Yen had to gain strength at some point our script has picked that up.
Entry details are shown on the chart.
Using our EDGE trend following strategy on this trade.
Working the H1 time frame and we're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Lets see if we can make it to target....
XTZ on larger time frame is still focused on completing the broadening wedge, rather than dipping out. In this monday dip every coin seem to break out negatively on the pattern they were busy with, but not XTZ. XTZ went not even out of the uptrend range within the broadening wedge as you can see. Very promising!
As we can see now the price is Range for a while, not strong enough to break major resistance on 50k and not Bearish enough to break this local support on 37K zone.
As we mentioned we need fall and correction here on bitcoin but now if this local support remains valid then more range is expected like a green arrow.
DISCLAIMER: ((trade based on your own decision ))
In this long position of CADJPY we have 3 level of TPs with partial exits including:
TP1: 86.55 with 70% partial exit
TP2: 87.17 with 70% partial exit of remaining (21% of total)
TP3: 87.70 with 100% partial exit of remaining (9% of total)
and SL is 85.44
Notice: In half way of SL (when stop loss area Proceeds 50%) double your size and put TPs as...
Strong Long 🍏 Bulls will embarrass Bears as Hentai Movie
"Open a long position, and you'll drive a new TESLA model within a week."
We've had a 100% success rate with the variation of the following indicators for more than two months, see our previous Ideas.
🔑 KEY POINTS:
Chart Pattern: Price hit Support Area of Historic Bottoms
Long trade opportunity as price is at a level with a confluence of supporting factors (Trend Line, Horizontal Support & 200MA)
Indicators and recent price action suggesting a potential bottom being formed (details outline in the chart).
Last time the Daily RSI went from Overbought to Oversold it rebounded over the next 60 days and pumped over 150%. This gives us a price target of $72,000 over the next 2 months. Start looking for those long positions
I'm looking for Nasdaq to show some strength on the back of a recent trendline break, and subsequent retrace/bounce at a major fib level.
I'd like to see it follow through to the next higher area where price was pivoting previously.
I'd also like to see it go higher, but it has to get to 13650 before it can get to 13700 because that is how numbers work.
We can see a double bottom with a lot of buyers at this area. Also, that big wick of todays candle means the real strenght of the buyers. So, the formation is really nice and the thing that can push the price down is if the market pulls back tomorrow.
Balancer is showing some strenght against Bitcoin, like Bnb and Eth right now.
-Possible move close to 40%
-Risk/Reward around 7
What I want to see is that marked resistance turned to support. If we get a pullback to it, it is possible to get a splendig entry with even bettter R/R
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If you do take...
Another clear S/R range unfolding perfectly, offered another entry point over the last NA session and early eastern sessions last night for us UK traders.
Once we approach 0.71... you guessed it, lets set ourselves up with a potential long back up to 0.72400 if we can quantify it!
EASY AND STRESS FREE TRADING!
'Everybody' knows that the US Dollar is gonna die. Right? The prevailing wisdom is that QE Infinity will tank the Dollar. Well, it's not that simple. The Dollar's strength depends on numerous other factors, the key one is demand.
Ahhhh.. so the USA - if you believe it - has conquered COVID-19, and international trade is about to be kickstarted. Or so the story...
NQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
This pair identifies strength vs strength in the forex markets right now with both currencies strong across the board.
We can see GBP is gaining on the NZD breaking through key short term Resistance levels. Lets see what happens at our long term key level in price.
Use wider stop losses on this pair to account for the choppy price action.