Expect some retracement, in a small Head and shoulders at the top of last days swing.
In my opinion EURUSD is overextended to the upside. I have been waiting for this move to stop out a majority of traders with close stops. However It would not surprise me if price lingers in this area for a couple days. To me, the probability these prices are temporary is worth the risk. Stoploss has solid conviction behind the high of the shoulder; 1.18820....
Hello All! Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow): If yellow wave is successful, it'll finalize the creation of major purple project. Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
This week very hard for me. I stop this trade because it not going down as planned. I sell because of it break trend line and lower low setup.
This chart emphasizes the power of double tops and double bottoms and then how market reversal works, second, how it is important to adjust your stop loss according to the market trend, there were two false breakouts upon the two resistance levels with massive lower bearish candles, this is why you should either exit before the resistance price level or take some...
The general alt context is the one of a very strong correction. Some major cryptos broke (yet) historical support levels, LTCBTC -4.43% just broke the 0.010 line that supported the price since may. It confirms the Triple top pattern. The trade has, seen the context and the major break, an high probability of success. We well use the maximal amount of money...
buy@1,1809 stop-loss 1,1779.
BITFINEX:BTCUSD Over the past week BTC seems to have been developing a few interesting trends and based on the current chart with a one day time-frame I want to discuss one of the most evident patterns that will be familiar to most and probably new to some. In this case, we'll be talking about the triangle breakout which I believe to be in play at the moment,...
The reason I am shorting the EURGBP are listed below: 1) There has been a very strong resistance line dating back to June with 5 attempts to the upside and only breaking it twice but it has been a zone that is not easy to break. 2) The pair has been in a strong downtrend since early September and I believe it is now in an area of consolidation. 3) Taking the...
I'd set my stop somewhere in this range. The previous low was do to a panic in the market and I'd much rather be stopped out then be holding at that point.
The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities: 1. Direct long positioning and stop loss under the support area 2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under...
Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again. Good luck Litecoin longs!
FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643 Tomorrow will be an interesting day as...
TPs Displayed on the chart STOPS above X *Trade at your own discretion
CoinBase:ETHUSD charts are now forever messed up because of the CoinBase/GDAX feed and the ETH "liquidity" / processing delays of today, June 21, that led to this event. I wonder how many ETH panic sellers CoinBase/GDAX screwed-over as Bids dried up or were pulled, and who was the genius who left a Good-til-Cancel Limit Buy Order at US$13 on GDAX, for what...