TERM
AUDJPY PENNANT BREAKOUT?Pair: AUDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel
—————
Key Takeaway: Need to see a break of pennant pattern and round number levels
—————
Level needed: need a close by 95.180
—————
Trade: Long
RISK:REWARD 1:6
SL: 27
TP: 170
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPUSD INVERTED HEAD AND SHOULDER Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle, inverted head and shoulders
—————
Key Takeaway: Need a break of high volume level/resistance
—————
Level needed: need a close by 1.22885
—————
Trade: Long
RISK:REWARD 1:10
SL: 31
TP: 312
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Keep Tata motors stock in watchlist.Tata motors stock has been in bull run since last 2 years.
Observing the weekly chart shows a clear formation of Inverted Head & shoulders pattern in the stock.
It can test the neckline definitely in near future which is around 500-520 which is almost 7-8% from CMP.
A weekly closing above 520 levels or above 52 week high of 537 can make the stock move to its ATH levels of 600 and above.
AVAXUSDT 1D Medium-term trade - our target $30We are already forming a series of ideas on the AVAXUSDT trading pair.
We published the last of them a week ago.
During the week, our assumptions are confirming that the AVAXUSDT trading pair is currently consolidating with a set of long positions. The trading delta shows the superiority of purchases over sales in the period from 06/26 to 07/13
Also, for almost a month, the Avax price has been consolidating above the critical support level above $15.
Such input data for Avalanche token price gives the right to enter a medium-term trade:
Entrance $16.50
Stop $14.54 (-12%)
TP1 (50% position) - $26.74 (+62%)
TP2 (50% position) - $29.94 (+82%)
P/L ratio 7/1
Fixing the AVAXUSD price below 15 dollars paves the way for the price to fall to the region of 12 dollars.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
$DOCU -76% DISCOUNT (52-WK) -81% (ATH)!DocuSign is good stock if you are thinking about adding an AI & Software stock to your watchlist/portfolio. It is currently showing a good buying pressure with the last 2 months being green, but I think it has a way to go down! The original Heavy buying positions from IPO '18 to Aug. '18 is the $52.30 area! The next set of buyers from Oct. '19 to now are @$62.50 area! Which is good entry to swing to the $315 ATH, but the $52 entry area is a SNIPER! anything in between those two are good entries for long-term.
USDCHF It will return to support Welcome back! Let me know your thoughts in the comments!
**USDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
BTC Prediction for Aug-22 and beyondI'm assuming the long term trend is down
Jul-22 was a green month, relief bounce
Aug-22 probably going to continue the overall trend so will be red
inflation at 9%, expected double digits, recession for 12+months
difficult to be bullish
think there are 3 legs down
23->20
20->14
14->10
bottom here at $10k
timeframe : 12 months
Zoom Out and We Are Doing Fine!If you look back to when BTC started, we have been registering higher lows every year with the exception of 2015. Last year, BTC registered a low of $28600. The last couple of weeks saw a drop from $47k to $32.6k. Sellers are running out of momentum again and the bulls are staging a reversal again. There's not that much lower that we will go this year round!
STONKS WILL GET HAMMERED HARDFundamental PoV:
-----------------------------------------
- Fade away recession fear for Q3
- Shift to hawkish Fed
- 75 bps rate hike is a done deal
- Escalation in Taiwan
- Possible another supply disruption
Overbought while market buying less hawkish the Jay Powell speech and now all the members turn hawkish. The green street U.S. Friday data confirmed that recession still far ahead, at least this fear will ease for the Q3.
Average Hourly Earnings (MoM) 0.5% 0.3% 0.4%
Average Hourly Earnings (YoY) 5.2% 4.9% 5.2%
Average Weekly Hours (Jul) 34.6 34.5 34.6
Government Payrolls (Jul) 57.0K -6.0K
Manufacturing Payrolls (Jul) 30K 17K 27K
Nonfarm Payrolls (Jul) 528K 250K 398K
Participation Rate (Jul) 62.1% 62.2%
Private Nonfarm Payrolls (Jul) 471K 230K 404K
U6 Unemployment Rate (Jul) 6.7% 6.7%
Unemployment Rate (Jul) 3.5% 3.6% 3.6%
Review Update: $ELAReview Update: $ELA
5/5 ⭐️
In Feb 2022 at $4.10/share, I said this stock was a GREAT buy. Now it’s at $7.52/share. Even in this market! Great company, still growing rapidly Y/Y.
-Shared from PersonaFi iOS App
“See what the best traders, backed by their linked portfolios, are buying and selling in real-time.”
BTC RWI StrategyWhen things get confusing I like to pull out the Random Walk Index strategy.
It measures logarithmic returns but in a different way: it runs a randomness test on a period of prices. There is a red line, the downtrend strength indicator, and the green line, the uptrend strength indicator. When either trend crosses above 1.0, the probability that the trend is random approaches zero. Think of flipping a coin and landing on heads 7 times, it could be truly random but the probability continues lower as you continuously land on heads. When the trend is said to be "not random", the market tends to be unreasonably extended, which seemingly almost all of the time causes a technical reversal. Think about how trading is hard: it's hard *because* the price is usually random. When the price is not random, a spring-like reaction happens, like starting a fire. The reaction happens until the it runs out of energy to sustain itself. Then, it goes below 1.0, which aligns, at least in this chart, with a low-risk market entry. I should mention however, even though it measures a good entry, it does not always give a clear exit signal above the 1.0 mark. Some short-term peaks give readings below 1.0 which can be confusing. Therefore, you should define how much risk you're willing to take once you've got profit. Don't risk what you cannot lose.
