Today we would like to share one more trading idea, this time, and we are looking at shorting GBPJPY; however, being cautious and taking into consideration the current market volatility and setting an ambitious TP level. You can adjust yours based on your risk preference and reward ratio. With the present trading idea, we are targeting 1:3
Buy entry on NZDJPY @78.045 with 3 TP levels and looking at capitalizing on a possible bullish run SL: 77.755 TP1: 78.340 TP2: 78.630 TP3: 78,700
EURUSD is struggling to break below 1.1150 support level. We are long, targetting 70 pips from current price
Long opportunity targetting the higher part of the channel. Great 1:2 ratio trade
NEAR is overbought. Good opportunity to sell at leverage X10 now, with a 1:2 RR
Long trade on USDCAD, looking at the fundamentals and technicals with tights stop loss and a good RR ratio. Looking at the current market landscape, it is better to be using tight SL and pay great attention to the fundamentals.
DOT - without any doubt we are very BULLISH on Polkadot. We believe it's a great discount and a perfect time to start investing. Please go and DYOR on the project, if you don't know that much about it yet. The coin is highly susceptible to Bitcoin Dominance and has not yet corrected in the same manner, this is however temporary. There is a very strong support...
Investing into Luna, will be adding more positions once it starts going up. If it falls further will be looking for a new entry for our long term play. In general will be constantly looking for new entry points to be going long on this asset, be it higher price or lower.
As we can see, RUNE, like many altcoins, has been consolidating before an accumulation period for a long time. After collecting liquidity the price on the increased volume created a fairly powerful impulse upward movement, after which it rolled back down to the zone of local interest where we are looking to enter. Without breaking the structure, we are still...
Investing into Luna, will be adding more positions once it starts going up. If it falls further will be looking for a new entry for our long term play. In general will be constantly looking for new entry points to be going long on this asset, be it higher price or lower.
NZDUSD - This is our bullish take on the currency pair with tighter stops and take profits. Our TPs are set at 0.67420 and 0.67585, and a tight SL in place. What we are looking to achieve here is get on the quick train of making extra money this week
We are looking at taking advantage of the current market sentiment and position ourselves to take advantage of potential downward movement of WTI in the next weeks to follow. We have some ambitious targets that we are looking to capetalize on with 3 TP in place and a stop loss in the 98.90 range. The TPs that we have set for ourselves are : - TP1 - 80.90 - TP2 -...
Short opportunity on USDJPY, with trailing stop after 20 pips profit. Risk-off still prevails on the market.
Selling GBPJPY on the breakout of its trend structure in 4hr timeframe and now below the support zone. Putting the SL back inside the range and will be monitoring it if it stays around the same level now without movement as the upwards range will run away and the SL will not be valid. Take profit just above the previous lows and psychological level of 153.
Cable - breaking out it's trend structure in 4hr timeframe and now below our support zone
GBPUSD BUY: 1.35700 TP: 1.36800 SL: 1.35150 Buying Cable on the break out of the channel on the 4H chart, supported by general fundamental strength for pound sterling. Being careful on the downside and keeping our SL quite tight on this one, it could be a false breakout down, so not too tight.
CADJPY is at resistance and we are looking for the break and confirmation of the break out of the resistance zone. Targeting the level just under 92 with a stop loss under the trend line at around 90.700.
We are anticipating GBPCHF upside linked to continued equity rotation towards cheaper valuations, a widening yield spread between the UK and Switzerland and a still hawkish BoE. The link between the CHF and risk sentiment appears to have weakened. We also expect the BoE to remain hawkish. Although we do not anticipate the BoE to surprise on the hawkish side, we...