH Stuck until Bitcoin's HalvingGiven the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of alt-coins, is going to get swept upwards with Bitcoin sometime very soon.
These support/resistance levels have historically been quite strong, but given how tight the space is between them and the current market conditions, we wouldn't be playing the range game here. Don't place your bets just yet, but definitely get your coins ready to go at a moments notice! Expect a pump from $190 in the coming few days!
Trade Ideas Educator: CADJPY BatA Bullish Bat pattern appears on a ranging market. Right now CADJPY does not have a distinctive trend. I will observe how the candle forms up to decide if I'm going to engage this trade.
NASDAQ range (short)Here is our outlook for NASDAQ today, expecting a retest of the zone before shorting again.
Using the 30 min chart shows a good strong downward engulfing candle. And now a retest to exhaust the sells. Overall the trend is down so we will only scalp a pullback but pay attention to the key level highlighted on the retest zone.
cadjpy CADJPY is in a ranging atm. Price came to daily demand zone (blue), broke and retested a newly formed 4hr demand zone (yellow). Looking for price to come back to 4hr demand and bounce off the refined 15min zones to look got longs.
Also I will be looking for short as well incase the price doesn't come back to demand, I'll be looking to short around the 83.5/83.4 area as there's a supply zone as well.
GBPUSD-Weekly Market Analysis-Feb20,Wk1While many traders see the bullish side of GBPUSD, I do see the possibility of a bearish movement.
Introducing the ABCD Pattern. At Point D completion and with RSI at the Overbought area set in for a selling opportunity. All is needed is a confirmation candle that will set in at 10 am (+8GMT) to see if it will be a valid trade for me. Are you ready?
I can't wait for Monday.
GBPUSD - Looking for BreakoutHi Traders,
The market is ranging between the resistance at 1.29750 and the support at 1.28100.
Now the market is ranging between the two areas.
We want to see a breakout:
If the market breaks out higher, our TP-Levevl would be at 1.31700.
If the market breaks out lower, our TP-Level would be at 1.25700.
We recomment to trade the breakout!
Thanks and good luck :)!
Bitcoin Volatility Is Back!This past week I had an idea about a new way to tell when market is trending or ranging. This lead to the creation of this tool, which is stills on progress.
Green dot represents when that day has been volatile, while the red dot the contrary.
This is based on real-time data, so no lagging. While this is good, it also adds noise which prevents to measure the long term condition of the market. To counter this, I added a condition where when X days have been red, then we can more firmly agree that the market is ranging. This is represented when background is red.
This is how the entire chart looks like:
In another note, I published this the other day:
On it, I mentioned two things:
1 - The market is still neutral, which now is not.
2 - No long signals at the time, and looking forward to now, we just had a big drop, so this validates the reliability of it.
I don't usually post ideas, but if you take a look at my previous ones you can observe a very high win rate. The one below is my best prediction by far.
We take pride in our work at Quansium.
Possible Range TradeOANDA:AUDCHF
4 hour chart
I am considering a possible short opportunity for the AUD/CHF as it bounced from previous resistance of 0.6655.
I am looking at an entry around 0.6640 with a take profit of 0.6540 and a stop at 0.6675
EUR/AUD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/AUD .
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: Weekly is bullish.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the h4 timeframe we draw the counter trendline as well the support and resistance areas.
Have a nice day.
Symmetrical triangle in BPCL!!! & updating earlier Idea
earlier idea
BEAR BELOW--340
BULLS ABOVE-400
now BPCL is ranging and formed symmetrical triangle
can trade or add more on breakout of long side till say above 340
if breakdown then go for short
BTC/USD Ranging waiting for a breakoutLooks to be ranging for now until it can get momentum to breakout the current wedge its in.
NZDUSD: When in doubt stay out. I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to.
There may be opportunities on 15 min time frame, which I'll be tracking.
GBPUSD - Ranging MarketAfter the high sell pressure on Friday the market will range.
We expect the ranging between 1.25800 and 1.26100.
Alternative:
It bounces back until it hits 1.26500. Then it'll range between 1.26500 and 1.26100
Good luck!
GBPUSD - Potential Downtrend?The resistance at 1.26681 becomes weaker and weaker.
Maybe the market is making a new trendline? (blue lined)
It gets support of the 200 MA too!
Still we wait and we are neutral.
Will it brake 1.22681? Leave a comment!
Best wishes!
GBPUSD - Ranging in TrendThe market is moving in a big uptrend with a short consolidation.
Now it continues its uptrend and will move between the main points 1.2748 and 1.26681.
We recommend not to place your TP/SL under/over the main points.
Best of luck!
Ranging FCPO. Which price level you should keep an eye on?In 1 hour chart FCPO considered ranging. Here are support & resistance levels worth your attention : 1994 support level and 2116 resistance level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
