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Trend-following

XRP/USD NO NEED TO RUSHAnalysis: Right now patience is the key on the market, there is no need for huge spikes to the upside. A constantly growing trend will do the job if a lot of people are interested of buying. A lot of analyst posting about 50/50 chances about the price to go up or down, it's always the case, but we need to be 1 step ahead before the price action. If you wait until you see a huge price rise, you miss the low risk-reward opportunities from buying now safely with a stop loss of 1.10$, and you will start buying at 1.6 or even higher to catch the rise and you will have a nonsense risk reward ratio on the trade. As I shared my chart about my last long position you can see that I entered at the bottom of the correction from 1.2$, so our stop loss is at 1.10 in case of a sudden flash crash. I am not speaking about targets right now until we will go higher than the previous high. If it takes a lot of time to get to that top again, it will offers us higher price targets as well. Consider to join our community to get more of this kind for Free. community.protradersnetwork.com #forextrader #forex #forextrading #forexsignals #forexlifestyle #trading #money #cryptocurrency #trader #bitcoin #forexmarket #forexlife #technicalanalysis #stockmarket #forexanalysis #forexmentor #daytrading #forexgroup
Long
by tmsarn
NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here. As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots) The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure) and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down. As price approaches our lower green support and round number 100.0, we will be looking for buy setups. Good luck!
NASDAQ:NDAQShort
by TheSignalyst
3
NZDUSD potential sell setupon DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward. Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
Short
by TheSignalyst
1
Downward Channel On Daily EUHello Traders Time for tactical trading Tuesday!! Today i wont be publishing projections as this is a daily setup and prices could deviate a lot. But the overall idea is to position for a short trade mainly at the resistance levels of the upper line of the channel. I will be updating with entry levels. No fundamentals in sight supporting euro in the near future best bet is trend following at this point. Always place stops and manage risk according to plan. Trade safe Trade well
Short
by fromzerotospyro
A2 Milk - Confirmed H&S I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength to the downside. Mansfield Relative Strength (XAO)(daily) is below zero showing A2M is under performing the All Ords. Price has closed below Neckline of Head and shoulder pattern for 2 periods (confirmation). Target price on the down side is roughly $10.7, using a 30EMA weekly as exit once price closes below on weekly time frame. If you enjoyed this idea, please subscribe for more technical analysis in the future. Disclaimer - This in not financial advise and may not fit your financial needs, do you own analysis before investing any of your money or seek advice from a qualified financial advisor.
ASX:A2MShort
by IRApTOIR
Clear Breakout Trade Plan On UJHello Traders Back with another tactical trade plan Today we take a closer look at USDJPY that has just broke out from an uptrend momentum. The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment. Here my entry point is based on the retracement on the break out point. If there is further spill this trade idea will be rejected so further downside without any retracement whatsoever is also a possibility . We are expecting things to play out in the exact same way as the trend lines and arrow projections indicate otherwise the trade plan will be cancelled. Traded safe trade well
Short
by fromzerotospyro