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Falcontradingguidance

BTC/USD possible Bullish Zone at 8,200In hindsight, it’s no surprise that BTCUSD was taken over by the bears for sometime now. We can clearly see that there was a breakout from an ascending channel after it peaked at 10,400 at about the 13th of February. There is however hope for the bulls. We may see a reversal at the 8,200 zone as there is currently some divergence on the RSI on the 4H timeframe, indicating a possible drop in bearish momentum. The ideal entry would be at the break of the resistance trend line, that way we would be sure that the bulls have moved in already before we jump in. If the 8,200 zone however doesn’t hold, then our next target would be around the 6900 zone, as according to the 90% #falcontradingguidance rule, we should start seeing some correction at that zone and a potential entry for a bull run to the upside.
BITFINEX:BTCUSDLong
by emeka83
Falcon Student - Short GBPJPYEntered this risk entry trade at 144.794 with a 35 pip stop above the structure. Confluence Factors: - Price is in a corrective phase from an impulse down. - Price has touched the upper trendline for the 3rd time. - Price has approached this 3rd touch with an ascending structure. - Potential evening star has been formed on the 4HR Chart. Target 1 is a the bottom of the structure with a RR of 10.65. If price breakes this structure impulsively I will be looking for the larger double bottom at 124.637.
Short
by UnknownUnicorn3909078
NZDUSD: Wait, Wait, WaitContext Notice that I used the word "indication", and not indicator. By using solely structures and forecasts to keep ahead of the market, these are especially important. Flags. Channels. Wedges. In this scenario, it can be seen that there is a strong impulse from the upside after creating the second touch, and coming down for the third touch on the bottom of the structure. However, we know not of the market movement, whether or not will it rise or fall. And so, waiting for an indication such as a bull flag or descending channel would be the wisest action to take. General Consensus Wait for an indication. Sell if there's a bear flag, buy if there is a descending channel. Steps To Take Wait out the impulse Wait for a bear flag or descending channel Sell the pair
Short
by cwphuah
1
USDCHF: Analyse From Different PerspectivesContext Analysing from the perspective of both the buyer and the seller is of paramount importance. By analysing from both perspectives, you would be able to weigh both charts and come to a stronger conclusion instead of looking at it from neutral eyes. Below are examples of the USDCHF charts whose structures are drawn from the sentiment of a seller. Weekly chart of USDCHF. Hourly chart of USDCHF. It can be seen here that there is a clear bear flag right after the market breaks out of the structure. The difference between the above images and the current chart is that they are both analysed from two different perspectives. In the previous chart where the consensus was to sell, I drew structures where it was in favour of the seller, without considering the eyes of the buyer. However, after clearing all of my drawing tools, I redrew the structures and found that a position to sell would be of better odds. However, in this scenario, the probability of the market moving to the downside still exists. I merely drew two different charts and compared them side by side, using structures. I made the call after comparing them with a peer. General Consensus Prepare to buy. Redraw your structures from time to time. Steps To Take Prepare for a bull flag or signs of the market going down Buy
Long
by cwphuah