Might be a good one to have a SMALL punt on. 1:18 Risk:Reward
There is not much volume so be aware that there could be slippage on your stops. The drawdown entering at 165 sat is 20% (not including slippage) so be safe.
However the upside potential is 370- 460% So for a $1000 position ~$200 Risk: $3.7k - $4.6k Reward.
Someone wanted me to have another look at...
Reversed on the noted zone. (shared with Telegram subscribers few days ago).
Looks good for now but if it drops below 96.80 we need to start thinking about other possibilities.
Look for 3 waves correction to buy this.
Looks like a Triangle for now. So, price should fall as long as it remains below 6975.
If this goes above the stop lvl, the forecast could still play out but instead of a triangle, we get a Flat correction.
As long as price doesn't go above the 78.6% retracement level, I will remain with a bearish view here.
A drop below 3075 would be a good bearish sign.
If price stops around 3185-3200 I will look to open a small short (1/3) and add if goes lower.
( But carful though as DJI, RUT and NDX aren't playing along! )
While the pair is trading in a bearish wedge the dead cat bounce is always a good bet, and we are right at the support level.
So, long with 2:1 and 4:1 risk reward take profits respectively.
The probability is less than 50% but it is compensated by the huge risk reward.
If SL hit, wait for the bearish breakout then, and go into a mirror trade.
Thank you for...
TFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line).
I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a...
We got a 3 waves correction from the June 15th low which stopped at the 78.6% retracement level.
Price is now going down in impulsive fashion and should continue doing it for the rest of the week and maybe even the coming one.
Target levels are the Green Fib levels which are a projection of wave A1 from wave B2.
A reversal at the 100% projection would be normal...
Amazon - This one seems like a great short opportunity because we can count 5 waves up and wave 5 itself seems to have finished as an Ending Diagonal with a small throw-over.
This usually signals, at least temporary, a trend change down to the marked support zone first.
If price drops and goes below the dotted trend line and the 2500 level, the conviction for...
NSE:BRITANNIA is making Higher Top and Higher Bottom on Daily Chart. Stock is trading above all key moving averages. RSI & ADX is also showing strength.
We are recommending Buy around 3425-3450 range with Stop Loss below 3300 on closing Basis with Target of 3700 in next 3-4 weeks.
I have been waiting for this level to be reached all week, and now entered my second buy position on EURUSD, with hopes of it hitting the 1.50000 range over an extended time. 1:5 risk reward ratio
Been eyeing on this exotic pair since the start of the week and it looks like it's still bullish. Do buy it and proceed with strict risk management. The setup here is a 1:3 Risk reward ratio.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Hello all,
Here another TA of me, this time on the stock RENEWI.
Its a very interesting company, i would advice you to dive in the fundamentals for further information. I will just show the possibilities with TA.
Everything you need to know, when it comes to TA, I've put in the chart. In sense of risk reward ratio, this stock might be a very good one to gain a...
USDCAD is breaking the trendline formed since the beginning of this week.
On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away...
Stocks and oil are under pressure, thus risk-off is favorable for USD bulls.
Another USD long already opened.
Entering the position around 1.3560 (current...
EJ has been consolidating for a few hours.
Waiting for the BREAKOUT in either direction.
R:R could be 3:1 if the breakout is BUY biased or 2:1 for SELL bias.
Blue lines are levels of Support & Resistance from the 4 Hour time frame.
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
The main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument.
From techincal POV:
-H&S chart pattern
-RSI divergence
Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R.
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Make your...
