BTCUSD is also in a downward move since the 11-June high with consolidating prices fluctuating with Lower High's and High Low's.
Resistance zone: $2600-2650
Support zone: $2300-2350
Should BTCUSD sink further, then I will look for a next support level around the $2150 mark.
Will I buy then? hmmm not sure... yet. Let's see when we get closer till the 1st August...
ETHUSD resumes it's downward movement from 11-June-2017
Resistance zone : $200-230
Support zone : $150-160
Current trend : Lower-Highs (LH) and Lower-Lows (LL)
Short-Term Trend : Downwards
Long-Term Trend : Upwards
Gold is continuing it's downwards trend with Lower High's and Higher Low's
Resistance-zone : $1250-1300
Support zone : $1125-1210
Major resistance: 1370
Major support: $1050
At the 240M the second shoulder is about to form. Looks like price will form a candlestick pattern on the 240M which is a Double Top on the 60M.
Shorting the second shoulder for a "neck break"
Going long in support until the rebound to the neck then
Short trend continuation
Just sold AUD/USD into the direction of the underlying downtrend.
- Price is currently trading at a major downtrend line
- Price continuously trades lower. Indicated by red & pink support lines
- 240H shows kind of triple top + Candlestick pattern
After the break out of the low prices one may plan to bet on a continuation of the dollar weakening. I would love to see a 38.2% retracement into this nice resistance area in order to hop up a continuation trade
On the break of the downtrend line I am pretty comfortable in taking partial profits on the BatPattern completion. Hedging for a short day trade and then building again for the upside.
Trading plan is important but I also believe in active trade management!
Waiting to get long Crude at a cheap level for some time. Price didn´t yet made it into my entry area around 45$.
Recently price showed 2 technical signs of short-term downtrend which made me confident to see lower prices. 1) break of uptrend line and 2) break of last swing low.
Looking for price to hit 45$ before rally may continues toward 60`s
Significant rally into the next resistance (red) provides a short opportunity around 50 to 70 pips
Price may consolidate and then continue rally or continue underlying downtrend. Either way, chances are good to chase the new 240M high that is likely to form in the red zone for another 50 to 70 pips
No matter where the market is going? With a multiple Strategy System you can create opportunity in almost any market condition.
Here, red short ABCD and orange long Gartley to name only 2 of the upcoming opportunities.
My preferred package is mid-term trend-following + short-term anti-trend + Simple & Advanced Price Pattern. ROI +/- 200 pips p.a. and per FX pair,...
Preferred scenario for the summer:
USD/JPY did not made into the major support area 107 - 106´s. JPY could still show strength against the US dollar, hence I gave it a first split entry at resistance to chase the 107 low prices. However, new low prices often only come after a some kind of ABCD correction. I am typically planning a second entry on D somewhere...
As advised 23/03. breakout out of Feb low price resulted in a sell of right towards the massive support area 107 - 106. Only 1/2 position invested as price never retraced to the 2nd entry. Prepared to take of position at 107.5 and look for long short term entries.
Another +250 Pips potentially to be earned on the pullback out of the above mentioned support area
Already short on trend following set up
Looking to take trade Cypher tomorrow. I am not a hughe fan of Limit orders during the asian session... What about your opinion on trading the Asian session by limit orders?