Reversaltrading
HOW TO trade USDCAD reversals 💵🍁We have an alert for a sell on USDCAD.
Trading on the 30M timeframe.
I'm using my POW EDGE reversal strategy for this trade idea.
Little red arrow is entry point.
Red trade label shows trade details.
Green lines are TP and purple lines SL.
Stats for the strategy can be found at base of idea.
Chart shows previous trades from last week.
Strategy is in a rich vein of form.
Can we start this week off in the same manner last week ended.
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What is our POW reversal script?
Quiet simply our script is a reversal strategy and can be used on any instrument and time frame.
POW reversal strategy sits within your TradingView and you as the user will see exactly what we see - the trade, entry price, SL and TP values.
This is a mechanical trading system, Which through third party services can be automated.
Our script is based on a combination of indicators with the main ingredient being RSI .
As a user using the script you are able to see all available settings and what they are.
The values for each setting can be adjusted to fit and suit each individual instrument as well as the time frame said instrument is being used on.
We know upon changing settings if they will work on the trading instrument and the time frame being worked as we have coded in a built in strategy tester.
A big overlooked not used enough feature of TradingView's pine code is the strategy tester which saves hours of time not having to manually back test a strategy.
Having the data in an instant enables us to enter trades with full confidence knowing we are working a proven system.
Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position.
We are working to a rules based approach to trading for our entry, exit and risk management.
All subjectivity and emotions are removed we simply follow and execute the already tested strategy.
My latest trade recap video can be seen below and gives great insight into POW tradingview pine scripts we use
Thanks for looking at my idea 👍
Darren
Gold Intraday Long Structure & Plan Some structure and context for potential intraday longs through next week.
- Multi time frame large candle origin points
- Linear regression channel (anchored to highs and lows I'm interested in)
- High and low of valid range
- Squeeze bar color and mean reversion channel from a personal script
- Volume profile for refined targets, and likely zones of infuriating sideways price sewage I wish to avoid
- No banana for scale forecast line toward the high point of interest that would, if broken, send a signal that an intermediate term up trend might be trimming its mustache for an possible appearance
USDCAD I've entered a short 🔻USDCAD short trade has alerted.
Reversal trade identified and entered.
Working the 30M timeframe.
Trade details can be found on the chart in the red label.
Trade box is tracking the trade.
Has USD strength ran out of steam on this pair?
Who knows be it a change in the trend or a slight retrace I have a 77 pip target for my TP to be met.
We'll see where it ends up.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURUSD long has alerted 📳EURUSD long trade has alerted this morning.
Reversal trade identified and entered.
Working the 15M timeframe.
Trade details can be found on the chart in the green label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURUSD short live ⤵️Alert has presented on EURUSD.
Short reversal trade identified and entered.
Working the 15M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Trade is currently running in blue but we'll see where we end up.
Jackson Hole Symposium starts today so this trade will be finished today be it a TP or a SL as expect some market volatility.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURJPY Potential Bearish Reversal!Hello Traders,
In Today's trading session we will be monitoring EURJPY for a Selling opportunity in and around 137 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
COGT a botechology stock with a great uptrend SHORTCOGY a biotechonology stock is doing what others
in the sector typically do in their performance when they
ignore general market dynamics and often hold up in recessions.
COGT has 4Xed since May earnings so ALPHA is high.
Right now the RSI is down trending so showing bearish divergence.
Additionally, the mass index went over the threshold and
then under the trigger suggesting an impending reversal.
The ADX indicator which has been as high as 100 for both up and down
trends is nearly zero. Although not shown on the chart, the mass
index indicator has triggered.
I conclude that COGT has ran up and extended too far and is now
set up for a short trade.
NZDUSD Potential Bullish Reversal!Hello Traders,
In the upcoming month we will be monitoring NZDUSD for a Buying opportunity in and around 0.61 demand area. Once we get a Bullish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
GBPNZD short in action 🏃I have an alert for a GBPNZD short.
Reversal trade identified and entered.
Working the 20M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
LXRX PENNY BIOTECH SHORT SETUPNASDAQ:LXRX
LXRX has gained over 100% in the past month
However it appears to be forming a double top
in a potential short trade setup on the two hour chart.
The K/D crossover on the hot RSI oscillator provides
confirmation.
Short Sale Volume is rising in the past two days.
Findamentals - LXRX has a new medication for heart failure
a common medical problem with a massive market
It recently launched a public offering to raise capital
to fund general operations and in doing so
diluted the share holders. The good news is
it is unlikely to do another in the near term.
An entry would be at the current price with a stop loss
above the highest volume bar on the profile.
The first target is the POC of the volume profile
about a 15% price drop . The second target is
the pivot low on August 1st for another 15% drop.
Taking of 1/2 at each target yields an expected
23% return over a period of about 5 trading days
since drops are faster than rises.
The call options of mid September have low volumes
so I will not consider them.
GBPCAD I'm shorting 💷🍁I have a GPBCAD short alert this morning.
Reversal trade identified and entered.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
$HLTH - Reversal play with +30% to +90% profit potential Technical Analysis
Another oversold play with huge upside
Price Target
Early entry: $3.66
Breakout Entry: $4.01
Price Target 1: $5.20 (+30%)
Price Target 2: 5.91 (+40%)
Price Target 3: 7.88 (+96%)
Analyst Target: $9 (125%)
Financials/Fundamental Analysis (FA)
Strong financial metric and fullu capitalised for sustainable growth.
Passes all quality checks.
$JAGX - Oversold with early signs of reversal for +75% or moreTechnical Analysis
Weekly and monthly stochastics have flattened out and price seems to have bottomed out.
We are seeing first signs of reversal on the daily chart with plenty of room above (upside of +75%).
Price Target
Early Entry: 0.27
Breakout Entry: 0.33
Price Target 1: 0.35
Price Target 2: 0.48
This is a pure technical play. We will need a significant catalyst/positive news to move the stock.
$ITV - Continuation swing with +10% to +40% upsideTechnical Analysis
Price bottomed out 3 weeks ago and the RSI + William %R
Price broke out the daily channel last week and has been consolidating above the 1D 50EMA. There is a good zone to buy before a further push above 76 and potentially 90
Price Target
Entry: 71-73
Target 1: 76 (+5%)
Target 2: 88 (+20%)
Analyst Targets: 101 (+40%
Financial Metrics
High quality as shown by the financial metrics. Undervalued with high upside/growth potential.
AUDNZD short trade potential presents 📉My second alert of the afternoon comes on AUDNZD.
Reversal trade identified and entered.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
AUDNZD short scalp trade is live 🙌AUDNZD alert has presented.
Reversal trade identified and entered.
This scalp trade is live and running.
Working 15M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
Time for another GBPCAD sell 💷🍁GBPCAD short trade running from late yesterday afternoon.
Reversal trade identified and entered.
Trade has progressed overnight but still seeking the TP target.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURCHF time for a long ⬆️EURCHF long trade in progress.
Reversal trade identified.
Working 30M chart.
Trade details can be found on the chart in green label.
Trade box is tracking the trade.
Let's see where this trade finishes up.
Thanks for looking
Fancy knowing how I identified this trade you know what to do.
Darren🙌