AUDUSD Long ideaWeekly T.F: Rompimiento de linea de tendencia semanal la cual predominaba para entradas en corto y confirmo salida para posibildad de ruptura de tendencia y nueva tendencia alcista + 78,6% de fibonacci el cual nos confirma retroceso alcista lento.
Daily T.F: Doble piso + emas alcistas con ema de 21 restando en zona de soporte 0.715 + 61,8% de fibonacci correlacionado y extension fibo en -61,8% cercano a monthly res 0.755
Orden:
Buy order in 0.71575
Sl: 0.70874
Tp: 0.7439
R.R: 1:4
Trendreversal
USOIL Long - Reversal from 9-Month Supply ZoneThe oil price has fallen for a straight 10 consecutive trading days.
A reversal structure has appeared as the price rebounded off from a 9-month supply zone, as well as the bottom of a 1-month falling channel.
Saudi Arabia is also going to cut its oil production by half in order to prevent the oil price from depreciating further.
Bitcoin - Spotting reversal using Price Action and EMA'sA simple idea of what to look for when we finally break this bearish trend.
We see late in 2015 how the most simple price action and EMA concepts can give us an undeniable reason to start building a long position.
Once price broke above PA-based resistance, we got a retest of both the PA and the 55 EMA, we also see that the EMA's has flipped to bullish formation and the inability for daily candles to close back inside the noted level of price. Not taking that long would have been a huge mistake. No risk, no reward, right?
So what about price right now?
We simply look for the same indications, we let the chart do the work.
Price action resistance must turn support, the EMA's must flip, and at that point in time, it will be time to start thinking big.
Idea by Jack
AUDUSD Breakout from Major DowntrendLast week this pair showed a lot of buyers strength and broke the major downtrend that started back in January 2018 after a major bounce of a double bottom pattern at the .705 price handle.
I see price moving up further to test the 100% retracement with some selling coming in play down to test the 618 retrace before bouncing up to the 1.272 extension with major structure confluence at the .736 price level.
This could be a major trend change for the coming months.
Potential reversal OILOIL just moved into a major support zone where price is likely to react (it somehow did already). I would like to see more price action confirmation to be calling this a reversal. On the 4 hour chart price is still making lower lows and lower highs and a trendline is also still supporting this direction. A break of this trendline would signal a reversal for me backed by higher highs and higher lows. Let's see how the markets open on monday
BEARISH TREND CONTINUATION TRADE/H&S REVERSAL SETUP ON GBPJPYGBPJPY is in a clear bearish trend, and price is just about to retest the neckline of broken head & shoulder pattern which aligned with 61.8 Fib, daily resistance zone, and mean value. Our goal is to find a short entry, with that in mind, we wait for a clear break of Counter Trend Line (CTL) for entry.
There is currently two CTL on the chart, the break of the short-term CTL that's close to price will be used for an aggressive entry while the CTL that's extended from current price action can be used for a conservative entry.
NOTE: A strong bullish close above the resistance zone and desecing trendline will invalidate this setup.
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EURUSD Bullish Signals - LONGOANDA:EURUSD Timeframe: 1H
BULLISH SIGNALS
1. Bullish Pennant
2. MA10 reversal
3. Oversold
4. TVC:DXY bearish signals
WAIT FOR
1. Pennant breakout
2. Next higher low + higher high
TP1: 1.1634 (~30 pips - RRR: ~3:1)
TP2: 1.1669 (~65 pips - RRR: ~5:1)
TP3: 1.1699 (~95 pips - RRR: ~8:1)
TP4: TRAIL stop after TP3 with 120 points
STOP-LOSS: 2 pips below the lowest low of the last 3 candles after the breakout
RISK: ~12 pips
TIPS
Move your stop accordingly
TP1: Break-even
TP2: TP1
TP3: TP2
TP3+12 pips: TP3
Disclaimer
The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
BABA is showing signs of lifeWith respect to the tradingview community there are several instances when the majority of opinions on any given security are sell when it is probably time to buy and vice versa. In my humble opinion the former scenario is in play as far as BABA is concerned, short term at least. We see a loosely formed inverse head and shoulders (there is not a clear right shoulder but price action may qualify) with an upward sloping neckline (very bullish), as well as renewed volume coming into the stock, and the Awesome Oscillator showing that a trend reversal may be happening as of now. In roughly 1-2 weeks time we will have more data to analyze, lets see what happens.
