Here is a nice simple day trade set up using my day trading strategy that I sometimes use. It relies on a few technical indicators and the ability to spot the current trend.
Trend = Bullish
Price = Above 50ema
Price Rejecting Daily Pivot Level
I cover the full set up and teach you how to spot these trade in my trading strategy guide that you can buy online now...
This is an example of a perfect day trade taken based on my day trading strategy.
- Multiple confluences and rules all confirmed
- Reward:Risk ratio is over 2:1
- Quick Profit
- Minimal Drawdown
You can find my day trading strategy on my blog or buy it from the amazon book store now. Links are below.
WELCOME all you guys, XUANHAIMMOER come back with analysis for Bitcoin using Elliot Wave Strategy and Logical target that I have been researched.
So for encouraging me please leave a LIKE if you can get a huge value and learning from this analysis post.
Actually it is very long and long for explain detail about this one but you can zoom the chart for each...
Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:
- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout
- Gold price...
Recently we posted our Cable analysis
The weekly chart clearly shows a better picture
Fib levels on the channel are correlating and can be useful
though many traders dought using a FIB in this way , it can be helpful as you can see levels here are holding
Use the FIB extension for further targets and pivots
if we break above $5000 and go test the previous low then we could see BITCOIN test higher levels.
if we stay below previous low then would could to the other alternate playout.
waiting to see with more data when it comes out.