Rally up to 2day VWAP, fail and short on the way down below 1day VWAP. around 31.47 level.
So Monthly/Weekly/Daily/4h, they ALL have downtrend congruence in their structure. It's beautiful, but...Price has impulsed up very strongly from that blue potential supply zone on 2 occasions and even now it could be pushing up. We also see that it is slowing up at this equidistant channel resistance and there is rejection expressed from the previous 4h candle....
The system alerted me to long. I will do as the system says... Always.... I will get out when the system tells me to... Always... Ribbon is still red so not sure if this long will work out however i will never doubt my system. - Andres Link to my free trend trading system indicator:
I simply followed my strategy and entered a short position @ 0.0004294 and plan on keeping this position until the upper donchian line breaks. At this moment the upper donchian is @ 0.0003915 and the channel will become slimmer as time passes. KEEP IT SIMPLE. - Andres
This is a short term trade in EURAUD , after breaking the ascending trendline , we believe that momentum would likely continue to the downside, therefore we will be sellers if price moves to the 1.61484 level.
Last post: March 20th 2018. See chart . Review: Price was in a larger degree period of consolidation. Update: Price remains in consolidation. Conclusion: We may see price come down to the 200 simple moving average where it may find support. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!...
Overall move is still bearish. But what we're looking at right here with this mini trendline is confirmation of a continuation to the downside. I only see two possible areas where it can still bounce up before rolling back down as a swing trade. I looks like a possible double bottom formation could happen to create the bottom of a bearish harmonic, then...
MMA Trend Trading
USDCAD heading to the bottom of descending channel.Price already retested highs ( 1.34596) of the descending channel.OIL also going up helping CAD to become stronger.
BTC gets closer to a new decisive moment. Have a look on this Weekly chart analysis.
Hi Traders, The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern. . The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance. . We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will...
Why is this setup good? -Contextual uptrend -Price continues moving in the direction of main trend since it bounced at longterm support EMA (200) -Momentum building on MACD 12-26 -First reaction (contraction) since MACD crossover -Trigger Candle testing EMA 3, 6, 18, 50 -Good Risk-Reward ratio ~ 5.15 Entry rules: -Buy Stop order or Manual Buy at 57.89 at...
My jungle strategy is set in place, I would wait for the break for confirmation of the continuation of the buy.
So it's been a little while since I shared a scan with everyone, so here it is. Apologies for the absence, here's my view on the top ten crypto market cap. I'll be sitting on my hands until further notice at the moment. Enjoy :)
I take you through a few trades that I had taken and the results of both of them. I also have some exciting news to share with you all. My trading mentor has chosen me to be one of his lucky 4 new apprentices. So I'll be making content every week for him to be added to his website www.tradercobb.com - check it out. Anyway, I hope you all enjoyed this video. Peace.
I take you through what I'm seeing in the top 10 for today and specifically what I'm seeing on ripple. It seems we are now in a period of waiting to see which way the market wants to go. Will we see it continue to the upside with a flurry of buying, or will we see the bears regain control? I hope you enjoy my video, Peace.
I take you through specifically what I'm seeing on the ETHUSD 8 hour chart. We have an uptrending chart coupled with MACD convergence. I'm looking for a continuation of trend here, and seeing if I can find any entries. The price has passed through the 61.8% fib level, but we do have a double cluster around that range. What I'm looking to see is if we have a...