Trade-setup
$XRP impulse is holding for now, bullish ST, HL long opportunityDisclaimer: This is not financial advice. High leverage trading is about entries, you need to have patience and not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. My aim is to capture quick & safe profits, not to predict the future, this is possible only by planning ahead and waiting for a good entry. If you're nervous and itching to open a position then take a few deep breaths and don't trade.
$XRP is stuck in a range right above the .5 fib level, the impulse that started after the crash in March seems to be holding up for now. Should we lose 0.22 on the daily then the impulse scenario would be invalidated. Short term another leg up is in the cards, targeting $.32.
High leverage long set up:
Entry: 0.25-0.22, the closer to 0.22 the better
SL: 0.22
TP1: .32
TP2: .5
MSFT LONG We need to proced with caution with this trade, the markest have a lot of volatility and risk aversion at the moment.
On the technical side we have a nice buying area that we have tested before arround the 195, in case it breaks to the down side we close the trade because we don´t if the stock can return to 140.
Tesla UpdateSituation
After the last analysis, we pumped from 0.618fib.
Right now we have already pumped by 20%+ and if you don't have a position, you are probably wondering what to do.
Trade
If you longed at around $360-$370, there is no worry. You can probably take some profits and hold until $550+
If you have an early short, you may be in serious trouble. We are only bearish, if the green trendline around $360 will break.
If you want to enter a long, wait for about $400, that's the best entry from a RR perspective.
GBP/USD at big resistance levelWhen we look at the chart we can see that GBP/USD is at a big support level in the past. We will be looking to see if the resistance is able to hold or not. If it is able to hold than GBP/USD could be in for a big drop.
Let me know in the comments what you think of it and what your idea is for GBP/USD
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AUDCHF| SELL TRADE📉| INTRADAY| MOMENTUM TRADEHypothetical scenario:
(1) Entry @ 0.64415 (Sell LMT )
(2) Stop Loss @ 0.64620 | 20.5 pips
(3) Target 1 @ 0.63710 | 70.5 pips - 75% closure - SL to Break-Even
(4) Target 2 @ 0.63290 | 112.5 pips - 100% closure
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.