Tradeideas
Looking to Short GBPCAD Descending TrianglePound on defensive due to political turmoil. However, it is pretty flat across against its peers. Market has not fully price in for the political risk. However I am still bearish on pound. If price break below the support level I will look for short.
Reward to risk for this analysis is 5 : 1
Nevertheless, there is a chance of reversing upwards too. If market break above 1.6723, I will look for long opportunity.
Looking For Short Opportunity on Descending Triangle Pound on defensive due to political turmoil. However, it is pretty flat across against its peers. Market has not fully price in for the political risk. However I am still bearish on pound. If price break below the support level I will look for short.
Reward to risk for this analysis is 5 : 1
Nevertheless, there is a chance of reversing upwards too. If market break above 1.6723, I will look for long opportunity.
Trade Plan Using Ichmoku and Fibs retraceThis isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment).
Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate.
What do you think?
AMZN BREAKOUT WEEK OF 3/24/17Amazon is going to go to 880 where these two light green lines converge. The high looks like it should be there by Thursday at 12:30. First resistance is the prior top as the chart suggests. Monthly support around 846-850 , the blue dotted line is at 847.15. Light blue projection is the length of the prior leg. The upside potential is huge. We could keep going up to 895 in the beginning of April and surely see 900 by the end of April.
Gold fails to kick on and slips towards supportMarkets continue to gyrate between a risk-on/risk-off approach and with the added influence of its dollar denomination, XAUUSD is no exception.
Our long-term outlook remains positive with the weekly chart highlighting the presence of a bullish flag formation, with an expectation of a break higher. This may take a while to play out and can accept a move to well below the $1,300 support (even $1,280) without being impacted.
The recent rejection from resistance at $1,242 looks to be gathering pace and momentum should result in a test of the support above $1,300. This highlights a fair risk/reward opportunity for today.
AAPL ShortWe are Apple short. We broke out of the bullish channel into the bearish zone now. The grey lines are relative levels that match well with the fibonacci levels. We will probably come down to the 200 sma. RSI and MACD levels signaling downwards. There is a daily gap level to be filled. The bottom of that gap is a golden horizontal line that signifies the top of the first time Apple went to 100. We are bouncing down off the bollinger bands. Count the number of candles and you will realize the it is time for the stock to come down.
Just waiting the contraction or pause end to enter shortFX:EURJPY
Ok we know it is a downtrend. The best point to enter are the closer to my lines drawing the bottom of the dynamich range wich is being broken by a new expansion. Surely, price is going to do a pause or a contraction because now low liquidity is coming during Asia and Sidney session.