Get started

Riskreward

USDCHF Good buy opportunity!Hey Guys, Based on the chart, it seems to a have good buy opportunity on USDCHF and it would be good to hold it for following days. So let's go more details on what's going on the chart: 1. There is a strong bullish Engulfing candle ( Bullish ) 2. Price is making higher highs and higher lows which means we are in an uptrend ( Bullish ) 3. Price is close to our Bullish trend line ( Bullish ) 4. Price reached to 0.618 Fibonacci of the pervious wave ( Bullish ) So based on these scenarios I prefer to be buyer at this level (Which can be a good risk reward setup) and hold it for more upward movements. However at the moment I don't see any bearish signal (Based on my analysis) but anything can be possible and we have to respect risk management rules. Any idea would be welcome. Thanks for being and supporting us. Good Luck!
Long
by Brian_Philips
BTCUSDT ready for a big drop!Hey guys, Based on the chart and whatever happened during the last week, there is a strong bearish possibility for BTCUSDT in the following days. AS it specified on the chart, I have 4 reasons for have a bearish movement: 1. Strong daily bearish candle 2. Reaching to the top of a downward channel (It would be valid till the price remains in channel) 3. Price reached to 0.618 Fibonacci 4. Price couldn't stay above a strong support area and rejected So based on these 3 reasons I have bearish bias about the market and I consider 30,000 and 20,000 for the next targets of this bearish movement. Note: As always please take risk management rules into consideration before opening any position on the market. I'm so excited to hear your idea about the price movement. please let me know, do you agree with me or not? and why? Thanks in advance for sharing your idea. Good Luck!
Short
by Brian_Philips
30
SPX: Yes, we got it right again! Now what?Hello traders and investors! Let’s see how the SPX is doing today! As we discussed in our last study, the SPX lost the green line at 4,517 and this triggered the pivot point in the daily chart, as we expected. So far, we have no bullish reaction, and it feels like the index could drop more, maybe to fill the gap at 4,444. But let’s see the daily chart for more clues: The index did exactly what we said in our last study (the link is below this post), and it did a pullback to its support level. It dropped slightly under the 21 ema/4,480 area and it hit the purple trendline, which was the most stressful scenario in my view. Now, next week will be decisive. Any bullish reaction around here will be an excuse to buy, as the risk/reward ratio is very good. However, we must wait for a reaction, ok? This is not a reversal sign, and the index would need a much stronger bearish structure to reverse the trend. For now, let’s wait for another buy sign. If you liked this idea, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you! Have a good weekend!
SP:SPX
by Nathan_The_Finance_Hydra
3
BTC Ultimate FLAG/TRIANGLE!Money Makers! BTC has had a very strong rejection and is now looking to aim lower to find the next MAJOR support before continuing higher. On the weekly TF shown I've mapped where I think BTC should retest in the upcoming weeks. At this support is where I would consider going LONG. There is another support on the way down, which is around 40k. Let's keep our eyes on these areas and see how the market reacts. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice. Simplicity Wins
BITFINEX:BTCUSDShort
by rnaofs
Wish i have an eye on youImo the upcoming months till the EOY will be the most critical in Wish history as a stock. Key points 1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well. 2. Are all the bad news baked in the price? and was 6s a big bear trap? around end of September i think we will know. 3. Awaiting some major app changes/ business model changes / new CFO 4. Retail is still buying and holding as i read all over the internet, that's a (-) in the short term price action no matter the technicals and fundamentals. Major scenarios in my mind 1. Wish is sinking and this will become a zombie company and we all felt in the trap, no hard feelings can happen to anyone, take your losses & lessons and keep walking. 2. They are about to sell it to one of the big guys for at least the IPO price imo 3. They are about to turn the ship around Now if the case is 1. and taking into consideration that WSB retail has an average price between $8-12 then probably you are sitting on at least a -50% decline ( PAIN ) If the case is 2. then the potential upside is 3-4x If the case is 3. the potential upside is at least the ATH meaning 4-5x What are the probabilities in favor on 1 vs 1&2? Do your DD and decide... *This is not an advice to buy or sell, just random thoughts from a person who started buying wish at 8s before WSB mania and Zack Morris pump.
W
by Philoslother
3
SPX: The bulls won once again!Hello traders and investors! Let’s see how the SPX is doing today! We are in a very strong bull trend, as usual, and the index is just retesting its supports before it jumps again. We have been saying this for a very long time now, and since we apply Dow Theory in our methodology, we know that trends persist until a clear reversal occurs (Dow Theory, 6th tenet). As long as we don’t see any reversal around, there’s nothing to do, but buy when it does a pullback. Thanks to this strategy, we nailed every single movement on SPX since last year. Now what’s for us here? The index is far from the 21 ema and we have no bullish pattern around. We don’t have any bearish sign either, but this only makes me neutral on the index. If we drop, the 21 ema and the 4,501 are support levels for us to work with in the short-term. In the mid-term the 4,480 is still a nice support, which is above the 21 ema. Technically, the index could drop to the purple trendline, and the trend would still be bullish , and for this to happen, we must see a strong bearish structure in the 1h chart first. But again, I don’t see it as a buy because the risk/reward ratio is not the best, and I always like to buy near support levels, like when the index did this fantastic Piercing Line candlestick pattern just above the purple line. We buy in moments like this, not right now. Some individual stocks are looking much better, and if you know where to look, you’ll find some undiscovered gems around. If the index drop, probably it’ll create even more opportunities. If you’ve read this far, remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it! Have a good week.
SP:SPX
by Nathan_The_Finance_Hydra
3
BTCUSDT In Bulls Control!Hey guys, Today we have a great buy opportunity on BTCUSDT. Based on the chart, price reached a support area and a strong rejection happened yesterday. Mainly this action can be a good sign of traders willingness. It shows that buyers are strong while sellers lost their positions. So It would be highly possible that a bull run start soon and I prefer to be buyer at this area with low level of risk and high gains. (Risk Reward for this trading is about 1:3.5) Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
USDJPY getting ready for a drop!Based on the chart, price for the third times reached a major resistance area and rejected. So based on these rejections, it seems to be a good trading area with low risk and high gain. Also the candlestick movements are getting weaker which can be a good sign for sellers. So based on this scenario I prefer to be seller at this area which can have good risk reward ratio. Note1: Selling on highs of the chart, can be a good trading way for this currency pairs for the following days. Note2: Please take risk management rules into consideration before opening any position on the market. Good Luck!
Short
by Brian_Philips
4
GBPUSD Good buy opportunity!Based on the chart, price reached a major support area and a strong rejection happened today. Still there is no sign of sellers at this area, and it would be highly possible this bullish movement continues to preferred area. So based on this scenario it would be a good choice to buy on dips which can provide good risk reward ratio for the following days. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips