GBP/USD PullbackThis looks like a really good retest so far. Broke trend line, Retest and possible short?
Entrysetup
How to properly use RSI for a high reward v/s low risk strategyThis tutorial on RSI is the first part of a RSI Masterclass series.
RSI or Relative Strength Index is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price.
The RSI computes momentum as the ratio of higher closes to lower closes: cryptos which have had stronger positive changes have a higher RSI than cryptos which have had stronger negative changes.
Risk Management
The thresholds are generally set to a safe 70-30.
Risk tolerant: 33-60
Risk averse: 20-80.
Overbought-Oversold Levels:
If the RSI is less than 20, it means that the market is oversold, and that the price might eventually increase.
Once the reversal is confirmed, a buy trade can be placed.
Conversely, if the RSI is more than 80, it means that it’s overbought, and that the price might soon decline.
After a confirmation of the reversal, a sell trade can be placed.
RSI will only cross 80-20 when there’s a strong momentum jump and thus can give us better and safer quality trades than 70-30. Where as in case of 66-33, RSI might oscillate quite frequently in that range so it’s safer to use this pair along with some trend indicator to prevent losses.
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- Mudrex
BTC/USD Long Setup Fresh Entry! Free Signal! Get in now! Hey guys in this trade we see a clear uptrend and a bullish engulfing candle off a golden Fibonacci retracement zone cant get much easier of an entry! lets run this bag up! Targeting out -27 extension level.
EURAUD-1H-Long Potentail Hi guys;
On EURAUD pair,we have a nice reversal pattern.for now we can enter to long position till first T.P but it can moves till T.P2.
Please put your comment and like .
If you would like my vision , analysis please follow me thanks guys.
Additional Entry Setup | Short on PullbackCould be a nice opportunity to open an additional short position on a minor pullback retesting intra-day confluences:
- Strong area of S&R
- Inner 0.5 fib retracement
- Respectable descending TL
My sentiment remains bearish on AJ and i think we got some more room to drop in the upcoming 24h. Previous order has SL adjusted to breakeven and it will be wise to lower risk on this additional trade.
If we see a confirmed break below 83.700 support area before getting ticked in, then cancel this order.
Inverted Hammer NIO Trade on D timeframeENTRY: ~ 42
EXIT: ~ 55
STOP LOSS: 38
-We had an inverted hammer pattern in NIO and it was confirmed today as it didn't break the pattern yet.
- Looks like a good setup right now, as it is trading around the ~ 42 previous support level.
-We also have high volume which confirms the pattern + support level
Is the USDJPY setting up for a push lowerThe USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index holds above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move down.
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possible bullish reversal in buy zoneseveral touches of the yellow down trend line suggest next touch should break up.
Very bullish the second touch of the red line didnt break, and was bought up quickly.
I expect price to break out past the yellow, briefly test the green trend line, before running out to retest the ATH @ 8.9
It probably will bounce off the ATH, which might have good entry opportunities before breaking ATH and going into price discovery.
This climb could be a fast one
BEP Swing Trade Entry/ Profit/Stop Loss zones
This is a long stock purchase idea for a quick profit on $BEP, this is a company that I have some shares in at a good price, and I'm looking to add more at pullbacks. This interested me because the setup has the potential to purchase a lot and sell half for a quick profit and leave the others to run with my other long term shares.
In this setup I am utilizing 4 moving averages, the two thinner lines are EMA 21/50 and the 2 thicker lines are SMA 100/200 (those also change color from red to green depending on if they are trending positive or negative)
The lower panel indicators are the OBV (purple) and CMF (green)
This shows that the money flowing into the company (CMF) has potentially come to a bottom in the short term; after our ATH
yet the OBV shows us that the number of shares being held overall has only increased since the highs in March / April
The Moving Averages are showing strong support from the SMA pair but the EMA pair show signs of a pullback, showing the longer-term trend (black support/resistance channel) has not yet been broken.
The two thin black dotted lines show support and resistance zones from the ATH and what I consider to be a legitimate midterm support level
Once again this is a sketch for my own personal usage and risk tolerances/objectives and is in no way financial advice
Please give me any feedback or glaring concerns with the idea here that I may have overlooked, thanks and good luck to all
Bounce of 200EMA ICXBTCNice bounce of the 200 EMA.
Interested in entering if it claims the major resistance above 0.00004xx.
A Clear And Probable Bias For GBPUSD We are currently at the breakout levels,
If GBPUSD, is able to take out the current lows
😋Then we would be in for nice profits while holding it to the downside.
As we have noticed it bouncing in and around the current level. A break and retest of that market level would be the beginning of sell entry.
Would personally be taking this trade if all criterias are met.
DAX (GER 30) short entry with confirmation. So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached.
After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed.
Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A) to form a good entry. Instructions are posted on the chart for a good short entry. If the price action goes up to break the high in the red circle then the trade becomes invalid.
Don't enter early. Wait for confirmation.
Happy Trading - The Trading Box.
SHORT TERM RESISTANCE IN AUSSIE DOLLAR FOR SCALPINGHi Traders,
There is a short term resistance for AUDUSD at 0.73549 and 0.73662. We have a golden zone between 0.73753 and 0.73843. These levels can be used only for scalping 10 to 20 pips. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
Pls Like and Follow...
Happy Trading....
Is it too late to go long? cup and handle incoming.Recent milestones:
-tested the previous high to finish the cup @ 10400
-passing into golden cross zone with the daily 200/50 MA
-Currently in pull back, looks like an early cup n handle formation
Trading strategy: scale into a long position after we find a handle bottom
Conservative strategy: wait for the handle to finish before taking a position quickly
If price doesn't go below 8600. Buy @ 10400 around end of Feb Stop loss around 9700
Aggressive strategy: Scale in after a bottom next week, maybe around 8700.
profit Target 1 @ 10300
profit target 2 @ 11400
I don't think we will run up to 14k+ just yet. I feel there is significant resistance around 12K. I still believe we will see a crash after the halvening or even slightly before. However in the near term price action is bullish for the next month or two at least.
I think its more likely we will channel for most of 2020 between 12K and 7K, where a major indicator is the dump after the halevning if there is one.
NZD/JPY Wait for a good entry NZD/JPY is approaching a somewhat strong support level and an uptrend line.
AUDJPY Long Position (Entry)As we have seen on the previous DAILY "Potential Long Position", our analysis is being verified, and looks as if the long position is ready to take. Once again, you may have to look at smaller time frames to seek a better entry.
Overall Trade Quality - Good
Gold kicks off to plan so is this the start of the rallyGold has played out to plan as price kicks up through 1498, on the spot pricing, and out of contraction. We are now watching closely for evidence that buyers are diving in to support price and start the march higher so it is all about the trusty shoulder setup or higher low. If this plays out then happy to be a buyer for a push up to 1519 then 1554.
Gold Bulls are building as they stubbornly hold their groundGold has been holding a BidZone around 1480 on the spot price for a while and looks set to make a run to the highs. Safe haven buyers have been stubbornly holding the zone and not getting flustered by the moves in the stock market and buoyant Trump tweets on trade. The key level is now 1498 and a break of this level should signal to bulls that the move is on. Watching for a shoulder for the entry setup.
