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Trade-ideas

Watchlist ideas - 4/21/2020 - $NUGT $APT $WMS $DISGold has been a very volatile commodity last month but looks like a recovery is in the midst, $NUGT looks good for another leg up here. Long above 12 with a stop loss at 10.48. APT, a coronavirus play, has been consolidating right above the rising 5DMA. I think APT is right about to lift here. Good above 14.75 with a stop loss at 12.85. WMS, a utility stock, has formed an inside day right below the 200DMA. Yesterday's up day was on very high volume so today's action would be a clue for further upside in the near future. Good above 36 with a stop loss at 34.20. DIS has formed a very nice looking base on the 65m timeframe. In terms of relative strength, DIS has been relatively weak and beat up. Regardless, this could be a good long above 108.
NYSE:DIS
by Trader_Kaji
CHFJPY bullishI'm in this trade right where you see the text At this point though, I see no problem in coming in for a buy if you're not already ADX and DI+ signals are growing stronger now at around 33 and 25 respectively Ichimoku continues to show conversion over base, and the market remains well above the cloud. SAR is below the current candle, though the closer it gets to the candle, it seems ready to flip. Even with the sell candles and the closeness between candles and the SAR, I think the uptrend will continue. It would be an amazing play on words to say things are still looking bullish
Long
by kayleighramesar
1
Short AUD/JPYSELL AUD/JPY @ 74.438 SL @ 75.250 TP1 @ 73.880 near 23.6% TP2 @ 73.500 near 38.2% TP3 @ 73.200 near 50% -Price action shows a bullish trend but double topped at whats looks to be a strong daily resistance respected many times as far back as Sep. 16, 2019. -TP3 sits well at the 50% level which has also been tested multiple times mid October. -Economic indicators show a lower unemployment rate, inflation rate and and interest rate in Japan's market than in the Australian market but to play it safe I am using minimal risk with a very small lot position. -Technical Analysis is the main reasoning behind this prediction seeing how COT reports do not show a grand amount of long orders for the yen. *Let's hope for the best and prepare with minimal risk.
Short
by aromanFX
Structuretradingview on BTC05/19/2019. Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control... Technical Analysis: Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib's 50% (7094.0) price level showing a bullish engulfing pattern. From the previous trade session, we can see that at same Fib's 50% price level, acted as a support then went on to hit the Fib's 100% price level and did a reversal down back to Fib's 50% price level. Waiting to break resistance price level at Fib's 61.8% at 7483.0 price. Area valued to enter for this trade would be above the resistance price level at 7520.0 and set my first target price at 7861.0, take my first profit out of the market, wait to take my second order to aim target price at Fib's 100% price level at 8448.0 price...
CME:BTC1!Long
by Richie-Structuretradeview
MKSI: Longer bottom completed and moving with momentumMKSI worked on a longer-term bottom formation that is completed and moving up with momentum at this time. The consolidations of the past two 1-day runs are very precise and horizontal. These candlestick patterns offered excellent low-risk entries. The stock has an all-time high around $128, so ample room to move up further. It has also completed a near perfect V Trough formation on the long-term cycle indicator chart. Currently price is controlled by professional technical traders.
NASDAQ:MKSI
by MarthaStokesCMT-TechniTrader
$USDJPY - RISK OFF TRADE. BONUS $EURJPY & $GBPJPY TRADESRecently seen risk aversion in the market with US equities almost 9% off the recent peak (SP), US 10 year yields off the highs from 3.25% as low as 3.11% where there is near term support, Traditional high yielding FX (AUD lower, NZD lower, EUR lower, GBP lower), WTI crude 14% off recent peak and safe haven flows lifting JPY, gold, silver and US bonds. We're now seeing US equities stabilizing at 2700, USDJPY holding $112, US 10Y yield stalling at 3.11%, gold pausing for breath at $1235 resistance... as the market decides where to go next. If $USDJPY stays above $112 this trade doens't count and can expect a rally and re-test of recent peak at $114.50. If the risk off continues, JPY will strengthen across the board, key measure will be USDJPY will break through $112. Currently, trend line support and horizontal S&R @ $112 handle holding this market up, if that were to break, could take this market down to the $110 area, as always, taking profits along the way and managing stop loss. There are other alternative trade ideas... that offer higher reward to risk ratios... EURJPY GBPJPY as posted below. As EUR is weak across board due to growth and political reasons... with the Euro Area PMIs missing this morning again and situation in Italy still at logger heads continued weakness for EUR and no clear light in sight. Sentiment is very bearish this market. Note that ECB rate decision Thursday and i cant see how Draghi can be optimistic about the slowdown of growth in EU.. what will his comments be on QE ending in DEC, growth, Trade tensions... at worst he could say that QE may be extended due to economic slowdown that Dovish rhetoric would be very negative for EUR across the board. Then theres GBP which has the same outlook, economic data isnt great and the continued Brexit deadlock, GBPUSD technically breaking key technical levels and sentiment is very bearish on this market. With US GDP reading on Friday (which is expected to be strong) and mixed earnings season with lot of analysts talking about how sales and revenue are slowing. Be worth keeping an ear on the sqwark (or Twitter) to note whether earnings are good/ bad and whether this GDP figure is good/ bad as a factor in determining where the risk sentiment will go next
Short
by AlexClarkFX
Gold jumps to hit our take profit – Are you ready for next tradeInvestors will also be looking for the U.S. economic events like building permits, housing stats, and Philly Fed manufacturing index to determine further movements in gold. In case you don’t know, the dollar shares a strong negative correlation with gold. Therefore, the positive data may drive bears in the bullion market today. Refer to Fxleaders Aug 16 – Economic Events Outlook for more understanding of trading these events.
FX_IDC:XAUUSDShort
by FXLeaders