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EURUSD will it break the channel [1.1430 -- 1.1320] upward ?Sun 09.Dec.2018 Ticker: EURUSD LAST= 1.13 78 EURUSD movement during the last few days showed a Sideways movement, between 1.1430 -- 1.1320 During the next few days the price is expected to go up for 1.13 85 and then to 1.14 00. The Short-Term view is expected to continue to be in Consolidation between 1.1400 - 1.1340. But as of now, as long as the price is trading above 1.1375, its recommended to ' BE LONG ' for a targeted price of around 1.1550 after an upward break of the channel before or by year end. Taking in consideration the resistance levels. On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1.13 15 Res_2 = 1.14 45 Res_1 = 1.14 05 Sup_1 = 1.13 60 Sup_2 = 1.13 20
Long
by EmadSaqqa
I can $SPOT a good R:R when I see oneSpotify... the newest streaming music service to hit the NYSE via a nontraditional IPO I have no fundamental analysis on this besides that they have a student subscription program that will 'hook' the next generation and a partnership with Hulu to incentivize membership gains. Looks like we have made a clean break of a wedge here; can we test the 1.618 extension? Limit your risk accordingly, I have this as an ~ 3:1 R:R or potential to gain 3 dollars for every 1 dollar risked. GL HF xoxo snoop
NYSE:SPOTLong
by 420snoop
6
SPOTIFY IPO; Ready for for a 30% gain after it's opening week ??Not a fan of stocks, but love watching IPO's: NYSE:SPOT just released this week; here's my take on the chart after it's first week of trading... Price action has now put our first bottom in place, where I'd expect 134 to be the HARD floor price before any further declines. However, the range (green shaded zone) from the past 2 days, 'IMO', is the catalyst for a breakout, ideally in the upper direction. There is the option for a breakout below of course, and a bottom retest, but it is my opinion this does not occur. It's first stop? It's 'ATH' on opening day (169), where naturally would anticipate a reaction/stall/retrace, and further continuation up to the next level (175), where I'd again see a stall, ?retrace?, before finally making its way to the 188 price level (green hash-line). Time frame for this is not relevant, but with the current markets volatility increasing, and this still a new issue, might happen sooner than later. It is here where depending on how price action moves at this level, I would determine if it makes it's way towards 200 or we see declines back towards the original breakout zone (green shaded area). Will update as price hits any of these levels, above or below. Excited to watch it play out. Let me know your thoughts or if anyone is buying :) (full disclosure: I do not own this stock at time of analysis, nor do I intend on purchasing at any time; consider for education only) ** These are based off current support resistance, supply and demand, and measured/forecasted moves.
NYSE:SPOTLong
by ProSTrades
Spotify(SPOT) inside day after IPOSPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING! So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout! If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
NYSE:SPOTLong
by Trader_Joe_Lee
XAUUSD - buy opportunityGOLD is in the main balance with the range 1307-1362. Last week we saw a false break down of this balance. That often indicates about the movement to the other side of balance. For now you can use 2 strategies: 1. Put buy-stop with the expectation of break out 1325 (aggressive). 2. Wait for a correction wave to the balance level 1307 (conservative). Stop-loss should be below the false break down, so the second option is more preferable. Also, second option have a much better risk/reward ratio. Target1: 1356 Target2: 1362
OANDA:XAUUSDLong
by DzenTrader
EURUSD: Short Going well. Good spot to increase positions hereEURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good bounce before failing again. More as move develops.
Short
by sumastardon
1