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MPC - 6.02% Potential Profit - Bullish PennantClear uptrend Support with a Bullish Pennant forming and price about to break-out. Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run. - 5-month uptrend - RSI above 50 - STOCH approaching 50 - MACD above Signal Suggested Entry $39.35 Suggested Stop Loss $38.61 Target price $41.72 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:MPCLong
by maschera
BABA - 9.19% Potential Profit - Bullish Rectangle BreakoutClear uptrend Support with a Bullish Rectangle formed within. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $266.78 Suggested Stop Loss $259.47 Target price $290.81 Note that I tend to adjust stop losses in order to secure profits early and preserve capital . This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:BABALong
by maschera
6
ROKU - 8.72% Potential Profit - Ascending TriangleBe careful - earnings tomorrow. I suggest you wait for earnings to be out to then confirm or dismiss the below theory. Once out, I would place an entry with a Limit order to confirm the breakout. 5-month uptrend with Support confirmed multiple times over the past 5 months. Ascending Triangle formed within, breaking through consolidation with an opportunity to touch a new resistance at Sep19 all-time high. - 5-month uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $158.92 Suggested Stop Loss $154.41 Target price $175.43
NASDAQ:ROKULong
by maschera
2
DOCU - 8.68% Potential Profit - Ascending TriangleApproach this with care. Medium confidence on the Resistance Line due to a lack of touch-points. Strong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Ascending Triangle formed within, just broken out. Place a Limit Entry to ensure triangle support confirmation and decrease risk. - Historical Uptrend and All-time High - Pandemic-friendly Stock - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $220.43 Suggested Stop Loss $214.69 Target price $239.17
NASDAQ:DOCULong
by maschera
Amara Raja Batteries from 4 July 2020April-May has shown considerable Upside movement June - July month is showing consolidation period ... prices has touched the red zone thrice ==> also showing breakout ( very high volume ) Daily chart is showing evening doji pattern .... Future price movement can be expected in two ways .. 1. legitimate breakout ... new consolidation zone around 740 ... at-max this month 20-25% growth can be their ... 1 July opening 650 --> max 780 - 812 very tough 2. cup and handle formation then after good investor build up takeoff to 740 zone ---> if prices come down ... then expecting the end of handle to be around 660-666 then shoot to 740 zone trade strategy ... 1 safe one ---> sell 640 PE --> sell at 665 zone 2. somewhat risky --- > sell 640 PE ( at price level of 665) + sell 800 CE right now --> heart of steel require
ALong
by Trade_with_yash
Short Opportunity - Rising Channel looking to failHi All, It has been some time since I have posted a public analysis. We are currently at resistance at the 7250 region. Difficulty breaking this does not bode well as the next order block has proven to be historically a stronger resistance. There are two primary trend lines that im looking to have respected. We could see a retrace to that 8K region however this seems unlikely. We already tried to break the channel downwards once, the movement back in likely liquidated shorts. I believe this current minor pump to be a standard Bull trap. Histogram and MACD weakening. Volume is very low. 20,50 and 200 MA's are hugging their respective trend lines. Doesn't look promising for a break to the upside. Lastly, we are looking to break to the downside of the rising channel a classic reversal pattern as well as the Ichimoku cloud. Short entry @ 7149, Target @ 5671 (Next order block leg down). Stop @ 7480. Can widen this if you please above 7520 region. Thanks guys, leave a comment and let me know your thoughts, Traders-Corner *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
BITMEX:BTCUSD.PShort
by Traders-Corner
AAPL, weekly charts pullback expecctedHi everyone, Lets look at AAPL weekly charts While stock remains bullish, I think its set for a pullback, which I think is actually good for the stock too. It has had a massive run up and has bulldozed over all the expected the resistance zones on weekly charts. At this stage we see the following prevailing conditions 1. RSI dipping from overbought conditions, interesting to look where it finds support 2. The Major dominant and minor cycles both expected to bottom, having more impact on price movement , supporting my expectation of pullback 3. Short term support near $ 300 levels 4. Intermediate support near $270 to $290 5. We are near expected weekly cycle target range with low expectations of excessive higher levels being sustainable I would wait for the cycle pullback to happen and await the beginning of the new cycle to revisit the chart and market conditions and go long! If you like what you see, please share a thumbs up and follow me for more updates
NASDAQ:AAPLLong
by LoveForCharts
1
Deutsche Bank LongNYSE:DB Entry - $7.60 Target 1 - $8.30 Target 2 - $9.65 Target 3 - $12 Stop loss - $6.79 DB is at an important Fib level as well as showing Bullish Divergence. Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very powerful. I plan on taking a 100 share position and selling calls against it on the way up as we hit important fib levels/moving averages. Trade at your own risk and remember, this is not financial advice and I am not a financial advisor. Do your own research and due diligence.
