9/Sep/2019 09:52 AM
Idea only, no position. Has been a very weak name, no reason to be long unless a fundamental narrative supporting the technical setup.
Targets based on fibs.
Take it level by level. If RSI can get above and hold the 50 level would be very constructive.
THE MARKET COULDN'T KEEP THE UPTREND THAT STARTED ON JUNE
LOOKS LIKE A REVERSE IS GOING TO HAPPEN
I CAN SEE THE MARKET FORMING A HEAD AND SHOULDER REVERSE PATTERN
THE RIGHT SHOULDER FORMING CORRELATES WITH MY FIBONACCI 61.8, 1.3 CRUCIAL ZONE AND A RETEST OF THE BROKEN TENDLINE
OVERALL I HAVE BEARISH BIAS ON THIS PAIR BECAUSE WE HAVE AN UNCLOSED GAP AT 24...
30/May/2019 10:15 AM
INCREDIBLY WEAK NAME HERE.
LONG AS LONG AS ABOVE YESTERDAYS LOW. SMALL POSITION SIZE, TARGETING A V BOTTOM.
ODDS OF SUCCESS ARE SLIM TO NONE GIVEN THE HISTORICAL WEAKNESS OF THIS NAME.
NOT ACTUALLY TAKING THIS TRADE. BUT LOGGING THE IDEA. REALLY IS POOR RISK MGMT TO GO LONG SUCH A WEAK NAME AND SECTOR. BUT MOMO IS THERE WHEN THIS DOES SWING...
16/May/2019 11:25 AM
RR based long idea here.
Likely hood of this working is very low, given the absolute lack of strength in the sector and this name.
EV/EBITDA valuation on the low end here as well.
10/May/2019 12:48 PM
market in interesting conditions rn
so who knows what this will do. And Ive also never been able to do anything right with the financial stocks.
but. RR is considerable here if the stock can trade in range here.
Could get a small move to the upside here with a small hold timeframe in mind.
If momo is to follow through here wouldnt be a bad place to put on position with the risk defined.
Above the second purple level is constructive for a retracement higher.
Energy sector has been a horrible sector to put your money in for some time though.
Above the blue shaded region want to be long for a short timeframe move.
RR is there. However, risk adjusted returns may be better in sectors with better relative strength.
Trade may not be suitable for all risk profiles
EUR/USD has hit support after failing to move up in price and break trend from previous analysis I made.
But now it seems to go back to support and retrace from that zone so I'm hoping that buyers push the price higher. price in the 1hr timeframe will be shown as well for further analysis.
RR's and lotsizes are listed.
falling wedge pattern has occurred from the 1d and lower. Looking to go long since the price bounced off the support line very nicely.
lotsizes and RR's are listed on the analysis as well and pictures of the further analysis on the 15 min chart will be listed as well. Make sure to check that out as well.
trade safely as well...
Brazil and EM will drive sites like this that are less regulated up imho
I also see the Canadian market remaining strong for this kind of entertainment -- I think (unlikely) the djt admin legalizes online poker this would obviously boom but he has no intention of doing that I imagine.
fantastic RR here
manage your own risk