EURNZD Trade Idea Long
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information...
IF PRICE CAN BROKE THIS LINE (WE ARE IN DOWN TREND CHART) PRICE WILL MOVE FOR LOWER SUPPORTS AND THIS IS GOOD POSITION FOR SHORT, JUST BE AWARE IF YOUR POSITION TOUCH FIRST TAKE PROFIT YOU HAVE 2 CHOICE
1. CLOSE ALL OF YOUR POSITION AND OUT FROM DEAL
2. CLOSE HALF OF YOUR POSITION AND MOVE YOUR STOP LOSS AT ENTRY POINT AND WAIT FOR SECOND TAKE PROFIT.
POST WILL UPDATE...
Bitcoin and other Cryptos have not been an interest of mine until recently. However, sticking to the market technical's of smart money traders, I have seen some interesting price action in BTC of late and have actually entered a trade (for he second time ever in my 10 years trading) in the beast that is Bitcoin.
This chart will undoubtedly look foreign to most...
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.
HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.