USDHUFI am waiting for the price action in the highlighted area, to show following move. At the moment I see M reversal pattern and waiting for the break of the support line.
Tradingidea
USDCAD Upside Breakout Confirmed - Buy SignalSee past USDCAD Idea. Expected a breakout and we now have it confirmed to the upside.
Look to enter at buy zone and target 1.3330 area.
Trading may seem complex but it's fairly simple when you look at the basics.
Good luck!
Charles V
www.cvfxmanagement.com
Trading made Simple
Just a lil' higher! 📈 Silver is poised for another upwards movement, which will likely result in another high. The target of the current wave is the region somewhere between $28.50 and $29.20. Should the bulls be able to deliver a new high, the (b) in blue will be moved to the higher high. Still, we expect a bigger sell-off after reaching the mentioned area. For the downturn to happen, it is essential that we do not generate new highs above $29.90. As soon as we reach the turnaround area indicated in yellow, we evaluate short trades.
Ideas, comments, and discussions are welcome!
✌🏿 Happy Trading! ✌️
SXP/BTC is up for a major breakout... 77% and more in the makingSXP/BTC is at an interesting point in this trading price action. It is at the tip of the triangular shape formed by the dynamic support and resistance trendlines that have been traced on the chart
There are only two ways price can go henceforward... its just a matter of time. It either goes up or goes down to eventually go up again...
In the eventuality it most likely goes up in price, the profit trajectory has been mapped. It should go up by 77%, hitting a price of 0.00051btc
Entry point: 0.00028 - 0.00029 btc
Take profit: 0.00051btc
like my post If you like my trading idea, follow me for more trading ideas
AUDUSD Rising Wedge - Breakout for SellAUDUSD in rising wedge, look for a breakout south. I am only looking for sells for this pair as AUD strength is winding down.
Wait for a daily close below wedge and below 0.7110 area to confirm downwards movement.
Sell towards 0.6800
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
EURUSD Buy Setup 100 pipsEURUSD has broken inner uptrend line.
Look to buy at support and outer trend line.
Entry 1 @ 1.1720
Entry 2 @ 1.1680
TP 1 @ 1.1815
TP 2 @ 1.1900
Set short stop losses as a break below the outer trend line can mean further downside movement.
Good luck trading!
Let me know how I can help or if you have any questions.
Charles V
www.cvfxmanagement.com
Trading made Simple
Elevate Markets Signature Trade. Level 1 Short EURNZDPrice is at first level and I believe it will drop for at least another level.
R:R 1:3
USDJPY long entries on my radar Price created a double bottom at the 106.750 level and it has been forming higher lows recently. If the market goes above the 107.400 resistance I will be going long on the retest of that same level. My first targets will be retest of the previous highs on the same timeframe that my entry is. Keep in mind that we have a descending trendline on the Daily chart. Let me know what you think about this pair in the short term!
ETHEREUM PLAN - 1H ETHUSDT CHARTDESCRIPTION
From my observation, the price of Ethereum has remained in the Parallel Channel since the month of June, we have experienced high prices at around $248 and that of low prices at around $221 . If the ethereum prices continues in this manner, then we have two options in mind.
First Option: We wait for the price to touch the Resistance Level zones at around $245.56 so that we can sell the coin (Wave line A).
Second Option: We wait for the price to touch around the Support Level zones at around $222.74 before we can buy back
some ethereums (Wave line B).
I strongly believe Ethereum could move to be a real big reversal and prices can start to go up pass the resistance level zones sometime
later in the month of August.
Do follow me on my Telegram Channel @CryptoPrinceTrades & on Twitter @Obiakor_Evans
Follow here for more great Trend analysis.
What's your take?
Feel free to comment and share your thoughts.
Support my enthusiasm with Like.
Best Regards,
Evans
BITCOIN UPDATE - PARALLEL CHANNELDESCRIPTION
RESULT from last previous idea: Looking at the updated trade progression of last post, it was observed that the Forecast failed to reach the proposed support line reversal at $8,956 which rendered the setup invalid .
Meanwhile, we have been experiencing some tight price movements at the moment within the horizontal channel that brought it to the levels between $9,280 to $9,050 price range. if this trend continues like this, we might end the month at a high side with prices around $9,300 or on the low side with prices around $9,050.
However, I'm currently watching for the $8,956 Horizontal Support Line (Green), if it gets crossed, then a Long position will be first priority.
We believe this Bitcoin move to be a real reversal and prices can start to go up.
I'm probably hoping that the upcoming month of August will be a bullish month for us all.
What's your take?
Share with us in the comments section below.
Don't forget to like this awesome post here and follow @CryptoPrinceTrades on Telegram.
Thanks you,
Evans
ANKR/BTC in a strong uptrend... Take profits while you canUsing Fib extension to determine the next area of resistance for this uptrend... The 1W timeframe gives a pretty clear idea where we are headed...
Current price 0.00000046
Next major resistance point at 1.618 (0.00000060)
Other bullish indicators used to confirm this trend:
MACD: Currently showing bullish and rising...
ADX: currently above 20, and rising... which indicates an increasing strength in the uptrend
You can ride this and take profits... If you havent bought earlier. You can buy in now, and sell at 0.00000060
Like this idea, and follow me. Thanks for your support!
Elevate Markets Signature Trade. Level 1 Short GBPUSDPrice is still at first level after consolidating for a day and I anticipate it to drop for at least another session.
R:R 1:6
USDCAD Strong momentum of the Daily level at 1.3493 followed by a 50% fib retracement and hourly support and resistance zone. I'm only willing to go for 2:1 as we should have on mind the downtrend from the Daily chart.
CONTRA PLAY SETUP! DEFINITELY A BUY SIGNALPRG reported profit for this QR, and from technical wise, i say it definitely a buy signal. From what i see, if you want to entry. You can que 0.205 for the best price. I think you can get the price tomorrow (10/7/2020). From the setup itself shown that you can hold atleast the price is touching EMA200. So your first Target price is 0.355.
However trader at you own risk. I personally think PRG can go above 0.400sen. But you need to hold and be patience.
NZDCAD SHORT!!!I used to have a hard time finding trades now I see too many to be in all of them but I love finding the setups anyways :)
Target one 0.86729
Target two 0.85636
ARBB ReboundMy opinion ARBB is a good stock to look into it as it have Good Fundamentals and Technical.
From support & resistance line, I think it is good to pick this stock. And also I add one more indicator which is the stoch RSI Show it is In oversold state area.
Trading Idea : Buy India Cements Ltd.NSE:INDIACEM has made higher top & higher bottom after long range bound consolidation on weekly chart. Stock has crossed and currently trading above range bound consolidation zone. Stock is also trading above all key moving averages and RSI and ADX are also showing strength on weekly chart.
We are recommending strong Buy around 114-119 with Stop Loss below 97 (Closing Basic) for Target of 155 in next 8-10 weeks.
dhnwealthcare.com
USDCAD SHORT POSITION Potential short position for USDCAD . Don't trade more than you can lose. Nothing is 100% sure in Forex.
Facebook Earnings Trading Idea | 29th of April 2020FB will announce its corporate results after the bell today.
It's a good idea to sell 2 put options with $ 177.5 Strike Price and expiration date on 8th of May 2020.
So we have a -8% distance loss and if the price is above $177.5 at expiration we will receive Premium around $320. But if it falls below, we will be able to buy the 200 shares at a lower price as FB has prospects in the future.
