For long-term purchase and holding, this currency has growth potential
Tuesday was choppy but after 10:10am price started falling as projected. Price formed an ascending channel on the 5 Min TF, PRICE faked out and then dropped. Anticipating a drop I entered once price rejected going above the horizontal arrows! Happy Tuesday Traders!
I have been unhappy with the projections of where Bitcoin is headed. Nobody seems to really know. There seems to be a heavy sentiment of downward, capitulation and some of the usual calls for ATH, which makes sense but I haven’t seen a pattern that looks strong. On the monthly I noticed a pattern that I like. The 5 EMA (yellow) - is about to make the right...
APOLLO HOSP sell below 4293 SL above 4350/4450 (depending on your target) Target- 4250, 4225, 4205, 4142, 4050 Option strategy :- +1x 26MAY2022 4300PE - ₹ 185.2 -1x 26MAY2022 4200PE - ₹ 138.2 Max. Profit ₹ +6,625 (35.19%) Max. Loss ₹ -5,875 (-31.21%) Max. RR Ratio 1:1.13 Breakevens 0-4253.0
Presented is a 1 hr simple directional analysis pending a break through channel resistance or support. A break and close out above 1.07400 followed by a bullish bar may indicate bullish movement to retest next resistance of 1.0800. A break and close out below support 1.07100 followed by a bearish bar may indicate continuation to retest next support of...
Trade in the direction of the move out seems to be the best answer. This is really not as difficult as it's cracked up to be sometimes. Once I can cure myself of the overwhelming desire to use the markets as entertainment instead of simply checking in and checking out... I think I might actually make a lot of money. ------ Ok, have a good day everyone.
Hey traders, I was searching for potential pivot points for long call opportunities and I came across Biogen NASDAQ:BIIB and thought to myself "Hey! This looks good!"... that is until I saw they're expected to report earnings tomorrow. But otherwise, take a look at the chart above. One thing you will see...is that its been trading within a range. I highlighted...
The bounce off the 61.8% Fibonacci retracement support was key and a great sign for the bulls. The Average Directional Index (ADX), which measures the strength of trend momentum, is maintaining strength for the bulls. Since the green positive directional index line did not cross the red negative directional index line the 61.8% level becomes a nice floor. I am...
Bull trend is still in place so far so the best probability remains to buy every retracement to follow the flow. Always calculate the cost of the stop to properly size your trade (cost should not exceed 5/6% of your account) Feel free to ask if you need more details about my trading tools and ideas. This graph and comments can be updated during the european...
The price action in the area of resistance at 1.3143, indicate the strategy. When the PMI and record as certain price, better to be outside. Once, trend, closing, stop in relative defined above. For the price target, we use trend, mommentum, heikin Ashi, Price Action, that with you to feel more comfortable. Great Trading. www.fxstreet.com
Resistance has been broken and a strong uptrend is occuring. Watching the DMI to see when the trend slows down, long until then.
DRE has been in the news as a strong performer in the recent months, and has outperformed the S&P on a larger time frame. Zooming in, we can see a small HNS on the 15min, that should bring us to test the red longer time frame trendline. This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down...
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]