PinkBeardLevelTrading

PinkBeardLevelTrading

In line with daily structure continuing to be bullish, price continues to decline down to our entry level. Target is recent high (liquidity). Look for entries on lower timeframe within this region for higher RR. Taking the trade as shown provides approx. 10RR. Not financial advice. Be patient, wait for price to hit entry region and enter trade only on PRICE...

PinkBeardLevelTrading

This looks like the Wave 1 and Wave 2 is complete. May be a small further drop on Wave 2, but all eyes forward to the kick off of Wave 3. This is not trading advice, just my view of the macro picture. I believe we are in a bull trend now, along with BTC. I'll be holding through to completion of wave 5. For shorter term trading I'll only be taking long positions...

PinkBeardLevelTrading

Looking for a clear move below the neckline over the next few 4hour candles. Will be looking for trade entry on re-test of the neckline AND a candle entry signal. Target is 100% of neckline to head to the downside. Trade well. CJ

PinkBeardLevelTrading

Recent breakdown of support line holding up a triangle which has been forming since the March rise. CAD and oil are bullish which supports further downward price action for this pair. Looking to enter a trade on retest of support = resistance. DYOR for entry signal at entry zone. Enter on clear signal on daily/4hourly. This is a trade idea only, not advice. CJ01

PinkBeardLevelTrading Updated 

My previous trade idea was on the Daily Chart. A pin bar entry signal has appeared on a key level: So we go to the 15min for entry for sell entry. Head and Shoulder pattern on the 15min chart shows clear possible entry on re-test of shoulder. Stop Loss on recent lower high. TP1 on recent resistance level. TP2 on 100% of height of Head. This is not trading...

PinkBeardLevelTrading Updated 

Recent breakout of key level is encouraging for short term short trade. Will be looking for an entry on re-test of key level which was recently breached. Entry will be on Price Action signal only. Will be updating this setup as it unfolds until invalidated. If there is a retest and entry signal around 108.2, this could result in a good risk/reward ratio. This is...

PinkBeardLevelTrading Updated 

Looking at trade setup ideas over the next week or two. Overall bearish trend in EURUSD is making a sell entry the better trade. Will be looking for price action sell signals on the daily close. Trade idea to be updated while it remains valid. This is not trading advice, it is an idea only. Do your own research. Happy trading folks! And remember, don't enter...

PinkBeardLevelTrading

After a breakout of the ascending triangle and an re-test of the breakout area, we could now be resuming the downtrend. Trade only with risk management, wait for volume. Target 100% of triangle = 3.8k zone. Invalid if price moves back inside triangle. Not advice - DYOR.

PinkBeardLevelTrading

Ascending triangle - usually bullish but also a pattern for continuation. We entered on a downward trend so most likely to break to the downside. Target 100% of widest part of triangle - 3.7k. For a break to the upside target 9.2k. Wait for breakout with volume before entering. Exit trade if moves back into the triangle. Not trade or financial advice. DYOR, this...

PinkBeardLevelTrading

Some clear trend lines and channels for Bitcoin. Buy/Sell zones obvious, timing is unclear however we know that following the halving in May we may still have a dip (same as the halving in 2016) followed by a long and sustained bull run over next two years. I'm setting up entries now, for short term trading I will respect the current trend channel. THIS IS NOT...

PinkBeardLevelTrading

The AUDUSD pair has been trading in the downtrend channel since forming the double top. Recent breakout to the upside of the channel has formed a possible inverse head and shoulders, meaning the pair could see upside in the near future. entry on a retest near the 0.73 area aggressive entry 0.727 Stop - 0.716 (below right shoulder) TP - 0.757 Risk reward:...

PinkBeardLevelTrading

Price has not yet reached price target following the double top. Recent false break out of the price channel and pin bar forming on the daily chart signals renewed sell signal following recent price strength to top of the channel. T1= Price Channel support T2 = Final price target fulfilling projection from double top

PinkBeardLevelTrading

Trending within the long term channel - potential short term retrace to 23.6% around $6.4k will give good shorting entries. Bottom near $5.4k could lead to 61.8% retrace to the top of the channel which could align well with the delayed ETF date in Sept which if negative or delayed could give good FUD and good shorting entries to push BTC down to real bottom sub...