ASAD_G47

ASAD_G47

On 4 h scale Head n Shoulder pattern appearing ; however, I do not see any divergence on RSI. Therefore, it is not likely to reverse; But anyway I wanted to show Head and shoulder pattern therefore, I have drawn the pattern and mentioned the entry, Stop loss and TP, but not going to take the SHORT trade. Just sharing for education purpose.

ASAD_G47

Looking at the chart on 23 April, one can see bullish divergence and double bottom pattern appearing. Therefore, if one could have taken entry after waiting for confirmation once Neckline is broken. Stop loss will be double bottom line, while TP1 and TP2 will be equal distance measured from double bottom line to neck line as depicted on chart.

ASAD_G47

After drawing Support and Resistance lines at 30 min timeframe, switch back to 15 min timeframe to take LONG and SHORT trades. LONG Trade: Enter just above R2 with S/L just below R1. Set TPs as per Risk / Reward ratio. SHORT trade: Enter just below S2 with S/L just above S1. Set TPs as per risk / reward ratio. Values of trade I'm taking are mentioned on the Chart.

ASAD_G47

In 15 minutes scale looks like sideways trend. Therefore, drawn Support and Resistance Lines at 30 minutes time frame. Accordingly both LONG and SHORT trades are in order. While keeping the Risk/Reward at 1% and 2% two trades each in LONG and SHORT can be taken.

ASAD_G47

SOL/USDT is overall in a Bearish trend over 1 Day time frame. However, in 1 Hr time frame it tends to hint at sideways trend i.e. not very bullish nor Bearish. Therefore, Using Support and resistance line we can take trade in both directions. Support and Resistance Levels are defined on the chart. Therefore, for SHORT trade, one can enter the trade just below S2...

ASAD_G47

On 1 Hr time frame sideways trend is prevailing. After drawing Support and resistance lines, since we cannot be sure where trend will ping-pong therefore, both LONG and SHORT types of Trades are in order. Trading LONG : Through "Buy Stop" taking entry just above Support Level 2 and keeping Stop Loss just below Support Level 1. Setting TP as per Risk/Reward Ratio...

ASAD_G47 Updated 

Looks like bearish trend is continuing over 1 day timeframe. So taking SHORT trade is in order. Values are mentioned on the chart.

ASAD_G47

For Taking trade in 1 Hour time frame, first select 4 hour time frame and then select Line chart instead of Candle Stick Chart. Change Properties of Line Chart for Price Source as High. Then mark red coloured horizontal lines at peaks for Resistance Levels 1, 2 and 3 and Label them as R1, R2, R3. Then again change Price source to Low and then mark green coloured...

ASAD_G47

It is observed that Bull run is continuing over the Daily time frame. One can safely take Long trade on daily time frame or can take a few SHORT trades followed by LONG trades. Therefore, I'll recommend taking entry by placing Limit Buy Order at Fib 0.38 . Keep risk 1% and set TPs accordingly. My traded prices are mentioned on the price chart. Happy Trading.

ASAD_G47 Updated 

Once price chart retraces, take entry at 0.38 Fib level. Keeping S/L at previous HL and T/P at 1% Risk/Reward.

ASAD_G47

AUS200 - Bullish Trend on Daily time Frame Analyzing previous data, one can see that after making HH, trend retraces to Fib 0.38 always and Fib 0.5 most of the time and Fib 0.61 occasionally. Moreover, bullish trend continues for 10 to 12 days and then re-traces for 3 to 5 days. And then again it resumes its upward trend. Therefore, two types of trades can be...

ASAD_G47

SHORT trade is in order. Trend lines on RSI-14 and CandleStick chart are augmenting each other towards Bearish trend establishment. Therefore, place entry as per Fibonacci retracement at 0.38 for entry. S/L should be previous LH. Set TP as per risk/reward ratio of 1%.

ASAD_G47

Bearish Trend Line on chart and RSI-14 are in same direction, indicating continuation of trend. So SHORT trade is in order.

ASAD_G47

Both Bearish Trend Line and RSI-14 trend line are augmenting each other suggesting that it is likely to go continue in bearish trend for next few hours. A SHORT trade is in order through Sell Limit Order.

ASAD_G47

On 1 hr scale, Bearish engulf is seen which is giving impression as if bearish trend will persist. Time to take SHORT Trade.

ASAD_G47

On 1 Hr candle, Bearish engulfing candle is seen indicating likely to overtake bullish resistance to continue in longer Bearish trend. Time to take SHORT trade.

ASAD_G47

Tweezer Top indicates reversal of trend to Bearish. SHORT Trade is on. Buy from Market and then adjust S/L and T/Ps. Keeping risk to 1%

ASAD_G47

Due to presence of Bullish engulf, wait till candle closes on high. Take entry for Long on Market order. Set S/L on previous LL. Set TP as per the calculation on 2% Risk Reward ratio.