Sumo Logic - Trend LineSumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. Recently adding Amazon to their customer's list, Sumo Logic takes a long-term buy position in our portfolio. In our opinion, Sumo has two ways to go at this point: Touch the resistance line and drop to the support, or go all the way back to support and then jump back. Either way if you haven't invested in Sumo Logic yet, wait for it to get closer to its support line and make a purchase then! Good Luck and Stay Safe!
Tradesignals
RDFN AlertDouble top, possible downside potential, can play the 77.06 - 72.27 range . Can look for a short term play or grab something with time if we break through our 70.47 support (yellow) .
GBPAUD LongLooking on a move Higher following continued bounces along support zones. ~ Looking for a retest of TL Coupled with Aussie Weakness Followed by a big move lower long term.
DXY H4 - Short SetupDXY H4 - Downside market gap for DXY, as per our weekly watchlist... we are looking to set fresh lows very early on. GU popping higher and gold also seemingly on a mission. Lots to keep an eye out for this week and next week, confirming our consensus basically. USD weakness, GBP strength, on the fence with EUR at the moment.
USDJPY OPPURTUNITY TO SELL - IDEA Range resistance is in the way of bulls with the half-hearted moves. USDJPY is moving in the sideways range with a potential opportunity to enter a sell trade from 104.400 to 103.400 a potential 100 pips trade setup.
EURAUD LONGCALLED OUT EURAUD LONG BEFORE ON MY PREVIOUS POST RAN INTO PROFIT NOW WE ARE RETESTING THE NECKLINE WHICH IS ANOTHER PRIME ENTRY FOR ME TO ADD MORE POSITIONS TRADE WISE USE RISK MANAGEMENT
Gold H4 - Long SetupGOLD H4 - Continuing to break highs and trend upside, working from the H4/H1 the 1870 support is the trading zone we would look to scout and find support, from there we would look to continue upside, higher high, higher low sequence as always.
GBPJPY H4 - Long Trade SetupGBPJPY H4 - Expecting very much the same with GJ as we are with cable, maybe a bit of a pullback but eventually an upside break and retest to offer long opportunities and continuations, all you have to do is scale out onto the D1 to see how bullish bias we are, 1.35 would be the highest price seen since July 2018.
GBPJPY H1 - Long Trade SetupHere is the hourly trendline FYI, hopefully we get another nice bullish H1 close.
EURUSD H4 - Long SetupEURUSD H4 - Currently pushing a key resistance zone, we have marked and annotated the monthly key level, resistance zone and 1.19 whole number, usually we would look to short this, but DXY is looking weak and we may be ready for an upside break, we have an ascending trend too, with sellers losing strength each time we push 1.189, breakout may be imminent. A break of those confluences and a retest of 1.19 would be good for us for potential buys.
DXY H4 - Short SetupDXY H4 - We gapped downside, have yet to filled and we are seeing downside pressure on one of our final support zones at 92.20, could see a subsequent break and retest of support on DXY and break and retest of resistance on EURUSD from long potential, analysis to follow!
NZDCAD D1 - Long Trade SetupNZDCAD D1 - Daily close yesterday saw the upside breakout, a retest of the newly formed support zone could warrant buying opportunity off the back of todays close. Already starting to see a pullback, we have breakout highs, resistance to support and 0.90 whole number too, so a handful of confluences. RR is also sitting at a huge 1:6.
Nas 100 Short UpdateProFx Market Sniper provides ideas on trade setups. We do no provide financial advice. Please take this trade on your own risk and remember to use proper risk management.
EQR - 4.37% Potential Profit - Descending TriangleDescending Triangle just broke out, aiming at ATL.
Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the unpredictability of the market these days.
- Target Entry $51.92
- Target Stop Loss $52.48
- Target Exit $49.60
About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- 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
MO - 4.86% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart.
Support manage to hold up quite well even during the recent meltdown.
- Target Entry $43.09
- Target Stop Loss $42.62
- Target Exit $45.02
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
EURCHF sell tarde idea.EURCHF sell at 1.07500 rea aim for 1.06500 closes. Stops set at 1.08300 closes on daily timeframe.
holding the AudNzd Position.confluence on holding the AudNzd Position. Also looking like a good but late entry.
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Possible long position very similar to GBPJPY if this support zone holds, ties up quite nicely with DXY resistance too. Eyes peeled. DXY analysis to follow.
EURCHF H4 - Short Trade SetupNow sitting on resistance, lets see what the eastern brings, if resistance holds and we see consolidation, this may be something we short tomorrow, EJ also on resistance after failing to set new highs.
GBPAUD H4 - Long Trade SetupGBPAUD H4 - Finally approaching that support zone we have been waiting for, might see this play out during the eastern, but will be up early updating this to see if it can be taken ahead of the EUR/LON open.
Bullish Swing Oppurtinity in EURUSDEURUSD, is forming a contraction in volatility pattern in up trend. The general trend for this pair is up despite the correction phase that facing this pair since 3th of Aug 2020. I believe the speech for Fed Chair Powell will provide good momentum for this pair to break the resistance its facing right now which is 1.1835 and move forward to reach 1.1959.
Applicable setup up for trade is:
Buy: 1.1835
Stop loss: 1.1759 which is (0.0075) pips
Profit at : 1.1959 to 1.2 around (0.0125) pips
------
DO your DD and trade based in your ideas, this is a though that I saw from reading the chart of this pair.
Good luck
GBPJPY H4 - Short Trade SetupGBPJPY H4 - Must await a candlestick close on the H4 timeframe here to give us that confirmation we are looking for to see some downside pressure. Massive rally seen here, ***YEN pairs ripping upside for the most part, would be good to see some corrections soon, RR ticks the boxes as long as we don't dump.
USDWTI H4 - Long Trade SetupUSDWTI H4 - Waited long enough, break and retest seen, deleted the previous signal as I had the wrong order details for TP zones, but regardless, seeing a nice initial pullup.
