GBPUSDIt's completing the ABC correction. At the end end of correction I'll look for BUY position setup.
Abcpattern
Chainlink make a reversion of the price!!! Short PositionAt the moment, looking the H4 and H8 timeframe, both timeframes show bearish sentiment for Chainlink and that it's a possible liquidation and reversal of the trend.
Now, looking the chart in H4 timeframe, we see that the price action speaks us that we would need to sell Chainlink toward the $12 dollars again find down the same trend support line.
So guys, I entry in the market price around of $13.51 USD with a SL at $14.17 USD and my target profit will be $12 dollars.
Good luck in this short position toward the $12 USD, and maybe we could to entry in bought approximately at $12 dollars.
But now, if we enfocous more in H8, Chainlink was formed at the same chartist apttern ABC, maybe this it's a consequence of stability that Chainlink make and that could be a possible consolidation, but a consolidation that we can to get an extra benefit.
So, I reccomend to closed up manually the long position on Chainlink now!!!
Overview: Perspective for bearish scenario!!!Hello guys, in this overview, I want to include a strategy to sell Bitcoin when Bitcoin reach up the $19k level. In that psycological zone, we would need to take decision.
So, I did analyze the 3 Daily chart and we touch this red zone in the RSI, that indicate sell inminent. Lets me to explain you that:
creating this function, I see that in the pass when in hte end of the bull rally on 2017 that was a important point in the RSI and price action near of $20,000 USD. As a second time Bitcoin touch the highly point in the RSI indicate sell that I remember in June 2019 that Bitcoin was around of $13,800 USD near of $14,000 USD, we have a correction ending the year 2019 with a cotization of $7,200 USD in December 2019. I remember that thing when Bitcoin make this correction in the past year.
And right now, we are in the same time to sell Bitcoin touching as third time, a inminent sell that we would need to see in Bitcoin.
Now in he weekly timeframe, we see the same situatin just using this timeframe and using the RSI to modify the points key, so, I see that we turn to bearish in the next days, just we would need to have a good decision to shorting Bitcoin, and also including the market hunters and manipulations that whales and institutionals make for traders amateurs to will be liquidated. That thing we would need in our hand if in case that Bitcoin it's above of $20,000 USD and break up this mark, we would see in any case possibile hunters here to bear scenario. But looking in my perspective. we have 2 correction if you apply the Fibonacci using the 0.382% and 0.618%. The value are $16,150 USD and $13,800 USD approimately looking these level to bought Bitcoin for discount.
now, remember that I'm in the trade in long time and I say you that maybe Bitcoin it's go back to the $19,500 USD and it's happen right now, the price in this moment it's around of $18,800 USD and we're in profit in Bitcoin and Ethereum. So, I hope that Bitcoin it's touch my target profit at $19,500 USD and later that Bitcoin make it. I will going to hope the Daily's candlestick to know where Bitcoin it's going on. And also, the Daily chart it's important for this case. So, I will still alert on the $19k levels if Bitcoin make any manipulation or good entry to shorting in these levels.
So guys, if you like this idea and plan, please get me a like,share this analysis with your friends, traders or people enghusiastic in the trading of cryptocurrency
GBPUSD Buy and sell entryHello Traders!
Gbpusd is forming ABC pattern it forms after a hard drop where (a) is the end of first drop and (b) is the drop after little retracement and (c) is a drop where it tries to break the bottom but fails to break it.
We also have sell entry from resistance to the support area.
Good luck traders!
Updated: NEO show a bearish rising wedge forming in H1 timeframeI reccomend to closed up the long position and don't make anything until NEO reach down to the key support to bought. This it's a manipulation pure!!!
So, to respong your question, remember we are entry in the new cycle and my perspective it's bullish
Now, the H4 it's the key, and we would need to hope the formation of the latest C of the elliot wave correction ABC to entry in the next elliot wave cycle in H4 timeframe. So, I will going to still alert in the next hour when NEO reach down in this support between the $16.50 USD to $16.70 USD to activate our long position in this zone. going to break down the yellow zone below of $16.20 USD. That it's my other scenario to put a short position.
This it's my clear chart. And also, I make an update of the candlestick color if you see, so, we hope a bear scenario soon to these level, so I do not reccomend to put any short position when we are in the bullish trend, if you want to put any short position, the only that I want to see it's that NEO. And remember, the grey zone on H4 timeframe where it's into the yellow zone Daily, this is another reaction that we need to put any long position in H4 timeframe with a candlestick confirmation!!!
So guy, it's based in my elliot wave studies!!!
2 ABC Patterns Show $15.5 as Key ResistanceJust a kind reminder to everyone here. Not financial advice. Leave some feedback if you have any ideas, thanks!
