EURCAD TRADE IDEA THE PRICE HAS BEEN REJECTED TWO TIMES ALREADY FROM THAT BUY ZONE.. BUT PRICE IS ALREADY OVERSOLD, SO WE HAVE 2 POSSIBLE SCENARIOS FOR THIS PARTICULAR PAIR.
2 ENTRYS WITH 3:1 RR
Trades
EURUSD H4 Daily & BeyondHey all,
We entered our EURUSD short trade at 1.11567 ( +51pips floating profit at the time of this post)
Taking a deeper look into the H1 & H4 charts we see the potential for a third test on the upper trendline.
With this in mind, we decided to lock in our profits with our SL at 1.11234
We are watching for confirmations in consideration for a long play from current prices to around the 1.1139 area for another short entry and a long profit of 40ish pips.
Waiting for confirmations.
Long term we still see the 1.105 area as our target.
ADABTC Potential Trade Set Up! Hello Traders!
Welcome to another update,
Today’s chart will be on ADABTC pairings, potential trade setup
Points to consider
- Trend recently putting in higher lows
- Price tested major resistance - .618 Fibonacci Level
- RSI testing upwards trend line
- Stochs showing upwards momentum
- EMA’s giving price support
- Volume increasing, above average
- Potential Bull flag formation
ADA has recently experience an increase in bullish volume which pushed price to test local resistance being the .618 Fibonacci Level, where it was then rejected and starting consolidating in a small range…
The EMA’s have been holding price as support whilst a bull flag formation comes to fruition right under the local resistance. The extrapolated target for this bull flag will push ADA to next upper level resistance.
The RSI indicator is currently respecting it’s upwards trend, which is quite bullish unless broken. Similarly the Stochastics is also showing bullish signs as it projects momentum upwards…
A break bullish break from this formation will make ADA retest the .618 Fibonacci resistances, if volume increases upon this break; it is more probable that ADA will continue its bullish trend, putting in another higher low…
What are your thoughts on ADA’s potential bull flag? Please leave a like a comment
And remember
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
BTCUSD $9K and Lower IncomingShort since $10,280.
$9,600 TP1 Hit.
$9K flat next.
Followed by $8K, $7K, and Bottom around $6K potential if downside continues.
USDNOK Short Nice Opportunity Entering short at the top of 6mo range. Reversal zone.
TP 266pips
SL 70pips
Go small!
DXY also looking bearish, matching our play here.
CXY - CAD Long Term Weakness Continued?Expecting CXY to continue its long term weak trend.
CAD/XXX = \bearish
XXX/CAD = /bullish
*Generally, XXX matters just as much!
DXY Expecting More Downside?Expecting DXY to have continued weakness.
This will be helpful to know for all USD pairs.
Remember: Think of pairs as a teeter-totter (Weakness:LightWeight) & (Strength:HeavyWeight)
USD/XXX = \ bearish movement
XXX/USD = / bullish movement
*Generally speaking the XXX side matters just as much*
USDCHF H4 & Daily Possible Short Opportunity USDCHF has been one of our favorite pairs to trade over the last few months.
With USD losing Strength and CHF Weakness followed by solid Strength
Points us to a short opportunity especially on the 4 hour.
EURCHF Potential Short Coming UpWe see a short opportunity coming up this week for EURCHF however the individual currencies make it unclear at this time.
EXY has no clear direction ATM however we are Bullish Bias
CHF has another week or so of weakness before Bullish Price Action.
Lets see how this plays out
EXY Weakness Dispite Brexit? Chart says weakness, Brexit says strength...
Which will it be?
XXX/EUR - Bullish?
EUR/XXX - Bearish?
XAUUSD Gold Mess | Long Term Very Bullish | Very Gold, when is the "right" time to go long?
1278 too soon? or Just right?
Let's find out and see.
Buy and hold physical/real GOLD!
Gold backed dollar end of the month?
Brexit?
Global economic meltdown? Question is not if, it's when!?
WTI shortNot the worlds best setup.
Just showing what we are doing.
Risky trade, take at your own discretion.
