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NZDJPY Short - Outside test of rising trendlineI spotted this idea on the weekly chart but there is important detail on the Daily. So we have price action having been kept below the weekly 200MA and then sliced through the rising trendline it has turned and come back up to test the outside of the trendline which is also near to another touch of the now falling weekly 200 MA. Looking for a Fibo 38.2 (RR of 3:1) retrace on this run up isn't asking too much to start with as a target and that sits nicely in the previous structure area that has seen so much action looking back. There are caveats to consider such as where the little red line is that resistance has turned support and been touched so when/If were to reach there I would be moving stops to break even as a precaution. Alternately you could take a third off at that level, a third off at 38.2 retrace and then let a third run on if it does, happy days. I've put stops a reasonable distance away to give adequate RR but also take into account a little area of prior S/R should it decide to pop there before falling and I wouldn't be doing a hard stop here, it would have to be a close above this week. If you wanted to be more conservative you could just wait for another touch of the weekly 200ma, if it gets there however i'm happy with what I see here already.
Short
by CromerKing
XLMUSD Likely Hourly Kumo Breakout Setup XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as resistance, but the bullish cloud twist and Chikou-Span line being supported by the cloud suggests a breakout is eminent. Likely to see higher prices in the next 6-36 hours.
BITTREX:XLMUSDLong
by Red_Ben
5
GBPUSD: Pip perfect test of support for SterlingGBPUSD Next Long set-up (and downside from here) We've just seen a Pip Perfect test of the rising support line - the perfect exit point for shorts on this pair. And stellar trading if you managed to reverse there...the perfect trade with a stop just 5 pips lower. Right now, Sterling is sticking at 1.3113 - it just needs to get 5 pips higher to trigger a long from here if you missed the lows...for a move up to 1.3311 or just shy. Stops need to be under the parallel by 5 pips for fast test of 1.3029 if broken. Sterling will need to fall below here for the next swing trade lower, though, back to 1.2765. And on upside, will need to beat near term resistance at 1.3311-1.3341 now for a fairly short-lived swing trade higher to a target at 1.3462/falling resistance line intersection.
Long
by sumastardon
Bitcoin losing momentum and potentially reversingThis idea is an experiment with the Blair momentum indicator I've been working on. Last week the BTCUSD Blair line (big black one) went under the red, orange, and yellow clouds on the 6 hour, giving an early warning that the momentum could be exhausted for now. Now that the Blair line has comfortably exited under the blue cloud this shows that there could be a long term downtrend (days to weeks) to come. It could pop up to an all time high for a moment, but must reverse soon if there is not a rapid influx of price. This is a test of this new momentum indicator .
KRAKEN:BTCUSDShort
by mcbw_
CL - Crude on a test/retest bevor the breakdown?Here we have it picture perfect! On the left side, you can see the big sine-wave-swing. These sine-wave swings often get broken fist, before a further movement in the original direction. And so it happened. Price was not able to move further north. Oil organisations did all to keep price up - even manipulating in the news... As I wrote in the previous post: The market makes the price, not a organisation and not even a talking head. We must understand that the value of everything is determined by the trust and distrust of us, the people, the consumer, the markets! In my last posts you could (and thanks to TradingView you still can) follow my analysis and see how it evolved. It's not about my analysis - it's about the framework I use to be able to make such projections and forecasts. Everyone can do this by learning it... Back to the chart: So, we broke the big white centerline. As the framework dictates, price comes back to where it broke out and test/retest the centerline again. If price fails to jump back above the centerline, then we have a very high chance to go down to the next line, the L-MLH. If you are interested in more information about the Fork Trading Framework and how to apply it to the markets, just drop me a private message. I keep you informed about my new course material, coaching and services. Peace!
NYMEX:CL1!Short
by Tr8dingN3rd
2
DAX30 - SELL - H1you see the red point above: please feel free to test a SELL-order! TVC:DAX ------------------------------------------------------------ ATTENTION! This is a TEST-order. Please DON'T use it for the real trading. ################################## DiKKAT! Bu bir TEST-ANALiZ öngörüsüdür. Gercek islem girilmesi kesinlikle tavsiye edilmez! ########################################## ACHTUNG! Diese Prognose dient lediglich NUR zum testen. ##########################################
TVC:DEU40Short
by VFXtrade
CADJPY Possible Harmonic Move? I Haven't traded this pair but need to practise my Tekkers so thought id give this pair a go, from top down Monthly, Weekly, Daily levels and see what I could see and practise my strategy First thing that stood out was we have tested the Monthly level at 88.882 which seems to have been a strong area of resistance in the past. I then see we have a 2618, it went more to the 786 level but still a strong sign that we could see a trend continuation to some lower levels, so where do I think based on what I can see and whats happened? Looking at a fib inversion and extension we have a couple of 1.27 levels line up, also looking a the most recent impulse leg up on the daily/weekly we have the 786 level come in as well, look left and this does fall in line with some previous structure as well This move down would also be a equal measured move to the last impulse leg down. will see how this plays out, always good to exercise that idea muscle
Short
by Wonour