freddie1996

freddie1996

Looking for double bottom. Need the following confirmations. 1. Market to slow down on lower time frame and form a structure just before entry e.g. on 5min time frame. 2. Price to cleanly break structure after hitting entry with a small initial rejection of structure. 3. Then take an entry at the 78.6% fib retracement from low to recent high in 5min timeframe.

freddie1996

High risk high reward trade. Trade invalidated by 9pm GMT (approx 17 more 15min candles).

freddie1996

Wait for hourly close above structure break before placing limit orders to reduce the chance of a fakeout.

freddie1996

Great long opportunity - unlikely to hit but worth putting the order on. Target $1.5.

freddie1996

For those who missed the first entry the second one I think is even better, if it hits ;)

freddie1996

STXUSDTLONG

freddie1996

ADAUSDT LONG

freddie1996

STXUSDT Long

freddie1996

ADAUSDT Long Liq Grab

freddie1996 Updated 

Possible pattern forming....

freddie1996

Bearish, low volume.

freddie1996

Bull flag - wait for correction and buy, pay close attention to the volume. Only buy if volume increases at time of breakout or it is probably a fakeout. Higher volume - buy on retest Low volume - leave

freddie1996

This looks likely

freddie1996

I see one of these three outcomes. The pink diamond pattern indicates a future upward trend. However the pattern is not strong and so I think a retest of the 220 USD level could happen. I think the best way to catch this trade is to either short at the next opportunity while there is a strong sell off going on, so when it is like 1/3 of the way between the...

freddie1996

Diamond formation - bullish pattern. Mind the potential trap though so set a healthy stop loss. I expect to see a continuation of the bulls quite soon. (as indicated).

freddie1996

I see these two possibilities the most likely. Either we follow the channel until August/September time (green box) before the bull run really takes off. Or we see a breakthrough in the near future. Either the way there is still room for upwards movement in the short term.

freddie1996

Downward channel for a while. Potential breakout to start upward trend, but signs are weak. A wedge may be forming.... Fundamentally it's questionable now that the UK has left the EU whether this means the pound should get stronger after the uncertainty. However, having now left the EU, I still think traders are more bullish for the Euro for the meantime. So...

freddie1996

Another unlikely outcome.