NYSE:DBLong
by BrownBearTrades
4
GBPUSD sell now?Welcome to Forex Trading Snacks I know it’s the GBP! And some traders are asking is it time to sell it now because of it’s recent pop up from a short term bottom? No one up to this point has asked me if it was a good time to buy it for the same reason? So if everyone is short why is it moving up? Truth is there is only one good reason for getting into a trade short or long... That is to try to make money! However there are many reasons to get out of a trade, all of which cause an opposite move in price to the majority of trade positions / trend. Example with the GBPUSD a lot of traders are selling it driving price and thus creating this trend down, but when these traders want to unwind the trade / get out / lighten up on their short positions, they must buy it! And that buying pushes the price higher until either sellers enter, or sellers panic and want to leave their short positions and try to get out at any cost. The later can cause an impulsive move or a squeeze with lots of followthrough. That option in my opinion has a minimal chance in happening at this time. Of coarse if there were some surprising new news on Brexit then anything is possible. Barring any surprising news, my trading outlook is to the short side of this pair. Because of it’s bounce today and because of price action, I favor a short at or around the 1.2250-1.2325 area. From its recent swing high, this down move has had at least 2 bounces retracing the trend by 250-300 pips. With today’s price action we are currently only about 50-70 pips away from my lower range. In addition we have a down sloping top trend line of the swing move that is coming in at the middle of my range as well. With the 21 EMA daily moving average currently sitting 1.2200 Seller might be looking to take profits and then looking to again establish new shorts at higher prices. I just happen to be in that camp. These views, trade ideas, opinions, are for training purposes only. This idea is not trading advice. If you decide to trade any ideas that are posted you also assume all risk of loss should there be any. In trading you either make dust, or you eat dust! All the best
Short
by PipsTradingClub
Is Ethereum Poised To Drop Further? Timeframe: 240M Main Scenario: ETH/USD could resume the downside movement if the rate will make a valid breakdown below the 150% Fibonacci line. You can see that it has developed a minor chart pattern, so a valid breakout from this pattern will confirm further drop on the short term. Alternative Scenario: We may have an upside movement if the rate will make a valid breakout on the upside. You should know that an important upside movement will be confirmed only after a valid breakout above the outside sliding line (sl). Entry/Stop Loss/ Take Profit: Maybe you can go short from 401.36 level and you should place a Stop Loss at 414.04 level. The Take Profit could be at 375.71 level. Duration: 3-5 days Consolidation/Ratification level: The Stop Loss can be dragged below the opening price if the rate will make a valid breakdown and if it will stabilize below the 397.84 level. Warning Level: You should be careful because a false breakdown from the minor chart pattern will signal a potential bullish momentum Risk Management: Risk/Reward Ratio: 2.02
BITFINEX:ETHUSDShort
by Forex_Academy
1
2 proposed scenarios on EthereumThe bearish case: We've seen the 850-900 range as a key support and resistance level for ETH. Given that ETH has failed at the 50% fib and at lower end of this range at 840, im relatively bearish on ETH. Also given the likes of NEO/EOS/ICX, being almost direct competitors to ETH, first mover advantage may be the only trump card that it has left in its arsenal. The bullish case: For all those ETH bulls out there, we can observe that ETH has printed a large 'cup'. It takes two prerequisites for ETH to relive its glory days. (1) Find support at 23% fib around the 600-650 price range. (2) Complete the handle pattern, revisiting the 850-900 range followed by the anticipated breakout. A good trade setup may be to go long at 600-650, with tight stop loss, and patiently wait for its fruition, however, always measure your risk-to-reward ratio. Sometimes, one may enter only on the breakout, but this lowers the R-to-R ratio, ultimately, this is up to the individual. Watch for other indicators such as the MACD and RSI. Always remember to combine your TA with some fundamental analysis and observation of the larger market situation. *Not financial advice, and should not be interpreted as such :)*
BITFINEX:ETHUSD
by gingerbre4d
Undervalued company with GREAT financials! FREE VALUE PICKHeres some easy money, Navios Maritime Midstream Partners L.P. is a services and shipping company. It has been priced at a premium by the market as a result of overreaction to selling of ships. These ship sales have increased the company's cash flow and helped them build an already extremely beefy balance sheet. I believe the market has priced NAP at around a 30 percent premium. You shall see in due time Peace out plebs (Happy free trade sunday!) Darklord_
NLong
by I_I_I_I_I_I_I_I_I_I_I_I_I_I_I
Another "Flag Break" on GTO/ETH making a quick 8% profitIt has been a while since our first and last trade but we're at it again with another nice Flag Break trade setup on GTO/ETH at Binance. To give you some context, the goal with our trading on our Binance account is to increase our ETH. At the beginning of this month, we started with 4.49 and after our first trade that grew to 4.8. Today we saw a quick trade opportunity on on GTO/ETH at Binance. After a huge run yesterday it consolidated on light volume and found support around 40.500 while forming a flag pattern. Trade Plan: Enter trade when the flag is broken Trade Management: 1. Entry: After flag break, above moving averages (12 and 50 on 3m timeframe) for higher probability. We missed the initial break of the flag but got in when price started running again at 45.197. 2. Profit: Usually you can take 1/3 - 1/2 of initial run as profit target/exit if you have the patience. But since we saw some big sell walls in the order book and we're satisfied with a decent quick profit, we decided to take partial profits just before the big sell walls. Sold at: 1. 47.989 2. 48.979 3. 49.769 3. Stop: -2.5% of entry, 44.067 4. Profit: 7.8% With this trade our ETH's grew from 4.80 to 5.17. Please like and share if you found this informative and helpful. Leave a comment if you have any questions. Leave you with a quote: "It's not the daily increase but daily decrease. Hack away at the unessential" - Bruce Lee And until next time, good luck with your trading.
GLong
by Trade_Masters
GBP/AUD Multiple setup opportunity GBP/AUD is inside of a symmetrical triangle formation. You could issue a scalp buy after the break and retest of the descending trend line, as it will try to reach the longer term descending trend line. Once Price reaches the primary descending trend line, you need to wait and see if it fails to break through on a 4hr time frame. In the event it does break through, wait for a retest on a 4hr time frame, after the retest confirmation issue your buy and hold for at least 50 pips.
by NEXT_LEVEL_ENTREPRENEUR