USDCAD: Bull run, over new support.USDCAD: USDCAD broke resistance line at 1.2175, and respected
nicely, started fresh bull rally, now became support level.
i tried to draw bullish trend channel (without higher low),
looking for long setup 1.2182,on lower level or trend channel.
it looks good for long setup, at newly formed support: 1.2175
(it could be big bet for marathon)
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Next Resistance: 1.2246
- Support: 1.2175 (best buying price)
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15minchart
ETHUSD: Broke bull trend lineETHUSD: ETHUSD formed bullish rally from 2480, and 2630 looks like resistance.
it retraced from resistance level again, and fresh bearish rally
started from here, broke 1 hr bullish trend line,
As per classic trend line breakout, looking for short setup at R: 2630
!!strong close above that price should be bullish move
*trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Resistance: 2630, bearish rally point
- support: 2480
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BTCUSD: shorting in bull runBTCUSD: BTCUSD is in bull run, and 41k served as strong resistance. it retraced
from resistance level again. now looking for short setup on same price 41000.
if it made strong close above 41000, should be bullish move
! trade channel based on hourly chart.
Technical- Based on S/R and trend channel :
- Resistance: 41000, look for short setup near that.
- Support: 38700
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US30 4.28.21 AnalysisHey everyone, This is my first published chart markup for US30. Feel free to any advice, questions, or comments. Thanks
Market analysis: Bearish.
Price is currently in my golden zone area. I am looking for price to possibly come back to the 50%, then selling off down to the 1.
Currently price is playing around my 38.2 cont. zone. so keeping my eyes on it right now. If price closes below my 38.2% and shows me a sell candle, that may be a good sell entry for me. If not then waiting for 50 or 618 retracement.
Background Info:
My trading team and I are currently doing a 3 pair challenge where we pick 1 fx pair, energy/metal and indice pair. us30 being mines.
First I want to start off by saying this is a indice pair which moves very fast for me. When I trade indices, I like to do quick snipe entries and exits. Trailing SL.
I markup support and resis. lines on the 1hr chart and then place my fib. on a 15min chart.
Looking for entries off the 15 or 5min chart.
Today's Bitcoin Update | 15MBitcoin Update
Yesterday I told you that I expecting upside BO and we did see higher prices.
Today we have gap up opening and with another leg up. So expecting a Bull Trending Day again.
Since the open strength is good. Price is staying above the EMA and which is a good sign. Currently, There is a chance of testing the Breakout, Yesterday's High and EMA test. Price is struggling at Today's High currently, so the test to EMA, 36400 is expected. Might take a buy from that point but needs to get there first.
In scenario of weakening of Bull trend till the end of day then we might test the Open of the Day as Support, 3505.
Currently Wait to Long, Price might go sideways testing 36400. Scalp Inside the Trading Range (Sideways). Add onto you position if price breaks Today's High again.
(Bullish) ASCENDING TRIANGLE on Bitcoin 15 Minute chart.COINBASE:BTCUSD
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.
More downside potential EUR/USD 15 minuteEUR/USD has been trending nicely the last couple days on the 15 minute using the 200 EMA as resistance. Before this week there was a rocky road to the upside. Now that EUR/USD had a few lower highs and lower lows, will we see an other touch on the 200 EMA and then a move to 1.1625 or even lower?
Win big, Loss SmallHi guys today ill be buying GBPNZD because there was a set up present in my edge.
my criteria for a good trade
1.) Has small risk
2.) Has big wins that your risk
3.) In lined with higher timeframe
4.) Has confirmations on Lower timeframe
5.) Emotionally stable
Goodluck traders see yah next trade
comment down your insights
We've broken out, but what now?Hey everyone just a quick update. As a predicted last night, we have broken out of the ascending triangle, but I don't think it is a steady drop from here. In fact, as shown in this t.a, we might be seeing a retracement back up to the ascending triangle. I anticipate that it will go up to the 10750 area, as a type of abc correction to the prior impulse wave. Once we hit the target, I will update you from there. Thanks guys and have a nice day!
BITCOIN UPDATE ON THE 15MINS CHART.Here is an update on the 15mins chart.
3waves down from 11.2k region to 10.3k , and wave 4 is forming an expanding triangle.
Expanding triangles are five-wave triangles.
Triangles are pattern that appears usually in the middle and at the ending stages of the trend, they are usually seen in wave 4 in a motive phase and waves B & X in a corrective phase. I think I should make an educational post on triangles later.
From the chart we can see the last leg of the triangle (wave E) forming
If you're yet to enter the short position, wait for the triangle completion. I think that should be around 10.6k region or slightly higher.
From there, we can re enter a short position and ride wave 5 to the downside.
Once the correction is over, I'll post an update on the potential ending point for wave 5..
Don't forget to hit the like button if you enjoyed this short update. follow me to get more hands-on update. Share and drop your comments below if you want me to make an educational post on triangles.
Your viewpoint and questions are also welcome in the comment section.
Thanks you.
See you soon traders. Namaste