Trade-setup
Easy and Understandable Trade Setup on USDJPY!LH - 106.895 (bearish below this level) and continue T1 106.240 & T2-105.755
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Narrow range for traders on daily chart :
Traders, can trade both side and take profit until no-major change in volume and price.
Up-side breakout above 107.075
Weekly chart:
Falling wave(downtrend) inner side of the parallel channel:
Trade setup on 💰Bitcoin for "Swing Trader".Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn (at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month.
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======================= Replay (last worked) ======================
Tradeble Wave Trade-Setup with both side of consideration.......In-case of price is going cross LH 8952, we can see below projection:
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LH 8955 below, keep continue selling, if reversal exist then price must cross this level above.
Trade Setup:
PLAN (A) : Sell below 8955, for first T 8647 nearby and T2 8459
PLAN (B) : Buy in pull-back if price cross 8955 and stop-loss and target.
NOTE: I'll update if price crossover in Timeline.
Gold Analysis Gold has been very difficult to trade recently, being very choppy and trading within a relatively tight range. We saw on the last trading session of last week price dip into the major supply zone again, and then a strong bullish reaction from this area. The daily close was a bullish candlestick and managed to close above the 1700 handle which is acting as a key psychological level. With price managing to hold above this area it confirms our bias and we will continue to hold our long swing trade which sits at 630 pips in profit. We've highlighted an opportunities for a pullback to enter in a long position with a low risk/high reward setup and with high probabilities. From a COT perspective banks are yet to start to unload any considerable positions on their gold holdings.
$MOH tight consolidation at ATH - Long@173/Target 200 - 5/1/2020MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high.
Entry - 172.96
Stop Loss - 165
Target - 200
I will continue to update this post as the trade develops.
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started.
Rounded Pattern:
Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range.
From the 3rd of April, we are seeing average volume trading.
Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks.
In the last update: I suggested to buy EURUSD:
Parallel Channel proved its important, Bitcoin Kinnari_PrajapatiHello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied w as:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
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"" WEEKLY CHART ""
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This is " Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined . 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase , we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle .
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
PERFORMANCE Of Bitcoin link:
AUDUSD 100 Pip Long SetupHello Friends,
Today i'm looking for a buy on AUDUSD for the following reasons:
1. Coronavirus fears have greatly impacted the financial markets, with JPY and GOLD having all the fun, but this rally has slowed down. Any positive news regarding the spread of the virus will send markets back into risk-on mode
2. EURUSD has approached 1.10 Support once again, So weakness in USD is anticipated
3. Interest Rate Decision for USD tomorrrow, which should provide good volatility for this trade to get started
4. We are seeing some buying pressure at the 0.675 Level, where support held previously
Trade Journal: Long RH - 1/16/2020I started a position on RH based on some nice patterns on the Daily Chart. RH had been in a pullback phrase after making new all time highs in December. On 1/13/2020, RH pulled into and rejected two different key support levels - the 50% Fibonacci Retracement level and the 50DMA Pivot. A hammer also forms on the 30m timeframe where these two key levels are rejected. I initially wanted to go long when RH rejected this key level, however the R:R was not favorable at the time. Today I went long when RH broke out and consolidated above the Flag Pattern on the daily chart. I plan to take profits at all time highs and move stop to breakeven after taking profits.
Entry - 222.19
Stop Loss - 216.50
Target 1 - 240
Target 2 - 250
Trade Journal: Long INTC - 1/16/2020INTC has recently made new all time highs and is forming a tight flag pattern on the daily chart. This trade setup is called the First Flag and the setup triggers when a flag forms following a new high after a long multi-month base. The flag on INTC also forms right above the breakout point and the 38.2% Fibonacci Retracement Level. My gameplan is to sell 1/4th size when INTC makes new all time highs and move stop to breakeven. Since this is a tight flag pattern, my time horizon on this trade is until 1/31/2020.
