EURCHF Still LongWould prefer to see EURCHF test the trendline, however we are long in EURCHF.
EXY (EUR) looking bullish longterm.
SXY (CHF) looking bearish longterm.
Trades
EURUSD LongSupport is in for EXY (EUR) we should expect to see EUR push to the upside (may have one more drop first).
DXY (USD) should continue to drop this week.
USDCHFThese trading ideas are only satisfied with valid price action. These are merely my opinions and are not intended for your personal trading decisions or any form of signals. Trade safely ...Good luck this week
BTC - Are we overstretched? Retracement Due?Are we due a retracement, it is a very heavy move that has done well over the past few days. Hard to rule out that we have turned bullish but there is certainly opportunities within this to accumulate some more before possible moves up...
AUDUSD Long PossibleAXY looks geared up for a significant move to the upside *strength
USD (DXY) might push up a little bit more before retracing *USD weakness
Might be early on this one, but SL is tight and TP to SL ratio is good.
CADJPY Short SetupCould see a bounce, retest, then continuation to the downside
or
Could see a clean break lower
Waiting for confirmation.
EURJPY New Long SetupPrevious Short Setup Netted Us Over 222 pips profit. *All in orange!
New setup would be a long either from where EJ is at now or after another stretch to the downside at one of the next support levels.
EUR (EXY) -> Could go either way, but the data suggests it will gain strength.
JPY (JXY) -> Should see a correction to the downside by later this week, could spike up a bit more first (in this scenario EJ goes lower before entering long)
Either way, overall long on EJ for the next few weeks. Trade coming soon.
Waiting for confirmation first!
CADCHF Potential Long Opportunity This WeekCADCHF, will need more confirmations and a dive into the H4 timeframe before making any trades.
Somthing to watch this coming week.
Retest expected before continuance of new trend.
EURJPY Underway Simple resistance based setup including an ascending channel with resistance trend/zone
Add in JXY (JPY*YEN) TA:
JXY -> Strength
+COT DATA -> JPY = Strength*
EUR -> EXY -> Has been weak and it's unclear where it's headed next
COT Data suggests that EUR will be losing strength and getting weaker supporting our EURJPY short trade.
Potential EURUSD ShortSimple supportive trendline combined with support structure.
Add in DXY (USD) TA:
DXY -> Weakness
+ COT Data -> USD = Weakness
The EUR side of the equation is the question.
EXY TA -> could go either way
EUR COT Data -> Mixed
*Setup to watch for.
*Not an entry call.
USDJPY ShortTechnicals alone show us UJ is ready for a move to the downside.
Cross Checking the USDJPY chart with DXY & JXY charts continues to support our short position.
And when checking the COT data we see that the majority of the big money is going long on the Yen and long on the Dollar.
DIA Puts InTaking a fun look at DIA with the retracements of the past to give an idea about the potential next drop.
USDCAD SHORTWe got a retest and the fundamentals + technicals look good!
USD should see weakness coming into the next week or so (as long as no one blows anyone up)
CAD should see strength continue to play out into the coming week or so.
Simple trade, good RR.
Enjoy!
GOLD - Looking for a right shoulder?Looking at gold we can see a possible pullback into the marked zones after the breakout of the uptrend as seen. Watch closely early on in the week to see how it all unfolds.
If we create a pullback we could see a Head and Shoulders formation which could indicate a possible trade.
AUDNZD LONGLooking for a short and long term buy on AUDNZD with target 1 being approximately 1.045 with a tight 20-30 pip stop from the current price and target 2 being 1.08 area with wider stop (smaller positions advised for this one, payout will be larger anyway). Rejection of rising trend and previous lows.
STORM/BTC potential 900%This trade is for the lazy long therm traders that like to make a lot of money.
Buy-in: 14-16 BTC
Next support: 11-13
Targets:
(1) 19 |Hit 19-Oct. (+36%)
(*) 21 |Hit 7-Nov. (+50%)
(2) 22 |Hit 22-Nov. (+57%)
(*) 25 |Hit 25-Nov. (+78%)
(3) 26
(4) 28
(5) 31
(6) 37
(7) 46
(8) 51
(9) 56
(10) 63
(11) 75
(12) 84
(13) 94
(14) 125
(15) 145
Profits potential: 935%
(Buy-in calculated at 14)
Stop-loss: Close weekly below 10
Capital allocation: <10%.
Let's make some MONEY
best regards,
Siebe Roeleveld
BTC SHORTS DAILYI am expecting increase in the price of COINBASE:BTCUSD ,
We are seeing an inverse head & shoulders on the 1H & 4H.
Might see a retrace to the 80** levels, then drop down again,
and BITFINEX:BTCUSDSHORTS go back up again.
Hope that my idea is wrong, and price keeps increasing & shorts go even lower ! !
This is not a financial advice, please invest carefully.
QUALITY OVER QUANTITY. And this is quality!There is a common problem people have, they see a set-up because it "sort-of" fits their strategy and take the trade. This is because people encounter FOMO (Fear of missing out).
The markets will continue to play out long after any of us are still alive. There are endless opportunities, so why take any old trade? Always choose the best QUALITY trades over LOTS of trades!
You will only be successful when you take quality trades. Even if your trade looses and you look back and can say to yourself "Ahh well its one loss, I did everything I could to my full potential it didn't work out.I'll Move on"
There is an opportunity presenting it's self soon here I think, but in the opposite direction I am fundamentally driven. So I move on, if it goes where I expect without me, that's fine. At least I can look back and be glad I didn't go against myself just to be in the market.
This is a big part of the Psychology trades always talk about. I'll go further into detail in the future but for now stay away from poor trades.
QUALITY over QUANTITY always!
Go get it!
ATOM/BTC trade idea (Bullish)Hello everyone, today I'm sharing with you my ATOM/BTC idea.
First of all, I'm quite bullish on Cosmos on the long term.
According to me its fundamentals are strong, but for now let's stick to my short-term idea:
- ATOM/BTC is ranging inside an ascending channel (bearish pattern)
- We can expect a retracement in the coming days.
- This retracement should be a nice entry;here's why:
* Fibonacci 61.8
* quite a big liquidity zone
Good probability to bounce from here.
Entry ~ 4055 - 3820
TP 5040
SL 3190
A very simple setup
Have a nice day!
EURJPYComplete of a gartely led D rejection at the key resistance zone 121.10 selling pressure triggers to 119.00
