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Downside Participation - AUD/USD Buy Now, Sell laterHi Traders, Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside. However, immediately after participation, the traders will demand a discount. The simple reason is; that the price is too low and doesn't represent a good value. If the request is successful, the price will rally to the last structure without breaking the high that created the Downside participation. This is the scenario that is currently happening in the AUD/USD. This is a low-risk trade; Stop Loss:0.6464, profit target: 0.6537.
Long
by Charts247TradingAcademy
2
Trend Continuation - CADJPY Wave STructure AnalysisHey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend or the trend will change in the opposite direction. The only tool that gives us this information is the price by counting the wave structure. As long as the primary trend structural point is intact, the trend is intact and we can trade safely in harmony with the market. This is not theory, it is practical, but the application is psychological. CADJPY SHORT KEY LEVELS Stop Loss:114.88 Target 1: 112.18 Target 2: 110.59
Short
by Charts247TradingAcademy
1
GBP/JPY Selling Opportunity Weekly Timeframe: This timeframe indicates a buying sentiment, however this is mainly because the previous weeks data is predominantly bullish. That being said, the current weeks data has pushed price close the previous weekly lows which could be a hint that we may see some more sellers enter to create new lows for next week Daily Timeframe: This timeframe indicates a selling bias bias the precious days candle closed bearish with the current one also remaining a selling candle. I am looking for the market to at least take out equal lows or move down even lower to create new lows. H4 Timeframe: This timeframe is displaying lower highs and lower lows which shows we are also in a sellers market overall. This is creating some nice price action to enter on the smaller timeframes. 30min Timeframe: This timeframe, albeit in a bit of a range, is looking like potential sells could arise due to the new lows continually being made. I will be looking or a correction in price before a move down to meet the previous days lows or beyond.
Short
by JRonaldTrading
It was all hype. executives allready sold 98M shares.Sell now! Top executives allready sold out. Abandon ship. Sold the knews and the roni vacine hype. Desapointing vaccine test results! Now game over. Skipped the all important animal testing stage and went directly to human testing. No corona virus in vaccine-only mRNA from a sars strand. NIH/MRNA contract for the PATEND of the said vaccine type. Royalties in the hundred of thousands per year to NIH scientists if patend is granted (goverment and your tax dollars to lure in investors to pump the stock up to 600%). This is the next ZYNERBA PHARMACEUTICALS INC. Crash imminent and very soon back to $10 a share. Watch an important RT utube video (www.youtube.com)! Sell Sell Sell Sell near the Nasdaq all time highs in 10 years.
NASDAQ:MRNAShort
by ChristosTrader
11
Bitcoin Trend-line Reduction Zone w/ Loss Rate $1,148.33 Per DayBitcoin Trend-line Reduction Zone Start Date 06-26-2019 at a Loss Rate of $1,148.33 Per Day (Update) Bitcoin is Currently moving down through a Trend-line Reduction Zone at a rate of $1,148.33 Per day with a new Trend-line established at $990.75 for a Trend-line loss of $1G and Bitcoin continues to progress up the Main June Trend-line at a daily increase rate of $160.14 Per day, which now continues upward at a new level that may or may not return to the previous June Trend-line, yet either way the trend-line is still moving up at the same daily rate that remains unaffected by day trading activity... When Bitcoin Peaked at $13,849.00 on June 26th, it was an ambitious attempt to recapture the Previous Trend-line from May that experienced a $3,000.00 loss after a Trend-line Reduction from approximately $9,000.00 down to $6,000.00, which started the June Trend-line that is currently moving up at an expansion rate of $160.14 per day...
BITTREX:BTCUSD
by BAmos63
THETA enters into downtrend a week before main net release!Hello Everyone, Looking at the 4 hr chart we have officially entered into a downtrend with Theta. It is running inside of a descending triangle and about to breach the lower end of the triangle. It is below all of the moving averages and I have marked the the 200 and 50 day MA (lower yellow lines) which are practically on top of one another. Theta has also retraced into the .0168 Fib and has re-entered into the green support zone. There could be strong buying action inside of this green support area with the release of the Theta main net next weekend and the 1:5 token drop for theta fire, so, I will be watching the levels closely inside of the support range because I am showing a potential buy signal about to trigger on the martin buy/sell indicators (yellow circle). Theta is relatively close to hitting the next fib retracement of 0.5 (0.00791) if it does continue its downward movement. BNB price is running strong and it's not helping to pull Theta up at all so this tells me that we do have significant sell action happening. The downtrend has emerged do to the formation of lower highs and lower lows. This could just be a simple correction because it has been moving upward since Feb 24th and its. RSI is at 41 which is closer to neutral than oversold, Stochastic is at 11 which is in the oversold range. Currently I remain neutral on this until I see a confirmation either up or down. I am a long trader so I will either wait for confirmation of upward movement, or wait until I see what happens if it drops lower for a better price point. The red circles on the trend indicator's are also confirming that we have entered into a downtrend which, is another confirmation tool for me to sit on the side lines until we see how far this will actually drop. Please hit like if you found this information useful or helpful or just to let me know you were here! Good Luck and Happy Trading, AWC **For educational purposes only. This is not meant as trading or buy/sell advice. I truly enjoy technical analysis and sharing my ideas and opinions with others**
TLong
by AWColumbo
GBPJPY 4h SHORTShorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at previous buttom. Will look to enter a bigger short position at a better price later on. Order 1: Entry at 140.97 SL at 142 TP at 138.5 Order 2: Entry at 141.65 SL at 142 TP at 138.5 Open position: Opened at marked SL at 140.7 Tp at 138.5
Short
by AndreM.Moldegard-Eriksen
3