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Bulls Power

EURO-DOLLAR trade on the short sideThis post is about 4 Hour Analysis of EURUSD and what I did in this chart... As we all know from the chart, the EURUSD is in a downtrend. What does a downtrend mean? - A trend with lower highs and lower lows. - A trend where resistances are almost always respected and supports are almost always broken. - A trend where there are no significant UP moves. - A trend where the BULLS are powerful and BEARS are weak The MA that's been put up on the chart further prove the point that the Downtrend is still in place. Now, if we look at FX:EURUSD , we can see: (1) There is a support zone right at where the price is right now. (2) The price is making lower micro-highs (represented by 2 red down arrows) while trying to bounce off that support which suggests that there is no significant power of the BULLS here. (3) The white candles , the market is making at the support, are not at all strong and are pretty indecisive (shown on the chart with micro trendlines). (4) The black candle s, on the other hand, are pretty strong and clearly showing that the bears are in full control here . (5) Supports can easily become r esistances in downtrends and the way the price is acting at the support really suggests that the market is looking at this level as a resistance level and not as a support level. So, I think the market is going to go down again from this level. What did I do here? Sold 2 lots @1.09250 USD with conservative stops just above the first high that's been made on 26th September o'19 , i.e., on 1.09700 . The targets are at- 1. Prior past support at 1.08390 to 1.08350 . 2. Another lot will be left with trailing stops at appropriate levels . I expect this trade to make at least (1.09250 - 1.08390) pips = 86 pips (if this pair follows the trade-plan) with a stop of (1.09700 - 1.09250) pips = 45 pips which makes this trade have a reward – risk ratio of almost 2. Note : The only red flag that I would like to mention here is:- If suddenly the price starts giving strong bull candles with higher micro-lows and the price starts breaking a lower micro-high (the highs that's been represented by 2 red down arrows in the chart), thus breaking the formation, we can assume that the market is not going to do what I initially thought. For traders who want to know more about my techniques or have any queries, you can chat with me directly through private chats. I will reply you back as fast as I can. Also, please do comment in the comment sections below. Thank You!
Short
by Satx98
1
Bitcoin important weekly closeHello everybody! I am back from vacation and decided to share my thoughts on BTC/USD pair. (*Going to do more on other pairs too.*) Bitcoin needs to close above 11490$ on weekly to get a chance for 16000$. If we close below, which I believe is not likely - more consolidation and decision time might extend for at least couple more weeks. Only weekly close below 10700$ would invalidate this wave count and btc would likely head straight to 7-8k zone. I studied BTC price action for years and what I noticed that wave 2 or in this case wave (II) has deep correction. As you can see, wave 2 retraced 0.786 before 3rd wave kicked in. This move is very impulsive and this time 0.786 should not be touched. Fib 0.618 should act as support on weekly (volatility might get us lower to catch more bears and panic sellers). Stoping at 1.236 with decent volume and big spike would offer good spot to short or at least sell and wait for better price to re-enter. I will be waiting for 0.618 to finish II wave. After that - party will really start. ****In long term I am very bullish eyeing anywhere from 110k - to my original target of 350k. All depends on how aggressive and steep is price action. ** This idea is NOT A FINANCIAL ADVISE. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10
2
£1200 next for GOLD Gold priced in GBP£ is nearing all time highs as the British pound continues to see bearish sentiment. Will we See gold break all time highs and hit £1200 per ounce?? we are currently seeing some consolidation as the market decides on what to do next, we may see a pullback towards our Fibonacci support and previous resistance area before a move higher. It wasn't so long ago where gold was trading at $1200 Dollars. The pound is very weak just now due to Brexit uncertainty, we may even see the BOE step in to stop the fall if it continues lower.
OANDA:XAUGBPLong
by CapitalGoldTrading
2
BITCOIN/BTC - EPIC BULLRUN AHEADI decided to do the analysis from my shorterm and longterm point of view. There is nothing special on this analysis, but still I would like to share my expectation with you. I expect some big moves within the bigger cycles. The crypto market starts to look very interesting for the mainstream which is good for us. I just want to remind you to not forget..there is still big big room for growth and the money flow into this market. It's still in the nappies, fresh with big potential and ready for the entries of new players. The momentum is in green bars on daily. On the daily RSI is a bearish divergence which has to be wiped off and we got a daily MACD crossover. Moreover, there is still more short positions opened than longs, which is good against the crowd. Let's make it epic!
BITFINEX:BTCUSDLong
by tommyelltom
2
My thoughts on BTCHello Guys, You might remember us informing you about a golden cross of our @FSMM V3.1.3 on weekly which was about to happen. Everyone was shouting SHORT but we expected a jump and it happened a surge from 4k to 5k just in one candle. Now same story is going to happen on monthly. We are about to see a golden cross on our indicator on Monthly. If that happens successfully we will see a very strong moves from BTC. Last time it happened a 70% ( 294 to 502$ in one monthly candle) surge in price was formed. Let's see what will happen this time. If history repeats then the target should be 11Kish. Hard to believe but it is the KINGS beauty that surprises everyone once in a while. not a trading advice but my thoughts on BTC. Always DYOR Cheers MM67TRADER TEAM
BITSTAMP:BTCUSDLong
by mm67trader
ETH/USD: Weekly OUTLOOK! Opportunity to BUY should COME soon! =)Hey tradomaniacs, welcome to another OUTLOOK for ETHEREUM! It looks like we are currently consolidating in an ascending Triangle and there might be a chance to BUY! Don`t get triggered by likely FAKEOUTS, as shown in the chart! The current BEAR-CYCLE does not show any strenght.. this could be a nice evidence for a next strong bullish cycle! Everything else I wanna say is shown in the CHART! ------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! :-) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
BITFINEX:ETHUSDLong
by Trading2ez
2