GER 30 Sell IdeaI feel that price will attempt to test 50% of most recent low. The stochastic line is testing the lower half and I know earlier this week price over exaggerated. I used the fibonnaci to retrace certain percentage points to take advantage of the pullback. I will trail my stop loss once I get a decent amount into profit!
TP's:
1. 12844.31
2. 12670.22
3. 12297.15
4. 11345.84
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EURAUD Longshot!I feel like this price point will challenge at least 50% of the most recent high!
I entered this trade since the daily and the 4 hour were at the bottom of the stochastic and it seems like the current flag down is approaching its end.
Good Luck!
Tp's
1. 1.63405
2. 1.63869
3. 1.64382
4. 1.65188
5. 1.68292
eBay Long StrategyMy entry is at $48.49 and I'm expecting resistance towards $48.75 and the $50 levels. My long target is upwards of $56+. Right now, I think eBay recently had a downtrend correlation, but is about to pickup some support levels for where it left off. I consider it low to mid risk as a long term hold. That being said, do your own due diligence and invest at your own risk.
AUDCAD Head and Shoulders Neckline broken - SellSee past AUDCAD ideas, This has taken a while to come down but things are starting to set up nicely.
We have a neckline break, now waiting for a close under 0.9500 before I enter sell.
Entry 1 @ retest of .9500 support back area (new resistance)
TP 1 @ 0.9410
TP 2 @ 0.9290
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EUR/GBP BUY OPPORTUNITY 📈Please hit the "LIKE" button if you find this post useful. Also, don't forget to subscribe to get more trade ideas like this. Thanks!
TECHNICALS: Hi traders, here we have a possible buy opportunity in the EUR/GBP pair. The daily chart formed a bullish reversal pattern right at the 78.6% Fib level and returned inside the structural framework, signaling a fake breakout. The 1-hour chart shows a fresh higher high forming after a consolidation breakout. The pullback that is currently developing could provide a buying opportunity in the pair.
POSITIONING: Note that bullish positioning in the EUR is still very strong compared to GBP according to the latest CoT report. Bearish flows in the pound have been increasing overall.
INTEREST RATES: Yield differentials look neutral at the moment.
UPCOMING ECONOMIC REPORTS: BoE Monetary Policy Meeting on Thursday.
== SUMMARY ==
We remain bullish on EUR/GBP with a target around the lower 0.91 levels. Note that we only take a trade after all rules have been met.
BTC ShortWe see a recent dump on BTC reaching 8.9K and in the past days price has retraced to the 9.5 region. this weekly analysis shows that if bulls break the resistance at 9545 region we will see a major stop at 9.8 area where there is a trend line from ATH. Bulls will definitely break it. if the weekly candle closes above it, then we are definitely going to the moon. The other side which is very much possible is failure to break the 9545 resistance with enough power. This will result in the week ending in a sideways market.
Otherwise we are going for a dump to 8750, the gap that was at 9.4K - 9.5K region has been closed. Failure to break 9545 with significant volume means dump is imminent
Good as Gold? Trade idea could Gold fall? ShortHighly speculative as traditional indicators only suggest neutral movement instead of correction!
However, all markets seem very jittery and prone to exaggerated movements currently, so could Gold suddenly reverse and ignore normal trend of falling when stock market rises with good economic data is released and rising during this current period of uncertainty/ Is it still possible for Gold to hit target of 1776 this month? Hell yes but a major correction possible as the World struggle to regain normality,
So entry would be after initial market opening for Monday order completions, however, expect any move below 1723 to be significant and lead to s ell off all the way to TP1 at 1712, tp2 1701 and tp3 168 0. Therefore entry after retest of 1723 and the ride down this move could take 1 day to 4 days to complet e. Will it begin 15th June or 16th June is only consideration? Remember, if taking this trade on, the risk, if a recommendation required should be more than 5% and move your stop loss after day 1 of trade to accommodate a risk free trade.
This is a volatile market so losses are part of trading and the downtrend looks promising from here.
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Brexit kills GBP gains. Big Short? EU dispute hurts..After a steady rise and likely coming strength from treasury bills the current EU debacle continues with impasse. Markets reacted badly on other GBP pairs so expect USD to follow. Time to cut CABLE?
GBP is close to natural resistance and therefore any early gains will be reversed after early trading.
Entry 1.251 after awaiting NY session to open then tp1 1.235 then 1.212 before tp3 1.18.
Normal risk sensitivities apply so recommend 5% or less and remember all trades have the potential to lose money.
EU trade dispute and increasing local Covid and race relations issues may cause the GBP to tank for awhile.
Natural fall and rise exacerbated by politics.
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DJI/US30 Trade Idea - Big Short - Black Monday?After the peak comes a correction.
Hitting 27000 could have meant steaming on to 30000 BUT a major reversal came on Friday could have been short-lived, however, break in trendline too severe following economic and political tensions beyond a traditional profit taking session. Highly speculative signal that the market will correct further to below 24000 for TP1 and then 23000 for TP2 before possibly even hitting absolute short target of 20000. Entry dependent on early trading so any rise to a fake high to say 26500 is worth waiting for until correction comes and enter at 26000. Otherwise enter anytime sell off begins (e.g. 300 point move downwards).
The next 2 business days will decide the course and full event may take 11 days to fully complete. With a dramatic short who knows ? Is confidence in the US really fragile or is it pure profit taking from the new recent high before the march to the next new high? Time will tell so check your charts and hold on for the ride!
Typical caution required so risk no more than 5% if guidance needed and when in clear profit move your stop loss to consolidate any gain on day 1 to ensure complete freedom of a risk free trade. Please let me know your thoughts and acknowledge your results if at any point of 15th June you enter this trade and win?
Losses are part of trading and this is my fourth prediction so running at 3 out of 4. Good luck.
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US30/DJI Trade Idea LongOnly serious market reverse will stop US 30 hitting new highs. All indicators suggest tp1 of 25701 and tp2 in range of magic 27000. Moving currently in a predictable channel so suggest entry between 25630 and 25566. Bulls to outrun bears before major correction. Always consider protection from loss from any trade idea (The Market knows best) so suggest 5% or less if advice required.
USD/CHF LONG - FEB.24Very nice setup. Price has approached an area of previous support/resistance and is most likely to bounce to the upside. I am going to wait for the daily candle to close before going long. If the daily candle closes below the area than don/t open the trade! Use proper risk management and good luck :)
NYSE Stock Picks: UPS NYSE:UPS
NYSE: UPS
UPS has been trading nicely in this short term upward channel, price is looking to bounce off the lower boundary and head again to the upper boundary targeting 127.50.
A break lower will make this trade idea void.
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(FX-NYSE-Crypto-Commodities)
BTCUSD will the spike beat the bearish stance?BITSTAMP:BTCUSD
BTCUSD
Even after a strong push to the upside, price was not able to push beyond the channel upper boundary.
If buyers were not able to push beyond the 7450, price will continue to push lower targeting the 6850 the lower boundary of the channel.