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EURNZD Analysis.I’m euro bullish mostly because it has been one of the top-performing currencies in the past weeks, likely drawing most of the safe-haven gains away from the shaky dollar. To top it off, anticipation for an ECB hike continues to keep the shared currency supported. On the flip side, the Kiwi is on weak footing owing to the RBNZ’s more downbeat stance shared in their latest statement. Trade jitters are making things worse, along with bouts of risk aversion stemming from emerging market troubles. I am looking for opportunities to go long, there is a chance that price may break down to the closest phycological level at 1.76 and as long as this holds we can look for entering longs, if this fails to act as support we can see price break lower to the 1.75/1.74 regions and testing the channel support, the only problem is that price is barely showing any signs of retracing for now, but I shall stay patient.
Long
by Ironclad_Investments
Getting close to bottom, prime for tiered buying!#XMR TD counts could still complete with continued momentum downward, and MACD/fisher still diverged, but trading below EMAs and the ichi cloud so high, definitely prime for on sale purchasing in plan of impending breakout upward to start trading close to or through that Kumo cloud. CMF dropping a bit again still, bit diverging from pRSI too. Oh, the 8 went away just now on the current doji candle. See how that plays out. Like al solid crypto projects right now, def lookin tasty to buy these lows if not just for swing quicker money trade, but for rest of year HODL til moon.... IMO, still could complete those TD counts. So I agree with this as a keep watch, or start little buys now, with plan of buying larger trades as price goes lower tho to position yourself with a lower dollar cost average.
XLong
by CrackingCryptocurrency
CND 3.0 R:R swing tradeAfter the preview trade idea failed I have been looking for a decent opportunity to try this one again. After two bounces on this long term Horizontal support, I think this is the next opportunity. Risk is low as stops can be fairly tight. We are in the buy zone (411-540). I also have some crazy low buys just in case of another wick down. Below is a volume gap and each time price has dropped into it, it has been bought back up. Volume has increased substantially since reaching this level. I have marked previous horizontal S/R levels where you can expect a reaction from price. Typically people place sell orders on those levels and buy back once price breaks through and successfully retests the resistance as a support. I have started to buy back into this trade. I lost a little on it last time because I did not take profit on the rise prior to the break of the bullish trend (lower diagonal marked on chart - see previous CND for buys and Stop loss) This is a trade I am taking and will update. These are my own trades provided for educational purposes only.
CLong
by Nevermorejk
1
ZEC_220 or 175?Looking at the chart of ZEC, it appears to have arrived at a fork in the road. Convergence has led the price action to form this triangle, the bulls and bears are uncertain. Some indicators: ===================================================== RSI - Around 35 to 40 on the Daily charts. MACD - Crossed into green. EMA 21 - Trading above it with a few candle closes. Volume - Pitiful and comparably low since the May highs. Momentum indicators - Show a bullish divergence but the price action is lower. Predictions: ===================================================== Depending on how BTC does and where the price exits, ZEC will end up going to 220 or falling to 175 within a few days. Other chart patterns: ===================================================== A small inverse H+S could be formed here, if a strong move to 220 manifests. I'm not saying that this would provide any more price action, as the EMA 25 is literally right around 220. There is many dependent factors weighing in on ZEC. Conclusion: ===================================================== This is a risky trade, probably riskier than usual. the ratio is a potential loss of $16 per ZEC vs $29-30 for gains. In other words, about 2:1. Riskier not because of Rewards/Risk ratio, but because of overall market sentiment in the alt coins and BTC. Finally, what is written here is not investment advice in anyway shape or form. Any investments that you choose to take in any market carries risk. What I mean is that you carry the burden of both all the loss and gain. Trade responsible! -May BTC reach Mars before Elon Musk
BITFINEX:ZECUSD
by gendark2
BRD/BTC Cup and Handle DipWe are in the buying zone right now. Every coin out there making CH formation so we can't be sure which one will play out like it should be. In this case we have an increase in volume and TD Buy signal is confirmed. I recommend swing trading this coin, it will make much more gains with swinging and daytrading strategies. The project is not a big problem solver or world changing idea so long term hodl would be foolish. Always trade with SL and don't forget to hitting the like button guys happy trading! :)
BLong
by WhiteSerpent
1
USDJPY with 3 different options!! Check this***UJ preparing the big movement. Option A: price could respect the daily region and drop until 4h trend line, if breaks the trend line we continue down for a couple of hundred pips. Option B: price could break the daily region and continue up until Daily trend line, and we wait for a double top and candle confirmation to enter short. If break the Daily trend line we continue the movement until 113.000 region Option C: Wait for a deep pullback, and if breaks the 4hr trend line we continue short until next support area. Remember the Candle is the last/main confirmation to enter a trade!!!