Entry - 59.51
Stop Loss - 58.65
Target 1 - 60.50
Target 2 - 62
Trade Journal: Long SSRM - 1/15/2020SSRM broke out of a 4 month base in December and has been in a pullback for the past 2 weeks. I've been watching SSRM to go long on this pullback and the trade setup finally triggered. SSRM had pulled back into a key area of support - the previous breakout area and the 38.2% Fibonacci retracement level. Furthermore, a bounce at this area would be considered a 21EMA pivot. SSRM also has a clear downtrend on the 30m timeframe therefore my gameplan was to get long when the trend reverses with higher highs and higher lows signaling a bullish trend. I went long SSRM at 17.97 with a stop loss below today's low at 17.55. My target on the trade is 19.25. I plan to take partial profits when the 30m bullish trend terminates.
Trade Journal: Long BIG - 1/15/2020I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is forming right above the previous breakout trendline. Furthermore, price is clearly rejecting this trendline with high volume hammer candlesticks. I went long BIG at 29.85 with a stop loss at 29.15 below the previous low. My target on the trade is 34.00.
In hindsight, I probably hit the trigger too early on this trade. Price is currently right below a strong level of resistance at 30.50 and looked like it rejected this area on Monday. When I start new trades, I usually want to see no nearby levels of resistance where the price could have trouble (Clear skys). I should have waited for this resistance to be cleared or skipped this trade. Depending on the price action tomorrow, I may choose to close this position early.
Long DSSI - 1/14/2019I went long DSSI today in the morning, based on yesterday's price action. After failing to hold highs DSSI has been in a pullback phase for the past week. Yesterday DSSI printed an average to high volume hammer at three key levels; the 50 DMA, the original breakout trendline , and 38.2% Fibonacci retracement level. My entry was 15.44 with a stop loss at 14.80. Target on the trade is 18.00.
USD/CAD BREAKOUTS! ( NEUTRAL 1.34200 or 1.31900) My BIAS for USD/CAD for this upcoming week is NEUTRAL.
My reasoning behind this is
-We are currently consolidating between 1.33400 & 1.31900.
-We have just rejected a strong level of Daily Resistance and broke down about 50% of the current distance between our Daily Resistance and our strong 4HR Support.
-We could see a break above our Daily Resistance followed by a retest with targets of 1.34200 at our previous Daily Resistance.
-We could also see a break below our 4HR Support with targets of 1.31900 at our previous Daily Support.
I will not be taking this trade until I see one of these breakouts.
Like & Follow for future updates and analysis.
Bearish Movement Coming on USD/SEK by ThinkingAntsOk-Daily Chart Explanation:
Price is currently making a Double Top Pattern with the previous high. We need for a rejection daily candlestick to confirm the bounce, but in case it happen then there is a potential movement towards the Support Zone at 0.9300. And, nn case this zone is broke, then the Weekly Ascending Trendline would be the target.
-Weekly Timeframe:
EURUSD - EDUCATION - 08. JUNE. 2019DACAPITALTRADING V2.0:
WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS
FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY!
-
1 HOUR
Strong bullish market right now forming new highs.
4 HOUR
Bullish breakout with strong buyers pressure.
DAILY
Over 60% pullback of previous elliott wave and range.
OVERALL
Very strong market right now, I expect market to form new highs at the beginning of this week and pullback
towards our psychological level midweek/end of this week. Depending on market open if price gaps down there might be
a strong selloff on monday impacted by npfs on thursday.
I will update you as soon we get some price action :)
Good luck
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ALAN
AUDCAD LONG SETUPAUDCAD has broken through the current downtrend on large bull momentum (steep stochastics).
We expect the momentum to continue as it goes and tests the 38.2% fib in the short-term.
In the long-term we can see 0.97000 being tested if the trend holds.
SL below recent lows.
Buy
TP 1: 0.95400
TP 2: 0.95950
TP 3: 0.97000
SL 1: 0.93800
SL 2: 0.93180