Get started

Targets

GBPUSD down around 1.26000 Situation Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at point 1.26000. This is currently being tested several times and has even been broken once. Now the trend lines are discussed. As you can see, trend line (blue) SR-A (Support-Resistant line A) has been approached several times. You can find these point in the light blue circles. This SR-A has been a very important support line in the past. Price has since risen again but the bulls did not have enough power to raise the price. Because of this the price has dropped again. Now it can be confirmed that SR-A can be seen as a resistance trend line. The SR-B (Support and Resistant line B) trend line (black) has also been approached several times. You can find these points in the gray circles. The price has not been able to pass the trend line since December 6. This will therefore have an important part in our analysis. Expectations I expect the price to reach the top of the S/R zone 1 (price can already fall before reaching this point). It happens in any case when reaching the top of the support and crossing the SR-A line. After this, I expect that resistance will arise around the indicated 1H S/R zone (green) . This will not be a very high one, but I expect a small contribution from the bulls. Hereafter the course will pursue the 4H S/R line (1.24839). Here I also expect a struggle in the price which makes me think that bulls will have an input again. Thereafter I expect the price to drop to S/R zone 2 . This place could be a nice, perhaps temporary TP (Target Profit). * But when the price would rise here, I expect the SR-B trend line to push the price down again. If this is not the case and the SR-B zone is exceeded, the next resistance will be the SR-A trend line . The SR-B then becomes the new support trend line. Despite the possible exceedance of the SR-B , the price will not come quickly beyond the trend line SR-A . Here you can also find the S/R zone 1 . Because this zone is passed in the past, it becomes a resistance zone. If situation 2 is the case then I also expect that S/R zone 2 will be reached. If the analysis is successful, we can confirm the following winnings: TP at point 1.24180 = 165 pips profit You determine the stop-loss place yourself. I would advise to place it above the S/R zone 1 to achieve maximum gains. You can also take a position at the pullbacks in the chart. Stop-loss sizes are determined by your own risk management.
Short
by JvdB99
3
DCR/BTC Trading PlanTRADING STRATEGIC BINANCE:DCRBTC Chart Analysis: -Chart Time frame: 1D -Time Frame: 3D I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are getting in to the game. another perspective of this formation can be a bearish flag. Either one, I am expecting a bullish breakout of this ascending triangle in the coming 3 -5 days but having in mind that we are in a bear market therefore I have set a tight mental stop loss. Indicators: -RSI: coming out from Oversold area. -StockRSI: looking like is starting to come from oversold towards overbought. -MA: we got some Golden Crosses at lower time frames, however we are about to get a significant golden cross in the 6H chart. -MACD: Short EMA has crossed over Long this is a good buying signal, and Histogram is moving Upwards. Its significant because we haven't got a buy signal since beginning of November. -TD sequential has reset from a red 9 and now start from today a green 1. TRADE MANAGEMENT: Trade entry: 0.005000 Stop Loss: 0.004950 -Targets: Mercury: 0.005236 Venus: 0.005370 -Risks/Rewards: -Risk/Reward Ratio: 6.34
DLong
by vfxvictor
1
BCHSV Descending triangle + Trading Plan + TargetsTRADING STRATEGIC BINANCE:BCHSVUSDT Chart Analysis: -Chart Time frame: 4H -Time Frame Analysis: 15M-1H-4H-12H-1D Hi everyone, SV has been in consolidation since we hit the top of wave 5 141.31 (Binance), I could not stop noticing the descending triangle SV is forming. Also last night we pushed trough resistant breaking out a trend line, however, SV has found a lot of resistance forming indecision candlesticks after the breakout, this is basically calling for a big move. Either goes down or up we dont know yet, one word probabilities, we weight the odds we measure our risk and then we get our trade. That is trading, this how we differentiate from Gamblers. I consider this a risky trade, because I have conflicted ideas, for some reason I been thinking that SV is going to go lower. so why Am I going long then? Well the way I approach Chart analysis (priority order) is by first Candlestick Patterns, I zoom In and work without any line , any indicator so I get the feeling of asset, and I pay attention to the candlestick shape form using 4H-6H-12H-1D. Second, Support and resistance level. Third, I draw patterns such as trend-lines, channels, triangles and