Short
by JoseAntonioSolorzano
How wet can water be? (EUR/USD)Ever since I began trading forex it's been apparent that the EURUSD would be the most frequent go-to pair. After all, I live where one of the currencies is relevant (due to my novice understanding of the economy, not because I reside). So this is what we'll do. We'll examine the market from a long perspective and devise a reasonable target. We're going to go over technical tools and what they're telling us. Above we see a retracement of the overall high and low of the EURUSD . Theres a huge difference between the lowest and the highest (about 75+ cents). The channel I drew is a bearish channel starting October 2008. Channels are ranges of highs and lows that contain parallel resistance and support. If they aren't parallel then you might be looking at a wedge or a triangle, but those are for another day. The channels I mentioned travel down just before reaching the 23% retracement. the only reason we don't assume it's still going down is because it closed above the resistance line, and has hit the 50% retracement line. [ The fibonacci retracement lines aren't reliable when used on their own. They do help identify aggressive price action in the past, as we can see here, but it is one factor out of many. There is a question mark as to whether this chart is a bullish flag because of it's shape. The flagpole is also perpendicular to the most recent up-trend line. If we were to see a continuation of our real-time price above the 62% retracement level (possibly the 78%) we then can assume the length of the first flagpole would be the approximate length of the new one. In support of this 'bullish flag' we can see the price trading higher than all moving averages applied. The only condition is that the RSI has to show some Now if we take a look at the 4hr chart we can see an inverse head and shoulders formation about to finish it's course and the length of the head is measured (in purple) to predict the immediate price movement. [A head and shoulders pattern consists of a small 'lump' or hill-like shape that is followed by a taller hill, subsequentially followed by another smaller hill. This chart pattern precedes a rally in it's inverse form especially with strong support. An original head and shoulders usually precedes a summit.] A good fill would be at the end of the head and shoulders AFTER a confirmation candle above 1.255.
Long
by jordvnflows
4
GBPUSD Medium Term Swing set-upsGBPUSD Near Term - and Medium Term swing set-up Maybe about to get stopped out of the Sterling short trade here for a 10 pip loss (stop at 1.337) If so, it's a small loss at least - but need to cover the implications from here, if struck ... Sterling would then be likely to rally further by about 90 pips to 1.3475 - but intend to close down any near term longs there as it has become such a key area of interest, with fixed/static resistance from the summer period meeting dynamic/moving resistance from the highs - therefore a likely point of maximum impact/interest if it gets struck over the next day or two... So in the event that 1.3480 is broken on the upside by more than 15 pips (and any subsequent pull-back is then supported around the 1.3470 mark) Sterling would be making quite a big statement: 3 years and 3 months of downtrend is finally at an end, bringing more swing traders into the market...so will go long again at this point if we happen to see that little pull-back, (with stop about 20 pips below here at 1.3448 for small loss if wrong) looking for 1.363 initially, then a move up to test the upper parallel, followed by further strength to 1.4062. So 590 pips potential reward for 20-30 pips or so risk, if struck. DOWNSIDE for Sterling So if the short from 1.327 (stop at 1.337/8) gets taken out that's 10/11 pips blown - and if it doesn't will be looking to let it run a little, but only back to 1.3143 ish for 130 pips or so profit. No way can swing traders turn aggressively bearish of Sterling again unless and until it breaks below 1.3029, which would create a 250 pip downside target at 1.2777.
Short
by sumastardon