Short-trade
Weekly short position EURNZDWelcome to Fxtrading services, we provide premium signals & services to our costumers.
Fundamental analysis : Looks like that trading war between US and China will end by the end of the year, as the global economy is slowing down. Trump said that he wants a trade deal with China before the presidential election of 2020, so this could bring emerging markets up.
Technical analysis : Sidways since late November 2017. The market did make another top now we could se a down turn to 1.72000 and then trail the profit all the way down to 1.70000 handle or lower, all depends if our strategy will follow during this trading month
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SHORT TRADE ON USD/CHF EXPLAINED by ThinkingAntsOk4H CHART EXPLANATION:
On the 4H timeframe, price melted down after facing the Resistance Zone. The last few days it was moving sideways on the Support Zone, forming a Triangle Pattern that is trying to resolve on the actual candlestick. If it consolidates below, price has potential to reach the Support Zone at 0.95600-0.95800.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
SHORT VISION ON EUR/NOK FULLY EXPLAINED4H CHART EXPLANATION:
In the short term, we observe a Descending Wedge Pattern being formed by the last downtrend. Now we are waiting for a pullback towards the Confluence Zone between the Top of the Wedge Pattern and the Broken Ascending Trendline, and after that a bounce to continue the downside move. This is the short term vision, the mid and long term are explained below on the Daily and Weekly Timeframes.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
Short trend continuation on Eur/JpyIs it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement.
Technically, so far, this pair is set downwards. This on short/medium term time frames. With the violation of the EMA 20 daily periods, the price appears to be destined to reach the support area. The one just mentioned. An intermediate target is the support of minor importance located at 120.85. On both daily, weekly and monthly time frames, there was a cross-over of the main EMAs (or 200 perodi with 20). This means that sales on the European currency have not ended. Investors are preferring to move capital to the Japanese currency.
This decline is also fundamentally justified. This because although the ultra-expansive monetary policy of the BOJ is already known and has not been changed for a long time. The ECB, according to Draghi's words and the macroeconomic data of the Eurozone, will also tend to be in the coming months more expansive than she already is. Causing a devaluation of the euro.
Our target is near the price of 120
My main stock of my watchlist today June-03-2019Good Morning, today my main stock on my wathlist will be NYSE:FDX , we are below all major averages, below VWAP and we broke 2 very important trendlines, i will look for a fade on the break of pre-market lows after the market opens, all the way down to 145 area, i will never trade pre-market, i prefer to wait and confirm my edge, remember this is a probability game, good luck today!
*Only for educational purposes*
AUDCAD Possible otcomes.AUDCAD Has shown growth in the past few days without signicifant retracement.RSI is overbought so I do expect rejection and retracement for 70 pips, before going up again. Although, market has been acting crazy recently so make sure you wait for the signal before entering a trade!
US30 - Looking for SHORT? China over USA? - TRADE WAR - Looking for shorts. Overall strong /Head and Shoulders/ on D chart. In 4H chart we can see strong down move from 26700 and reflection at 25250. Putting a Fibonacci Retracement on those levels we see that it already pass 0.38 looking for 0.50, possiable 0.618.
Shorts from 0.50 and with same amount + 1/2 of the 0.50 volume at 0.618.
Happy Trading,
Cheers love the cavalry's here.
BTC tradeLeveraged Short avg entry 7955 currently. Against weekly and 3D trend/signals so protective only, preserving profits. Retrace expected but not trend change.
Additional entries 7900-8100
Stop at highs. Will monitor on low TF and take hedge longs as necessary in order to build a larger short and reduce risk.
Target 7100 or lower
XRP Headed South!!There was resistance found off the weekly MA and then not long after we broke through the support and we are now getting rejected off the weekly trend line that xrp has been riding since last year. If the rejection continues at the current level and its unable to break back above 0.34, then the current bearish momentum will take us lower, below 0.28 in the near term.