AUDNZD Long Trade SETUPLast week Price Action (PA) had broken above its 4HR Trend Line to reach the highs of 1.08963 before pulling back/reversing - whichever it may be - with the Andrews Pitchfork (APF) placed on the previous Pull back. Price has now test the middle APF line and closed with a strong rejection bar (Dragonfly Doji). I'm expecting price to continue its's move up to potentially test and break its Trend Line. I'm LONG!
Possible entries on the lower TF pull backs may still be viable.
Watch and Wait
Bear Trader.
Andrew's Pitchfork
GBPUSD Long pull back entry into Elliot WaveAs it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower time frames.
Potential long will be sought at 1.27832 - Alerts set
Watch and Wait
Bear Trader.
$XAGUSD - 26.120 is a must-test levelHi guys! 👋🏻
🔔 Silver mostly outperforms Gold whenever the DXY weakens, as a cheaper alternative of the safe-haven, similar to Bitcoin - Ethereum relation.
🔔 The daily chart demonstrates an end to the correction and an upcoming bullish run, Fibo 0.618 test, MACD and RSI.
🔔 Silver will continue bullish as global pandemic and money pumping into the economy continues. For the short-term I'd wait for a breakout from the dynamic resistance and go long upto the Fibo 0.618 level of the September drop, though Silver will and must test the dynamic resistance of the downtrend channel (flag).
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
BTCUSD: Monthly StructureThe above chart is an attempt at showing BTCUSD's monthly structure. As this market enters a sell rotation, it makes sense to be alert for potential reversals in the sub $10k area. Monitor the $9.2k-$9.8k price range for supply & demand imbalance hints. So far, BTCUSD is printing a correctional formation linked to an overall risk-off attitude that started sweeping through the markets as of the end of last week. Barring another 30% plunge in world indices, the risk-off mood will begin fading, and confidence will return to the markets, pushing the prices higher once again.
BTCUSDT In a sensitive AreaAs you see BTC price brokes Andrew's pitchfork line and now it's around the Trigger Line. If it breaks the trigger line without pull back to the pitchfork, probably we will have a bearish in Price. It is also a powerful support level near the trigger line that will break together. So if the Price goes under 11200 and stays for a while, We will expect 10500 and 10150 in the next few days. If Price pulls back to Andrew's pitchfork blue area the signal is violated. Just Have an eye on BTC price.
Be Careful, don't open any position before the price breaks lines.
God Bless All Traders.
Scalp on XLM with Good Risk/Reward RatioOK, This Position has a good Risk/Reward Ratio so I decided to publish it. The Chance to get a result is 50% But I See a Chance to earn some money with low risk.
The price will have 2 different ways in the next hours. If it goes Down just from Here you just buy in Entry 2 and wait to take profit level.
If the price goes up from this level, wait to price touch the Trigger Line. If it Broked the Trigger line the signal is over , but if It has backed, you can SHORT 25% in Entry 1, then if price riched Entry 2 SHORT 75%. Take profit Levels are dynamic. wait for the price to touch blue lines and then BUY. TP1 = 75%, TP2=20%. After reaching TP1, Change SL to Entry 2.
Good Luck.
Pitchfork Based BTCUSD ProjectionThe most recent BTCUSD pivots on the 2H chart show a potential move to the upside where BTC is expected to meet the Median Line of this pivot set. If, however, BTC price fails in that highlighted key area, it might set up a new pivot set with a down-sloping Median Line that will serve as a potential target area for the next round of selling. The concept is here is to track pivots sets and adjust the entries accordingly. The important and, somewhat, misleading point in this is to know when there's a pivot. The highlighted area will provide a hint at that. In case of questions, drop a line in the comments section below.
BTCUSDT SCALPING A LITTLE LATE BUT USEFULL Actually I have made this analysis right at the time and For Entry Points, I was On chart but an Uninvited Guest Didn't Let me to finish it, It wasnt so bad for me because I didnt set TP levels in my trading account. Now I see that the price passed even my TP2 so I have set a trailing take-profit to earn more. Will Price touches 12500 again tonight???? I guess It's not so far. we will see .
EURUSD: Likely To Correct This pair has had a decent bullish momentum as of lately; active long interest might come across as greed driven. Seemingly, the EUR bulls are looking to square off exposure, translating into an oversupplied market at least for a short-term correctional formation. The most prevalent scenarios are highlighted in the chart: bullish continuation in green and bearish reversal in red. A better understanding of the market dynamics will present itself as the EURUSD price action develops throughout the upcoming weeks. Staying tuned.
BTCUSD: Preparing Continuation SetupsBTCUSD has been consolidating above the 100% point from YTD low during the last two months. Seemingly, the pair is now getting ready to probe the sub $9k area as a failure-test. If offers dry up as price dips beyond that range, which is expected to happen if the failure-test occurs, the price action is likely to wick that area and proceed higher as a result. It seems reasonable to be looking for limit buy setups in the $8.7k area.