Here is my simple USDCAD long entry based off the current 1hr chart.
The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level.
I am looking to add to my current long position on USDCAD that I entered at the beginning of the month.
Profit target 1 is at the...
Ascending triangle is seen with the assistance of the TL. The price has stalled at the current Resistance zone create a triple top. I would like to see the TL broken before placing a short position trade with stops just above this TL.
Took a USDCHF long with a an R:R of 2.1
My reasoning for this trade was the strong rejection of the 78.2 Fibonacci retracement level, as well as the pivot line adjacent with it. To me this shows a possible 1.2.3 move with a the push to the downside now ending resulting in a higher high being formed.
Here we have a key support and resistance level as show by purple arrows ( resistance ) orange arrows ( support ) When price comes to this level it normally fails to break it and price is currently sitting at this level using it at support.
Now look at the previous 4H candle that was formed and closed, it had a long lower shadow ( spike ) that tried to break this...
BREAK AND RETEST
1.WAIT for a 4hr close above resistance zone
2.WAIT for retest back into or close enough to the zone .
3.Wait for some sort of rejection on the 30min or hourly.
4. Wait for price confirmation
The trend is your friend, it makes no sense to trade against it. my analysis is done according to momentum.
stops should be adjusted based...
The pressure is really building now with XRP, both the 7 and 30 day MA's are on the rise. I am looking for a break to the upside and have two targets in mind. T1 is in the 0.35 region, a bounce from this zone heading back down to 0.33 could be a great indicator of bullish momentum, with previous resistance then acting as support. If this plays out then heading up...
Hello all! Months and months of research, views, learning and reading and im finally in a better place for the forex market.
A beautifully executed trade and the power of indicators are truly amazing.
Now an author posted a short over the weekend and i kept a very close eye on this, the bearish divergence which was forming was almost wiped out with the little...
ENJIN Coin has seen 2 significant pumps, the first on 25-26 march and the second 8-10 march following news of their partnership with Samsung on their latest device.
As seen on the chart, ENJBTC has broken below the key resistance level which was 5500-5000 Satoshi to bounce right of this solid support level of approximately 4000 Satoshi.
We believe the pair will...
these are just my thoughts , like you reading its a game BUT if your in bitcoin long term then use long term charts WEEKLY.
the bottoms not in, RSI weekly says we are over bought,
may is the expected halving btc so i think we can dip lower
even so im sticking to this
im jumping in soon, not yet
BTC bull will leave the shit behind, chose wise
Interesting similarities and differences to the previous bear market.
We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)
Perhaps we do the same now and range between 4k and 6k for up to a year(?)
I do envisage we will see 6k...