GBP/USD Forecast | April 21, 2020Hello Traders! Considering the current status of COVID-19 and the upcoming UK Claimant Count Change (Unemployment Claims) that will be released in a few hours (Around 1 a.m. Central Time), we could expect to see a downward movement of the GBP. If unemployment rates are worse than expected, we can take this opportunity to make a profit by selling the British Pound. Again, due to the extremely high volatility of the markets in these past weeks, there still is a possibility that the markets could bounce up instead. For that reason, I would suggest using "Sell Stops" at a lower price point instead of current market execution so that you can add a layer of risk management in case the markets don't move downward.
Thank you for considering my opinion on GBP/USD!
- ALPHALICIOUS
Disclaimer: This is my personal opinion on the upcoming markets. I am not responsible for any trades that you place. Please trade using proper risk management and your own analysis. Thank you.
2019
Yay, the chart is back!Yes, after disappearing for weeks the COVID-19 DEATHS_GB is back. And now we can see, probably not for long, that there were 3587 deaths in the week beginning 6th July 2020, a supposedly 8.69% increase. As I've watched COVID-19 charts change before my eyes I wouldn't be surprised if this disappears without warning or record too.
BIOL WWLooking for .48c entry
Tight stop below .45c support @ .44c
looking for PT1 .61c
RR 3.25
Risking 8.33%
for
Gains of 27.08%
PT2 .75c
Risking 8.33%
RR 6.75
Gains of 56.25%
PT3
Risking 8.33%
RR 8.5
Gains of 70.83%
TLRDHad to zoom out on my TLRD chart, looks like .20-.23c price zone will be the bottom. Then a nice pump to $16 in 2021, looking into the history of this chart we see that typically after TLRD has a big bull run year the stock then declines for the following year b4 having another bull run following the year of decline. A bottom is found and then the uptrend restarts and we could see $13-$16 maybe higher.
I will be looking to buy some at the .20c levels
Decisive moment for Bitcoin? // Pro-ShortAre we going to see bitcoin fall into the downtrend channel again or not? For the past month Bitcoin has been stuck between a range of 10,500 - 8900 almost. Im pro seeing it go below 8900 for a healthier cycle long term.
I am expecting a downside and i am short on BTC. In addition to world fears of the COVID-19 virus and cases are hitting the fan with new records in most states, i am expecting wave two of this covid to happen.
$MRNA WatchYet another potentially profitable play regarding the Covid-19 pandemic is $MRNA, A pharmaceutical company that is currently entering its 3rd phase of a corona Vaccine. While this play depends largely on its vaccine success over the rest of the month this could be an extremely lucrative play. It has been in a consolidation zone for the past few weeks, a Good buy in level is at $61-$63 and because of its heavy reliance on the performance of its vaccine to remain profitable I am keeping a tight stop loss. Anything over a 10% drop presents to much risk to feasibly call it worthwhile.
NZD/USDHello,
I've got for you two nice ideas with smashing R/R, over 8 R:R in both cases.
So this pair has arrived in a key area, please check on daily, weekly and mothly TF for bigger picture and a nice overview.
The pair has right now arrived in a supply zone on daily, in this case we have to wait and see what will happen on NY Open. if the price will break the 0.65750, we could go in a long but only after testing the zone, we could aim the high price from July 2019 and 31 December 2019.
The back up idea is a short from 0.65750 till the base of this formation @ 0.64300 - 0.64200.
Let's wait and see what is happening on the New York Open but personally I see a bias change on this pair and we could see a nice long, also I checked the economics from both sides and from USA we have worst news, the fight in the streets, number of COVID-19 is on rising trend, on the other hand,if we talk about pandemic problems, in NZ the situation is under control and they report under 30 cases since April.
More updates will be here soon !
Stay safe and have a good day !
Dow Jones IndexHello Traders
US30 price currently on a corrective wave. We either working a triangle or a WXY correction so far. If Price breaks above trend line my target would be 1.236 and 1.618 of wave 4.
INO: only going upLooking at the trends and the candle sticks, I think INO is going up for the coming weeks/months. However, all very much depending on the outcome of the ongoing clinical trial: some results leaked and these were moderately positive (clinicaltrials.gov and www.pharmaceutical-technology.com). If the final results are disappointing or negative, it will go down, fast. Otherwise it will get a boost and easily reach over $30 towards $40. In the mean time I expect it to swing around $22-$24.
Wondering what you think?
Disclaimer: am a newbie, so also here to learn. Happy to receive constructive feedback.