wave counts, (notice how this last has the least impact in my methodology). In addition, I give more weight to higher time-frames. and after that I use Fib techniques combine with support and resistance to take the trade. *Dojis*: After the trendline Breakout dojis starting to appear showing us indecision, if we pay attention to the last 3 dojis price action has been closing higher, it also showing bullish strength since several times bears have tried to pull it down. Second doji looks like a little hammer along with the third. If you draw a trend line using the lows you can see a little ascending triangle. Indicators: -ATR: it is at his lowest since we start the previous rally. this indicator measure the volatility. -RSI: 12H is neutral+ D1 -StockRSI: is Over Sold (bearish), however is not a key support to paying attention to. -TD Sequential: 12H green 2 trading above green 1, this is one of my favorite combinations to trade, if we start trading above wick 1, price well shoot. so pay attention to that. -MA: Golden Cross at 4H Trade Management: Trade entry: 99.80 ( ACE) Stop Loss: 93.00 -Targets: Mercury: 106.00 Venus: 112.25 Earth: 118.00 Moon: 126.10 Mars: 136.50 -Risks/Rewards: Risk/Reward Ratio: 4.60
BLong
by vfxvictor
5
BCHSV/USDT 33% Gain TRADING STRATEGIC Chart Analysis: 15M-1H-4H-1D I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction. Trade Management: Trade entry: 92.00 Stop Loss: 90.00 Risk/Reward Ratio: 14.48 Target: I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it. Target: 120.00
BLong
by vfxvictor
10
ZRXBTC LONG ALL SET FOR QUICK 37% PROFIT RSI GOOD MFI 20 OVERSOLD MACD OVERSOLD STOCH BELOW 20 CURRENT POSITION ABOVE 61.8 11710 SAT 1.27% UP TARGETS 12960 - 13685 - 15925 (7-14 DAYS) FOR QUICK TRADERS STRICT STOP LOSS OF 11000 REGULAR ST AND LT TRADERS STOP LOSS 10256 October development updates twitter.com 0x Instant: public spec + private beta @npmjs packages => 0x namespace support for EIP712 in @metamask_io governance updates from @EFDevcon New team members RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Long
by open4profit
18
SQ Buy targetSquare pretty over-sold on the weekly (so are many stocks just now though) which was followed by a $35 - $100 run last time, so might consider a long after the weekend. Dream target is highlighted. > Will be looking for positive Bitcoin moves that could influence this increasingly crypto focussed company in the long-term. > Cashapp downloads are looking good, still getting dominated by Paypal & Venmo combined figures (same company). Cashapp has good "cult" following, awaiting news on expanding into new markets. (Not much information, but want to free up chart space)
NYSE:SQ
by abztrdr
BTCUSD Setting of targets. You took a short position when you break through a symmetrical triangle in a downtrend. Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle. Then the price as expected continued its downward direction having broken the borders of the rrectangle. Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor. Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle. This is why there is no sense to close the position right now as the trend tends to go on. You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle. Information is the most valuable of well-known goods. I share all of this information with my Family members for free so don't forget to like and subscribe.
BITFINEX:BTCUSDEducation
by EXCAVO
13
Where to next for Ripple?Hello everyone, XRP has been very bullish as of late. As you may recall from this post: I gave XRP a target of the first green line and it was hit within 24 hours of writing. This was a 100% increase in less than a day. I did not expect this. However, someone in my paid group managed to catch it and was very happy with the stoploss I set for him because he managed to keep most of his gains. I was certainly not expecting XRP to jump that much that soon, but it can happen. Thankfully, one of my trader's was prepared and caught it. Anyways, based on the same methodology - because XRP is officially looking bullish - I have set the above targets. Out first target was around $.83 which as I said was hit, but it hasn't retested that level yet, so we don't know if it will breach it properly yet. Assuming it does, I have set a target for the $1.07 range. With the same song and dance, we then have a price target of about $1.96 . From these levels that is over a 200% increase. That is quite the potential upside. With that said, it should be obvious not to short based on the technicals. Good luck everyone! -YoungShkreli PS I do not trade XRP. I more or less exclusively trade bitcoin and its derivatives with leverage. Occasionally, I make an ETHBTC trade. I have done this once and am expecting to do it again soon. Out of 100s of trades, 1 or 2 will be in alts. Just so you know.
