We are starting a challenge that has been back tested extensively, Over the past 6 months this strategy has a 100% strike rate, For this challenge you need £100 in a separate account to your normal trading account.
We will send out 3-5 pending orders a day, orders will be sent around 9pm UK time, All lot sizes will be stated along with TPs so all you do is copy...
Entry criteria: Do not enter if the price breaks the selling area. Wait for a reversal to enter.
Exit criteria: When the price hits target 1 put SL to breakeven. If price breaks target 1 area with momentum then TP at target 2.
Trade at your own risk.
If we push down to the D completion zone then there's a potential Gartley pattern for a long position. I need price action to push slightly below the official D point, so I can have a Risk/Reward ratio of 1:1, otherwise it'd be inverse and that'd invalidate the trade for me. In the CD leg of the pattern, there could be an AB=CD equal-measured move forming.
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to...
Vertigo, Interrupted ...
It flashed, it fell, sort of.
Patterns are the thing.
Here's a snapshot of the previous price range flash mini crashes.
Waiting to see if the current one "falls" into one, or, being BTC, does its own thing anyways ^^
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before...
This is a really important area of resistance for BTC. The .50 fib is typically a best to overcome (though I don't doubt Bitcoins ability to smash through resistance). Consolidation needs to come at some points with profit taking. I think it's now.
With everything up (stocks, commodities, crypto), people may be derisking their portfolios very broadly and I'd...
This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%
Here we can see heavy resistance around the 110.400 region. I personally entered short positions on this after seeing the exhaustion presented to us on the H1 time frame around 7pm - 1am here in London. A much safer entrance would have been at the closure of 2am H4 candle as you may notice the shooting star formation emerging. With my riskier entry I did however...