STE Indicator shows Long Green Column Signal.
STE Indicator shows Long Green Column Crossover.
STE Indicator shows Entry Signal.
STE Indicator shows Stop Loss Signal.
STE Indicator shows Take Profit Signal.
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Quasimodo Pattern Trading Rules
The Quasimodo trading rules for sell signals can be summarized as follow:
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Entry Option #1 - Place a sell order near the right shoulder.
Entry Option #2 - The 50% - 61.8% Fibonacci...
ORB Nr4 BREAKOUT STRATEGY
1 - Find 4th bar smaller than previous 3 days
2 - Mark High/Low of 4th Day
3 - Switch to 1H chart
4 - Buy Breakout during 1st 5 hours of 5th day
5 - SL below 4th day low
6 - TP at close of 1st 1H bearish candle
The bear flag formation is underlined from a strong move down, followed by a consolidation channel & a significant decrease in volume within the channel range as shown. I believe XRP could see another drop to around the 0.4 range within the next few days.
Price reached 61.8 & 78.6 retracement zone and took an entry expecting the chart to play out with the fib extensions aligning with resistance and previous daily highs.
These highs need to be wiped out before we move lower where a double top structure or similar would confirm this, that would be next week potentially unless we stick with the bullishness.
I have analysed a potential Double Bottom setup on the NZD/USD 1 Hour chart. I have setup a long position which I will take if the market follows the appropriate setup. The trade has a reward of 16.75% and a risk of 3.03%. Risk reward is 1 : 5.5.
I am newer to trading and am still learning so would appreciate and feedback on this analysis.
Price currently moving up along a trend line that is also the 20EMA and mid Bollinger Band. Reaching a squeeze point between the Daily R1 and 75 Fib and upper Bollinger Band. Expecting price break to the upside to the daily R3 which is also the weekly R2 and psychological 0.9980 (just below 1.00).
Watch for a break of the trendline to the downside...