BITFINEX:XRPUSDLong
by CantorTechnologies
33
ASNA most likely to mirror back to $8 and then $15 in ~12 monthsArticle Link: aicody.com ASNA is a long-established ecommerce and store retailer, which appears to be solidly back in the competition in such a highly competitive space wherein companies often face operational challenges such as Sears, forced to be merged or acquired such as Versace, or go out of business. However, ASNA's recent financial statements, 57 years of operations, sales concentration on fashion-forward women, geographical center of attention in the U.S., Canada, and Puerto Rico, and recent rent reduction plans for its unnecessary stores are the fundamental forces for cost reduction, which is the sole key to profitability and scalability in this sector. Thus, we hold reasons to believe that ASNA's stocks currently project plus buy and double plus hold ratings suitable for both trade and investment purposes. Company Summary Ascena Retail Group, Inc. (ASNA) is an ecommerce and store retailer in the US, Canada and Puerto Rico, offering apparel, shoes, and accessories for women via the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant, Catherines and Cacique), and for tween girls via the Kids Fashion segment (Justice). ASNA operates ~4,600 stores and the following domains: AnnTaylor.com ascenaretail.com Catherines.com dressbarn.com factory.anntaylor.com lanebryant.com LOFT.com louandgrey.com maurices.com outlet.loft.com shopjustice.com Institutional Shareholders BlackRock Fund Advisors: 22.7M (11.57%) reported on 06/30/18 Charles Schwab Investment Management, Inc.: 6.1M (3.1%) reported on 06/30/18 Dimensional Fund Advisors LP: 16.4M (8.37%) reported on 06/30/18 Nomura Securities Co., Ltd. (Private Banking): 17M 8.67% reported on 06/30/18 PRIMECAP Management Co.: 9.2M (4.67%) reported on 06/30/18 Renaissance Technologies LLC: 4.7M (2.38%) reported on 06/30/18 Sapience Investments LLC: 4.1M (2.08%) reported on 06/30/18 SSgA Funds Management, Inc.: 4.8M (2.45%) reported on 06/30/18 Stadium Capital Management LLC: 19.2M (9.8%) reported on 06/30/18 The Vanguard Group, Inc.: 15.7M (8.02%) reported on 06/30/18 Mutual Funds Shareholders DFA US Small Cap Value Portfolio: 5.02M (2.56%) reported on 04/30/18 iShares Core S&P Small Cap ETF: 9.58M (4.88%) reported on 09/6/18 iShares Russell 2000 ETF: 3.67M (1.87%) reported on 09/6/18 iShares S&P Small Cap 600 Value ETF: 2.72M (1.39%) reported on 09/6/18 PRIMECAP Odyssey Stock Fund: 4.1M (2.09%) reported on 06/30/18 Schwab Fundamental US Small Company Index ETF: 3.46M (1.76%) reported on 09/6/18 Vanguard Extended Market Index Fund: 2.27M (1.16%) reported on 08/31/18 Vanguard Small Cap Index Fund: 4.21M (2.15%) reported on 08/31/18 Vanguard Small Cap Value Index Fund: 2.63M (1.34%) reported on 08/31/18 Vanguard Total Stock Market Index Fund: 4.15M (2.11%) reported on 08/31/18 Financial Summary For the fourth quarter of Fiscal 2018, ASNA reported GAAP income of $0.17 per diluted share compared to a GAAP loss of $0.08 per diluted share in the year-ago period, based on a 4% comparable sales increase and the benefit of an additional week related to ASNA's fiscal calendar. For the fourth quarter of Fiscal 2018, ASNA reported adjusted earnings of $0.07 per diluted share compared to adjusted earnings of $0.05 per diluted share in the year-ago period. For full year Fiscal 2018, ASNA reported a GAAP loss of $0.20 per diluted share reflecting a comparable sales decline of 2% and costs associated with ASNA's Change for Growth transformation program, partially offset by the benefit of the additional week. ASNA reported a GAAP loss of $5.48 per diluted share in the year-ago period which included a non-cash pre-tax impairment charge of $1.324B to write down a portion of ASNA's intangible assets. Adjusted earnings for 2018 were a loss of $0.02 per diluted share compared to adjusted earnings of $0.22 per diluted share in the year-ago period. Sales Net sales for the fourth quarter of Fiscal 2018 were $1,766M compared to $1,658M in the year-ago period, with the increase caused by a 4% increase