This is trade idea for GBPJPY Day Trade -Sell around 172.026 -171.866 (OTE-Optimal Trade Entry and FVG 5m and 3m) according to the confirmation that will occur. -Possible bearish price movement towards the support. -Risk Reward 1:2
Trend on 4 Hour chart= Bullish(Price is above the 200 day EMA) Current Swing = Bearish; Price is in a pull phase (Pullback) Price Action = printing doji candle on the H4 time-frame, signaling potential morning star formation(trend continuation) Wait for a strong H4 bullish momentum candle close before going long! Target = 0.90504 Stop loss = 0.89629
Hey traders! Do you also have this in your watchlist? This is one setup we have on our watchlist and anticipating for next week. EURUSD breaks support and created a lower low. Recently made a move to the upside for a retest of the pivot. Expecting 79% Fib and 1.084 resistance to hold. Target is next support at 1.074 area. Enjoy your weekend!
Wix.Com - 30d expiry - We look to Sell a break of 73.78 (stop at 78.78) Broken out of the channel formation to the downside. Short term bias has turned negative. Short term momentum is bearish. A break of the recent low at 73.92 should result in a further move lower. Our outlook is bearish. Our profit targets will be 61.87 and 59.87 Resistance: 80.70 /...
When price clears: 119.15 With daily volume greater than average. Target: 130.00 area Stop: Depending on your risk tolerance; 116.45 gets you 4/1 Risk/Reward. This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. ...
USDCHF - 24h expiry The previous resistance level of 0.9000 was broken. We expect a reversal in this move. A lower correction is expected. We look to buy dips. 20 4-hour EMA is at 0.9005. Our outlook is bullish. We look to Buy at 0.8995 (stop at 0.8970) Our profit targets will be 0.9055 and 0.9065 Resistance: 0.9050 / 0.9062 / 0.9080 Support: 0.9042 /...
Ethereum - 24h expiry - We look to Sell at 1829 (stop at 1879) We look to trade the current range. Bespoke resistance is located at 1830. 1830 continues to hold back the bulls. The preferred trade is to sell into rallies. Our short-term bias remains negative. Our profit targets will be 1709 and 1689 Resistance: 1810 / 1830 / 1850 Support: 1790 / 1770 /...
Historically equilibrium model works for markets. Bulls spended more time above green line (picture). Market needs to equalize it because volatiliy is high. More time is needed for bears to navigate under green average lines
Enter when price clears 59.53 With daily volume greater than 4.42M Target: 70.00 area Depending on your risk tolerance: 56.05 gets you 3/1 Risk/Reward but it's almost 8% This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. ...
When price clears: 114.00 With daily volume greater than 158M Target: 139.50 area Depending on your risk tolerance: 105.50 gets you 3/1 Risk/Reward. Resistance: 121 area & 136 area This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while...
OKTA - 30d - We look to Buy a break of 88.08 (stop at 80.89) The sequence for trading is higher highs and lows. Daily signals are bullish. A break of the recent high at 87.88 should result in a further move higher. Our outlook is bullish. This stock has seen good sales growth. Our profit targets will be 105.48 and 108.48 Resistance: 82.50 / 86.50 /...
ASX200 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. The hourly chart...
CME_MINI:NQ1! - Busy week ahead! We've got a busy calendar ahead of us and remember it's first day of the month - May a Lot of US Data! 1. ISM 2. JOLTS 3. ADP 4. FOMC 5. NFP Now that's a busy week and I know for some, they will be stepping back and not trading during a hectic week ahead, but I do feel there will be plenty of opportunities. Now, banking...
EURNZD - 24h expiry Our short-term bias remains negative. The lack of interest is a concern for bulls. Previous resistance is located at 1.7440. We look for a temporary move higher. 50 4-hour EMA is at 1.7420. We look to Sell at 1.7447 (stop at 1.7517) Our profit targets will be 1.7267 and 1.7227 Resistance: 1.7350 / 1.7400 / 1.7440 Support: 1.7305 /...
AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price...
Hey, traders! This is an intra-day short idea on EURUSD. Technicals: (read chart) - Double top on pivot area - 62% retracement - Break and retest of internal structure - Intra-day re-target lows Fundamentals: Key Themes - USD: No progress last Tuesday on debt-ceiling negotiations - USD: Market fears > Risk Aversion > USD appreciation - EUR: Lack of catalysts...
United Airlines Holdings - 30d expiry - We look to Sell a break of 40.38 (stop at 43.15) Daily signals are mildly bearish. Trading has been mixed and volatile. 40.43 has been pivotal. The bias is to break to the downside. A break of the recent low at 40.43 should result in a further move lower. The medium term bias is neutral. Our profit targets will be...
CHN50 - 24h expiry - We look to Buy at 12845 (stop at 12755) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous support located at 12830. The hourly chart technicals suggests further downside before the uptrend returns. Indecisive price action has resulted in sideways congestion on the intraday...