EURCAD short valid 😃👍Entry details are shown on the chart.
Working the 30M time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Tradesignal
📈 USD/JPY - JULY 05 - Bullish Bias, but Risky CoT PositioningDaily update for USD/JPY for July 05. Here is what you need to know to trade today.
FUNDAMENTALS:
The US NFP release led to strong selling pressure in the USDJPY pair, which was partly the result of profit-taking in the USD after the pair reached near multi-year highs.
The JPY is the weakest currency for the last 2 weeks, but the absence of major market reports this week (and the US holiday today) could mean that the pair will remain within familiar ranges.
There aren't many reasons to believe that US yields won't rise again after a strong NFP number, despite falling unemployment rates.
The USDJPY pair should overall remain well bid during the day/week.
Latest Headlines:
JPY News:
-USD/JPY struggles for direction, holds steady around 111.00 mark
-USD/JPY now seen within 110.60-111.65 – UOB
-BOJ raises economic assessment for two of Japan's nine regions
-BOJ maintains assessment for 5 of 9 Japanese regions in latest economic report
-USD/JPY Price Analysis: Struggles to defend 111.00 inside fortnight-old rising channel
-Japan Jibun Bank Services PMI up to 48 in June from previous 46.5
USD News:
-US Dollar Index remains on the defensive near 92.20
-US Dollar Index Price Analysis: DXY probes rising wedge breakdown above 92.00
-US inflation expectations fade recovery moves
-Fed and ECB events to keep an eye on this week
Upcoming Market Reports:
Here are the most important market reports for USD/JPY to follow in the coming days (all times are UTC timezone):
Monday at 12:00: USD Bank Holiday
Tuesday at 14:00: USD ISM Services PMI (Expected: 63.9 , Previous: 64.0 )
Wednesday at 14:00: USD JOLTS Job Openings (Expected: 9.34M , Previous: 9.29M )
Wednesday at 18:00: USD FOMC Meeting Minutes (Expected: , Previous: )
Thursday at 12:30: USD Unemployment Claims (Expected: 375K , Previous: 364K )
Thursday at 15:00: USD Crude Oil Inventories (Expected: , Previous: -6.7M )
INTERMARKET:
Nikkei 225 and yield differentials point at some weakness in the pair from an intermarket standpoint.
SENTIMENT:
CoT:
The latest CoT report showed that leveraged money increased their bearish bets on JPY, while simultaneously reducing their bullish bets, to reach an almost 3-year extreme. The last time the bearish positioning was this high (March 2020) marked the start of a significantly strong bear trend in the USDJPY pair.
Note that the net short positioning in USD decreased slightly from extreme levels after the Fed's hawkish shift, signaling the risk of a short-squeeze.
Positioning is bearish for USDJPY.
Currency Strength for the Last 2 Weeks
TECHNICALS
Price-Action:
The pair is trading in an uptrend on the 1-hour chart and touched a rising trendline support, where buyers pushed the price higher this morning. The pair broke below the 61.8% Fib but recovered some ground recently, which could signal a dip into liquidity by large market participants. However, bear in mind that US markets are on holiday today, which means lower liquidity overall.
Levels to follow (Liquidity):
Major resistance: 111.65
Minor resistance: 111.16
Minor support: 110.80
Major support: 110.42
== SUMMARY ==
I am interested in trading USDJPY from the buy side, but the extreme positioning in the futures markets and the possibility of USD short squeezes pose a risk for bulls in the coming period.
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Solana - What's happening on the graph?Update on Solana!
After a big drop of 40%, Solana is trying to return to the value area noted above. So far it did not manage to test this area, but if it makes higher highs, tests the sell zone and the volume rises, it could be a good point to open a short position with the target indicated below!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHUSD - Back on Track 🏎️-Taking the well-deserved vacation (cool-down), ETH is back on track again!
-If the bullish channel won't be broken, we can expect a fast recovery to the old levels of $4,100.
-Economic uncertainty is slowly fading away, we are still in a volatile market though.
