I ENTERED A SHORT ON GBPUSD AS A DOUBLE TOP FORMED. PRICE HAS SINCE VIOLATED THAT BUT MY STOPS ARE ABOVE 1.4200 EVEN HANDLE NUMBER SO IT IS STILL IN PLAY
IF YOU MISSED THAT A H&S PATTERN MAY BE FORMING ON THE 60, WE WOULD NEED A BREAK OF THE NECKLINE TO CONFIRM BUT THIS WOULD BE A SOLID REVERSAL PATTERN IF YOU MISSED THE DT
Just waiting on the close of the current candle and if it meets my rules will be looking to short the EURUSD
My target lines up perfectly with the entry of a BAT pattern off the 4 hour chart so will not only look at my target but will buy the market up at this point if we reach it
Great RR of 1:6,
HAPPY TO BE TAKING TRADES LIKE THIS ALL DAY LONG
BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL
REASONS FOR ENTRY
- 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL)
- COMPLETION OF AB=CD MOVE
- FIBONACCI 161.8% EXTENSION COMPLETION
- MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE
This is an investment for me but i still like to look at the charts and hence why im looking at the weekly
Price looks like it is coiling up and has retraced approximately 50% from the highs. I think there is a high probability we we will see the all time highs broken this year with 8-8.5p being reached as a minimum
Good news flow due on there current assets and...
UOG looks like a little gem. Fundamentals are very good. Excellent management and lots of exciting prospects including the BIG BOY in JAMAICA! 3d should be out soon. Im invested here but below is a trading idea
As far as technical s we've had a nice double bottom, RSi div with a break and close above. Pull back into a 61.8 % retracement and a new higher high,...
BITCOIN IS OVERALL IS BULLISH BUT IF THERE IS A RETRACEMENT I WOULD BE LOOKING AT 2 ENTRY POINTS TO GET LONG. IT HAS JUST COMPLETED AN AB=CD PATTERN, RSI WENT OVER SOLD AND THERE IS RSI DIVERGENCE SO WE MAY SEE SOME SORT OF RETERACEMENT FROM THESE NEW HIGHS
MY FIRST POSSIBILITY WOULD BE AT 5000, WHICH IS A FIB 38.2 RETRACEMENT OF THE LAST MAJOR MOVE AND INTO A...