I have closed my previous trade at 4140. RSI on the hourly plus a look at previous consolodation period was my reasoning behind this. If you continue to short XLM it may make sense but I am just making this update to show what I am doing. Do you agree or disagree? Let me know Have fun trading out there and be careful.
RSI suggests XLM was overbought. I have entered a shirt at 4400 and I expect to close at the 4100 mark where we may see a short revival. Targets are as follows: 1: 4100 2: 4000 3: 3800 From 3800-3900 I will be entering a long again. Disclaimer: This is not trading advice, just what I plan on doing.
EURAUD Timeframe: H4 Direction: Short Cofluences: - Triple Top Resistance - H4 Short Term Trendline Broken - Crossover of 8EMA and 50EMA Trade Suggestion: Entry @ 1.6220 SL: 1.6375 TP1: 1.6013 TP 2:1.5886 Risk : -152 pips Reward: +334 pips Risk/Reward: 1:2.20 May the pips move in our favour! Good luck! :D
This amplifies analysis range from lower to higher time frame, therefore not losing important data. To short look for the time of ranging to sell at a high point, not just at the moment. For example, September 3 & 4 multiple time frame analysis revealed overbought condition in a downtrend market, great sell order!
Expect to see some bullish momentum the coming week! Although intermediate term I expect for us to be bullish, I do believe that we will see new lows mid to long term so don't get too excited and forget about the dangers of how quickly things can go south! *this is not financial advice, simply sharing my opinions and looking for feedback from others. Best of...
Hi All, I don't usually post setups like this on smaller time frames. But I wanted to show an example of a flag pattern that I would typically take a trade on. We can see on Bitcoin a strong impulse move up which forms the pole and tight consolidation occurring within a range to possibly complete the flag. An entry is confirm on a break of the pole. If you are...
XRP behaved as expected. Many people are quick to call tops without calling bottoms as well. Thanks to everyone who send me a message telling me about your profits! I hope everyone continues to make smart trades. If you are holding XRP right now the only smart move to make is to switch to another currency you are positive is going to grow faster than Ripple -...
There is a larger falling wedge pattern on EOSBTC that I've been keeping watching closely. I believe we are near the bottom and targetting a breakout to test the 38.2% Fib from the beginning of the falling wedge. On the smaller time frames, I've been entering into a LONG position on: Double bottom pattern Cup and handle pattern Bull flag pattern I will...
Following basic trends this will be a strong opportunity to short for this coming trading week. No support shows this to be a profitable trade.
We have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern. Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing,...
Keep close attention on EOS. We might be in for a nasty sell-off.While not a perfect pattern, it appears to have triggered a sell trade. With a 5.64 to 1 risk/reward ratio, this is a no-brainer trade for me. Profit target near 7.97 with stops above 10.78. Execute the best trades. Profits will follow. Disclaimer: This is only my opinion, make of it what you...
Looking for a USDJPY long. It has fallen below the 800 EMA and is approaching a strong support zone. 50 pip take profit with a 30 pip stop loss. We're only doing a 50 pip take profit because we are staying clear of the 800 EMA line. We use the 800 EMA as a support/resistance zone and in this scenario it is a strong resistance so we are going to stay away and not...
Looking at a USDCHF short market execution. It is making a double top at the resistance zone. Market execution 60 pip take profit and 40 pip stop loss.
Hi Trading View Family, The Telegram family has definitely grown. We have had 45% increase in members in the last two weeks alone. All of you asking, please understand I do release trades and signals on both long and short term time scales, however, I am highly conservative and do not deal in pump and dumps. I place money in my trades and do not go in blindly....
EUR/USD is forming a bearish Cypher harmonic pattern, the pattern started at 7 May. The model is expected to be completed @1.1945 also EUR trading under EMA 50 Target 1 @1.19000 Target 2 @1.18700 SL @1.19700 Good luck,,, Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
We're looking for a USDJPY long to retrace to the .618 Fibonacci level and bounce back up with the trend.
As you can see on the 4H chart we had a golden cross plus the assending triangle is holding well and we got a small break out , i think price will retest the support line of the triangle as a first support , and the EMA 50 and the 0.236 Ichimoku level before hitting the targets