in comparable sales and ~$88M of sales associated with the additional week. Growth Margin Gross margin increased to $1.01B, or 57.5% of sales, for the fourth quarter of Fiscal 2018 compared to $0.95B, or 57.4% of sales in the year-ago period. Gross margin increased from the year-ago period due to increased comparable sales and ~$50M associated with the additional week. Gross margin rate increased 10 basis points, with strong rate improvement at our Premium Fashion and Kids Fashion segments mostly offset by declines at our Plus Fashion and Value Fashion segments. In our Plus Fashion segment, merchandise margin increased from the year-ago period, reflecting improving assortment performance and disciplined inventory management, with the offset caused primarily by higher freight expense resulting from increased digital penetration. The decline in our Value Fashion segment was caused primarily by lower clearance price points at dressbarn. Distributions Buying, distribution, and occupancy (“BD&O”) expenses for the fourth quarter of Fiscal 2018 increased to $324M, which represented 18.4% of sales, compared to $320M, or 19.3% of sales in the year-ago period and included ~$3M of expense associated with the additional week. In terms of dollars, lower occupancy expenses resulting from our fleet optimization program were more than offset by higher variable distribution costs related to the increased penetration of our direct channel business and the expenses associated with the additional week. General and Administrative Selling, general, and administrative (“SG&A”) expenses for the fourth quarter of Fiscal 2018 increased 5% to $527M, or 29.8% of sales, compared to $500M, or 30.1% of sales in the year-ago period. The increase in SG&A expenses was primarily due to $18M of expense associated with the additional week, inflationary increases and higher performance-based compensation, offset in part by ~$30M in synergies and cost reduction initiatives. Operating Loss Operating income for the fourth quarter of Fiscal 2018 was $53M compared to an operating loss of $9M in the year-ago period. The increase in the current year primarily reflects the impact of the additional week, which generated ~$30M, lower costs associated with the Change for Growth transformation program as well as lower acquisition-related costs. On a non-GAAP adjusted basis, operating income was $43M in the fourth quarter of Fiscal 2018, compared to $44M in the year ago period as the growth from the comparable sales increase and the impact of the cost savings initiatives were offset by inflationary increases and higher performance-based compensation. Net Income ASNA reported Net income of $33M, or $0.17 per diluted share in the fourth quarter of Fiscal 2018, compared to a net loss of $16M, or $0.08 per diluted share, in the year-ago period. 2018 Q1 Financial Highlights ASNA ended the fourth quarter of Fiscal 2018 with Cash and cash equivalents of $239M. ASNA ended the fourth quarter of Fiscal 2018 with inventory of $623M, down 3% from the year-ago period. Capital expenditures totaled $54M in the fourth quarter of Fiscal 2018, primarily to support new capabilities and strategic initiatives. Full year Fiscal 2018 capital expenditures totaled $181M. ASNA ended the fourth quarter of Fiscal 2018 with total debt of $1,372M, which represents the balance remaining on the term loan. There were no borrowings outstanding under ASNA's revolving credit facility at the end of the fourth quarter of Fiscal 2018. In addition, ASNA had $473M of borrowing availability under its revolving credit facility. During the fourth quarter of Fiscal 2018, ASNA repaid $203M of its term loan and its next scheduled repayment is in November of calendar year 2020. Store and Rent Reductions ASNA closed a net 185 stores during Fiscal 2018 which primarily reflects its continuing fleet optimization program. Under the program, ASNA has decreased ~$50M in annualized rent reductions through landlord negotiations. ASNA's number of stores on a brand-by-brand basis from quarter third to fourth is as follows: Ann