Swing-trade
SPWR - Possible Long Swing TradeI am interested in entering a swing trade (long) on SPWR. What I would like it to do now that it has broke out above $9.37, is to at some point retest the $9.37 level and bounce before I enter a position.
Conservative or Aggressive 2 trades can be taken on this pair as price trickles down to the support level/zone.
1st. (conservative) enter the trade from the daily light blue lines risking 95 pips to make the risk/reward being 1:5 which is great for a passive wealth created trade.
2nd. (aggressive) let price action can enter into the dark blues lines risking 30 pips to make the same amount of pips as the conservative (545 pips) making the risk/reward 1:18.
Price action is coming down in a straight path, the support level has no visible obstruction points in between the weekly resistance point, to weekly support.
2 ways to manage the trade
1. Exiting trade before price action touches the minor obstruction still having a risk/reward at 1:3
2. More aggressive approach by holding the trade passed the weekly high, price action will eventually pass the weekly highest high
Incoming AUDNZD Long OpportunityThere are a ton of people buying AUDNZD right now. I'm not convinced it's time for the reversal juuust yet. I have a small buy limit sitting at 1.03900. That's the Fibonacci extension point from the original drop, a trendline point on the weekly chart, and a strong supply zone.
EURUSD Swing trade (Bullish)Keep in mind that the sentiment of the higher time frames is still bearish, and this potential trade is only for a short period to lock in a few profits.
The 3 criteria used for this trade are:
1. Break in downtrend.
2. Inverse Head and shoulders pattern
3. CCI (50) above 100.
The setup:
Buy to enter at 1.0905
Stop loss at 1.6885
target 1 at 1.1065
target 2 at 1.1165
The trade management
After the entry, there is always a possibility of a RETEST or a PULLBACK as shown on the chart, this is common with inverse head and shoulder's patterns. Please keep that in mind while placing your trade.
Close 50% of your position if target 1 is reached, and then move the stoploss order to breakeven where you entered. (1.0905)
If target 2 is reached then exit the remaining position.
trade safe, do not over leverage your positions.
As Always what you've read does not constitute Investment Advice. You alone are responsible for your own actions.
USDCAD - Bullish CypherThere is a bullish cypher pattern on USDCAD H1 timeframe with D completion at 1.30300.
Entry: 78.6% retracement of XC (1.30320)
Stop: Below X (1.29700)
Target 1: 38.2% retracement of CD (1.30980)
Target 2: 61.8% retracement of CD (1.31400)
USD/CAD Uptrend confirmed by fib levels.
Entry @1.3200 level
3 possible profits
1.33093
1.32852
1.32531
Stop loss @ 1.32165
EUR USD Daily ShortIt is a good opportunity to place a Short order under the last Daily Candle.
Entry Stop and Target can you see on Chart.
USDJPY SHORT TRADEPossible short setup with a lot of confluence. Just waiting for the candle to finish forming.
* Strong Resistance @ 104.00
* 50-61.8 Fib retrace
* Deceleration Present
* Double Top
* With Trend
* Inside Bar
* Stochastic RSI Indicates OVERBOUGHT = 100
GBPUSD at pivot level and support.GBPUSD has reached a mid-pivot level that is also at range support. The bottom resistance level is actually at S1 however there is no denying the mashup of support levels for us to keep a closer eye at this level. Slower stoch is showing a rise in price and faster stoch is still showing price can go lower to the S1 level before reversing. I am on the buy side on this pair as the range is still intact. I will be waiting till after the weekend before entering if price is still holding. Id expect S1 to still be in play so stops should be below. If that is the case, be careful of the algos as they know that is where stops are. Give yourself room to avoid the volatility spike they can cause. .
GBPUSD: Buying below 1.30 (Bull Cypher)Hi Traders,
There is a bullish cypher pattern forming with D completion at 1.29900. This is a swing trading setup and timeframe. I expect the trade (if does complete) to last for 3 - 10 days.
If you are not comfortable holding trades long or over the weekend, I would suggest that you focus on developing a trading strategy on a shorter timeframe e.g. M5, M15, M30 or H1.
Entry: 1.29920
Stop: 1.28480
1st target: 1.31600
2nd target: 1.32680
Good luck and good trading,
Luke
NZDCAD Swing Trade Price held the weekly 50% fib level with a nice pinbar rejection after a failed test of $0.95250 supply zone. The daily confirms this rejection as it shows textbook deceleration into the 4H flip level (gray shaded box) and 50% retracement of the last weekly swing. Price formed an inverse head & shoulders reversal pattern here and broke $0.9200 with some nice momentum. Watching for an intraday pullback to pivot for a long to retest the highs at $0.95250
$WTI - Refiner Outages Approaching, P Action around $42.5 KeyUsing $42.50 as a support level, a bounce off that level would be considered bullish, but if prices fail to hold, a return to $37.50 seems probable. This implies a negative 200 day SMA cross, which suffice it to say, would be a return to the bearish int term trend. This, in concert with a low energy demand season approaching and several refiner outages expected in coming months, which would imply further inventory builds to already record levels.
Aussie VS SwissYes weekly is for long term trader so I am. Lots of thing giving long signal on this pair, market is dynamic so we have to wait and see if price hit our entry point @0.7256
At Market Bull Cypher W/Better Entry PriceWhen the market opens today, (as long as the Gbp/Jpy doesn't have an extreme gap) you have a bullish Cypher pattern on the Gbp/Jpy that now has a phenomenal Risk to Reward. As you can see on the chart using a 1 ATR stop loss below "X" if you entered at the completion of the pattern at the .786 you would have a 1:1 R/R for target 1 and a 1.5:1 R/R for target 2 as illustrated by the red and green boxes. But if you enter now at market using the same 1 ATR stop below "X" you will have almost a 2.5:1 R/R to target 1 and a 3.5:1 R/R to target 2 as illustrated by the blue and red boxes. So if you trade the cypher pattern and this fits into your risk tolerance, then this is a very good setup to consider.
SHORT USD/CHFLook to short this pair upon break of upwards trend line. Look to target bottom support level. Everything has been illustrated. Cheers!
- DMFX
LONG USDJPY AFTER A BREAK OF THE 1H TRIANGLE.We have recently seen big bullish move on the 1h chart giving us the opportunity to catch a lot of pips on the way up to the monthly key level.
Anyway this is a BEARISH MARKET and we've got to be really carefull. We don't wanna get caught on the shorts.
This trade is taken on a 1% risk on the capital of our account.
EURJPY_ potential bullish on pullbackThe EURJPY has made new highs last week. After seen a break of former resistance we are currently in a pivot zone.
RSI show the development of continuing upward moves however a pullback is necessary before considering another bullish entry. N.B _ RSI Divergence
1. Pullback Swing in price
2. RSI hold up trend above 50.
3. Stochastic makes bullish cross
Daily Analysis
long above 2105 short below 2080 at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long side all time high short side around 1600 area would be kind of an ideal target for LONG time swing long !!
