Shorttrade
EURAUD Short trade ideaEURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up with a nice 61% fib retracement so ill be taking short trades if price rejects this area once again.
USDCAD UPTRENDHere you can see a uptrend prediction of USDCAD.
i think market touch the demand zone but due to strong demand on that area smart money didn't break the demand zone so we can see a short term trade for buy side.
if the trend go against the prediction then we just need to wait for the retracement then we enter in a trade.
but my i thought and i'm confident of my prediction that marke hit my all of 3 targets.
Bearish Trade EURAUD 4HPrice has been in a downtrend and is now in a descending wedge pattern.
Entered at 1.45993
Stop loss set at 1.46921
Take profit 1 at the 50% retracement and previous minor structure: 1.45066
Take profit 2 near the extreme of previous structure: 1.43616
If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Lantheus Holdings | LNTH | Short opportunity?Lantheus Holdings ( NASDAQ:LNTH ) has been on a major run recently after an earnings beat. Insiders started selling shares ($3.3 million) in late February/early March 2022 after it popped from the $28s to a current high of $54.10. It is highly overextended and has hit it's historical resistance based on the highs from 2015 and 2017 (blue resistance line on the chart). While the large gap below may not be the target-to-fill in the near term, I am looking for a pullback to the 50 EMA (yellow line) in the coming weeks as momentum declines. If it breaks the blue historical line and surges forward, the 50 EMA target may take longer to hit.
Putin: Ever Pushing Euro DownChart shows the effect of Russian invasion of Gergia and Ukraine on the Euro. In the previous two attacks (2008 & 2014) the Euro went down around
30%
. Of course the whole downturn of the Euro can not squarely be put on Putin, taking into account the devastating effects of the 2008 financial crysis, but it is clear that it has a lot of downward effects none the less.
The European economy before the current invasion was not of course great, and COVID rect havoc everywhere especially in bunkerred down Europe. Now that the effects of the coronavirus is diminishing and Europe tries to recover, Putin happens again.
So, are we heading for another 30% downward move on the Euro, seeing once again € at ¢80? With the devstating effects this war is causing all over the Europe, we afraid even worst.
Shorting GBPJPYToday we would like to share one more trading idea, this time, and we are looking at shorting GBPJPY; however, being cautious and taking into consideration the current market volatility and setting an ambitious TP level. You can adjust yours based on your risk preference and reward ratio. With the present trading idea, we are targeting 1:3