GBPNZD Break the trendline.GBPNZD Break the trendline on 4 hour chart, bearish engulfing perform, be careful of the retest correction, make sure you have more space for the stop level area.
Swingtradesetup
EURUSD Head and Shoulders?Weekly Head and Shoulders? Strong bearish close last week on the weekly after bears stepped in from around 1.21500 driving market prices lower. This has created what seems to be a right shoulder with price pushing towards the neckline for the completion of the pattern. High volume and a strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market and we could see a trend reversal play out. How low can we sink?
GBPUSD Double Top?Weekly timeframe Double Top? Strong rejection to the downside after price, for the second time has failed to break above 1.41200 in recent weeks. A strong bearish engulfing weekly close last week indicates that sellers have now stepped into the market. 1.37000 is the next support level which is also acting as the neckline for a potential double top pattern formation. Could this be the beginning of a trend reversal for the pound? First short targets at around 1.32000 area.
SCHW - 13.82% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade.
Bullish Pennant breakout.
- Target Entry: $76.00
- Target Stop Loss: $74.32
- Target Exit: $86.32
- Risk / Reward Ratio: 6.14
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
CCL - 15.77% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade. However, this is a risky trade by its COVID-related nature.
Breakout past a 3-month correction. Good momentum.
- Target Entry: $29.65
- Target Stop Loss: $28.86
- Target Exit: $34.27
- Risk / Reward Ratio: 5.85
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
VIAV - 8.60% Profit Target - Swing Trade SetupGood risk / reward ratio on this trade.
Breakout past a 4 month-correction. Good momentum.
- Target Entry: $17.20
- Target Stop Loss: $16.90
- Target Exit: $18.60
- Risk / Reward Ratio: 4.67
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
DEI - 18.92% Profit Target - Swing Trade SetupGood risk / reward ratio on this trade. The target price might be overly optimistic, but not unachievable.
Great buying volume in the past few trading sessions.
- Target Entry: $34.53
- Target Stop Loss: $33.93
- Target Exit: $41.00
- Risk / Reward Ratio: 10.78
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
MXIM - 9.47% Profit Target - Swing Trade SetupLove the risk / reward ratio on this trade.
- Target Entry: $98.90
- Target Stop Loss: $98.03
- Target Exit: $109.00
- Risk / Reward Ratio: 11.61
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
EWC - 6.17% Profit Potential Swing Trade Setup - PennantBullish Pennant formed after a steady bull run.
I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue.
- Target Entry: $36.83
- Target Stop Loss: $36.50
- Target Exit: $39.00
- Risk / Reward Ratio: 6.58
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
DFEN - 14.69% Profit Potential Swing Trade Setup - TriangleAscending Triangle formed after a period of correction. The run should resume and price to hit the resistance line.
Keeping the Stop Loss very tight. Consider lowering it to $22.81 if you don't have much risk exposure in your current trading portfolio.
- Target Entry: $23.50
- Target Stop Loss: $23.20
- Target Exit: $26.90
- Risk / Reward Ratio: 11.33
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
MSFT - 10.43% Profit Potential - Bullish PennantBullish Pennant formed after a modest 9-month rally.
Great risk-reward ratio and target set at a potential formation of a 1-year resistance line.
- Target Entry $252.04
- Target Stop Loss $246.36
- Target Exit 279.40
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
SKLZ Possible Swing Trade In The MakingNews for the day;
Skillz Shares Spike, Hearing Rumors Of Cathie Wood Purchasing Additional Shares; Unconfirmed.
Key Data: high level of short interest allowing for a possible short squeeze to occur.
Short entered in around the $30.00, if we pass this number, we may see massive skyrocket in price.
I do also believe fundamentally this stock is under priced.
What we want to see is the top trend line broken through and surpass $30.00, following a possible parabolic rally to occur.
SBUX - 11.08% Potential Profit - Bullish PennantHere we go again, trying to manage one of the most challenging markets ever. Definitely the most challenging since my trading career started.
Bullish Pennant following a 4-month correction interrupting a massive bull run.
I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup.
- Target Entry $113.24
- Target Stop Loss $111.99
- Target Exit $126.31
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Can The Bull Rally Stop The Possible Short?Have bearish engulfing on the 4hr that has to be retested. But I don't think the retest may last long. We may keep continuing up to test the weekly 1.94408 area, shoot back down as a rejection.
With the large inverted head and shoulders below, we might pass up though to continue the rally.
Otherwise, we may just keep dropping on down until we reach the daily 1.90910 area before another attempt back up.
BULL TPS:
• 1.93496
• 1.93871
• 1.94408
• 1.94950
BEAR TPS:
• 1.92628
• 1.92020
• 1.91065
• 1.90353
FTM will moon follow UN presentationSimple analysis but for big gains!
We're looking at mainly a fundamental here. Tomorrow the Fantom Foundation will present it's blockchain to the United Nations’ Central Bank Digital Currency (CBDC) Architecture Group. (March 11)
If we break the bottom trend line, trade in invalid. However as fundamentals are strong, I'll paying very close attention for an entry.
Other than that
Expecting yet another big pump for FTM following the UN presentation tomorrow
Tup Possible Swing TradeLooking for a bounce off the bottom Channel and 89 day moving average blue line Entry above the prior days close
DOC Possible swing trade trade setup inside the channel Trigger would be ideal entry price and stop loss is also marked ideal take profit would be at the test of the upper channel line or sooner depending on your trading style
FAST - 5.14% Potential Profit - Ascending Triangle BreakoutAscending Triangle formed after a 3-month correction. Multiple new support confirmation over the past 4 days.
I am fairly optimistic on this trade, as I particularly like the chart and the risk/reward ratio. This means that I will allocate more capital than usual. We have a target price, however, I wouldn't be surprised if it would go above that.
- Target Entry $50.53
- Target Stop Loss $49.93
- Target Exit $53.00
About me
- P/L Oct-Dec Trading Suspended | September +49.18% | August +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
YUM - 4.02% Potential Profit - Ascending TriangleAscending triangle formed after a 5-month correction. Multiple new support confirmation over the past few days.
There is a potential to aim March's high and target a $105 price mark. However, not before we break past our original target exit below.
Despite profit potential might not seem appealing, I still feel that the risk/reward ratio is acceptable. Needless to say that the price will highly be influenced by vaccine-related news, given YUM's industry.
- Target Entry $98.79
- Target Stop Loss $97.67
- Target Exit $102.90
About me
- P/L September +49.18% | August: +232.32% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
