Connect with us

Recommendations

Trade Recommendation: Bitcoin Cash

Published

on

The trading idea is based on a bullish divergence which gives us a trend reversal signal. RSI confirms price reversal. MACD supports possible upward movement. Entry level is 1600.00 with stop orders at 1480.00 level. Profit targets are 1750.00 and 2000.00 resistance levels.  If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

// -- Discuss and ask questions in our community on Workplace.

Market: BCCUSDT
Buy: 1600.00
Stop: 1480.00
Profit Targets: 1750.00 and 2000.00

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Bitcoin Cash.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
14 votes, average: 2.79 out of 514 votes, average: 2.79 out of 514 votes, average: 2.79 out of 514 votes, average: 2.79 out of 514 votes, average: 2.79 out of 5 (14 votes, average: 2.79 out of 5)
You need to be a registered member to rate this.
Loading...

3.2 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




Feedback or Requests?

Recommendations

Trade Recommendation: USDCAD

Published

on

Ransomware

This trade recommendation is setting up quickly and requires prompt attention.

// -- Discuss and ask questions in our community on Workplace.

The Canadian Dollar (USDCAD) has a good setup to go long on a breakout above the swing high from last week’s closing move. The 3 Day Rolling Pivot Range (RPR) and the Weekly Pivot Range high level are providing near term support at the time of writing.

There are 2 indicators that I also use that are coinciding with the swing high level from last week. These are the Opening Range high/low (white dots) and the ‘A’ up line. Each of these levels closely associated, represent a key price area and where we will want to go long the market.

What confirms the long bias is the Daily Pivot Moving Averages turning up and crossing over.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

The longer term Pivot support levels are the 6 Day Rolling Pivot Range and the Monthly Pivot Range.

We must wait for confirmation however, and this will increase our chances of success if we buy on strength. Using the 60 minute chart we will want to buy on a breakout above the swing high level at 1.29110. This will confirm the market wants to move higher. Place the stop loss just below the 3 Day RPR and the profit targets stated below.

Entry Price: 1.29110
Stop Loss: 1.28620
Profit Targets: First profit target 1.29650. Second profit target is 1.2988. As the market moves higher on the breakout, trail a stop loss 30 pips until second profit target is hit.

Disclaimer: Disclaimer: The writer has no positions in the forex markets but does engage in short-term trading of forex and futures.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4 stars on average, based on 56 rated postsI am the founder of VirtuesTrading.com, where traders can learn to use my Virtues Trading System. Formerly a Commodity Trading Advisor, I got my start in the Energy and Precious Metals Options & Futures pits of the New York Mercantile Exchange. I operate on the premise of efficient markets, the management of risk through the analyzation of price action and technical indicators. I have a BA in International Relations from the University of Southern California.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: CAD/PHP

Published

on

The Canadian Dollar/Philippine Peso (CAD/PHP) pair started to look bearish when it generated a lower high of 45.595 in April 2011. The downtrend was confirmed in October 2012 when the pair broke support of 42. This activated the double top reversal pattern on the monthly chart.

// -- Discuss and ask questions in our community on Workplace.

The reversal triggered a selling frenzy that saw the market plummet to as low as 32.625 in January 2016. In about five years, the Canadian Dollar lost over 28% against the Philippine Peso.

At this price level, the pair was flashing reversal signals. A bullish divergence on the RSI can be spotted on the monthly chart. In addition, the monthly candle was a long hammer. This indicates the presence of bulls below 34. These signals attracted bottom fishers to enter the market. Their buying activity ignited a rally that pushed the pair to 42.222 in September 2017.

Interestingly, 42.20 is the 61.8% Fibonacci level. This indicates that this level is a firm resistance. As a result, the rally was met with a strong pullback that sent CAD/PHP down to 38.979 in December 2017. Bulls responded by making 38.979 a higher low. The setup gives us reason to expect that the pair is about to turn bullish soon.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

Technical analysis show that the Canadian Dollar/Philippine Peso pair is positioning to take out the 61.8% Fibonacci level as seen on two emerging patterns. The first one is the inverse head and shoulders pattern on the monthly chart. The second is the symmetrical triangle pattern on the monthly chart. Both reversal structures are conspiring to breach 42.20.

The strategy is to bottom pick the market and buy as close to 40 as possible to maximize returns and minimize risk. As long as the pair stays above 40, it has all the momentum it needs to take out 42.20 and climb to our target of 48.

The process may take more than six months.

Monthly Chart of CAD/PHP

As of this writing, the Canadian Dollar/Philippine Peso pair is trading at 40.557.

Summary of Strategy

Buy: Buy as close to 40 as possible.

Target: 48

Stop: 38.979

 

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.7 stars on average, based on 168 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: Zcash

Published

on

This trade recommendation is setting up quickly and requires prompt attention.

// -- Discuss and ask questions in our community on Workplace.

The ZECUSDT coin price has tested the 3 Day Rolling Pivot Range and held support there. With a clear reversal Hammer candle in place the price could see a strong reversal move. The Daily Pivot Range low is current near term resistance.

This is a good risk reward ratio buy trade. The longer term supports of the Weekly and Monthly Pivot Range set below the current price is a solid sign of upward bias. Additionally,  the Daily Pivot Moving Averages remain turned up which demonstrates continued upward bias.

The action to take is to buy at just above the Daily Pivot Range low on a breakout of this resistance level.  Place your stop loss and profit targets stated below.

// -- Become a yearly Platinum Member and save 69 USD. Click here to change your current membership -- //

Entry Price: 349.50
Stop Loss: 336.50
Profit Targets: First profit target 377.00. Second profit target 390.00. Once price hits first profit target raise the stop loss to breakeven.

Disclaimer: The writer owns Ripple, Litecoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4 stars on average, based on 56 rated postsI am the founder of VirtuesTrading.com, where traders can learn to use my Virtues Trading System. Formerly a Commodity Trading Advisor, I got my start in the Energy and Precious Metals Options & Futures pits of the New York Mercantile Exchange. I operate on the premise of efficient markets, the management of risk through the analyzation of price action and technical indicators. I have a BA in International Relations from the University of Southern California.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending