Let's try and head north on Dash / BTC ? Several interesting elements here :
- Nice oblique resistance
- Hitting a former resistance
- 0.786 fib retracement
Target : as high as you can hold the position without fearing it to go downward, patience being bitter and its fruit sweet, shall we say.
Taking long on bitfinex, this does not constitute an investment advice, beware of cryptocurrencies' high volatility. High might be the gains, but tough it is to manage position, having a good idea isn't enough, the hardest part being trusting your idea and not fear realising it until the end :)
May the force be with you tradersview :)
Entrypoint
ETC suggests entry point for longing, beware breakout though !At the bottom of a clean ascending canal, one can only be tempted to go long, especially considering that 0.618 were reached, which indicates profits were taken.
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
AUDUSD Short IdeaHere goes my first post...
Shorting the AUDUSD based on the idea that there is re-test on 0.382 on fib, which would set up a sweet entry at 0.74845. I tend to keep my stop losses tight, usually around 20/30 pips away.
Expecting this trade to go down to 1.272 on fib extension which will allow us to bag a nice 304 pips. Expecting trend reversal at this stage as there is heavy support/price action at this position.
AUDCAD Bullish '222' Gartley PatternA bullish '222' Gartley pattern is forming with entry point D resting exactly upon the trendline.
FX_IDC:AUDCAD
Entry point : 1.0061
Stop Loss : 1.0007
Take Profit 1 : 1.0136
Take Profit 2 : 1.0182
Ger30, hitting the ascending triangle / canal limit ?Strong probabilities to head down I guess, at least for the sake of profit retracement. Entry point for me at least.
USDCAD Bullish AnalysisWill be looking for a cheaper price and an opportunity to buy into USDCAD at the .618 retracement in hopes of an ensuing upswing to test the most recent structure high
Don't chase price, wait for a good opportunity to buy low and sell high.
Plan your trade and trade your plan
First Idea. Here goes nothing.Potential short entry. See attached zoomed in picture.
Will update Monday morning after market open. (GMT +8)
EMA 101 - High Probability Entries During UncertaintyCurrent Possible Long Entry Pending on Bitcoin
High Probability Long Entry Checklist
1. Get Ready - Resistance Failure
2. Get Set - 50EMA crosses over 200EMA
3. GO! - Bids on 'Support Test' of 200EMA
Stops = candle close above/below 200EMA
Close/Targets = trade by trade basis - usually consists of candle/chart patterns such as double tops/bottoms or Head & Shoulders or Inverted Head & Shoulders. Also consider fibs and horizontal support/resistance levels.
GOLD 4 EOD call OPTIONAlready In but during the day in case i need to correct my position Im going to take it at the extension near the green line at the lev. 1332 fibo.0618
PRICE ACTION / TREND FOLLOWING VOLUME #2PRICE ACTION TRADING.
STEP THREE
Find the forex reversal pattern.
STEP FOUR
Determined stop loss and entry point.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
