August 13, 2021 Amazon is undeniably massive company. a favorite of fund managers to be always in their portfolio. Looking at the current chart, both investor and trader can benefit from it. For traders, at the current price, it is near 200ema which is an area of value to consider. a 14.29% discount from 3,774.81 price. A Stop Loss at 2,920 is 1.5ATR away...
Back in October 2020, price started to bounce in the 200 MA. Recently, April 1, a price rejection happened and now price is above the 200MA again. I have also noticed that buy signal and rsi cross in October also showed up recently which are all buying signal for this strategy. I decided to test buy at the current level. And will continue adding if 1....
February 27 was a great day for Cardano. it reached 1.48486 then retraced almost touching 50 baseline (red MA). With the current chart using daily and 1 hour timeframe, that price may be revisited and may be broken for a new all time high. Daily time frame is my trend bias, trade Grade and Risk Reward Ratio. TREND is uptrend as the price is above 200 baseline...
As I write this trading idea, my buy limit order has been hit at 0.65947. Trend bias on the Daily Chart Price is above the 3 baseline which indicate that the over all uptrend is still in tact. The highest peak is 0.67673 and retraced below the 50 baseline (red moving average). Confirmation showed a buy signal (green dot) which indicate that the trend will go...
Hourly The Trend Bias The hourly chart showed a significant pressure on the possibility of correction. It peaked on March 31, 2021 at 0.09756. BINANCE:TRXUSDT is I think facing a correction and I will take it as a short trading opportunity. 15 Minute - Then Entry trigger The 20 moving average may soon cross the 200 moving average as shown in the 15 minute...
Uptrend of this pair is still valid and based on my R2 Long setup, we can still get some pips here. watch the video for the complete analysis why I am on this trade. Need to watch out this week for the CAD unemployment rate coming tomorrow (Friday) which may affect the trade. but based on the fxbook, the unemployment rate is against the CAD. but it will be...
I have created a video for the complete analysis on why I am long on this pair. Hope you find value in it.