Connect with us

Recommendations

Trade Recommendation: GBPJPY

Published

on

The price bounces from the support zone formed by the uptrend line and 148.00 support level. RSI confirms price reversal. MACD is going to support upward movement and DMI allows opening long trades. We have buy opportunity. Pending order can be placed above the previous high at 149.50 level. Stop orders should be below the local swing low at 147.80 level. Profit target are 152.70 and 159.80 levels. Don’t risk more than 3% from your deposit in this trade.

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

Market: GBPJPY
Buy: 149.50
Stop: 147.80
Profit Targets: 152.70 and 159.80

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...

3.3 stars on average, based on 43 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?

1 Comment

1 Comment

  1. discotristo

    October 20, 2017 at 6:27 pm

    Thanks for that 🙂

You must be logged in to post a comment Login

Leave a Reply

Recommendations

Trade Recommendation: Simple Token

Published

on

The Simple Token/Bitcoin (OST/BTC) market exhausted its bullishness on January 11, 2018 when it failed to close above 0.00009 resistance. While the pair attempted to breach that resistance level on January 12 and 13, bears kept them at bay. Finally on January 14, the market broke below 0.000064 support, and that sealed the downtrend.

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

Although the OST/BTC pair bounced and went as high as 0.0000695 on January 20, bears have extended their territory to 0.000064. As the rally was met with selling pressure, it gradually declined until it went as low as 0.00002692 on February 6. This dip is your opportunity to enter near a firm support level.  

Technical analysis show that the Simple Token/Bitcoin pair is respecting critical support at 0.000027. When the market touched this level on February 6, bulls came to defend it, and sent it as high as 0.00004990 with heavy volume. The market has retreated since, but volume has been thin for the last six trading days. This indicates that sellers are losing interest to dump positions at this level.

The strategy is to buy as close to 0.000025 as possible. Once bulls successfully retests this support level, the market will likely hit our target of 0.000064. The process may take about a month.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Daily Chart of Simple Token/Bitcoin on Binance

As of this writing, the Simple Token/Bitcoin pair is trading at 0.00002707 on Binance.

 

Disclaimer: The writer owns bitcoin, 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...

4.2 stars on average, based on 59 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: Bitcoin Gold

Published

on

The Bitcoin Gold/Bitcoin (BTG/BTC) market lost its bullish momentum on November 21, 2017 when it generated a lower high of 0.065. As market participants noticed that the pair has ran out of steam, a selling frenzy was triggered. On December 5, the pair broke below support of 0.025.

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

The BTG/BTC pair nosedived as selling pressure increased. However, the market needed only three days after going below 0.025 to bottom out at 0.011551 on December 8. Having lost over 82% of its value in about two weeks, the market quickly rallied. Bottom pickers pushed the price to as high as 0.029 on December 20. The rapid increase inspired a round of profit taking, which forced the market down to support of 0.0115.

Technical analysis show that the Bitcoin Gold/Bitcoin pair is consolidating while trading between the range of 0.0115 – 0.025. During this period, participants accumulated positions at an optimal price point, which is usually at the bottom of the downtrend. The ones who buy the bottom are likely the same people selling the top. As the range has been determined, you can join these participants to generate profitable trades.

The strategy is to buy as close to 0.0115 as possible and sell as close to 0.025 resistance. This process may take less than a month. You can deploy the same play again and again until the market takes out 0.025 resistance.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Daily Chart of Bitcoin Gold/Bitcoin on Binance

As of this writing, the Bitcoin Gold/Bitcoin pair is trading at 0.01183 on Binance.

 

 

Disclaimer: The writer owns bitcoin, 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...

4.2 stars on average, based on 59 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: EURAUD

Published

on

The bias has turned to the downside for the short term with the price trading below the Daily Pivot Range (blue dots), as well as the 3 Day Rolling Pivot Range (RPR, green dots). These levels provide the near term key resistance range.

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

With the Daily Pivot Moving Averages (red,yellow, white lines) turning downward this is further confirmation of the bearish bias. We need to see further confirmation with the price trading below the current swing low of 1.56518.

The action to take is to place a sell stop entry order to enter the market short as the price breaks below the recent low. Place the stop loss just above the swing high level at the Daily Pivot Range low.

Note: If triggered, look for the trade to play out over a period of 24-36 hours and if no significant move after 3 hours, exit the trade.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Entry Price: 1.5651
Stop Loss: 1.5697
Profit Targets: Grab some quick profits at the First profit target 1.5610. Second profit target is 1.5556. Once first profit target is reached, bring stop loss to breakeven, then trail a stop loss on remaining position 15-20 pips behind to safeguard profits or 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.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.9 stars on average, based on 18 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