Thanks to the Bullish 1hr candle, I see this pair going long. Price action has broken past 1.295 and i am incline to believe this will now turn to support and stated in the diagram. American war uncertainty > Brexit 1.32000 TP - Nice psychology number which has seen a lot of price action recently. Long position diagram shows when I have enter this trade and my...
Based on Dow Theory analysis and my own studying of how the bottoms are formed AND the sentiment of the r/ethtrader community (which is by far the easiest way to gauge sentiment of the majority of ETH userbase) I believe that we are nearing another local (or global) bottom, and I expect the price to shoot up at least $80+ upwards from one of these levels (they...
EMA Crossing on 4hr TF, but even so, I'm awaiting daily candle close confirmation near the 'Spring' area in order to move in and hopefully profit at the .50% fib. mark. Breakdown: 1. Touching Daily long-term trend Support Area & at Ascending Support; 2. Within Upward Channel 3. EMA crossing (4hr) 4. Appears to be a change in Polarity PS: If it goes past...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright so to me this pair seems a bit unstable. As in there is no clear trend going on here, but sometimes on the smaller one-hour time frames we can...
In my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time...