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EURJPY 124.782 - 0.56 % SHORT IDEA * CONTINUATION PATTERNS Good Day Everyone On the EURO / YEN the pair is currently holding the descending channel structure as the market closes, looking for continuation of the trend on the pair in this coming week. The pair is currently trading in a bearish flag formation when scaling down a little which could signal continuation with the trend should RESISTANCE LEVEL 125.066 HOLD... lets's see how it goes... HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 124.294 TP 2 - 123.459 SL - 125.175 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
EURGBP Analysis - Wait for ConfirmationThis market seems to be in a triangular pattern, (in purple) waiting to hit the area around the 4H Trend line (higher blue trend line) or the D1 Trend line (Higher brown trend line) I didn’t manage to spot any resistance or support levels higher than the ones identified on this screenshot, however, there are other zones identified using the weekly timeframe. This is a rather tricky place to enter the market as it is halfway inside a channel and anything can happen. According to other traders, predicting a market move is inadvisable, and therefore reacting to a market is what traders are advised to do. However, in this case, I’ll go the ‘prediction’ way: Price is likely to make a short bull run to the area around 0.90872 and 0.91112 as mentioned earlier, or break the resistance area around where it is, retest that resistance as support, and make a move to the upside. Let’s wait and see…
Long
by IKinyanjui
XRP Puts Respek On The Trend & Asks For Launch Code XRP Price Action In 2020 Breakout of multi-year wedge Diagonal Resistance Line Turns Support Price Accumulates below the Long term resistance near .20 then breaks out. Moving averages looking parabolic but RSI nearing the top on the higher timeframes. Lot of you hate on XRP & thats cool. At this point I think it's a choice to ignore how integrated this crypto already is. The public is always the last to know and normally a decade later. Market Caps will get to unfathomable numbers at next market top due to the inflation of fiat dollars. Until we are on a new monetary system the "next bubble" will have to be bigger than the previous. Many coins will go into the stratosphere. Witnessed it in 2017. America was baffled at the wealth amassed by Sam Walton a short time ago only for it to be entirely dwarfed by Amazon's Bezos just a few decades later. A lot of speculators attempt to determine what is and isn't possible with XRP & other cryptos but consider this. 20 people each invested in Amazon during a private funding round to raise $1 million in the early days. Each gave $50k and in return received a %1 share of the company. Today that is worth over 15 billion dollars or a 300,000x increase. What will eventually happen with the crypto market will even dwarf that in the very best of returns. They wont be able to print the fiat fast enough. Where will all that money go if you can only spend it digitally/electronically? How long will people carry exact change before caving to the digital system? What about when there is now accepting Bitcoin & Alt deposit signs outside of major US banks? (thanks alot Brian Brooks!) Crypto is part of the covid "cure". We've been shown this many times subconsciously & in the open. World economies yet to feel the full effect. Stimulus and forbearance used instantly to keep the fiat worlds cards stacked in a house-like appearance. The only Conclusion? We ain't seen nothin' yet. Not Financial Advice.
BITSTAMP:XRPUSDLong
by MitchMilli
ITCB: Breakout & Confirmation After Recent Volume SpikeITCB was a juicy stock for day-traders just two days ago, with a huge gap-up leading to a large spike in volume from speculative momentum-based day-traders entering the market for this stock. After this, price retraced partially but showed signs of a falling wedge forming which ended up causing a break-out with confirmation by bouncing off of a recent level of support. We will presumably see another spike in volume coming in as many day-traders will be watching this stock for another big move and surely the clear technical pattern playing out here won't go by unnoticed. Aggressive profit targets would be at the recent highs the day-traders were able to establish, after which we can scale down and look to buy a dip if there's ground left to gain. The main reason this is a good buy is because there's a lot of unchartered territory ahead for the stock to overcome, while there's a very recent level of support that has just been tested successfully. Low risk, high reward, good probability of success. Thanks for reading, and have a nice trading day!
ILong
by ralphschraven
8
GBP/CHF Longing for PipsGood day, snipers. Here in the GBP/CHF, we previously broke through a minor area of resistance and now turned it as support and is also the 38.2 Fib level. With these three combined, I am looking for a bullish signal then that bulls have stepped into the market in order to achieve a confirmation and a better risk : reward ratio Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
Aussies heading into troubled zoneThere are no promises, guarantees or predictions in this. The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that. What happens in situations like these is: 1 - either price collapses. 2 - it rockets north. You can imagine what bulls and bears would say to each of the above. Their inherent biases controls their minds. Biases predetermine - quite unconsciously - what logic will arrive at. Hence people get into 'predictions', then punch the air when price confirms their bias. Both the nature of confirmation bias and prevalence-induced concept change should be studied by all traders. Some say ' What's psychology got to do with this? ' I'm sorry for some. How does one control how wrong a bias may be? It's called a stoploss! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Education
by Captain_Walker