Key levels stands at 4301- 4396-4461
Index seems to resist a break below 4350. The region under shade is crucial for bullish/sideways stance to continue. A break below which can index see under heavy selling pressure
Three levels and a zone are crystal clear in the picture.
A short option is available here.
In case of breaking under the 1923.100 another short trade might be considered.
If we see a change in direction breaking 1940.00 over could be sign of a bullish option.
Potential Head & Shoulders in play on BTC so watch out
We could be looking at dropping down to $21k this week with a head & shoulders forming. IT would make about sense with that heading back to the CME gap along with an unfilled weekly pivot.
TRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 0.70650
STOP LOSS: 0.71250
TAKE PROFIT: 0.70050
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 152.930
STOP LOSS: 154.150
TAKE PROFIT: 151.720
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.24360
STOP LOSS: 1.24940
TAKE PROFIT: 1.23790
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.36410
STOP LOSS: 1.36930
TAKE PROFIT: 1.35880
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: BUY LIMIT
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 1.23970
STOP LOSS: 1.23500
TAKE PROFIT: 1.24420
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.16430
STOP LOSS: 1.16985
TAKE PROFIT: 1.15880
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
TRADE TYPE: BUY LIMIT (PENDING MARKET ORDER)
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 1.37575
STOP LOSS: 1.36900
TAKE PROFIT: 1.38255
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
There is no doubt that EURUSD is trending lower, however it is completely in an oversold territory as the 4H RSI is indicating bullish divergence. Therefore this pair can be said to be in a consolidation phase. For this trade criteria to be met, the trendline needs to breached, after which the weekly pivots should be evaluated and a long trade can be placed...
A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the...
There might be a possibility of the current descending trendline break on 4H charts, which if happens the price might move to the swing high at WEEKLY R1 pivot. Shall the trendline break, it is advisable to assess the RR and if feasible a LONG entry can be taken.
Shall the criteria meet, i will update the entry details in this thread
A possible swing trade might be developing next week on 4H EURUSD chart. a break of 4h EMA and trendline might target the above trendline that lies in the 1.17900 region. in that region other confluence factors lie as well: the D EMA and M pivot.
shall the criteria meet i shall update the entry requirement in the thread below
The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it:
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied...
we have developing weekly pivot around 2k lower than current price. over 90% of the time when price opens far from new central pivots on daily weekly and monthly levels... price sees a reversion to those levels. that does not mean it happens from here exactly. and price action before weekly close can both raise or lower where that level is on the close. just...
2020's bullish run into 2021 has most defintely surprised us all, but is it time for a potential reversal once we've exhausted the 150. level?
- I'm personally bearish once liquidity has been snatched between 150-150,500 where retail stops will be on last week's short sellers.
-A very interesting week or two coming for this pair I feel, has the mood changed?...
camarilla + cpr. target target daily h3 and developing weekly pivot to be formed on Sunday close. Stop loss daily H4.
Correction will still happen. so if it does break during today the best idea would be to re enter on developed weekly H3 once formed. Or buy on the developing character.
