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WHERE'S USD/CAD HEADED?!Alright Guys, I truly believe that we can see the dollar lose even more strength. We could potentially see prices shoot down to 1.29000 . BEFORE, that happens I'm expecting prices to head up to the 1.31000 Region. We'll just have to wait and see what happens after. TP: 1.29000 OF COURSE. We could potentially see prices shoot up very violently well above the 1.31500 Zone . In that case I'll update my theory! If you're already shorting this pair, I think you should hold your trade, don't liquidate your positions on this as yet!
Short
by Graignm09
BTC/USD - Live UpdateCurrently trading right at the juncture level, and now we must best figure what best to do to tackle a buy opportunity. as it stands price is trading right at the bottom of the predicted resistance zone at around 6570. when price hit the level price did have a gentle fall to the downside and thus confirms the level does indeed exist. I still consider price to be up on an intermediate trend scale if price stays above 6260, since 6260 is the level where the accumulation started it's bullishness and any negation of this could see us go lower between 6030 and 5800 approximately. If price doesn't go below 6260 then it's still up, regardless of how bad it looks, this is just the facts. So along as it's above there it's buy territory. The best buy is still waiting for a break above the resistance zone at 6780. The best technique to buy is to wait for a breakout of the resistance zone then a retest. Why is this buy so reliable? Because a retest on the horizontal support zone as well as it supporting on the 200 moving average is a major retest and should be taken seriously. Bear in mind that you should NOT buy now, (unless you're scalping). you'll either enter into resistance, or enter into an immediate correction. Wait for the market to tell you what to do, do NOT tell the market what will happen, the market will never care to listen to you. Where do YOU think price is heading? Leave a comment with a chart below and let's share our thoughts! I will be posting a DAILY analysis for the next 14 days. :-) Please leave a LIKE and FOLLOW. I'd really appreciate it, and it motivates me to post free content. Thank you for your support.
BITFINEX:BTCUSD
by TomProTrader
42
AUDUSD 4 hour tf analysis: 3 crucial info. you must knowThe 4 hour timeframe of the AUDUSD shown in this analysis captures over 4 months of price action. Commentary is provided below based on the numbers marked on the chart. (1) A double top (ideally bearish) chart pattern did form between September 7, 2017 and January 31, 2018, with the chart pattern confirmed on May 2, 2018 at ~ 0.7515. The width of the double top is indicated by the vertical red arrow and a projection of the width from confirmation downwards is very useful in determining the price level where the bearish price swing will terminate. (2) Bearish price channel that helps provides a perspective for the current trend in the AUDUSD. A close outside of the bearish channel is the first sign of a possible trend change. Price action exiting the channel however does not automatically imply the resumption of a bullish trend in the AUDUSD. (3) 0.72483 and 0.72082 indicate the latest/ most recent price level of supply in the AUDUSD and an earlier entry into a long (buy) position involves buying as soon a breakout occurs above 0.72483.
by Coin_Analyst
EUR/USD! BEAUTIFUL SETUP! BEAUTIFUL TRADE!Alright Guys, Admittedly I tried to short EU earlier this week. Broke even on about 5 entries, a minor loss on 2 positions. Gutted to see, how violently prices shot up, however I missed my chance to short EU around the 1.17000 Region. I truly believe prices could go down to lows of at least 1.15700. Congrats to anyone who took this trade! Enjoy the bearish ride, we could see prices depreciate even further. Let's wait and see! TP: 1.15700.
Short
by Graignm09
2
CAD/JPY Short?!I believe that we're in for a good trade. Currently holding this position possibly down to lows of 84.600/84.000. Entered this trade around 86.100. Hopefully we can hit our target's in the next week or so. I have every intention of holding this trade throughout the weekend, ultimately depending on the price action as we close on the daily. This will be a clear indication on the success of this trade, the last thing you want on a Monday morning is that your trade goes horribly against you. ANYWAY. TP: 85.200/84.600/84.000
Short
by Graignm09
USD/CAD - INTRADAY - FURTHER UPSIDEThe pair seems to be forming a classic flag pattern which is why I will be looking to catch a measured move all the way up to the 1.32155 level. Details: Buy Stop Order @ 1.31830 Stop Loss Order @ 1.31530 (30 pips) Take profit level @ 1.32155 (29.5 pips) Risk - Reward ratio = 0.98 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice. Like and comment if you enjoy what you see Stephanos N.
Long
by Aqua_Trader
USD/JPY - SIGNAL - BUY/LONGDetails: Buy Stop @ 111.180 Stop loss @ 110.700 (48 pips) Target @ 111.835 (65.5 pips) Risk - Reward ratio = 1.36 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice. Like and comment if you enjoy what you see Stephanos N.
Long
by Aqua_Trader
3
EUR/USD - SIGNAL - MEASURED MOVE (~87%)Expecting price to complete leg (c) of the correction (looking at an a-b-c zig-zag correction) which should see it finish in the area between the 0.618 - 0.786 fibonacci retracement of the most recent impulse. Upon completion I will then be looking to go long and buy all the way up until the 1.1811 as a target. Stay tuned as I will be posting exactly when I will be entering. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
24
EURSGD Daily timeframe analysis: 3 crucial info. to keep in mindOver 3 years of price action in the EURSGD is captured in this analysis from April 13, 2015 to present date. Commentary is provided based on the numbers indicated on the chart. (1) Current, active resistance in the EURSGD with the most recent test occurring on February 5, 2018. The bearish trendline further extrapolated is expected to offer future resistance, while a break out above the trendline implies more bullish action. (2) This is established by connecting the price low at ~1.47820 and 1.56136. The current swing upwards in price 1.56136 also makes it important to focus on the bullish channel as shown in blue lines. The dotted blue line provides another possibility of a smaller bullish channel that can serve as a termination of price action prior to a downturn. (3) Main bullish trendline in the EURSGD established since April 17, 2017. A break in the lower boundary of the bullish channel, and also below 1.56136 could see the EURSGD return to the vicinity of the main trendline.
by Coin_Analyst