Tradidea
Selling Bitcoin at downtrend line.Bitcoin - 24h expiry - We look to Sell at 28495 (stop at 29105)
Trend line resistance is located at 28600.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
Prices expected to stall near trend line resistance.
We look for a temporary move higher.
A sequence of daily lower lows and highs has been posted.
Our profit targets will be 27005 and 26605
Resistance: 27450 / 27600 / 28000
Support: 26800 / 26400 / 25800
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Buying SPX at swing low.US500 - Intraday - We look to Buy at 3907 (stop at 3859)
A Fibonacci confluence area is located at 4038.
Bespoke support is located at 3905.
The previous swing low is located at 3904.
Dips continue to attract buyers.
Our profit targets will be 4038 and 4055
Resistance: 4038 / 4042 / 4055
Support: 3905 / 3902 / 3487
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$JPY - What can we do? $JPY - What can we do?
As mentioned in previous posts, data ISM will impact the market today. However, I am looking at key levels as long as we dont break the lows in the yen - this could be a little bit of a pull back trade we as traders could take advantage of.
Don't forget to trade your own plan.
Trade Journal
Selling AGN into well known turnaround level.Aegon - Intraday - We look to Sell at 4.898 (stop at 5.021)
4.900 continues to hold back the bulls.
The previous swing high is located at 4.878.
Bespoke resistance is located at 4.900.
4.916 has been pivotal.
Preferred trade is to sell into rallies.
Resistance could prove difficult to breakdown.
Our profit targets will be 4.604 and 4.544
Resistance: 4.800 / 4.900 / 5.200
Support: 4.600 / 4.500 / 4.350
Daily chart for context
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses.
There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURUSD - LONG Hello Traders
A follow on from my last post, as i said before we have seen an extended accumulation period where we normally see a lot of false price action where the market maker will take orders short and long.
As you can see where we have seen a major Double Top almost looking like we was going to go short, the market maker will take loads of orders going short before going on extended run long to take he stop losses.
I have entered this trade long because on the fake move short we have now created a Double Bottom which has given me a reason to execute the trade - we have seen a lot of volume at this area and if we see a break of the 1.16 price we should see a nice push. I am still looking for a target of 1.1750
Can this go short still, yes 100% - there is no guarantees in trading - all you can do is manage your risk. you should only be risking 0.25% of your account - example; if you have a 50k account and your stop loss is 20 pips your lot size needs to be 0.62 lot size.
It doesn't seem like a big lot size but that is risk management, and managing a fund is more than just strategy with a stop loss. If you want investors to trust you then minimizing draw down is key!
Safe trading guys.