Hello Traders, ADA/BTC seens to made a Bull Trap on important Resistance level, and the price is already bellow the Resistance, now we have two options for trading this asset, one of them is SHORT position if the price breaks this minimum acumulation to test this important support level, or breaks this resistance and acumulate above this level so we enter at the...
Not really much needed to say on this one. Need to breakout convincingly here or else its another bear flag at key resistance level before heading to the 0.5 FIB thats all.
GBPJPY is approaching some significant levels, this could be an area where it reverses. I will be waiting on looking on smaller time frames like the 4H, to find an opportunity to short.
In this update I have added the efficiency ratio of the Kama average, i.e. the calculation of the signal intensity and underlying volatility and their ratio. Personally I use the threshold of 0.3 to identify if the market is flat (below 0.30 of SG) or in a trend (above 0.30 of ER - Efficiency Ratio). I'll publish ASAP the updated version of Kama with the ER ratio (v1.22)
GBPUSD has had a large drop and has just bounced off a day support it has reacted to twice recently. On 4hr time frame theres a big bullish candle, on 1 hour time frame theres a support forming for a possible head and shoulders. head and shoulders mar or may not complete but still a buy from this level in my opinion. Note: I've made a youtube channel that does...
I really like comparing longs/shorts like this. It's always good to go to bar/candle as well. But this is pretty... I think! @harte_scout
NZDJPY has showed major weakness for months this year, and continuous to plummet . Price has found way back to the weekly ascending trendline and is cornered. Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to...
Lupin is back after completing 5 up waves, now in a reversal zone to next wave to upside. Wait for minor wave 1 to complete or Leading diagonal to complete than look to buy for wave three sharp spike
Shorting USDCHF from the yellow area as that is a supply area on the short (15min) timeframe, as well as the long (4hr, gray area). These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart. Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while....
On the EURUSD we are currently bouncing between the two red 4hr supply and demand areas. As we are currently in a downtrend and in neither an oversold or overbought area, we have a short bias. On the 4hr we are moving into a supply area (yellow) which we didn't trade last week due to the entry being triggered pretty late on friday. This luckily gave us a better...
NZDUSD is still far from any big buy orders (gray area on lower chart) and the short term trend (4hr) is distinctly down. Therefore we have a short bias. We are coming up into a supply area (yellow on 4hr chart) that we didn't quite reach last weak but are probably gonna hit today or tomorrow. Looking very good and with a risk to reward ratio of 1:1, we only...
In the last few days we had a very parabolic move, which is very unnatural. It all reminds of the rally up to $20000. Accordingly, I would watch out for the euphoria that currently prevails. Because the game could change very quickly in Bitcoin in the other direction. The critical area I have marked serves as a very large resistance. Until now, it has proved to...
Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN...
I precise that the correction can come later, so the long entrance will be upper.
EURUSD after the breakout strong support level at 1.1700 went lower to 1.1570 and backed near 1.1700 where is now large sell area. After this, price slightly increased last low and back to sell area at 1.1660-1.1700. Looking for a higher timeframe charts EURUSD looks like it will continue fall. Also looking for a political and economic events in USA we are...
Res1 - 3 time strong Res2 - 2 time strong _________________ Sup1 - 4 time strong Sup2 - 2 time strong My prediction is next time NZDUSD pair trend will hit Support area level 1! So Sell when you will see Strong Sell signal... ______________________ Check my other ideas too Thanks!
it is third opportunity to go long with gold in a buy trend. i am in long trade with xauusd because following trend is best way to take chance for money.