USDSGD is ready to reverse. After breaking support, the price made a false break and is ready to bounce back again. A reversal is highly to continue, possible huge profit.
Confluence factors: -Major down trend -Fibo 38.1 and resistance zone retest -50 EMA Retest -Elliot Waves -Flag retracement pattern after impulse ONLY OPEN THE TRADE IF AN ENGULFING BEARISH BAR APPEARS IN THE CONFLUENCE ZONE
Confluence factors: -Flag pattern retracement -Possible 38.1 fibo retest -Possible support/resistance zone retest MUST READ: This is a highly risk possible trade considering that we are going against the trend. Even though, if you manage your risk wisely you can trade this potential trade with no problems.
Considering the divergence, the way the price is moving (more like correction than a strong impulse bullinsh move), the current downtrend (daily timeframe) and the channel/support resistance zone, this could be a potential short trade. ONLY TRADE IT IF YOU SEE AN ENGULFING BEARISH BAR then the price test the confluence level.
Trendline breakout, a good opportunity to go short. Good luck.
We lost support at the move that brought us to the most recent high. I predict we go down a bit from here.
Here was my long entry for BTC.
JPY/USD 2H CHART SE ESPERA UN ALZA EN LAS PRÓXIMAS HORAS, SE ESPERA QUE EL ALZA SIGA LA DIRECCIÓN DE LA FLECHAS.
Big 3 Continuation Strategy found bearish trade 6 hours ago First thing for the Big Three Trading Strategy: Apply Indicators to Chart Apply all of the three moving averages to your chart - 20 - 40 - 80 sma You can make them green, blue, red, pink, etc… The color is just your personal preference. Again these are 20, 40, 80-period Simple moving averages. These...
Step #1: Identify at least two Darvas boxes that are on top of each other The first trading rule is to let the market develop at least two Darvas Boxes. Basically, the two Darvas boxes are showing that the market is starting to move in steps to the downside. So at this point, the market also should be making lower highs followed by lower lows, which is the basic...
EOS/USD show us good short-call to the 6$. Two similar pennants with calculations in Fibonacci lvls.
XMR/USD Be careful, see at zone of 250$. First must hit 260$. Target 300$ (~20% profit from now)
Wait for confirmation Head&Shoulders(breakout the neck).
TRADE PARAMETERS Pick Date : 03/21/18 Entry : 0.9980 Stop : 0.9960 Target : 0.0180 TRADE STRATEGY Income Type : Swing ENTRY 0.9980 is a newly formed 2H demand zone on zone. Will be doing a set and forget limit order. Price will need to have a strong move into the zone. STOP 0.9960 is 20PIPs right outside of the low for some protection TARGET 0.0180 is...
BTCUSD (2hr) The formation of the double top, and thus we form a falling wedge Now expect falling in the wedge to the 77.60-88.60 lvls Fibonacci - 7-6500