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EURJPY: Could buyers be forming a new swing?Today's focus: EURJPY Pattern – Continuation Support – 157.80 Resistance – 159.19 • EURJPY showing buyer demand from previous resistance. • If buyers can hold, could this be a new upswing? Hi, and thanks for checking out today’s analysis. Today, our focus is on the EURJPY as buyers continue to fight back after two sessions of losses. Friday’s session closed off lows, and that low point is in a support area we are watching to see if it creates new support. We would like to see buyers hold today’s rally, even better, close above last Friday’s open if momentum can build further through the LON and NY session. If we see today’s buying fail or if sellers can close below last Friday’s low, that would be a warning, and we would want to see more evidence before thinking about long ideas. Have a great day and good trading.
Long
by Eightcap
DONT SWIM AGAINST THE CURRENTTHIS IS INSANE - Technically speaking the market in general is in a downtrend. a recession or correction. it should not matter. what is insane is am taking a Long trade on such a downtrend market. As any trading Guru would say " dont swim against the Current " dont trade against the trend. But I did. well I make exceptions. let me explain. The Long-term(M) is in a downtrend. the price is coming strongly overselling into a fresh DZ. I set my ENTR at 27.xx with STP-LOSS below the DZ; small risk with plenty room for profit to run. my risk to reward ratio adds up. I always calculate my estimates Rs (risk) before I calculate my estimated Rw (Reward) When price enters the DZ: there are three possible outcomes; - Trend Reversal - The DZ will hold & trend changes. Big win & small Loss - Correction - The DZ will hold for sometime, giving small win and small Loss - Breakthrough - The DZ does not hold at all, giving a small loss; I am OK taking that small loss; it is within my trade plan What I was looking for was a correction, happy to take this small Long profit in such a downtrend market. to do this type of trade & swim against the current one much be very vigilant; tight STP loss is key. What I did here, price entered the DZ, the correction began; I covered 1/2 of my position; I took $3 of each share, & let the rest (other 1/2) run; sadly but predictably, the correction lost momentum in a heavily bearish market. I readjusted my STP LOSS to exit trade at breaking even.
NASDAQ:INTCLong
by greatful-me
❇️Quanta Services|PWR|swing ↗️ TRADE THE TREND Hello everyone, 🙋🏾 Here again Romluck with a new trading idea, The trading ideas I find are after searching and investing time. Thanks for the like and comment. What Are the "Swings" in Swing Trading⁉️ Swing trading tries to identify entry and exit points into a stock based on its intra-week or intra-month oscillations, between cycles of optimism and pessimism. Quanta Services from the sector Industrials provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power In this case: 📊 🔆The price does rise above the handle, triggering a possible buy near $132.68. 🔅One possible place to put a stop loss is below the handle, marked by the rectangle, near $125.25. 🔆Based on the entry and stop-loss, the estimated risk for the trade is $7.43 per share ($132.68 - $125.25). 🔅If looking for a potential reward that is at least twice the risk, any price above $147.33 ($132.68 + (2 * $7.43) will provide this. ⚠️__🚧___🚧___🚧__🚧___🚧__🚧_🚧__🚧__🚧__🚧__🚧_🚧__🚧__🚧_🚧__🚧_⚠️ There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only. Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one. Investing in the stock market involves risking your money!⛔️ have fun
NYSE:PWRLong
by ROMLUCK
2
Short SAVE as it breaks the Demand zone & the trend changesFOLLOW THE TREND AS IT CHANGES Long-term chart (W) Trading chart (D) First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ from the longer term (W) chart. price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss Second trade (shown here) Since price broke below DZ, the new trend is Down. as price retested into the DZ. I looked to short the stock. a higher high candle gave a good CVR for the short as the price broke through it. on the next red candle the SHRT IS OPEN
SShort
by greatful-me
GBPUSD - A follow on from my DXY postMy last post i went on to explain the importance of knowing what is happening with the dollar against trading it against other pairs. Here with GBPUSD you can see the pair was very bearish for some time and during that time DXY was pushing up as the dollar was getting stronger. So when i was looking at this pair over the weekend i identified this purple zone of interest where price has previously rejected and again recently pushed price down. This allowed me to add a fib in place from the recent swing low to the recent high in that purple zone. Now originally i wanted price to pull back into the 61.80% where we can see we have had previous price action but instead it fell just short of this before we could see a turn in price. I dropped onto the 1hr chart and could see a strong bullish push so i waited for confirmation on the hour closure and from that i looked back at DXY and found that price on DXY had also reached my interesting zone where price may slow and the dollar should become weaker for a short period of time. To summarise, Daily time frame shows bullish, 4hr we can include our fin as confluence, along with the DXY chart showing a slowing of dollar so we have a good 3 confluences for this trade. Let's wait and see. Happy trading.
Long
by Forexforbeginners
2
Bitcoin - In the next 24 to 48 hoursAs traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from some of you. The chart above shows you the new battleground. If BTC goes and closes below either of those support lines in green that will show weakness and it is time to go down some more soon. If for the last few months we've done nothing but lower lows and lower highs what should your trade strategy be? This is the next thing to keep an eye on: If the yellow trendline 50MA goes under the white trendline 200MA (Which is almost a done deal) then we are going down. This is the last place to keep an eye on: If we close a candle under the green trendline that means we are going down as well. So the specific question is this: Would you put money in right now? THE TREND: Going Down a little more THE OUTLOOK: Safe to buy a percentage of BTC wait a bit more to buy-in.
by cryptoGats
10
Bear Flag Breakdown Sometime TodayWhile it's always possible that this breaks up, the likelihood of a breakdown on this bear flag is high. The intensity of the initial legs down warrant further price action to the downside. I think a better entry can still be had closer to the top of the triangle pattern, somewhere around 4540. Obviously all eyes will be on whether or not 4k holds when it gets there. I don't have any strong conviction either way in that regard. However, since the market will always abide by the rule of maximum pain, I could see 4k breaking similar to the way 6k broke earlier in the year, giving up just a few hundred dollars but really making everyone think that there was no end in sight to the bear market. A bounce in that range happened a few times and it scared the life out of everyone. For that reason, take a close look at the price action if this happens as it could be the discount of the century.(these kind of statements never age well :)) Good luck trading, D
BITMEX:BTCUSD.PShort
by danimalmidnight