Trade-idea
GBP/USD BUYS - 04.06.21Looking for price to create support/reject the 4h zone, will be closely monitoring the reaction on a LTF to find a good entry with a tight stop loss, will anticipate the price to reach at least the other 4H level before securing some profit and maybe letting a winner run... we'll see.
Is the Sleeping Giant ready? *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been following Alibaba for the past few months. We have an original entry of $207, with a short term target of $238.
There is no denying the massive oversell of BABA. It's a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October. So is the sleeping giant ready? My team wants new traders to understand that timing the market is impossible every time, so instead we're more focused on risk management. This is why our stop loss is at the $203 range. If it goes past that price range expect BABA to correct down to $188-191 per share. However, we're expecting the giant to have a short term rally up to $238.
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Feel free to comment and let us know your thoughts.
GBPUSD BUY OR SELL?With a closing wedge formation we expect the price to break trend and make a strong move either up towards the 1.43 arena or short to the next support zone of 1.40. With major fundamental influence coming from gold levels and some heavy data due for US, we remain patient to watch the price action. Our bias is short as this area does attract a lot of bears and there are various technical formations pointing toward a potential drop. We will be watching the pair closely over the coming days and will inform you of our next trade.
Trade idea for Silver XAG/USDWhen we have a look at the chart we can see that Silver has been struggling to go below the 23.7 level for a while now. So this is the reason why I would consider to go long on it for now.
The thing that we need to keep in mind is that there are a lot of people going long on Silver at the moment so we need to make sure that out SL is low enough so that we don't get stopped out when there is some SL hunting going on.
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Feel free to share your idea for Silver in the comments below
If you have any questions, feel free to PM me.
TRADE IDEA, SELL AUDCHFSWING TRADING JOURNAL
I'm bearish for AUDCHF and this is my plan
I will;
SELL AUDCHF somewhere at Green Box (try to sell higher as possible)
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
NZDUSD & AUDUSD OUTLOOK ANALYSIS & POTENTIAL TRADE SETUPSIn this video I have taken a look at NZDUSD & AUDUSD overall price movement and trend from Day timeframe all the way down to H4 & H1. Did a quick break down of key levels and current price structures and discussed potential trading setups and price movement in the coming week. Please give it a thumbs if you like my analysis or agree to it to certain extent and leave a comment and your analysis of Kiwi and Aussie against USD. Thank you
USD/CAD trade ideaWhen we look at the chart we can see that the price broke the rising wedge. When we get a retest of the wedge now we could consider to go short on it.
Please let me know in the comments what you think of it and feel free to share your idea for this pair.
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If you have any questions, feel free to PM me.
EUR/JPY trade ideaWhen we look at the chart we can see that the price reversed at the 0,618 level of the Fibb. We can see that this also happend in the past so we could say that it is forming a support zone. If we get to see a clear break of the falling wedge than we could consider to enter this trade.
Keep in mind that all trades are tricky becuase it is NFP week!
Please let me know in the comments what you think of the idea and feel free to share your idea also.
If you like the idea, do not forget to give it a like then.
If you have any questions feel free to PM me.
USDJPY Long Term HoldLooking to hold this pair until it hits it's weekly resistance. Since 2017, price has reached the resistance zone about 4 times. I am hoping that at some point between 2021-2022 price will strike 111.945. Let's keep our fingers crossed. Looks like the flag down might be close to it's end.