This is my first trade idea based on confirmatory indicators seeing Eliot Wave completion and potential to break out higher after a retest, so guide entry is 0.65278 with potential to ride to initial tp1 0.65666 and then tp2 0.66666. MACD, SAR and Stochastic all pointing upwards. Wait for opening candle completion e.g. 1 hr to cater for early day movements and...
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Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!?
Watch todays youtube video for more information on this chart!
EURUSD is about to talk to us really loudly. Lets see what its got to say. As it seems now its in the downside and its making a bigger pattern on the daily timeframe, and on the weekly trendline. That means, something big is about to happen.
Please be very careful with this trade. I don't see anymore potential in the downside part of this trade....
IF PRICE REACHES GREEN= BUY
IF PRICE REACHES RED= SELL
Triangle forming in the BTC/USD price, much like the other one the other day (which would've been a very successful trade as predicted)
However this one is spending alot of time in the lower half of the triangle, suggesting it should break out lower. However it could break out either way. I'm guessing it...
I'm looking at this pair thinking a reversal in on the way so i'm going for a Sell Limit and sell stop when sending the market is closed so you may need to to do a sell at market.
No Stop loss sent see picture or do your own
I think the chart shows it all here.
We have a longer term trendline acting as support and a clear trendline break upwards complete with a nice pullback for a good looking long entry.
The only thing the chart doesn't show is why I've set the exit point to where I have... My exit is sitting just below the 200EMA.
Gold has recently rallied and been consolidating for the last few months.
Seems the consolidation within the 2hr chart shows to myself a head and shoulder inverse to continue the price to target daily highs near 1550.
A breakout of 1516 would be ideal to see buyers taking action from this pattern.