Simplesetup
NZD/CHF - Buy Once Again - Feb 20.Price has approached the weekly support {the white line}. We can also see clear divergence on 4H with Stochastics oversold. It's better to wait for the price to touch the white line but I am going long right now with a small lot. Good luck!
EUR/CHF short to retest the low of the day. Wednesday 2/12/20Price is bearish over the last 10 days so I was looking to short EUR/CHF. The first trade was not a bad trade but I could've been more patient and entered risk where I originally planned to enter risk, on a break of 15m lows, around the 1.06400 area. The second trade was a better trade since I waited to enter risk when price reached this 1.06400 price level at 15m lows.
Wait for the break.1292 and above bullish and anything less will be looking bearish towards 1250-1240.
Simple BTC tradeAre you a bull or a bear?
It doesn't matter much here to be honest.
This one isn't hard. The resistance and support areas for BTC are obvious.
Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will...
But even if BTC found it's bottom and we are now in uptrend it's just very unlikely for the price to sky rocket through 6k. So why not short it?
After it bounces from the resistance the only support at the moment lies down at ~4250 area. It's really not much else in between. No man's land. At least for now. I expect price will stay between in 4.2-6k area for quite some time as well.
It's hard to imagine that BTC will switch from bear to bull mode so smooth (even if some alts suggest so). So we should get some retests of lower level(s). Some ugly red bars to get rid of all of panic sellers.There will be plenty of them. Than you can go long. As a trade or even more as long term hold if you want.
Are you a bear?
Just short it. Take some profit at support and hold some if you think we will see new btc bottom. Short again if it comes back to resistance at 5850.
You must be wondering what if price slices through resistance.
Well guess what --> You are risking around 4% to gain 25%. This trade needs to work only one time out of 7. So if you think there is like 20%+ chance price will bounce of the resistance at around 5850 than this trade is printing money on the long run. Even if you got stopped out more often than not.
This is why you have stop loss!
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I always suggest trading on demo accounts at least until you have decent sample size of trades without losing money.
Simple GBPAUD short using the RSII have here a simple setup using the RSI. If you take a look at the ascending trendline then you'll see that it broke below it and is going for a retest.
This does not mean that it's going to be in a downtrend but it will be a small short down to the necklines.
EUR/USD Simple setup within the channelThis is is a very simple setup. EUR/USD has been in a channel since February 2019 and it is represented by Yellow trend lines. It also has a nice Inverted hammer on the 4-hour chart.
You can look to take profit at the Previous low or at the bottom trend line. If you really want to push it then you can short it to the green trend line below it as that is a very strong trend holding since October 2017.
Bullish Break From Monthly SupportI am looking for a buying opportunity at the monthly support on this pair.
HEADING UP FROM MONTHLY SUPPORTWaiting for 4 hour close to retest wedge and head up.
Simple risk reward set up, buying the breakout.
SOHU Long-term DowntrendHarmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall.
RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries.
SOHU is currently in short-term swing upward (orange channel) but it is not expected to break 2 year trend yet for strong bullish move, also has a lot of room to fall @ current $38.99 price to about $30 in the long term.
Aggressive short-term swing low target @ ~$36 (this level will be a tough support level to break; may serve as support for new trend upwards after price drop to $36 level)
Long-term short swing initial target of $35 after earnings, then $30 for next target.
If $30 breaks, serious profit potential can follow.
Also, option players can long Jun 35 put; use far out expiration (red line) to give trade time to work and to reduce volatility crush effect on long option after entry.
~$300 profit per contract @ $30 expiration.
Triangle formation on EURNZDHi traders,
on EURNZD we recently broke into new lows (since mid2015). The next level of daily structure is way down at 145.00 flat. In this case we can see price "free falling" downward, so there's no space for big retracements that allow us to enter the market at good levels. We can see though some simple pattern formations that let the price breathe and give us reasons for entry like this.
This is called a triange formation, it is made up of higher lows with no higher highs. This kind of formations usually continue on the impulse leg's direction. You can trade them entering as soon as price close below the trend line, or you can wait for a better risk to reward and then enter short.
In any case, the nice part of this setup is that second position we can keep for longer targets, such as 145 flat.
I'll wait for a retracement and then sell the market.
If you have any questions, please comment below.
Otherwise, see you in the next chart!
[TREND] Trade inside the TrendGood evening, trading the trend is simple and there are nearly infinite of Trading chances! Here I've got you a simple option to follow trading the trend and the correction . If you follow the rules which postet in the chart itself it should be possible to make some profits :)
EURAUD EURO AUSSI 4 HOUR On the rise and shall reach 1.47 level had huge drops because of news and over selling. Price is well below both EMA's TLs are broken.
Usdjpy Price should continue into an uptrend for the week, DXY index also shows signs of bullish behavior
Patience is Key - Relax and Trade, collect reasons to enter :)Check the Chart
Quick Analysis, not a lot of Text :)
Let me know what you think guys
USDCAD Range trade - 1.29 to 1.28Price sell below 1.2900, a significant support level forming a range.
Simple idea.
Buy at bottom of the range and sell at the top.
Only thing to caution is, both top and bottom have 2 touches, so this pattern has less lower probability of working.
