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Takeprofit

S&P500 SHORT MARKET OVERBOUGHT We've seen a more than 50% retracement from the lows of the collapse. That was predictable. Now it's time for the short/mid term crowd to take profit, and we are already seeing this process. The trade is partly technical, partly fundamental too. I believe there is a recession ahead and stocks are way too expensive for such scenario. Looking form a technical perspective, those who had cash and were buying, have already bought. The buybacks, that were the key driver of the stock market are supposed to dry up. There is no extra cash now in the companies coffers. Especially given that even with the fed stepping in, the debt market is shallow, and companies can't borrow nearly as much as they could before the lockdown. The trade is short term in theory, and I will close half the position at the first take level. however, that might prove to be a half a year trade eyeing the -50% market-to-market fall. We are clearly in a bear market now, and I remind you, that bear market is a bitch and is very hard to trade. So your risk management should be supreme. Guys, please, support the channel with the like. I rally appreciate that! Wish you luck!
AMEX:SPYShort
by ProSignalsFx
19
EURUSD - Possible long opportunity. Hi, EUR USD broke thru our downtrend line and positively retested it and gave us a big engulfing candle afterwards, which would indicated short-term bullish opportunity . My entry point is located at retest of 61.8 FIB and initiated targets are: 1.272 FIB which also is 1:1 projection of first wave, my 2nd target is 1.618 FIB which is also my final take profit and it occur in double top are of previous high from 9th of march 2020, where also lies a strong resistance on 1W. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
1
Rising Wedge - Take-Two InteractiveThe chart pattern is showing a rising wedge. While technical indicators are showing we are below two moving averages 20 and 200 (acting as resistance). MACD, RSI and DMI showing bulls are running out of buying power. TD Sequential is about to give us a SELL signal with a "red 2", below "red1", below the "green 9". If the stock market does continue to rise, I think we can bounce off the 50 moving average. However, If the 50 days moving average doesn't hold, and support fails (around 114-116), there will be a lot more downside to come. I will look to take profit if I am holding this stock.
NASDAQ:TTWOShort
by johninvest17
BITCOIN - Ascending Channel - SuperTrend reversal - 17% targetMy test bot triggered a buy signal about one hour ago on Bitcoin: BINANCE:BTCUSDT It is good to see that we are in an Ascending Channel The SuperTrend reversed, the take profit target is 17%, which has been a good number in the backtests I made. The trade could have been filtered out by the ADX filter I included in the strategy but it was not, meaning we are in a trending market. The SuperTrend will be used as a natural trailing stop loss, securing our trades. Stay tuned! Backtest below.
Long
by cyatophilum
3
Break And Retest On EURUSDOn the daily time frame on EURUSD, price looked like it wants to downtrend. So on the one hour time frame, I was looking for selling opportunities. thus on the daily, there is a possible 1-2-3 move, and on the one hour time frame, I made a trend line. To continue, price broke this trend line and retested. As all this was happening, price remained below the 50 moving average, thus indicating a sellers market. Finally, with the stochastic indicator reading over bought, this was the final indicator i needed to confirm price may potentially continue down trending on the daily. The green zone marks take profit potentials, and the red zone marks a stop loss, great 3:1 ratio in profit potential. Also, from the previous high, to the previous low, the Fibonacci retracement is on a perfect 50%
Short
by AzzenWazHere
6
HEAD AND SHOULDER UPDATEHello traders, this is an update on an idea published earlier this week. Price got rejected at previous support and we assumed the possibility of a head and shoulder pattern developing. We monitored price action at the right shoulder where we look for signs of rejection for the reversal to take 4 buy position. Our first position was 50 pips and the rest increased by 50. Target 1 for 50 pips, target 2 for 100, target 3 for 150 and awaiting our final for 200. If successful, we will accumulate 500 pips here. We have gotten 3 targets and now hoping for the 4th risk free. This pattern gave us a successful trade and I am happy I was able to share the idea for educational purposes. Have a plan, have a strategy, analize, be patient and execute. Traders should not predict the market but react from it. Trade smart, don’t gamble!
Long
by PipTips
1