CHATBTC off to the races soon! Santa's been filling his bag!Analysis:
Whoever has been filling their bag, it must be as large as Santas... Weak hands are folding. We see an opportunity to go long on the current support.
Entry Point:
We are waiting to see if price will continue to drop and retest the lower support. If support at 320 holds we will go long, if not we will check again on the next support area around 270
Take Profit:
The green lines represent target take profit levels. We suggest cashing out 20% at T1, 40% T2, 40% T3 (or sell 20% and let 20% ride if it still looks bullish ).
Another way to consider looking at my take profit levels. First target is shorter term, 2 and 3 are mid term, and 4+ are longer term. If you want a quick trade, dont expect to hit T4, just close it all on T1.
Stop Loss:
If we enter @ 320...Stop Loss suggested at ~270, which is below the liquidity pool and established local support levels.
Upon completion of T1 move stop loss to 600ish to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
GBPUSD - Trend Reversal, Completion of RetracementThe rising trend for GBPUSD has shown signs of reversal since it fell from near 1.33 and broke below the bottom of its rising channel.
This is always a clear sign of the beginning of a trend reversal and the break was strong which created a new low.
The price has then retraced as it climbs gradually and is about to reach the top of another rising channel created from the retracement.
Thus, the supply zone where the retracement is most likely to be completed, coupled with 618 retracement level, could be an opportunity to sell short the GBPUSD.
XRPBTC has officially created a higher high What does it mean?Well its official XRP/BTC has officially broken out of the downward channel with a strong push up. it actually broke above the last push up on April 20. Look at the chart they don't lie. Now we need to find support on the old resistance that was our downward channel and spring off and create a new high. We will have to wait and see if the bulls can pull this one off but it has me excited. Lets go bulls and turn around this trend and create a second higher high!!!!!
AUDUSD - Potential Head & Shoulder Bottom at Right ShoulderEarlier in the week we did some higher timeframe analysis on the AUDUSD and saw that despite being in a bearish trend, we've reached a level where the sellers may be losing interest & could be in store for a potential reversal.
A classic way that the market reverses is in the form of a Head & Shoulders pattern.
Thus far we have 3/4 of the pattern complete as we're currently trading at what could be the right shoulder. If price were to violate the neckline in would confirm the reversal pattern and we could project a move higher to the .7300-.7350's level
Akil
For more on this idea, please see the link below to my latest (non Trading Coach podcast) Youtube Video
Trend reversal with inverse H&S on the 4 hour?Thoughts are appreciated very much! I'm not looking for followers necessarily but I am looking for edification. On the current 4 hr, ONT has passed the 55 and 100 EMA's
USDJPY - Short-Term Trend ReversalUSDJPY has been fluctuating within a range between near 112 to 110 as the market is still filled with a lot of unexpected events and causing a lot of uncertainties in the market.
The price is now seen trading at the top of the range and is likely to reverse and fall.
To confirm a reversal, I have waited for the price to break below the rising trendline, and secondly, a retracement back to the trendline resisted and fall again.
There is an obvious space for the price to fall further, and thus we can look to short again within the supply zone.
MNKD - Next Resistance Level 1.5, or Reversal of DownTrendLooking for a resistance level that causes a reversal of trend. You can see the 2.01 resistance level was hit on 9/6, and 9/7 the price fell through to 1.78. If the downward trend continues, the next resistance level to be hit would be 1.5. Substantial sell volume on 9/5, 9/6 and 9/7 could be indicative of a higher likelihood for a trend reversal early next week.
According to Chris Lau at InvestorPlace, a 10 yr discounted cash flow revenue exit model values shares at an average of $2.40, placing the stock at a current discount of 20/25%, assuming revenue increases due to the new partnership with UTHR.
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