Longtrade
DOTUSD 4 hrs lets buy this dipPolkaDot is a novel token, which became available for trading in Aug 2020. As of right now it enjoys active development and enthusiasm. We wont go into details of what it is or what novel features it provides for blockchain technology (there are plenty). We will just assume fundamentals are solid, and will guide ourselves by a technical analysis of the price chart.
Recent BitCoins' all time highs led people to divert some of the profits into Etherium, and PolkaDot. PolkaDot also employs proof of stake, and can be staken on exchanges for up to ~18% yearly (apparently). It corrected itself from all time high of near 20 recently. and right now it nearing a re-buy zone. How high it will rise will depend heavily on bitcoin behavior. Briefly, we expect, if bitcoin does not drop on some bad news - PolkaDot will keep climbing higher. Based on the Fibonacci retracement, we will target 1.618 level ($29+) as a profit target, and $16 to $13 as a re-buy zone, to pyramid more into our positions. (we are getting close). stop loss slightly below $10 seems appropriate.
~ Force Vector Technology ~ Price Trajectory for GBP/JPY~Force Vector Technology ~
Predicts this price movement
trajectory for the next several days.
Follow it and trade it as you see fit.
Enjoy!
CHD: 200 MOVING AVERAGE BOUNCE PLAY, GOOD RISK-REWARDCHD is offering a good Risk/Reward play.
Bounce off the 200MA and Bullish Engulfing Candle.
If we get a bullish push we can even reach the trend line and try to break out.
Possible entry here with a stop just under the 200MA.
Investopedia definition:<>
EURAUD Long Trade SetupHello Traders
If the B is an expanding flat, the previous low shouldn't be broken. That's why I took a long trade from the bottom but it was a risky entry. That's why I risked only 0.25%. After that, it bounced back. So we can have a reversal impulse, and now, a correction is in the making. When I see a complete regular flat, I'll place a pending order over the last top.
Trade with care.
Bulent
ETHBTC Huge inverse heard & shoulderInverse head and shoulder on the daily timeframe. Breakout above 0.04 is possible, first target will be on the red trend line.
CADCHF Long Trade SetupHello Traders
One more upward impulse for a bigger complete correction is unnecessary, but the downward movement looks like a correction. That's why I'm looking for long trade setups. The last low was 0.618 retracement of the A wave and 1.272 extensions of the blue "a". We got the reversal impulse. Now, I'm waiting for a correction and a trade setup to place a pending order.
Trade with care.
Bulent
XAUUSD Long Trade SetupHello Traders
Although the reversal structure doesn't look good, I placed a pending order over the last top because 3 reasons. First, my forecast is an upward impulse as a C wave for a complete running flat. Second, the last low tagged a very strong Fib confluence level (272 extensions of green and blue A waves) and got a reaction, which doesn't look too strong. Third, gold loves slow starts. So, we can have a fast upward movement soon.
Trade with care.
Bulent
USDCHF Long Trade SetupHello Traders
The last low can be the correction's end, and the sharp bounce-back can be the reversal impulse. If so, we should have a pretty strong upward impulse after a correction. That's why I'll take a long trade if it makes a correction. But my expectation is one more downside after a running flat. If it drops and gives me a trade setup, I'll buy it.
Trade with care.
Bulent
EURAUD SUPER SWING TRADEBearish short trend weakening stopping just above support level with a bearish doji indicating the end of the bearish trend with perfect rejection. Price is just ranging in the trend channel in the higher timeframe this is a good super swing trade!
GBPJPY LONG SWING Rejection from the trendline that existed since march which made the price uptrend since then. Another resistance from the neckline of a double bottom on the weekly timeframe which indicates a bullish trend continuation.
TP1 - 141.853
TP2 - 145.082
TP 3 - 147.818
SL - 135.136
USDJPY Long Trade SetupHello Traders
Although I like neither the downward movement as a whole correction nor the sharp upward wave in the middle, I placed a pending order over the last top and I'm in the trade. If the previous low (orange B) is the end of the weekly regular flat, we can see a pretty strong uptrend any time soon. To wait for a small correction to take a long trade can be a good idea.
Trade with care.
Bulent
AUD/CHF LONG POTENTIAL TRADEAUD/CHF has pulled back to ema 89 and has consolidated at this level and produced an rvi bullish cross. we can now look to long the pair and wait for rvi bearish cross or new high or previous high.
USDJPY Long Trade SetupHello Traders
Because of the higher degree structure, my forecast is a new low and a strong reversal. It looks like a correction is in the making before the last drop. Now, I'm waiting for a trade setup to buy it. Then I'll hedge my trade before the last drop. If it doesn't give me a trade setup, I'll wait for a new one after the yellow C to sell it. My goal here is to have a trade to hedge it when the price comes into the blue box.
Trade with care.
Bulent
USOIL Long Trade SetupHello Traders
The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger correction. Otherwise, I'll close my trade around BE. If you want to take a long trade, I think a small correction over the purple trendline will be a good trade setup.
Trade with care.
Bulent
CADJPY LONG on DailyEntry @ 78.76
SL @ 77.87 (89 pips)
TP @ 79.98 (122 pips)
RR = 1.37
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Early TP: 79.65 (RR = 1)
AUDJPY Long Trade SetupHello Traders
The last low can be the end of the daily running flat. I'm waiting for a reversal pattern to place a pending order. I hope in the worst-case scenario we will have a big enough correction. So we will be able to move SL to BE.
Trade with care.
Bulent
