I did choose this cryptoccurency because chart looks interesting to me.Since December is consolidating around 0.00020000. I see here potential for good risk reward ratio. Pair bounced nicely from mentioned level, we have three soldiers formation on 4H, triple bottom, and GAP on daily chart.
Symmetrical Head and shoulders pattern on Daily, 4H and also on 1H chart. Price bounced from 1.4500 and is going to reach 1.500 in my opinion. I would close position near 1.500 mark. There is clearly visible GAP just below 1.500.
After 4 attempts to move south pair is bouncing back and it's forming nice candle stick patterns (three soldiers on 1h chart.) Area between 1.2460 till 1.2400 is a good place to take long position in my opinion
Hi! In my last idea, I had my followers more than 350 pips, and now there is a fine opportunity to grab between 100 to 130 pips since the market is slow at the moment. Thats probably because of NFP.
Price is forming three descending peaks. You may choose to go first Long and than Short
There might be a reaction on this level buy 1304-1305 SL 1302 TP 1318 or higher if it breaks this level bluntly
Saw this ABCD pattern which might be heading to a Three Drive Pattern after bouncing off the .618 retracement level. I'll keep following this pair, I might go long if the price cross above .76240 but I'm mostly using it as a lab to try a couple new things. First one is using divergence when able. I don't rely on it yet to confirm my ideas, I just try to spot...
If USOIL cross by 47.40 $ then may goes up by 48.80 $ . In down side USOIL goes by 46 $
Compound corrective combination expanded to two ABC's, flat and triangle as a final actionary pattern. Leg Y is comprised of a minimum of two structures of which the first one is ABC and the latter one is a triangle. Buy now sell between 0.027 and 0.028. Triangle as a final pattern predicts a powerful up movement.
The three mountains try highs and then the sell-off quickly.
1.) STOP LOSS AT THE MAX OF THE THREE DRIVE LEVEL.
Two high probability patterns complete at the same zone. Good trading!
Considering my idea on the USDJPY (linked below), the Aussie currency is going for a similar pattern (TDP) to exit the triangle with some momentum. I'd expect a bounce on that support tho.
Crude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse. After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.