|NZDJPY| Potential Short Trade Good Morning Traders, I'm looking closely to #NZD and also the #China News and CPI #China for now recovering from COVID-19 really quickly and strongly. I will expect some correction here then into a long term perspective the bullish scenario is stronger until the next FOMC Target Levels: 70,20 70,00 69,85 Good Luck 😊😊
Introduction: This illustration explains the minimum Risk-To-Reward ratio needed based on your average win-rate while using a fixed % risk amount. "Risk-To-Reward ratio": The ratio of what you stand to lose compared to win. "Fixed % Risk": A static % amount of your total account balance at risk per trade. "Fixed Dollar Risk": A static $ amount at risk per...
Introduction Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons. Fundamentals Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike...
📌 The point of this configuration is that the highs have been lost, since the effectiveness (right..) of the stimulus and the extension above that has NOTHING to do with fundamental or economic reality. This influence can be seen in DAX which cannot make use of the highs. Secondly, there is the threat of Covid and Brexit. In other worst, the risk which triggered...
NEO/BTC: Weekly Chart + Change in Market Stucture ie. HL (waiting on HH to confirm) + Waiting on break of Descending Channel + Establishing new trend + Expecting re-test of channel / trend (better entry RRR) + Price being squeezed. Breakout required
GBP/USD (GBPUSD) has completed B wave in running correction as wxy, therefore C wave is rising sharply up. Wait for c wave of 2nd wave down of C wave major to touch the down side trend channel to get in to trade for bullish bias with stops below 1.24639 level for target zone of 1.27421 level.
From the fall of 2015, the demand for Lumber skyrocketed driving prices from $213 to almost $650 by mid-2018 where it peaked. The second half of 2018 was a very different story as demand eased creating a glut in the market which resulted in weak commodity prices which ultimately led to a steep decline back to $300 by October, previously seen in November 2016....
Following 3 successful trades with trend, fundamental & technical confluence, we appear to be attempting a breach of the descending wedge, I believe due to the UK restarting their economy and the US Covid 19 cases growing at a quicker rate, the GBP will be favoured temporarily Will hope for higher CPI figures to be achieved by the UK on July 15th
The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises. This caused an almost 6% charge north in one day! However, there did not appear to be significant...
On the weekly timeframe Price is still in range consolidation between $8,400 - $10,200. Right above $10,000 there are also resistance levels at $11,000 & $14,000. This means any aggressive buying at this price range isn't the best way to trade. If you have followed my previous long term calls and still hold positions from $7k, we have nothing to worry...
SHOP went from up big to down big on Monday after a historic run. This is dead center in the heart of what has been "bubbly" in this market. If long SHOP (at 50x forward sales), run for the hills. The question remains as to whether or not this is also a warning signal for the larger tech bull trend.
With the COVID-19 crash having a big impact on the markets, I wanted to compare some assets/indices on their performance since the crash on March 12th. For completeness, I have also added the gains since Jan 1st, to see how well they recovered from the whole pandemic. Crypto Assets It is clear that crypto assets show the highest resilience. Ethereum in...
Press ALT + I to invert your chart. If you're on a Mac, press option ⌥ + I. This shortcut will instantly flip the chart you're looking at upside down. Inverting your chart can give you a unique and different perspective on price and trend. Today, Amazon crossed $3,000 per share for the first time ever and its market cap now stands at $1.5 trillion. Congrats to...
Hello Traders Investors And Community, welcome to this analysis about the comparison between the current situation in altcoins and bitcoin, the differences, and what we can expect in changes between these two major factors in the whole cryptocurrency market. It is important to take note that we have seen some volatility moving into the market the last times which...
Here is the price of Bitcoin compare with 2019 bottom zone (below 4200). Let't use Invert Scale on 2019 chart, here is the pic: Look how similar the look now. I marked 7 phases in between Feb-Apr 2019. Phase 1 (red box) Price in 2 days making small dump and sideways, then suddenly pumps. Then moving in sideways without volatility. In 2020 we see similar...
Shares are breaking out to the topside of a long term triangle pattern Long term bottom established at 2650 support
EURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long. However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us. It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want...
Looks like GBP pairs could be bullish next week. GBPUSD has broken out of its H4 downtrend structure and pushed above our horizontal zone and came back to re-test as support with price action showing signs of rejection. Further confirmation with our fib golden zone being touched and bouncing as price momentum looking favourable to the upside. Price had closed with...