In this chart:
signal = 7 week RWI. The randomness probability of the last 7 weeks, aka semi-quarterly (add on a few days for noise). This is the basis of the trade idea timeframe.
white line = 130W avg. It's a historical resistance after a selloff of this magnitude. Expect volatility here.
blue line 200W avg. We usually bounce off this line to meet the 130W. Expect resistance there.
yellow circles = means the trend is now random and has bounced from the 200W avg to above the 130W avg.
Parameters:
Wait until the uptrend line passes through the 0.8 to 1.0 range to enter the trade. If this happens and the price stays above 18500, all is well, otherwise, expect a sideways trend or possibly gloom and doom! On a 50 day basis, this seems like a good idea, but other unknown timeframes may dominate the market currently. For example, perhaps there's a 12 year trend looming that's about to dominate the price and all market averages plunge downward? Spooooky. Don't risk what you cannot lose.
Reasoning:
The crowd is fundamentally bearish, and embarrassingly so. Pivoting bullish makes sense logically. We've seen the largest rally since March in global markets. But this has been a point of breakdowns for the past ~10 months and the market is hesitant. There has been several large breakdowns and the crowd assumption is that there will be another breakdown right around now. However, the crowd was unable to predict these first big breakdowns which tells me they are probably wrong this time as well about a subsequent breakdown. Being a contrarian, I think we will see higher highs locally, possibly the 35k area, but wanting more confirmation is reasonable. We could dip a bit to the 20k area before making "the move". But take my ideas with a grain of salt: I am hedged against myself. Assume we could make another wave down or a sideways wave. Don't risk what you cannot lose.
What do you think? Crazy person is at it again? BTC will go sideways even more? More dumping? Please voice your opinion (I value all opinion, thank you) below and thanks for taking a look!
Investopedia link for RWI:
www.investopedia.com
Good luck and don't forget to hedge your bets!
Long term goal for BTCEvery 4 years BTC made another ATH. If BTC continues with that trend the next ATH will be around 170k +- 30k at the end of 2024. For this approximate target I used especially Fibonacci tools.
The 2024 halving will likely occur between February 2024 and June 2024.
This is my last chart on BTC . Enjoy!
BTCUSDT 6h Long medium-term BTC trade to $28974Today we bring to your attention Medium-term trade for the BTCUSDT trading pair within the framework of our previous idea.
Everything happened as we imagined, expected and wrote in previous Bitcoin idea.
There was another upward impulse BTCUSD price to $24700 and from there a downward correction began, which continues 5 days.
Now signals have begun to appear for the emergence of a new growth impulse, so we offer to your attention a medium-term BTC trade on the following terms:
Entrance $23011
Stop $20994
Take profit $28974
Profit/loss ratio is 3/1
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
FILUSDT 1D Our FIL Long-term trade from $5,16 to $42,50We are not implying anything, but it seems that the price of FILUSDT may repeat the white fractal movement.
Where to enter the long of FILUSD and whether to enter the long is up to you, of course. We bought FIL at $5.16 on a deposit with a long-term trading strategy, that is why, we will keep long until at least $42.50
Currently, looking at the chart, there is still a chance that the Filecoin price will fall to the area of $7.25-7.50 and from here there is a continuous movement to $42.50
Well, of course, if the fractal does not deceive us, but that is a completely different story)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
DXY - Bearish OB on H1Comment Ideas and/or any reasons why you would or wouldn't take this trade!
Going short on DXY.
Setup 1 :
Sell Limit @ 107.219
S/L: 107.495
T/P: 105.476
Profit/Loss = 6.32
Setup 2 (Lower-Risk):
Sell Limit @ 107.319
S/L: 107.531
T/P: 105.476
Profit/Loss = 8.69
Why?
- Retraced back up past 0.79 & 0.759( OTEs ) on Fib filling market imbalance left from previous sell
- Market imbalance left behind from previous buys (FVGs)
- Current momentum is Bearish
- Strong rejection from Bearish OB
Why not?
- DXY did not break market structure to make a new low - not required but good to have as confirmation for direction
- DXY has the potential to break bearish OB and create a new high - New low has not been made on higher timeframes
- Lower timeframes are not as reliable as higher ones
--------------------------------------------------------------------------------------
Remember, only risk up to 5% of your account per trade. There are two potential setups for this trade so if you are going to take one, it is almost always better to place a lower-risk trade that you might miss than a high risk one that has a higher risk
This material is for educational purposes ONLY.
Trade smart.
--------------------------------------------------------------------------------------
Glossary:
OTE = Optimal Trade Entry (Most opportune place to enter a trade)
OB = Order Block (Where price is likely to make a reversal)
FVG = Fair Value Gap (Gaps left when only sellers/buyers were moving price down/up)