Taylor: 306 - 2 = 304 LOFT: 674 - 2 = 672 maurices: 986 - 14 = 972 dressbarn: 739 - 9 = 730 Lane Bryant: 752 - 3 = 749 (4 Closed - 1 Opened = 3) Catherines: 351 - 3 = 348 Justice: 855 - 8 = 847 Total: 4,663 - 41 = 4,622 Forward-Looking Statements for 2019 ASNA is re-instituting full year guidance and expects Fiscal 2019 full year non-GAAP earnings per share ranging from $0.00 to $0.10, supported by the following assumptions: Net sales of $6.45 to $6.55B Comparable sales up low single digits; Gross margin rate of 57.6% to 58.1%; Operating expense growth of ~1%; Depreciation and amortization of $327 to $332M; Operating income of $120 to $140M; Interest expense of ~$112M; Income taxes ~$8M reflecting a 21% tax rate and minimum taxes; and Diluted share count of 200M. Full year capital expenditures are expected in the range of $180 to $210M, and ASNA expects to close ~5% of its Fiscal 2018 year-end fleet, with store count dropping into the range of 4,375 to 4,425 by July 2019. Forward-Looking Statements for 2019 Q1 Fiscal year 2019 first quarter non-GAAP earnings per share is estimated in the range of $(0.04) to $0.06, reflecting a collective unfavorable timing impact of ~$0.10 related to the additional week in Fiscal 2018, which shifted the peak Justice back-to-school week from week 1 of Fiscal 2019 to week 52, and timing related to the adoption of the revenue recognition accounting pronouncement, Accounting Standards Update 2014-19, "Revenue from Contracts with Customers." ASNA's estimated Fiscal 2019 first quarter earnings per share outlook is supported by the following assumptions: Net sales of $1.54 to $1.56B; Comparable sales flat to up 2%; Gross margin rate of 60.0% to 60.5%; Operating expense growth of 1% to 2%; Depreciation and amortization expense of ~$84M; Operating income of $22 to $42M; Interest expense of ~$27M; Income taxes of ~$3M reflecting a 21% tax rate and minimum taxes; and Diluted share count of 200M. CEO's Comments Mr. David Jaffe commented that “Our fourth quarter reflected sequential comp improvement across all our brands, and the first enterprise-level positive comp quarter for ascena since the second quarter of Fiscal 2015. Comparable sales increased 4%, and excluding dressbarn, all brands delivered positive comps. Specific to dressbarn, we delivered a 9 percentage point sequential comparable sales improvement from our third quarter, and have fully reset the brand’s inventory position heading into Fiscal 2019. Adjusted earnings per share of 7 cents came in above our guide, and while we were pleased with progress for the quarter, it represents only the first step in our road back to realizing ascena’s full earnings potential.” Mr. Jaffe states that “We continue to make good progress across the three pillars of our Change for Growth transformation program. We remain on track to achieve $300M in annual run rate savings by July 2019, and are currently implementing the two remaining large capability-building components of our transformation program - localized planning and our customer experience management ecosystem. And as we enter Fiscal 2019, we are leveraging the foundation we’ve built over the past two years to pivot the organization toward the most critical pillar of our transformation program - reinvigorating growth from our core.” Mr. Jaffe believes that “We remain committed to realizing the full value of our brand portfolio and platform capability. At the core of future shareholder value creation is the promise of a highly differentiated and growing group of leading brands, supported by a cost efficient infrastructure. We entered Fiscal 2019 with good base momentum, and key growth initiatives beginning to gain traction across our brands. We are making headway with stabilization of our dressbarn brand, and will continue to explore opportunities across our brand portfolio to create shareholder value." Statistics Shares Outstanding: 0.2B Avg Daily Vol: 2.5M Market Cap: ~1B 52-Week High: $5.29 52-Week Low: $1.69 Forward PE: 203.4 Annual Div/Dividend Yield: 0.00% / 2.5% Annual Rev: ~7B Inst Own: 82.5% 