-Fear & Greed Index stays low @ 27, but the chart shows that people slowly gain the confidence back again with crypto.
Our Opinion:
In our opinion, crypto investors are more lenient in active crypto investments when the economy is stable. With the current possible inflation, debt crisis, post COVID-19 economic effects, people are scared about tomorrow. However, with the rise of fear and drop in price, there is always a rise in opportunists who wants to take the advantage of the low prices. So briefly, the market's current psychology looks mixed as the ETH tries to decide whether to obey the scared investors or the brave opportunists. In a conclusion, we can say that ETH is one of the major coins that is far away from those stonks or newly created "to the moon" coins. So obviously expecting a tremendous drop from ETH would be a delusional act. We see ETH recovering slowly in the upcoming weeks.
CNST - Bought @ $34-MorphoSys (MOR) announced its $1.7 billion plan to acquire cancer treatment biotech Constellation Pharmaceuticals (CNST) on Wednesday and CNST stock rocketed to a four-month high.
-In morning trading on the stock market today, CNST stock soared 66.6% near 33.72.
-Under the terms of the deal, MorphoSys will pay $34 per share of CNST stock.
BriaCell - Update on Breast Cancer 🎗️-Shares of BriaCell Therapeutics Corp. BCTX, 111.64% more than doubled Wednesday on heavy volume, after the biotechnology company provided upbeat update on its breast cancer treatment.
-The company the average overall survival benefit was 12.0 months, with a top-responder survival of 21.4 months plus 100% resolution of "eye-bulging" tumor, which compares with average 7.2 months to 9.8 months survival in historical comparison treatment trials.
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CLDR - Ready, Set, GO! 🏁-Cloudera Inc. (CLDR) Confirms Deal to Be Acquired by Clayton, Dubilier & Rice and KKR for $5.3B
-The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.
-The Board of Directors of Cloudera (the "Board") has unanimously approved the transaction and recommends that the Cloudera shareholders approve the transaction and adopt the merger agreement. Entities related to Icahn Group, collectively holding approximately 18% of the outstanding shares of Cloudera common stock, have entered into a voting agreement pursuant to which they have agreed, among other things, to vote their shares of Cloudera common stock in favor of the transaction.
-The transaction delivers substantial value to Cloudera shareholders, who will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 and a 30% premium to the 30-day volume-weighted average share price.
BNB/USDT - Fasten your seatbelts. You read that right. Fasten your seatbelts! Unless the bull cycle is over and we're doomed to get wrecked this week BNB/USD is primed for the ultimate fire works. In this chart I present to you what's called an anchor green dot brought to you by Market Cypher. These appear very seldom. These are very few and far in between but when they do appear, as mentioned in my recent post, they produce fireworks. The last time we saw one of these on the 6hr time frame was back on December 9, 2020 and subsequently BNB went up over 1,200%. Yes that is loco!
**Not financial advice.**
I think it is minimum target for BTGBTG bullish bitcoin gold strated and it is monthly chart for btc/btg the chart says it is uptrend and this are minium targets for BTG so if you buyed under 0.0008 don't give up fast
it is a really trade signal that chart giving us
And do not forget that after 0.0063 there is almost no resistance and growing will be easier at that time.
Alarmsignal
AUDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY GOOD LUCK! Great BUY opportunity AUDJPY .
I still did my best and this is the most likely count for me at the moment.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗
CADJPY SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity CADJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBPUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity GBPUSD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
TQQQ - BONDS vs NASDAQ 👊-The last couple of weeks were tough as the non-ending rise in bonds was dragging the Nasdaq lower and lower each day.
-Now, finally, after a strong rally in bond yield we can see a sharp drop-down in the yield (orange). This is the chance for Nasdaq!
-As long as TQQQ manages to keep the nose above the 85, it will maintain the possible bullish run. However, it is still not clear if
the bond rally has come to an end!
-Lets all closely watch these 2 fighting over the throne with eachother and pay close attention to the possible re-test @ 85!