SHORT trade for GJShort trade for GJ. Finally broke past support and made a move to the downside. I expect to see a little bit of price action between the minor resistance levels on the way to my profit target. I don't expect to see much overall resistance for the move to continue seeing as there are no major news announcements for either country at the moment. Price could very well head all the way down to the previous support level below my profit target. Here are my numbers for the trade. I am currently in this trade and will update with news on the trade.
Entry - 155.552
Stop Loss - 156.052
Profit Target - 154.560
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Shorttrade
USD/CAD LongThis is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without the price reaching entry level, you are clear to take the trade.
New Ginsu Knife PatternAMEX:NXE
Here is a pattern that I am seeing more and more when drawing in charts. I use it to short stocks. This is for entertainment purposes only. However I am nailing some shorts and actually make money with this pattern. Lets see what happens. Hoping to find more Stage 3 Tops with this.
GER30 Short Trade SetupIt seems like we may have a complete running flat between the green lines. If this is the case, a reversal structure should be in the making. I'm waiting for a trade setup on the lower time-frame to sell it. The second scenario is a correction over the blue trendline and more upside. That's why I'll try to move SL to BE around trendline if I take a trade.
UPL-Short trade opportunity -Futures trade Hi Traders,
As per the above chart , UPL is currently at good support zone, if the price breaks the support zone in downward direction and closes below Rs.693/- (in 1 hour chart) you can take the short trade, stop loss is based on your risk appetite and Target 1 is Rs.640 to 630 and Target 2 is Rs.600 to 590/-.
1 Lot of UPL futures is 1300 shares and margin required for this trade is around Rs.2,35,000/-.
This analysis is for short term trade (i.e. Positional trading) and not for intraday.
Note : This is not a financial advice and trade at your own risk.
Thank you.
Enjoy the trading.
SELL LITECOIN! Move to SHIB!If you hold LiteCoin, ask yourself WHY? If it's because "it's number 3", that WAS accurate. But research and verify with the charts.
Compare to the gold standard, Bitcoin, Litecoin is a confirmed looser! Sell and by BTC if you can understand this chart. If you want #3, I challenge you to tell me which coin, Comment below.
From a pure metrix and risk/reward, SHIB Shiba Inu, Is the rocket scientists' choice. The mascot astronaut is on board and we're about to take off to SHIB
$0.00003 ->
$0.0003 ->
$0.003 ->
$0.03 ->
$0.01 over a decade?
Is it ok for you for you to wait? On this rocket, "moonshot" is just to refuel for Mars! That's the destination.
PS Serious money should really be on ETH and BTC.
CADJPY Short Trade SetupAlthough we have a new high, the previous monthly top (the red A), which is shown by the dashed line, hasn't been broken yet. This means, the monthly structure remains a running flat. That's why I want to take a short trade. Structure-wise, the minimum target will be 73.700, but it won't be my trading target since it will take a long time to get there. I placed a pending order under the potential reversal impulse. The risk here is having a small correction like the previous one that is marked by the yellow box. If it makes a bigger correction like the blue one, we will have time to move SL to BE.
#ALGOUSD. Get ya shorts on, or get get caught naked.Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it.
Why?
Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with 25% down still a good one.
If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
JK Tyre at Resistance Zone - Short OpportunityHi Traders,
As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop loss is based on your risk appetite.
Otherwise, if the price on Monday breaks the resistance zone in the upward direction then there is a another strong resistance zone at Rs.185 to 195, wait until price enters the resistance zone. After price enter the resistance, if a candle (1 hour candle-Red candle should be formed ) is formed in downward direction and closes below the Resistance zone (i.e. below Rs.185/-) then you can take the short trade and target is Rs.135 to 130 (Profit per share is Rs.50 to 55) and stop loss is based on your risk appetite.
This analysis is for short term trade (i.e. Positional trade) and not for intraday trade.
Note:
This is not a financial advice, please trade at your own risk.
Thank you. Enjoy the trade.
BTCUSD potential short coming up! Hi guys,
This is my first post on TV but I am excited to join the community. I will be sharing some of my thoughts around day/swing trading Crypto and perhaps more instruments at a later stage as my TA and philosophy mature.
I decided to share some TA around the big boy BTC as my first go at making my TA public.
As always guys, this is not financial advice and purely ideas around what trades I am looking at next. Here we go,
We recently got rejected by the weekly level combined with the trend line which flipped as resistance.
We're currently bouncing at a support zone I had lined out with the blue box (and I am long from 47k). We're currently supported by:
POC of the range
Daily level
Global sellers .5 fib
1H 200 EMA (not shown)
Previous resistance/support zone
Multiple fib levels
My next trade would be a SHORT at the golden pocket (highlighted in red) and confluence for the short would be:
Untapped .66 from the seller's fib
Daily level
Previous support waiting to be flipped as resistance
the resistance trend line
We have a volume POC in that zone
I expect increasing bearish divergence on the 1H+ time frames
ENTRY: 49.3k - 49.5k
INVALIDATION: 49.8k: I prefer a tight stop loss as we might see a short squeeze in case we consolidate under the golden pocket
TAKE PROFIT: take profit 1 will be 45.5. I will monitor market structure and the strength of the rejection to find the next take profits.
Let me know your thoughts and if you are also looking for a short as your next day-trade.