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Long AAL IntradayLooking at AAL today saw some good movement and it seems to be liking the 17.83 support area. In terms of probability, the stock holds some upside potential atleast until the next resistance 18.55. If the stock opens lower than the 17.83 support I will be looking at a more bearish outlook, a movement towards the 16.93 previous resistance. All in all in my analysis I deduce that 1. if the stock opens higher than the current resistance (18.55) I can definitely see a movement up to the 19.50 region and towards 20.30 2. If the stock opens at the current support (17.83) I can see it move upto to the resistance level 18.55 and profit with a quick scalp 3. if the stock open below the current support (17.83) I can see the stock move down to the previous resistance level (16.93) My pick: #1 Given the right momentum and bull pressure we can break past the 19.50 region and if so I can place TPs at 19.50, 20.30 and 21.20 Let me know if you guys think of anything else. Just looking to record my ideas and if they help anyone with their own analysis, all the better.
NASDAQ:AALLong
by RobinDhillon
1
USDMXN: BOOOOM morethan 26,000pips and 500% return on my accountWhat did I say about USDMXN? I said it will SELL like crazy!!!!!! you don't believe me? check out my previous analysis I've been making since early May!!! USDMXN has been my greatest trade since March. In March I made 50,000pips and now 25,000pips!!! I've mentioned to SELL this pair since early May, check out my previous post to verify my claim. I will try to BUY this pair in the near future but for now, I'm done Selling! there is a good chance it might continue to go lower but I've already achieved my goal to make 25,000pips (500% on my account). This pair has retraced more than 50% and a good buying opportunity might be around the corner but it might take time for the Buy formation to happen. What a great way to start the month! comment below if you managed to capture the move...
by UnknownUnicorn4020772
5
001 Piggish_Play - Bearish Strangle on Urban Outfitters (URBN)NASDAQ:URBN TRADE OVERVIEW: Entry Date: Monday - Tuesday, May 25th - 27th, 2020 Ticker: {URBN} Sector: Retail - Apparel STRATEGY AND POSITION DETAILS: Strategy: Aggressive Bearish Strangle Main Position: 80 PUTS $17.50 Strike Expiration (5/29) N/A Offset Position: 10 CALLS $20.00 Strike Expiration (6/19) N/A FUNDAMENTAL REASONING: Aside from the entire sector missing street estimates by an average of triple digits (both top and bottom line), URBN is the clear choice for worst Q1 performance, missing consensus estimates by over 500%. The only award they won was providing the bleakest Q2 guidance in the sector. This company is either going bankrupt or will be struggling to survive for the next three quarters. I do not see a bullish fundamental argument. Finally, very recent analyst estimates have been slowly teasing down throughout the weekend. Once I see an actual “Sell” rating, it’s all over, in my opinion. TECHNICAL REASONING: Triple-top formed and confirmed on Friday with heavy headline resistance . Volume speaks volumes - red days simply have several times more volume than green days. The gap from 17.50 to prior peaks is simply insurmountably high, given the recent lack of fundamental confidence. To that point, I believe that the sideways trend is now long enough to align with pre-COVID highs where the 3rd Cycle Wave down can begin. Also, I believe that both URBN and the major indices are experiencing heavy buying exhaustion, which leads me to believe that a corrective week is coming. The tailwind from the broader market pullback will likely be the final push down for this stock. POSSIBLE PITFALLS: The stock is broadly oversold and tends to bounce violently at lows. Look back at the 5-year chart for evidence of the power behind these bounces. My logic is that if it does get a sustained and powerful bounce, it will continue to 20 and beyond. The call options have more time value, and thus, act as a perfect hedge in case the broader market surges over the next coming weeks. BOTTOM LINE: Polar Bear Candidate of the Year - I cannot find any reason to be bullish from a fundamental perspective. Buy short-term PUTS & offsetting calls for an aggressive strangle this week that can yield 5-6X given the clear 12 dollar target.
