ROKU | 37% Correction Coming SoonGood Morning Traders,
I'm switching it up a bit and covering Roku. We should be looking for entry toward $123.5 to $125.33 with a exit around $164. Roku is sitting at 339% profit in 348 days, which is incredible for a Fortune 500 company. Throughout the previous 3 weeks, we saw a correction pushing 22%; if we can hold the channel movement up is likely with a target of $164. Billionaire, Anthony Wood quit his career with Netflix to join Roku & quadruple his fortune in just a year; Pulling in $2.2 billion since January.
This read is sponsored by Dan Orr, a stock market legend.
As always do your own research, I am not providing financial advice nor am I financial advisor.
DotcomJack | EasyLootFund
Swing-trade
USDJPY SHORT SWIG TRADE My target for USDJPY last week got smash for the long and as I stated that price could be rallying up to make and a head and shoulders ready for the drop. As we can see on the daily time frame, price has finally broken out of the ascending wedge and is retesting the bottom trend line of the wedge formation. As it is retesting the broken wedge it is currently forming a perfect head and shoulders with last Friday's daily candle close showing a rejection off the left shoulders resistance area. Along with these confluences, all these confirmations for the short are also playing out right on the weekly 61.8% bearish fib.
Personally on a lower time frame I am looking for the 4 hourly price to rise to create a double top at 109.626 area before looking to get in for the short. On a daily time frame perspective this will wick fill last Friday's candle close.
For targets if we get a break of the neckline I will be looking for TP1 to be hit which is the duplication of the head and shoulders. (250 pips)
If price then progresses to go bearish then i will be looking for TP2 to be hit which is the duplication of the wedge range. (400 pips)
If we can get a nice entry then the risk to reward on this would be amazing....
EURUSD SWING TRADE SHORT After having a bullish run during the UK elections we have seen the weekly 50 ema ( daily Red 200 ema) been touched and rejected as well as a weekly descending trendline. As daily price has failed to print and close above the daily highs and rejected off the 78.6 daily fib level we could now see a long term bearish run to complete the bearish Gartley harmonic. If we get the price action on lower time frames we should be good enter for the short. We have to be mindful that we still have the daily 50 ema below price acting as dynamic support. If we can break through all of the above then we could see the -27% and -61.8% be hit to make new daily lows. If we get a previous support on the H4 (1.117065) broken and retested then i will be looking to short. Second scenario would be price will rally back up to make a double top of the 4 hourly structure (1.1800) which then will wick fill the previous daily wick off the 200 ema, then i will be looking to short from there. Price could possibly short off further down to fill the weekly gap in price from April 2017 which ranges from 1.08300- 0.07100
PHB/BTC movement upcoming?PHB looks to be in a short bounce from its support Trendline. In previous weeks we have seen a double bottom and now rounding bottom. Both are indicators of a reversal. I have created another HOT-COLD buy-sell graph. Green being the safest buy and Red being the most dangerous buy area. Support looks to be in the 64-66 ranges. Breach of this would be suspect.
EURO | Nice opportunity for ShortWait for correction to the Weekly M3 Pivot, then Sell between the 55/100 EMA and below/at the Weekly M3.
Conservative Target is M1 of Future Weekly Pivot and Agressive Target is at S2 Future Weekly Pivot.
M1 is more likely and more safe because it is also the bottom of the Support Zone (Blue).
Shorting Euro is generally a good idea these days because you also get money (Swap) from most brokers for holding the position over night.
USDJPY - EDUCATION - 14. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Possible break below previous lows / support zone and psychological barrier.
4 HOUR
Waving market structure with several pullbacks and new Highs / Lows.
DAILY
Sideways moving market right now, good long entries.
OVERALL
Expecting a break of previous lows with an instant pullback to the upside,
strong market structure and confirmations. Waiting for the break and last
confirmation to enter a position at our levels.
Good luck
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Have a great week everyone!
ALAN
BTC Short from 11k to 8.5kResistances at 11k - 50 and 34 EMA on the 4hr chart, 100 and 200 EMA from the 1hr chart, trendline from the previous 2 highs.
We are probably on an ABC correction, making the 2nd wave (up) at the wave C and going for the 3rd (down) anytime soon.
At 8.5k we have a 0.5 fib from the whole uptrend starting Dec to 14k, going to find support there. Stop at 12.5k or 14k. (13% and 27%). Target at 8.5k, 23%.
Swing trade idea - Long BOOSwing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
EURAUD: Swing Trade Setup Whats up traders?
We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days.
After three levels of rise and a peak high forming, we are looking for short orders in the market.
Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case more then -50 Pips.
Although the stop loss is wider, the risk reward on this trade is more than 1:10 if our take profit hits. Thats more than great!
Wishing everyone success and a profitabel trading day!