[NVAX] Novavax: Update - 1.6 billion funded!I still believe NVAX has a lot of potential and I'll say it again. My idea is clear that its NanoParticle and Matrix-M Adjuvant tech makes it a prime candidate for a COVID-19 vaccines. Even if it doesn't make it first (or ever), it still has major potential for the seasonal influenza (w/ NanoFlu) and its Respiratory Syncytial Virus (RSV) vaccine. Check out my original post that is linked.
Today's News:
1. www.cnbc.com
2. www.fool.com
The recovery of the market ? Or not ? A comparison is due !With the COVID-19 crash having a big impact on the markets, I wanted to compare some assets/indices on their performance since the crash on March 12th.
For completeness, I have also added the gains since Jan 1st, to see how well they recovered from the whole pandemic.
Crypto Assets
It is clear that crypto assets show the highest resilience. Ethereum in particular has shown a lot of strength, probably fueled by the DeFi movement. BTC also made a nice recovery and is at a net gain of around 30% since the beginning of the year.
Gold and Silver
While Gold and Silver are the go-to assets in case of a crisis, the gains are far below those of the top 2 crypto assets, Silver even losing some ground compared to Jan 1st.
Stock Markets
The US stock markets have shown a nice V-shape recovery with the NDAQ leading the way, completely recovered the March losses and even booking some gains. I guess technology still is considered profitable. SPX and RUT still have some recovery ahead .. but ...
What is next ?
Will we see a much expected 2nd wave of the COVID-19 pandemic ?
Will the government keep pumping money in the markets to keep them going ?
What about the debt bubble ? Will it burst ?
What will be the effect of the elections in the US ?
So many unanswered questions which causes a lot of insecurity in the markets ...
What are your thoughts ? Please share in the comments below.
Oh, and if you like this idea, consider giving it a thumbs up !
Thanks and #staysafe !
ridethepig | Gilead to ATH's with Remdesivir📍 The effect of Remdesivir...
The power to unlock the all time highs via Covid is systematically, within reach rather fast, due to the nature of drug prices which are inelastic. The effect of Gilead being treated as utility is heightened by DT putting the big orders in.
Compare the following two diagrams:
Phase III trials & Chinese red carpet
Buyers maintaining a strong floor.
In the first, you will notice how once we got the break of the channel buyers were allowed to go wandering all the way to the target on grounds of safety! The second wave looks inevitable despite the political fairydust around re-openings, stimulus is running out and now the attempt to reinstate pockets of further lockdowns will make activity immovable.
Thus the question, why adding more Gilead?
When building a long/short portfolio, we must add hedges and blocks accordingly. The strategic protection with Gilead is pragmatic, 450 million new customers unlocked via European clearance & we already got the ✅ for the red carpet from China. Complacency around the virus is remarkable, UK cheerleading "Super Saturday" and US "Independence Day" ... who would have thought we are in the middle of a pandemic. In any case... An attractive constellation for a swing towards all time highs.
Thanks as usual for keeping the feedback coming 👍 or 👎
USDCHF continue to go up inside their Channel !!Tonight US Dollar continued to be weaken amid the increase of covid 19 cases that continue to soars. investors have been piling up the money on the sidelines while retail investor actively buying and doing day trading. The emergence of application like robinhood which offer zero dollar commision on buying and selling stock have attract many trader expecially young people to try their luck on trading. there are famous saying that said " History told us that Human never learn from History".
Today situation could be compared to the event that occur in 2000, when dotcom buble burst and make stock market plumented. During that tragedy, retail trader is busy piling up their luck on buying technology company cause that company soars to the stars. Therefore in 2020, retail trader have the same strategy which could lead them to lose their money. They buy stock from company that declare bankruptcy and hope their value will be recover in near future. They treat stock market like a gamble arena. retail investor gonna profit in short term while the profesional investor aka milionaire sitting in the sidelines waiting for the bubble to burst.
So which side do you want to be ?
SPY 40% profit on 2nd COVID-19 market dropLong -term investment idea for ETF AMEX:SPY on potential 2nd COVID-19 market drop.
SPY 40% profit / Long trade 241.98 -> 338.96 / TrailStop 48.49 of price amount
Profit: 40%, Risk: 20%, Risk ratio = 1/2
Allocation: 30% of the portfolio
See the full ETF balanced portfolio based on Yield/Risk maximisation in linked ideas:
SPY - 30% allocation, 40% profit
IHI - 15% allocation, 23% profit
SOXX - 15% allocation, 47% profit
VGT - 15% allocation, 41% profit
VUG - 25% allocation, 59% profit
All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y, Profit Margin) together with strong long-term up trends.
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