Long term sell from the upper Supply zoneWait the market to reach major supply zone then sell from there
AND
GOLD - Break & Retest Waiting for GOLD to break one of the SR zones.
After breaking, we put a pending order to the outer edge of the zone.
Highly recommend to use Twin Trading, for bigger potential profit.
Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR.
Take Profit - Put take profit at the next potential SR zone, but as i said before, highly recommending using Twin Trading (take profit for just one order, and at the second one just moving stop loss to the profit with market). At break&retest strategy even the smallest chance for one successful Twin trading can be highly profitable.
XAUUSD FALL!GOLS has formed a head and shoulders, and shall breakdown after breaking out of the head and shoulders formation.
XRP: Bullish -IF- support holdsPossible inverted H&S ( or ascending triangle -IF- support area holds.
Stop below support.
A morning star on next weekly close would be an encouraging signal.
Possible Downward Tilted Cup & Handle On Altcoin Total MarketcapNot sure how often ones that have his much downward tilt actually trigger but something worth keeping an eye on all the same. Neutral until I see confirmation fo some sort of breakout.
ETHBTC Inverse Head and ShouldersHello Traders,
New Thesis on ETHBTC
Points to consider,
- Potential Inverse head and shoulders playing out on the 1hr time frame
- 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed
- RSI on uptrend with strong support
- Volume declining on right shoulder
- VPVR showing low volume of transactions after resistance zone
ETHBTC could have a pop to the upside, this will only happen if BTC decides on its direction, the market is dictated by BTC's action, if BTC starts to consolidate on the daily, then the chances of this head and shoulders playing out will be more probable...
what are your thoughts? please leave a like and comment,
and remember
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
SP 500, SPX, aka ES could go parabolic of we cross 2975 to 3000 We are coming up from a 4th wave elliot correction, this could be the start of 5 waves up complex and impuslive. or we could go down. In any instant the odds are 50/50 % that is a fact
but if we go up and cross those levels i am long.
profit on the BTT pump and dumpClassic whale accumulation on the minor downtrend. Followed by trollbump andfooling bears into what looks like the dump. However the next pump will be insane and will rival TRX's pump and dump. Over 100% profits to be made here.
Needless to say this is high risk high return. First targets above 1800
Head and shoulder plus rising wedge: Probability for correction So there's a H&S-ish looking pattern going on here. However, I am not 100% sure, as this looks a bit distorted.
Then there's also a rising wedge at the same time, which tells a higher probability for downside as well.
But as the last times BTC just wonderfully ignored any TA, I am not sure myself this time.
BTC maybe wants to make it look as if an imminent correction would occur, just to go berserk and pump to 12k.
So, I am not trading this pattern here, just observing.
The fearless among you could try to trade this pattern, by opening very slight shorts, with tight SL's at maximum 8450.
Good luck and let's see what BTC is up to :)
Litecoin making crazy gains against btc; ltcbtc forming c&hLikely due to the halving that's set to occur in August I believe.
I sure hope some whales help us out of this head and shoulders.I am seeing a head and shoulders pattern.
dabur india on upmove....bullish sentiment is on"HIGHER SIDE"ON WEEKLY CHART DABUR INDIA IS SHOWING A TREMENDOUS BULLISH SIDE WITH "W" chart formation,i have indiacted my view/personal opinion that is stock will boom up to the level as indicated by me on chart with optimal risk and reward ration.
XBT 1HR potential head and shouldersPotential head and shoulders within a few fib channels, we'll see how it plays out (just ideas)
CHFHUF Head and Shoulders Forming at Major Resistance?On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.
Thanks for reading and feedback is welcome!
Wesley
NZDUSD buyHas broken out of a falling wedge and is forming a sort of head and shoulders, there has been a major rejection from the EMA on a 1 hour time frame which is also a trend line point.
if xrpbtc triggers this inv h&s pattern doublebottom very likelyI dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.
