To the left we see a broken correction. You should always wait for pullback after a breakout no matter what.... We have closed above the 10EMA meaning the buyers are in the market. Always use a stop loss, never risk more than 2-3% of your account. Offering 3 Month Premium Free Trial In Our Trading Room, Learn how to trade + profitable trading signals....
Yesterday I made a post targeting $400 and in 24 hours it was reached, now due the the volatility we may be able to get the $1000 quicker than we thought. I had a Take Profit order at $400 so i'm currently not in a trade but the only way to enter this (if you have no order yet) is to scroll down to 4HR and wait for that pullback then go from there.
It's a great sign when we break a trend line but the only safe way to trade them is wait for the pullback. I would like to see it make a slow upwards correction to the 50% - 61% in order to take the short trade. Offering a free 3 month trial for our trading room, commencement will start September 15th. You will learn how to trade a simple method that makes...
Daily Entry: We Can see we have an impulse move down and an upwards corrections, this is already showing signs of a great trade to the downside, How we go about this is, we either 1. wait for it to breakout from that structure or 2. once it either hits the 61.80% or 78.60% and greats a reversal, we take the entry within the structure as it closes below the 10EMA....
This trade is very simple, wait for the close over the 10EMA and go long to $400. We have a pause around the 78.60% and if that is followed by a sharp move up/ we can tend to forecast a trade upwards. Always use stop losses.
We may be on the way to the 127% which for price is $550, It's very likely we will get there but take caution we may just pullback around here and start a downtrend downwards, Go onto the daily and wait for the next pullback and as soon as we get a reversal or close over the 10EMA. Always use a Stop Loss, Never Risk more than 3% of capital, always trade with the...
We can see consistent Higher Highs, It's now paused at the 61.8%, if we get a close above the 10EMA, Go Long! If you would like more in depth technical analysis on cyrpto & forex currencies, futures, indices + learning to become a profitable trader. please PM me for a Free 3 Month Trial!
Bitcoin can keep going up for a little bit but when keep taking profits if your going long because it must pullback in order to go higher, so be patient and wait for the pullback. we could see 5000 being hit before the pullback but there will be one.
We have seen a breakout and this is the pullback here's a very good opportunity for a trade to the upside.
We either get reversal or it breaks. In Both these trades we have to wait for a correction.
If you look below we are still above the 50% indicating the for an another up move is very likely. We have a perfect entry about to happen on the daily, so wait for the pullback and next reversal go long.
Very Simply Trade, Overall USDCAD is in a huge downtrend, so we should only be looking for trades to the downside, it try to break highs and has now failed, only think you can do is, trade it down!
Look at the Daily & Weekly Expecting This To Keep Coming Down, Place The Stop Loss Just Above The Reversal, This Has A Very High Probability To Reach the 1.27 Let Alone. Only Risk 2-3% Per Trade
Great Reversal, Very High Change This Will Break The Lows
These Setups work perfectly, Wait for the Breakout but expect a pullback during the trade up.
If you look to the left, there's the impulse. it's correcting itself at the moment. nice high volume bar up normally a indication to we can go up further.
You can see on the previous day, Volume is a minor bit lower than the down move, this is always a very good indication of a reversal. Look left further in the chart and you can see a perfect example. watch when it gets close to the first take profit around here we could see a correction form before going up more. Trade with the trend and only risk 2-3% of your...