ETH Correction Short Opportunity Targets INC.My trade set up
Just opened at time of writing price was $166.XX something.
20x LEV Short ETH
TARGETS
1) $163.75 Then move stop loss somewhere near here to lock profit if trade goes bad which during uptrends they can fire off ANYTIME during a correction post pump.
2) $161.10 Then move stop loss "BLAH BLAH BLAH"
3) $159.25 YOU GUESSED IT. . . MOVE STOP LOSS IF YOU WANT TO TRY FOR MORE YOU GREEDY MAN :P haha
Also kind reminder this is not financial advice but I like to hear from people with like or contradicting IDEAS because it helps me and everyone else grow.
ARU
Stay Safe! Don't Chase! STOP LOSSES PEOPLE!!! :P
Trade-idea
USDCAD AnalysisUSD has tanked almost 9% against the CAD, naturally after experiencing a move like that you would expect some pullback and profit-taking. This has been the case and along the way price has created an ascending triangle formation - this pattern indicates when the structure is broke, by creating a higher high - further upside will follow. We are hoping that there is a pullback into our yellow zone for us to enter into a buy position with low risk and high probability. We are also using our DXY analysis as a confluence to support this trade.
Trade Idea: Long $DOCU @ 90.10DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
Trade Idea: Long VXX @ 53.00Throughout this short term reaction bounce yesterday and today, volatility indexes have stayed relatively strong. VXX had a deep gap down on Tuesday but started to trend higher with the market indexes. Today VXX closed green with market indexes. As the short term trend on the market indexes seems to be terminated, I believe as markets start to retest lows, we could see VXX retest highs in the near future.
Long @ 53.01
Stop loss @ 47.25
Target @ 70-75 but start scaling out at 60
Trade Idea: Long $ZM @ 1472 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147.
Long @ 147
Stop Loss @ Below today's low.
Target @ 180
AUD/NZD forming interesting reversal patternThe AUDNZD pair reached an important support on the daily chart and formed powerful reversal patterns near the 1.00 round-number.
The ASX 200 and NZX 50, and AU/NZ yield differentials support higher prices in the coming days.
Interesting pair to watch. If you like the analysis, please hit the "LIKE" button to support our work. Thanks!
USD/JPY closed downside gap, selling opportunity coming?Hi traders, the USD/JPY pair closed this week's downside gap on a broad USD strength, but the Nikkei and SPX still show a strong divergence to the downside.
The dollar index is reaching multi-year highs near 100 and the 2y and 5y US yields don't show to be catching up with the dollar.
Positioning in the futures market through last Tuesday show an increasing bullish sentiment in the JPY.
From a technical standpoint, the pair reached the 61.8% Fib level of the recent down-move which formed a confluence with a strong daily resistance.
Trade Journal: Short $CZZ - Support Failure - 2/20/2020Recently market weakness made me want to look for and take on some short ideas in order to hedge some of my long trades. I have been stalking CZZ short and long and today CZZ looks like momentum is carrying it to the short side. CZZ has been in an overextended run for the past year and looks ready for some retracement. The 20 and 50 DMA is falling and price is below these two moving average which is a good bearish sign.
Entry - 21.07
Stop Loss - 21.85
Target - 18
TRXUSD IDEA: Trx long term strong bullish possibilityHI,
Trx making a double bottom and already breakout. probably trx can retest double bottom support area and then trx can up at marked resistance area and also you can note there is a trend line so it has strong possibility to retest support area. After retest trx can up for the next resistance area and if successfully breakout the area and if retest then has strong possibility to up more and more.
Support me to like & Follow
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TRON TRXUSDT IDEA: At short time looking market up and will be..At my short time looking market up and will be down for retrenchment at recent support, Otherwise, if trxusdt can breakout resistance successfully and retest then it will be more bullish because other time frames make the double bottom and from my multi-timeframe analysis trxusdt is fully bullish (long-term)
Support me to like and follow
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Global Emerging Markets - Macro Outlook & CommentaryTraders & Investors,
We anticipate emerging markets to be vulnerable to a macro slowdown following the virus outbreak in China. Emerging Markets have a high dependency on Chinese demand and consumption which often creates a very strong correlation between domestic activity/trade and the performance of these markets.
The effects of the virus are prominent with analyst expectations of substantial drops in Chinese Q1 GDP, dovish positioning of the Monetary Authority of Singapore, sell off in Crude/Brent, gaps lower in Asian Equities and flows into risk-off assets.
Following the euphoric bull run in 17'/18' and pullback into fair value, we see price correcting for a move lower into our buyside floor and macro swing targets of 34.0x.
We have added sellside exposure across both our macro and directional portfolios
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Portier Capital
Macro Strategy & Portfolio Management