GBPJPY BULLISH RETRACEMENT Price of gbpjpy after dropping 450 pips from oct22 to date is now on a bullish retracement in a bullish channel forming the elliot wave pattern with price having completed wave 1-3 where i anticipate price of gbpjpy to retrace after completing its 3wave and make a 4th wave around 143.930 to 144.123 region where we anticipate to enter a buy trade for 120plus pips with takeprofit at 145.307 and stoploss at 143.515. Goodluck and apply 10% risk no more.
Tradingsignal
$KMD Pump Cycles, Will It Happen Again?This coin was doing pretty amazing last year. At least 3 times pump cycles in a year. Which is not really happen this year.
The same question I might ask myself, when will the cycles repeat itself? As I see the chart is quite bottomed at the moment. With 109,968,938 KMD on the circulating supply and this coin is mine-able. Komodo Platform is working on Crowdfunding industry. DIY Crowdfunding model gives all developers and entrepreneurs access to free, secure, and easy-to-use, decentralized technology to jump start the project of their choice.
It's quite relatable at the moment since massive projects are take steps to gains mass and looking forward for funding for operational. But I think it's not quite user-friendly at the moment, you need more than just know, you'll need a certain skill to use the platform which might only developers can understand.
KMD at the moment sitting pretty at the support line, could be an accumulation phase for major capital person or institutions.
This a confirmation, since already sitting the more than 60 days.
Get in and jump aboard. Really juicy on R:R rates.
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DXY LONGDollar index
Even though last weeks candle closed very bearish, we have reached support and the week ahead with all the FED releases, could bring about a change in direction for our index.
From Tuesday there will be a lot happening in America economically, which will bring a lot of volatility for this pair. During this volatility my eyes will be guarding the 94.00 region. if this support is broken then the dollar could sart falling off the cliff
Signal StreamJust now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately.
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
Strong downtrend on GBPCAD lately.
However, we received a counter trend signal from Signal Stream. I generally take these trades, but I am much more cautious with them and close out once initial close range target is hit.
As you can see clearly, our initial target lined up nicely with S/R at 1.70905, and the market rallied enough to meet it before resuming its trend down.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
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Choppy Gold Trade – A Potential Breakout SetupThe idea is to buy above $1,295 and sell below $1,305, with a stop loss of 30 pips and take profits on 50 pips. Outside this range, we can set the buy stop above $1307 and sell stop of $1,294 to target 50 pips. However, it’s a risky strategy if we get mixed data today.
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ETC - Moving in a ChannelAfter a pull-back in most of the crypto markets, we are now eying up another entry signal for us to capitalise on for a high probability trade. ETC has retraced deep back into the territory of wave (1), around 76% of the total move, which provides us a very attractive area for entry. There is also support at this level from the long term support line. During the retracement we have been moving in a solid downwards channel of which we have hit the top channel line twice and now we have just hit the bottom channel line for the second time. Zooming in to the recent bearish pressure from the second channel top until now, we have formed a smaller channel which we have hit the bottom of for the third time. These two channels offer us clear targets. If we break upwards from both of the channels then this gives us enough reason to believe we have entered wave (3). We can enter a trade after confirmation that we have broke through the first channel and set our first target at the top of the larger channel (
~18%). The crossover of the 10- and 20- day moving averages will also confirm this move which seems imminent.
There is the possibility that we do not break through the smaller channel however I don’t think this is likely as BTC has already broke out of its short term channel and has created a strong double bottom. As most coins move with BTC, it depends heavily on whether BTC can uphold this reversal and continue to rise.
Seeking a breakout EURJPYBeen trading and tracking this one for some time. Very choppy waters with 100 pip+ swings as per usual with anything JPY related.....
Anyway, I am still waiting a good breakout and price to take on for a big monster move further down.
Key eco reports due the rest of this week should be the spark we need for it.
All I really need to see is that angled support bar broken thoroughly, then Ill be in for big short long-term profits.
Good luck all.