Short XRP/USD according to the Zen-Trend FollowerWe got in the wave up, now we're short on the way down.
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Breakout-strategy
Bitcoin Poised to break?It's no secret that Bitcoin has been the Big short of the Year, but my opinion is that things are about to change. We are now seeing the signs and signal of reversal that we have been long waiting for. The inverted Head and Shoulders on the 4 hr chart is a classic reversal pattern and anyone who knows me will know it as one of my favourites.
The ideal area to trade these amazingly powerful patterns is on the right shoulder, but in the lack of it being a clear opportunity it is time to switch to the Neckline break.
The great thing here is that it will also give us a Trendline break supplying us with an area of Confluence.
The tip here is to look for that break to happen and to pick it up on it's return
CADJPY SHORT THE BREAK LOWER Break of the trend line to the downside
Looking to take profit at the 78 FIB level
NZDUSD, Potential buy setup for next weekHi traders, Hope you are having a nice weekend. There is a possible buy setup for NZDUSD next week.
Don't miss it. Thank you.
CAD/JPY Long Setup / UpdateCAD/JPY broke out of a descending Trendline and tested this line again. This Pair could not break the Resistance level at 78.6. I'll wait for a breakout to the upside and enter my long Position after the breakout.
Always follow your Plan, Daniel
Likes and Comments would keep me motivated to post more Setups
Whats it gonna be? EURGBPHello traders,
Since we are stuck in a sideways movement, we
might as well plot possible scenarios for a future breakout.
This strategy requires a clear break so don't place trades
without seeing a strong move first.
Thank you for all your feedback.
Trade safe, trade well.
DAX potential short scenario on Fundamentals and TechnicalsJust days before Germany's much anticipated third quarter gross domestic product (GDP) data is released, business leaders and policy makers warn that euro zone's largest economy has lost its competitiveness and is on the brink of recession.
German Stock Index DAX is grinding high for the last 3-4 weeks after a sharp down move. It is building nice consolidation and I think resolution of this chanel will give us another directional move. My bias is to the downsideas price is below 200 EMA for a long time and failed to hold above during recent sessions. Data on Friday could be a good catalyst.
Break down and close below 9,200 support will trigger my short entry with stops above 1/2 of this range at 9,300 then we have 9,400 as important mark. My first target is 8,900.
GME break up of downtrend Stock came from $16 to almost $58 in year and a half but was sold off on bad earnings results almost 2/3 of it is initial move up. In such a strong tape I think it looks ready for move higher, as it found support at $33 and have built higher highs with consolidation support at $35-$36. It broke downtrend line to the upside with strong, green candle and building nice and tight base above key moving averages wich gives us calculated trade if it triggers above $40.60.
If you are active trader you can use tight stop below base support $39.44. I prefer to give it more room and will put my stop below $38 - break out point and 21/50 EMAs.
