SPX500 Short Trade SetupHello traders.
Another short trade setup in SPX500. My short term expectation is a down move to 2490 because the structure between yellow lines looks like a correction and there is a strong Fib confluence at 2490. There is a chance for a much bigger drop but I think it will go up one more time first and create a running flat before it falls.
Short-term
NZDCAD Long Trade SetupHello traders.
I'm expecting a daily corrective structure in NZDCAD. The up move in 1H can be a reversal impulse and the structure can the following structure looks like a correction. I'm waiting for some more down move for the completion of regular flat then I will take a long trade after breakout.
Ether!! ETH/USD Key points of knowledge on chart and Breakdown. Ethereum is correlated to Bitcoin therefore it's trend has been melting. This will be short-term as cryptocurrency prices and implementation are heading to the moon. Especially Ethereum. If you look through the chart you'll se some key pieces of knowledge. The fibonacci is placed every time that a L.H is being created on a downtrend (countertrend). It determines the Risk/Reward ratio based on what percentage is finds support/resistance on, 38.2%, 61.8%, etc. -27% is used as the projection level. Eye will delving deeper into this pair as it continues.
GBPUSD Long Trade SetupHello traders.
The first trade setup of the new week is in GBPUSD. In 1D chart, there is a chance for Z wave. The minimum target will be 1.44 if it makes an up impulse. At least it should make a correction after sharp down move. That's why I think taking a long trade can be a good idea. I have placed an entry order. I hope it will come down before taking me in.
NZDUSD long Trade SetupHello traders.
NZDUSD has some potential for upside. There are 2 options.
(1) If the daily structure is an expanding flat, it should go up and break the previous top.
(2) If the top point with the yellow flag can be the end of the daily structure. In this case, it should make a correction like the yellow arrow after down impulse and then it should keep going down.
In both cases, there is a good chance for upside. That's why I like to take a long trade. As you can see, it broke the trendline and it looks like a correction after the breakout is in the making. So, placing an entry order can be a good idea.
NCASHBTC short targetbuying under 420
stop loss 375
short target
target 435
target 442
target 452
short target until 5 pm 13/05/2018
EURNZD Short Trade SetupHello traders.
I took the short trade with an entry order. My forecast is the drop as C wave for the completion of the daily corrective structure. As you can see in 1H, it came down sharply and made a correction. I was hoping bigger correction before it takes me in but I'm in.
XAGUSD Long Trade SetupHello, traders.
I have an entry order because I'm expecting an up impulse as C wave inside of the corrective structure. The minimum target of up impulse will be the breaking previous top if it makes a regular flat. That's why I have put an entry order but I hope it will come down first, so I can take a better trade.
NEOBTC BINANCE Short investmentIt is around first support line
NEO is one of major coins which is good to hold for mid term as well.
However, it is better to sell more than 50% in short term between target 1 and 3 for a stable profit.
buying 8300-8400
Stop loss 7900
short term Targets
1. 8547
2. 8692
3. 8920
4. 9135
above 10% profit free taget from target 5
5. 9500
6. 9700
7. 9900
ETHUSD Ethereum Long and Short Term Outlook from HereETHUSD Long Term/Short Term Price Forecast
Per Adua ad Astra
Long Term
That low at 360 was as big and meaningful as Bitcoin's at
6000. Perfect Gann numbers too. Like, reeaally PERFECT.
Those lows are equivalent of the lows reached in the first
internet cycle when Nasdaq Composite fell from 5136 to 1118,
a decline of 78% in magnitude, playing out in 4 large waves
over 31 months.
For ETH the fall was from 1417 to 360, a decline of 74% - in 3
large waves over less than 3 months, so 10 times the speed of
the Nasdaq/Internet generation1 exactly.
Look what happened to Nasdaq Composite since: now at 7209
- up nearly 7 times over 16 years.
No real reason to figure that the Alt markets will perform any
differently in the longer term. Just 10 times quicker maybe!
And if that's the case it's effectively a buy dips market for the
next 1.6 years or 18 months or so - during which time ETH can
reach 360 x 7 = 2520. Stay long and keep tracking it as it rises.
Time will tell, as always.
Shorter Term
On and on towards the stars - a little local difficulty at 820 in
very near term but it should push higher with Bitcoin still
driving both Northwards but ETH still outperforming
beautifully.
This has already become the key larger market player in the
resurrection we see across the market in general. Could be
Google back in the day...
It should push on to 869 and 896 (900) and later to 978 where
it should spend time consolidating before breaking higher stiill
(add at this point) to 1400 and yes, one day to 2520 too.
Time will tell...never fails.
Here's to ETH. Let's hope it doesn't either.
**UPDATE** - XVG (ST-Long): 990I'm guessing this triangle will break upward, as it seems quite bullish, but get rejected before .382 fib
Which will resume the course I've already laid out, here:
Cheers!