Patiencepays
EURJPY WAIT FOR DIRECTIONTechnically price is at a level where you can only make a move once the market provides direction either upside on break of the resistance level OR downside on the reversal of this level.
Fundamentally; Euro is at crossroads which much happening on Brexit and US elections plus the stimulus debate that keeps coming up.
hence a wait and see approach for this pair.
TCS chart analysis on daily and weekly timeframesTCS is a buy:
Beautiful chart! It shows resistance getting weaker after multiple tests! It finally broke!
The stock is above 200 periods moving average
Clear break on the daily chart after consolidation
RSI is very strong, actually overbought.
I suggest wait for a small pullback and enter the trade
Target close to 2900
Safe stop-loss is around 1984
Good luck!
WRX/USDT be careful with long positionHello, traders.
On the USDT pair, the price is testing a resistance zone but we are only looking for a long position above 0,10$
With the price forming Higher Highs.
Best Regards.
Without a technical outlook your missing 50% of your trade......Just wanted to show a simple approach to understanding you don't need a lot a shenanigan's to understand what the F is going on. Just a sweet technical outlook, mixed with the fundamentals for a long term outlook. You should be styling my friends.... Considering there is still a CME gap around the 9,600 range, I would not be surprised to see a pump then retracement to around the 9600 levels to fill the CME gap before the next big push. Either way got to wait to see what the charts say for the short term. For the long term BTC blow off top I think we can see a range of 100k to 500k by Dec 2021 based on the fundamentals. Knowledge & Patience is what pays! Make sure you don't take my word for it tho because I am not a Financial Advisor. Do your own DD. Thanks!
Sell GBP/JPY (Update to the 10/09/2020 trade)Remember the trade I placed on GBP/JPY at the beginning of the month, precisely on the 10th . Then, I made a 1 month estimation for the move to get to completion.
Today marks half the time, and the trade is still on.
It currently hit a major support and will consolidate for sometime before continuing with the move to the bottom.
You could still find an entry point to ride out this move with me.
USDZARhas broken with strong momentum previous structure of retangle pattern on Tuesday - now is has been at another structure level from higher timeframe
therefore, it may reject to the previous resistance or trend line above or we can break this support structure and expect a drop about huge amount of pips
BABA on steady stateIts resisting and support continuously for past week and this week also it seems to be the same. hope for last week of September to cross 300. By considering the COVID vaccine positive news, the probability of going down is less but still unperdictable. But for sure, like other saying it wont go till 250, will stay on 265 to 280 margin.
TP2 Area reached... Now at 100 pips in profitSlow and stady wins the race.... This pair now at 100 pips in profit, We continue to hold!
Hold your winners TEAM!!!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
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SPR has Massive Upside for Long-Term InvestorsThe support levels (~19.00 and ~17.00) for SPR have been tested on many occasions. This beaten-up stock has very little downside at current levels. The dismal outlook of the aerospace industry has already been priced in. SPR has a partnership with Virgin Hyperloop to manufacture infrastructure needed to build the next generation of high-speed rails. For a company trading at book value and potential for huge growth (with the rebounding aerospace industry, defense industry tailwinds, and a revolutionary rail system), investing in SPR could bring massive returns for long-term investors with patience.
Finally the end of the bear, start of the bull?Hello traders,
hello hodlers,
i hope you are all fine in terms of your health because of the global pandemic!
The most informations should be very clear in the chart.
I really like to watch in big time frames, because i can see much clearer where we are now.
Good news:
- we have exiting the downward channel, which we were in since mid of 2019
- we are above the 21 week EMA
- we are above the multi year resistance (since 2017 - last ATH)
- we are in a period of consolidation and stable price movement
Bad news:
- we are not above the multiyear support line (blue)
Those are the facts without any speculation.
Now the question is like every time before ... what will happen next?
And my answer, my own opinion is:
We will see higher highs, BUT we could again see a so called "shake out" which bring us back to 6,400 (in the worst case).
I see no reason at this point, where we could fail and miss the next phase of a really big bull market.
But i see many reasons why the market could try to trick people to sell there Bitcoin once again, before we are leaving those price levels forever.
What does this mean for me?
I will not sell, nothing... But if we drop again, i will buy as much, as the FED is printing money ;-)
This is no financial advice, iám not your financial advisor. Only my opinion, my thoughts.
Take your own risks, on your own choices.
EUR / NZD Short OpportunityLiquidity sitting above those equals highs gives me good indication of where smart money is at. Also going to be very interested in the 1.7500 price level for a continuation to the down side. Higher time frames (Weekly , Daily) are showing overall bearish momentum adding another confirmation to my sell opportunity. Being that the market closed below the previous low on June 8th, the mitigation back up to the previous lower high is my main point of interest (1.7500). Going to be patient once price enters my point of interest. Risk Management always most important.
EUR / USD Potential Short OpportunityHigher time frame analysis painting a nice picture for bears to begin to take over with the Euro US Dollar. We saw an immediate reaction off of that 50% Daily Candle on June 10th and since then I have been simply waiting for the mitigation play all the way back to fill these areas of imbalance. 1.13500 is a key level of interest for me and I wouldn't be the least bit surprised to see price push up to that price tonight. Going to continue to be patient and pay close attention to what price is doing once it reaches my levels of interest.
Correction or Rally?Hi Friends!
There is action guaranteed in the coming months. Will we witness one last move down to complete the correction?
Or will Bitcoin reach for the moon just now. How may the future of Blockchain look like? Top or Flop?
Lets sit together, have some coffee and have a discussion.
All Bulls and Bears are invited to share thoughts - charts - and cakes.
Smiling traders are better traders ;)
Happy trading!
'heish
--- disclaimer ---
this is not financial advise.
GBPJPY LONG OPPORTUNITY Happy Weekend Traders , i have this pair already around my point of interest. i would look for it to hold around the psychological level before buy to get me to the next swing point. Your likes and comments would be welcomed . Please kindly join me to get more of this analysis in the future. Thanks to you all for the support friends.
Sideways moviment on RVN/BTCHello, traders!
RVN is inside a big accumulation pattern after the price brokes down an important support level, this could be a bearish accumulation pattern or a sideways movement, and in a moment like these, we don't try to guess where the price is gonna go but react of it, so we will wait for a better confirmation, besides that we are in the middle of the pattern.
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Patience time for CHRBTC.Hello Traders,
We are only starting to look bullish on CHRBTC when the price goes back above 370 sats area and start a bullish structure with higher highs and higher lows.
We also have a support level on 300 sats area lets see how the price behaves on this level, but for now, it is time to do nothing on CHR besides what the price behavior.
Patience is a key point for every successful trader in the market.
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