Bitcoin has been up the past few days, but for how long?
Our simple tool shows us that the bulls are in fact making a good run and show no signs of slowing down.
A break at 9072 could be huge for Bitcoin!
Let's see what it can do :)
Indicator we used is called the big three indicator. It uses three specific moving averages and plots out on your chart when they...
Triangles are Powerful, most traders can agree on that...
This EURUSD M30 chart is a textbook triangle formation.
If it breaks above, your a buyer
If it breaks below, your a seller
Wait for a Break, Hook, and make your entry!
Thanks everyone, have a great week and let us know below if you are a triangle trader as well :)
We see here that the price action continues to move up.
With the confirmation withe the Big Three indicator if it says green and we see a fractal breakout here then we suggest you go long here.
We will update this trade idea with potential targets if it triggers.
Let us know if you have any input on this!
There is a lot to unpack here.
First, we see that this pennant pattern is soon to break to the upside.
Next, we see that there is divergence occurring with the RSI indicator and the Price action.
We would say go long here right around 0.7176 once this price action breaks these levels or resistance.
Let us know what you think!
Our RSI 80-20 Strategy triggered a trade. Below are the rules of the strategy:
Step One: Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade)
Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80 or...
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages (completely below all three indicators)
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
EURUSD continues its upward climb. If we see that that price action hits this trend line and breaks it then this would be a great time to sell.
The RSI and price action has shown us divergence so it's only a matter of time before this currency pair will reverse. When it does, you are going to want to get in on it.
Let us know if you have any thoughts,...
Our strategy has three simple steps which are:
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
**Broke below the...
Another update on this trade idea.
We are following these rules of this strategy:
Step One : Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade)
Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80...
The AUDCHF is prime for a reversal. The set-up is ready we just need to see a bullish upward movement here to trigger an entry.
We have a pending order set at 74.100
The R:R is a 1 Risk to 3 Reward.
If this continues downward we will move our pending order. We will keep this trade idea updated.
There is a strong reversal occuring on the GBPAUD pair.
Follow the simple 5 steps of the strategy. We marked each area of the strategy on the chart as it happened. This strategy is a great way to identify reversal trades on any time frame.
