USDCNH testing previous low with potential 1000bps drop! Hello everyone. I know the title looks too exaggerated. Would the dollar be so weak? Possible.
I remembered a friend seek my view on USDCNH 1 month ago when the pair was around 6.56. I was confident about the dollar index and told my friend that it might go to 6.68 level.
But I was wrong. Why? Because something important happened on April 1st. If you check the dollar index , it started to fall from that date. Without the events, I would be confident to be bullish on the index because of momentum, my dual-moving average system.
So, what was the event that triggered the weak dollar since then?
President Biden to unveil 2 trillion dollar infrastructure plan .
Look at that number! 2 trillion dollars plan. The massive stimulus plan would weaken the dollar index with no doubt similar to momentary easing policy. It smashed supply & demand, momentum and dual-moving average system combined.
So, my point is that do check the news or big numbers released on top of your technical analysis to increase your winner ratio . Be mindful of your confirmation bias and overconfidence.
The recent low is around 6.42. Once that level couldn't hold, the next key levels are 6.38 and 6.33. So, technically, it might drop by 1000 bps from the current level.
What might change the situation? Better-than-expected key US economic data and rate hike . Until then, dollar would be weak with downtrend continuation patterns.
Momentumstrategy
$ZIP is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Ziprecruiter runs an online job marketplace.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $21.60;
stop-loss — $19.23;
take-profit — 28.71/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Swing Trade: Long DOGEUSDTA momentum breakout strategy designed to capture short-term trends.
If prices can break above short-term resistance @ 0.4178, we should see higher prices.
Buy Stop @ 0.4178
Stop Loss @ 0.2893
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
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Legend:
RLevel:= Resistance Level (Blue Line)
SLevel := Support Level (Red Line)
Entry Rules:
1. Place a Buy Stop at the RLevel.
2. If Buy Stop is filled, place Stop Loss at the SLevel.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SLevel.
Swing Trade: Long DOGEUSDTA momentum breakout strategy designed to capture short-term trends.
If prices can break above short-term resistance @ 0.4897, we should see higher prices.
Buy Stop @ 0.4897
Stop Loss @ 0.2375
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
-------------------------------------------------------------------------------------------------------------------
Legend:
RLevel:= Resistance Level (Blue Line)
SLevel := Support Level (Red Line)
Entry Rules:
1. Place a Buy Stop at the RLevel.
2. If Buy Stop is filled, place Stop Loss at the SLevel.
3. If orders are not filled, cancel orders at the end of today's trading session.
Exit Rules:
1. At the end of the today's trading session, adjust Stop Loss to current SLevel.
GBPUSDtaking into account the fact that USD is currently weak and that the pair still has momentum, it is still on the rise .... I think that GBPUSD can go up then we check to see if the price rejects.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Swing Trade: Long Tesla (TSLA)A momentum breakout strategy designed to capture short-term swings.
If prices can break above short-term resistance @ 603.19, we should see higher prices.
Buy Stop @ 603.19
Stop Loss @ 446.36
Take Profit @ 952.82
If orders are not filled, cancel orders at the end of today's trading session.
Cut losses early, let profits run!
Never risk more than you can lose.
$TRIAS 21st May 2021 Head & Shoulders BreakoutBuy: $18.75
Sell 1: 50% @ $21 (by 21st March 2021)
Sell 2: 25% @ $24.6
Sell 3: 25% @ 27.2
Stop loss: $15.18
Money flow is still positive = more buying volume than selling volume for the past 10 days from 7th May to 17th May (Today). When money flow is positive even with the market correction from 15th May until now, this means breakout is imminent to go from $19 to $21 then to $27.
God Allah Bless this coin and this community. Salam.
$SCCO can rise in the next daysContextual immersion trading strategy idea.
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $80.45;
stop-loss — $77.04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$REAL can rise in the next daysContextual immersion trading strategy idea.
The RealReal, Inc. operates an online marketplace for consigned luxury goods. It offers various product categories, including women's, men's, kids', jewelry, and watches, as well as home and art products.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $25.60;
stop-loss — $22.82.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$HBM can rise in the next daysContextual immersion trading strategy idea.
Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $8.12;
stop-loss — $7.48.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
ZECUSD to push higher???For those onboard ZECUSD has a great run a few weeks ago. This morning it formed an Ascending Triangle and pushed out of the Keltner Channel indicating short term bullish trend. Considering the long term bullish trend as well and especially the delayed sympathy in the price action to BCHUSD, both essentially BTC forks with slightly different functionalities, there's a high probability of a push MUCH higher.
IF.
If it can break the resistance at 299. Currently it's stalling there at the high from April 17. And 300 has that whole number rejection power. An other concern is the time of day. We're at 6:30pm EST now and sometimes there can be unpredictable low volume pullbacks. If it doesn't make it through tonight I think there's very good chance it will try again in fairly short order. IF we can push through the Double Top we could be home free for a bull run similar to BCHUSD.
Price target: 420. :o
$RHE can rise in the next daysContextual immersion trading strategy idea.
Regional Health Properties, Inc., through its subsidiaries, operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $7.22;
stop-loss — $4.86.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$CLOV can rise in the next daysContextual immersion trading strategy idea.
Clover Health Investments , Corp. operates as a Medicare Advantage insurer in the United States.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $10.50;
stop-loss — $9.36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$XXII can rise in the next daysContextual immersion trading strategy idea.
22nd Century Group, Inc., a biotechnology company, develops plant-based solutions for the life science, consumer product, and pharmaceutical markets.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.12;
stop-loss — $4.07.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SQM can rise in the next daysContextual immersion trading strategy idea.
Sociedad QuA-mica y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $55.69;
stop-loss — $53.81.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Possible Scalping IdeasI read it in a book, I don't trade this way and didn't test it yet. Anyone trade this way?
Some will call it swing trades, but I call it scalping because you aim for a high probability win rate and predefined logical target.
Where Locations:
1. Identify resistance/support line
2. Identify trendline
3. Watch pullback to some MA
When to Enter:
After you see momentum reversed --> the location DOES stop the price (DO NOT TRY TO CATCH THE KNIFE...)
How to Manage:
You want the trade to go without effort, immediately away from you in your favor.
If it tries to scare you, try to get out at break-even or no more than half a point loss.
Make sure your profit target is at or before the next "stopping zone" (resistance/support).
Cautions to be aware of:
- Gap risk is REAL! Check possible historical gaps + Diversify
- You want a "beautiful stock", one that you clearly see a wavelike behavior.
$VXRT can rise in the next daysContextual immersion trading strategy idea.
Vaxart, Inc., a clinical-stage biotechnology company, engages in the discovery and development of oral recombinant protein vaccines based on its proprietary oral vaccine platform.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $10.78;
stop-loss — $8.87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
VECHAIN soon to breakout for May 202121 EMA is awake now since it has been dead for 2 weeks.
Money flow keep coming out, making selling power stronger than buying power. However, price action is still increasing. Looks like big whales are slowly selling their shares at a rate that small fishes barely matching up to it.
Surprisingly, momentum wave is still not crossing down.
Momentum wave keeps crossing up to 0-100, instead of crossing down to 0 - (-100) for good buy entry.
Basic bullish pennant triangle spotted, price entry from ATH and most recent low are used as reference points.
Fibbonachi retracements. Price entry between 0.2 to 0.3 fib retracement levels.
Price Entry Long: 0.20669
Profit Target 1: 0.22075
Profit Target 2: 0.26257
Profit Target 3: 0.27663
Stop Loss 1: 0.19263
Stop Loss 2: 0.24851
BY this week (3rd - 10 th May 2021), we will see a breakout.
Microsoft Daily bullish setup(246-249) ,Buy the dip! Hello everyone. My previous published idea on March 15th titled ' Microsoft Daily bullish setup(222-225), buy the dip! ' has generated approximately 14% return. Price missed the setup but I caught another pull-back opportunity. You can check the linked idea below for more details.
Now, I spot another bullish setup at the zone of 246-249. Technical reasons are as below:
1. Momentum
2. flip zone
3. demand zone with 61.8% fib inside
Microsoft is really a great company. Buy and hold plays very well. Look at its beautiful chart and you don't wanna miss the chance.
$WLMS can rise in the next daysContextual immersion trading strategy idea.
Williams Industrial Services Group Inc. provides construction, maintenance, and support services to energy, power, and industrial end markets in the United States and Canada.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4.95;
stop-loss — $4.44.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!