ABC pattern and ideal butterfly harmonicIn the 4-hour time frame, a 5-wave is seen, followed by an abc pattern, and of course an ideal butterfly harmonic pattern, which is expected to move the price up to the upper trend line.
USOIL Double Top and dropHello traders! As i predicted in my previous post that we will see a double top and a drop and It happened.
The Reason I was expecting a double top is that I am expecting this drop in Elliott wave ABC formation and After completing wave A in 12345 formation wave B must be in abc formation and according to Elliott wave rule wave B must not cross the wave 2's high of wave A. So the only option left was to form a double top.
Hit the like button if you find it helpful and follow to stay connected.
USD/JPY is in SupportWill go up for the rest C of ABC pattern as my opinion. Then UJ turns to Downtrend back.
Thanks for your interests. *_<
Short on EUEU is about to reverse to complete ABC pattern. So as my idea, it's going to from Blue Zone (Resistant Zone).
Thanks for interests. *_<
LET'S SHORT GBPUSDThis is a NAKED & SWING analysis based on patterns ! ! !
Here we have a beautiful ABC correction pattern.
Now we are waiting for the continuation of the major trend.
ENTRY : 1.3000
STOP LOSS: 1.3040 (40 pips)
TP1: 1.2960 ( 1:1 40 pips)
TP2: 1.2920 ( 1:2 80 pips)
And then extend the take profit targets and let it move until the last target.
LAST TARGET : 1.2700 (300 pips)
HAVE FUN & HAPPY PROFITS ! ! !
GLD short, at resistanceIdentify Price action:
1. Sideways; Find: Support and Resistance
2. pre-support became resistance
3. ABC pattern
Short Entry 180
Stop 181 -- For stock, $1 stop is very easy to be triggered.
Target 175; reward:risk=5:1
Target 170; reward:risk=10:1
Use Option to play this Game.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
EURGBP sell ordersGreat opportunity for a bearish move soon !
looks like structure is complete with a ending wave 5 , looking for a three wave pullback for either a continuation to the upside or more downside , the time will tell !
BulldogTradeHouse
FB Buy Zone(s) IdentifiedPlaying around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB.
In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play.
I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one, everybody.
Please reach out with criticism or questions! I'm happy to engage with any trader.
Look for long & short entry on USDCADWait for an rejection or wick in this area then wait for that rejection to close, then take the long position.
VIAC Long, Daily EMA144 as supportCondition:
#1 Daily EMA144 is support
#2 Swing(A) crossed SMA50 and EMA144 (Normally, this is a pattern of beginning in uptrend)
#3 Swing(C) Began from SMA50
#4 No price change on 8/6/2020 Earning
Estimate: Range of Swing(C) = Swing(A) (ABC pattern, even if it is a consolidation only)
Entry below 26.5
Stop 24; when Trendline break
Target1: 35; risk/reward=1:3
Target2: 40; risk/reward=1:6
I am not a Pro trader. I need few months to work on rule based trading strategies.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate consistently.
Double top. Expanded flat correction Double top, ADA due for a correction
TP 0.105
Daily and Weekly RSI overbought range
Swing trade
Heathly correction before shelley is implemented July 29th hard fork, then back to FOMO and hype trend
BINANCE:ADAUSDT
Scenario: C point jump @ Gold SpotThis is an ABC correction and C point jump @ Gold Spot. Target price is 1818 USD.
GBPJPY SHORT 1HR TIME FRAMEUsing the Elliot wave strategy, top down analysis, market structure, support and resistance and a few indicators, I can see that market is heading in a downward position for the coming week. Now we do not know what will happen over the weekend that could effect the markets direction. but for a framework and idea, we should look for a short in this time Frame.
USDCAD SWING TRADE SHORT Good Day All, FX:USDCAD
I am currently seeing some bullish momentum short term finishing off an inner smaller time frame flag within a longer term bearish trend. We had a pennant brake from the top which fell to a support trendline that held creating our current major flag, I am currently looking at an Elliot correction ABC wave finishing off which I am looking to get in short at yearly resistance point 1.38000. with stop loss at 1.38300. This will be my first entry for my major swing trade. I am then looking for a break of the flag structure and a retest creating my second entry point which I will update closer to the time. My first take profit will be at major support zone 1.34000 which I am looking for a possible break and retest to continue the downside with a third entry on that areas to be updated closer to the time. This will then lead to my flag pole length target for final TP zone at 1.32500 where I will re-evaluate all my swing trades to see where we are heading from there.
This will all be shared on my Telegram group for free and also when I enter and exit the markets.
Please take note Forex is risky and this is my opinion and biased on the markets and could be wrong please use proper risk management if followed and let me know if you trade any of my ideas.
