Price action and chart pattern trading setup > Bullish Flag breakout - entry at pullback support closest to the breakout point - just above SMA20 avoid chasing price > 1st target at 0.5 retracement zone and 2nd target at 0.786 Fibonacci retracement of 3rd wave position. > Stop zone at the low point of breakout candlestick > Risk reward ratio at 2:1 for medium term...
Gold is in the accumulation area... It's clear the the down move is lacking volume unless if it's at the bottom of the area which indicates the aggressive buying activities, we expect to see price reaching 1955....
During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of...
I will make quick, the larger view on this assets will be develop in the LDTP update that I will do next, so follow me to be notified when it will come out. On this setup, I already took position on the first signal, more complexe and on scalping session I didn't had time to post it. So with this second signal it's another opportunity that I see. The pattern is...
Swing Trade Buy VIMTALABS above 363 T1: 363 T2: 394 Strict SL: 310 (Daily Closing Basis) Detailed Levels marked on chart
We see an Elliott structure. We take a long position within the specified demand zone.
Weekly: Rejection off from W15MA level Price rejection off from Resistance zone Weekly Candle Closure: Long wick rejection Daily: Price rejection off from D50EMA level Strong bearish push to the downside 4hrs: EMA crossover Bearish flag forming 1hrs: waiting for one more push to the upside with a 1hr bearish rejection candle closure
As mentioned yesterday, BTC made a retest on my short term trend line and taking the fake out in to account as well is now making a double touch on my short term trend line. I would like to see BTC respect my short term trend line and keep pushing upwards towards the next major resistance level around 48k, before making a break out to the top side of the wedge.
BINANCE:YFIBTC I think yfibtc is more technical than yfiusdt This is my idea. DYOR;)
Looking for these levels for target green light, consolidation 2022 base support, and invalidation.
Hi guys, 👋🏽 📌from a technical point of view, such a move can be imagined. * But given the risks involved, be sure to follow capital management.* ❌This is just a personal opinion And there is no financial advice.❌
After broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order. If the price show reversal pattern (can be pin bar or engulfing candlestick) in the...
EUR/USD has been bearish for months now. Price broke out of recently created support on the daily chart which is around 1.118 a while ago. Price, moving in a corrective manner, has retested this previous support and has used it as a resistance as we saw strong rejections. Price has also formed a bearish continuation pattern. We should look to enter on any...
USD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart. Price has now formed another pennant on the 1H chart. Price showed strong rejections off the previous support with a bearish engulfing pattern The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be...
Hello traders! For my opinion this pair is buy in these levels : Target : Buy 1.1285 Target : Buy 1.1360 Don`t forget to look the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
The flat correction with WXYXZ as wave B COMPLETED and Wave C is starting . Tell me what do you think ?
It is positive on the bottom of the descending channel with a hidden divergence The trigger line is also activated
Good start to the new month for BTC making a fake out on my short term trend line before making a nice bullish push. Here is what I am looking out for next: 1) A retest on my short term trend line before continuing bullish towards the next major resistance level around 48k. 2) A wick fill on the 4h and move upwards towards the 47,2k level before continuing the...