Back to 200ma at $7500slowly getting wet here, support is weakening .. selling seems excelerating.
at this point it's likely that we test prior breakout at $7500 take notice 200ma has been catching up perfectly to it, that bounce gotta be epic.
200ma
NZDJPY Short - Outside test of rising trendlineI spotted this idea on the weekly chart but there is important detail on the Daily. So we have price action having been kept below the weekly 200MA and then sliced through the rising trendline it has turned and come back up to test the outside of the trendline which is also near to another touch of the now falling weekly 200 MA.
Looking for a Fibo 38.2 (RR of 3:1) retrace on this run up isn't asking too much to start with as a target and that sits nicely in the previous structure area that has seen so much action looking back. There are caveats to consider such as where the little red line is that resistance has turned support and been touched so when/If were to reach there I would be moving stops to break even as a precaution. Alternately you could take a third off at that level, a third off at 38.2 retrace and then let a third run on if it does, happy days.
I've put stops a reasonable distance away to give adequate RR but also take into account a little area of prior S/R should it decide to pop there before falling and I wouldn't be doing a hard stop here, it would have to be a close above this week.
If you wanted to be more conservative you could just wait for another touch of the weekly 200ma, if it gets there however i'm happy with what I see here already.
EURNZD ready to go up?5-0 bullish formation is possibly ready to drive price to 1.71 area. Divergence is in play both on RSI and MACD. 200 Moving Average holds nicely. Buy order valid after the trendline breakout.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
XAUUSD Long potentialThe last move up will complete the first bullish impulse with a fake out close to trendline. Continuous divergence on the MACD will potentially drive price to the support area of 200 Moving Average, before the move up.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Buy BTC, but not right now!!!Hey guys,
Yesterday BTC/USD broke 200MA and went further down.
MOMENTUM and RSI are sill not overselled, so just be patient and wait for the right moment to buy.
The bounce back at 9AM 1H Candle failed so it should go a little further down.
Argument for a shortBased on Resistance, 200 MA bounce and price being at a top of a channel, and a compilation of ABCD pattern I believe USDJPY will be going south. Lets see what happens.
Happy monday everyone!!!
Earnings ReportThe 200 MA is providing resistance and the 50 MA is providing support. This is most likely a flag pattern, and the ADX is about to go green so will most likely be bullish. But, since the earnings report is coming out today, I have chosen to create buy and sell orders.Also, due to past earning reports the volatility is very high so I expect the same to happen.
$MBT above 200MA and 75 day highstrong move above 200MA and 75 day high
focusing on simplicity EOD price and price action
Long term trade on HTZ. BullAfter apple´s agreement with HTZ, the market have bought the tock and have increase 80% in 17 days. Even thought it seems enough, I am think we can reach the Daily 200MA after a gold cross between the 9MA and the 200 MA in a 4 hour TF.
DOLLAR INDEX (DXY) FURTHER DOWN MOVEMENT EXPECTEDCheck the annotated chart.
Price trading below 200MA.
Retest of the weekly trend-line.
Weekly Block EQ tested and held.
LILA nearby breakout area, major resistanceLILA is another stock with positions recently added on to by investment group Dodge & Cox. The stock has been trending down since it's initial high, and prices are once again finding an area where they are to either continue on higher, or go down further. The stock has had some slight increase in volume recently, but prices are still below the major resistance area. The price is also nearby to the 200 MA, so there is the chance for them to pass through and use it as a support area to continue further up. This is a descending triangle, so the energy of the prices should react positively to the geometry of what's going on. A trade can be taken with a 2:1 R/R where the prices can move a full 2R from the last decent green bar before encountering some more resistance at the psychological $22.00 level where prices previously consolidated.
TV going through a wedge, major resistance trendlineShares of this stock were recently purchased by investment group Dodge & Cox, the prices are going through a major wedge shape, which is slightly pointed upwards at an angle. The top of the wedge is at a major resistance from the highest price the stock has reached dating back to 2015. The prices are also bouncing from the 200 MA, providing an area of support from which the prices can begin to trend higher. There is an area of consolidation which can be a short-term issue. However, a partial entry can be added on to later as prices trend higher if prices really do breakout that way.
There is a possibility for prices to fail to breakout from this zone, and they can trend lower to a further support below, where prices will again attempt to breakout from another major support. At that time the wedge will be descending, so there'll be stronger technical support for the idea that the prices are to breakout to the upside and continue on that way.