NASDAQ:URBNShort
by UnknownUnicorn5511258
3
USDJPY BULLISH ABOVE 107.30The US dollar remains well-supported against the Japanese yen currency as traders continue to buy any dips towards the 107.00 level. Technical analysis shows that bulls need to defend the 107.30 level this week to keep the recent bullish bias in play. Traders should be aware that a breakout above the 108.00 level could cause a powerful rally in the USDJPY pair towards the 110.00 level. The USDJPY pair is only bullish while trading above the 107.30 level, key resistance is found at the 108.30 and 109.00 levels The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 106.90 and 106.03 levels. Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
AUD/NZD ANALYSIS/ POTENTIAL LONG POSITIONFor the analysis of AUD/NZD I first identified the overall long term trend on the 4 hour chart. In this case the currency pair is moving strongly in a uptrend therefore I was looking for any opportunities to enter the market in a LONG position. I then used the 1 hour chart in order to find a trade set-up, therefore I searched for a recent PREVIOUS move to the upside in the market and identified the SWING LOW and SWING HIGH of this session and used the FIB RETRACEMENT TOOL from the SWING LOW and dragged it to the SWING HIGH, now I had my Fibonacci levels laid out. The SWING LOW also represents an area of SUPPORT and the SWING HIGH also represents an area of RESISTANCE, from the SUPPORT area we can see that price was making moves to the upside and as price reached the area of RESISTANCE we saw price retrace back DOWN and hit the key FIBONACCI LEVEL of 61.8% and carry on the UPTREND. In the area of interest on the chart I also identified a CHANNEL where the 2 GREEN lines are also acting as SUPPORT and RESISTANCE, we can see price bouncing off each of the lines with the top line acting as RESISTANCE and the bottom line acting as SUPPORT. Within the area of the channel, we can see that price very nearly hit the RESISTANCE area before forming a BEARISH candle indicating a RETRACEMENT back towards the downside and hopefully hit the 61.8% FIB level which will indicate us to place a trade in this market. The bottom line of the CHANNEL is in line with the 61.8% FIB level therefore IF price reaches the bottom of the channel it is an extra indication to place a trade. If I place this trade I will place it with a 2:1 RISK-REWARD RATIO. Please let me know what you guys think of this trade set-up, feel free to message me any questions you may have, I am more than happy to help :)
Long
by ShaunGadd02
1
Trade Log NIFTY May 6 Yesterday, I had said 1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news. 2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region. Overall, I think point 2 was observed. The support was discovered in the region of 9100-9150. Now We have to see how long this holds. I have the following observations about today's price action 1. VIX dropped 5.41% for just 0.75% rise in NIFTY. Market was choppy and formed indecisive candle. 2. The second sell off of the day after 1:30, found higher support around 9190. 3. Bank NIFTY outperformed. 4. Breadth was Ok. 37 Advances and 13 declines. 4. Option writers undecided at level 9300 and considers 9600 as upper limit. 9100 as lower limit for tomorrow and coming week. All this means 1. Trend is still negative, but there could be a pause and consolidation. That means some reversals on intra-day charts. 2. We have to consider the 9100-9200 region as the support now. This support will further confirmed if we get a close above 9340 tomorrow. And resistance of 9340 is confirmed if it closes below 9190. For tomorrow, 1. Tomorrow is expiry day. I wont take tomorrows action, especially sharp move if any as indication of further trend. 2. Mostly indecisive day today, so we have to see in which direction the NIFTY moves further. I do not have any bias going in tomorrow. 3. But if I have to build some view, then I think it'll be uneventful expiry (9300 +- 50) tomorrow, if there is no news flow tonight.
NSE:NIFTY
by Observe_Think_Act_Think
2
EUR/USD ANALYSIS FOR A SHORT POSITIONIdentified overall trend on the 4 hour chart, in this case the market was a downtrend, therefore I was looking for a short position. Whilst still on the 4 hour chart, I looked for the last MAJOR move to the downside and located the SWING HIGH and SWING LOW. Once located, I used the FIB tool and went from my located SWING HIGH - SWING LOW with the tool. After I had plotted where I wanted my FIB levels to be, I identified an ascending triangle in the current trend and from there, plotted it onto my chart and closely watched the market until further indication. Soon I saw price was squeezing towards the end of the triangle and aiming towards the support area within the triangle with SHORT candles forming. Then when price hit the 61.8% FIB level as well as touching support, I placed a trade with a 2:1 RISK REWARD ratio. Please let me know what you guys think of this trade set-up :)
Short
by ShaunGadd02