1-Month Return: 10.9% 3-Month Return: 5.1% Next Earnings Report Date: 12/03/2018 Earnings ESP: $0.05 Revenue Per Employee: $98,759 Money Flow Ratio: 0.94 % Profitability Revenue Growth: 1.3% (Sector Average 5.2%) Gross Margin: 57.5% (Sector Average 31.9%) Return on Equity: 24.6% (Sector Average 19.8%) Net Margin: 2.0% (Sector Average 2.9%) Debt Current Ratio: 1.1 (Sector Average 1.4) Debt-to-Capital: 60.1% (Sector Average 51.0%) Interest Funding: 18.3% (Sector Average 7.5%) Interest Coverage: 0.1 (Sector Average 3.7) Dividend Dividend Growth: NA (Sector Average 1.0%) Dividend Payout: NA (Sector Average 45.7%) Dividend Coverage: NA (Sector Average 4.5) Dividend Yield: NA (Sector Average 0.0%) Top Peer Companies Abercrombie & Fitch Company (ANF) Amazon.com, Inc (AMZN) American Eagle Outfitters, Inc (AEO) Ascena Retail Group, Inc (ASNA) Buckle Inc (BKE) Cato Corporation (CATO) Citi Trends, Inc (CTRN) Dillard's Inc (DDS) DSW Inc (DSW) Etsy Inc (ETSY) Express Inc (EXPR) Five Below Inc (FIVE) Francesca's Holding Corp (FRAN) Gap Inc (GPS) Genesco Inc (GCO) J C Penney Company Inc (JCP) Kohl's Corporation (KSS) Lands End Inc (LE) Macy's Inc (M) Marks And Spencer Group PLC (MAKSY) Marui Group Co LTD (MAURY) Neiman Marcus Group, Inc (NMG) New York & Company Inc (NWY) Nordstrom Inc (JWN) Qurate Retail Inc (QRTEA) Ross Stores Inc (ROST) Sears Holdings Corp (SHLD) Sears Hometown and Outlet (SHOS) Target Corporation (TGT) Tillys Inc (TLYS) Walmart Inc (WMT) Wayfair Inc (W) Guidance 2019 Q1 Total Sales: $1.54-$1.56B Gross Margin: 60.0%-60.5% Depreciation and amortization: ~$84M Operating Income: $22-$42M Interest Expense: ~$27M Diluted Share Count: 200M EPS: $0.04-$0.06 Guidance 2019 Total Sales: $6.45-$6.55B Gross Margin: 57.6%-58.1% Depreciation and amortization: $327-$332M Operating Income: $120-$140M Interest Expense: ~$112M Diluted Share Count: 200M EPS: $0.00-$0.10 Stores: 4,375-4,425 12 Month Price Target Mean: $8.33 High: $15.01 Low: $2.18 Earnings Surprise Positive (+6.7%) Trade and Investment Ratings Ratings from strongest (+++) to weakest (---) are as follows: 60-Month Investment: +++ 36-Month Investment: ++ 12-Month Investment: + 3-Month Investment: Neutral 1-Month Investment: Neutral Single Day-Trade: Neutral Multi Day-Trade: Neutral Single Short-Term Short-Sell: Neutral Multi Short-Term Short-Sell: - Long-Term Short-Sell: --
ALong
by aicody
Bitcoin Cash | Good Breakout. Continuation? [BCHBTC]Bitcoin Cash just had a breakout with really good volume. If support above the first resistance and the MA can be established, I'd say that continuation is very likely. The move is supported by bullish divergence on the Daily RSI. It's a very tricky situation right now, because Bitcoin seems to be bearish and Altcoins usually follow. I'd say its possible that we see some sort of de-correlation in the near term. Altcoins are springloaded, every time BTC makes a tiny little move to the upside, we see massive gains on different Alts. In the past, BCH was sometimes seen as a hedge against BTC. We might get some of that sentiment back if BCH manages to push up even higher. As always, never FOMO into trades. Wait for consolidation pattern before you enter a position. My final take profit zone would be around 0.13 and 0.14, if BCH managed to get through the previous resistances.
BLong
by REKTCryptoTrader
USD/JPY high probability long strategyWe have long targets for FX_IDC:USDJPY after breaking a falling wedge at the 1.272 and 1.618 extension, at the same time price targets for the falling wedge breakout meet pretty accurately within these ratios. You can even see price making its way back to the pullback after a throwback to the wedge´s upper trendline. These long strategy follows a major bullish trend forming in a new historic and economic context in which the dollar keeps gaining value against the all-time famous Japanese safe haven currency thanks to the news on interest rates which the FED is meant to rise periodically from now on. 1st Target: 127.2 % or 113.020 2nd Target: 161.8 % or 113.740 Safe trades everybody !
Long
by Mikephicc_propT