BTCUSD - LONG OPTIMIST 1ST IDEAThis is my first published chart and maybe I can not explain everything in detail, I want to publish it in order to follow up on my idea and start learning.
I think tomorrow is a good opportunity to buy at 10.7k (D) and wait for a bull run towards 14k (E) on Monday at the opening of Shanghai. 5% SL
I take the opportunity and leave my projection for the following weeks, the day 12 should be close to 16k (2) and testing the 20k on July 17 (4)
This in no way is a recommendation to invest, the high variations in this market also carries a high risk that I can not assume, even tangentially.
Firstchart
First BTC/USD Chart - ***Feedback Welcomed***So this is my first published chart work on Trading View.
Using the fibonacci tool, I see the price action hit the 0.0% on 11/4 and then spiked close to the -27.0% on 11/7
Then after dropping down to the 61.80% and testing that zone for a couple of days before a spike down to the 78.6%
all while pretty much respecting the trend line and counter-trend lines.
So we should close the day right around $6305 (61.8-% FIB) and then attempt to move slightly higher to the $6380-$6400 region to align with the 18EMA
Let me know your feedback on how you think I did or what areas I can improve.
My Very First TA: ETHUSDTTime Frame: 2 hrs
>It looks like Eth is finishing a head & shoulder in short term (2hrs), but a break above 525 may also abort this pattern and trigger an uptrend price up to 540.
>A break in 540 may trigger a bullish momentum, however a break below 480 may abort a bullish momentum and trigger a sell off up to 430
>The price is currently getting squeezed between 500 and 520, in green tend line, a break below will make a new pattern or may follow the orange trend line or a sell off to 480
>Ether is still following BTC movement after the recent upward momentum. Any rise/fall in BTC price may still abort any pattern eth is building atm.
*Disclaimer;
This TA is my very first one, totally a novice work. This is not a financial advice.
Nearing the BTC reversalNote: The chart is shown on the COINFLOOR:BTCGBP though BITSTAMP:BTCUSD are nearly twins of each other.
Why I think we are nearing the reversal:
* We are still in the down trend (the channel marked by the red lines).
* We are forming a head and shoulders pattern, which would indicate the incoming drop (short term though). The drop will bounce of the current support, at around £4500.
* It will become the part of reversed head and shoulders which will reverse the trend into bullish.
Confirming signals:
* The closer we will move to the right red line the smaller the bounces between the baselines of £4500 and £6200 will become.
* The movement should slowly align with the green trend lines.
IMPORTANT: This is merely a plan of the game, which makes sense at the time of making the chart, though as we know in reality it will be different. Let's see.
Best case outcome: The down trend will be broken around March.
Worst case outcome: The down trend will be broken later as we will drop to retest the £3000 support.
WTI Crude Oil - USOILI've singled out prior balance areas using Auction Market Theory, obviously they're not exact. I threw up a fib to give me an idea for a new balance area to develop. I'll wait until it's developed but i'll look for short positions as long as it's below #12 prior bal area low. If it hits invalidation area i'll wait until a more defined trend/area develops before deciding anything.
This is the first idea I've ever published so i'm not really sure how much i'll enjoy doing this.
GBPAUD SAR analysis in the Long-TermGood Morning Traders!
Weekly downtrend in GBPAUD looks strong for go SHORT in long-term if break out occurs in the yellow sopport level. But expected rebounce in the red resistance level can make us to go LONG for awhile for few pips in short-term and may it break out still blue resistance level. Action Price will show us the way to take.
Pd: feedback is always welcome ;)
Bearish Bat Completion then huge short opportunityA short entry is suggested when the D point of the pattern in confirmed. The stop loss for the order should be placed at the upper resistance level. The take profit for the order should be placed at the 38.2-88.6% fibonacci retracement of CD, depending on the fundamental analysis.
BTCUSD wedge breakout, continuation of the downtrendAfter the sharp move down, we see a rising wedge forming on H1/H4 charts. This type of wedge is usually a corrective structure, before continuation of the move (in this case a move down). Short positions could be initiated if the price breaks the bottom trend line (a good idea might be waiting for a confirmation of the break, by testing the broken trend line).
Stop loss - above last weeks high
Take profit - around the minimum of last week (as i think there is a big chance of price testing the 480 level again)
Looking for a risk/rewart up to 1:5.
EURUSD LONGStarting on the weekly chart we can see last weeks bullish engulfing candle broke the 2/1 level on the Gann Fan and the 55 Moving Average, i will be going long at 1.1110 where the ma currently sits, with a stop loss below the 2/1 level at 1.1020. H4 chart is currently on a pullback and favourable for entry, i am anticipating a break of the 0.23 fib with a tp set 1.17, a second tp would be the 1/1 level.
EURUSD - Where to get in Short Looking to see the corrective move complete from the recent Britex burst.
Bears are likely to step in at the next level of resistance @1.1168 , I have placed a limit order @1.11603 (I front run my orders).
If the Bears fail to step in then i'll look to get in again within the resistance zone.
.5% risk on the table as I anticipate this a be a swing point so will hold long term.
Target will move as PA plays out.
All the best
AUDUSD 15 Bearish BAT PATTERN @ 0.7640Hi guys,
I thought I would share a pattern I am most fond of, the BAT pattern. I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %.
Back to the trade idea, it is a bearish BAT pattern @ 0.7640 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 15 pips x 2 = 30 pips
Reward #1: 20 pips. R:R = 1:1.4
Reward #2: 32 pips. R:R = 1:2.2
Plan your trade... Trade your plan.
USDJPY 3,2,1...GO!At first the MA200 and the EMA 50, then the strong resistance at 121.5 is finally broken after 2 close timed touches and successfully tested in a Bounce Back above. The Fibo is speaking a clear Language too. So the Price had enough Time (since late august) between ~121.5 and ~118.5 to collect some new Power for another long journey up. At least till the 1618 Line in the Chart is reached, but i want to make sure i trigger my T/P, so i orientate on the Blue drawn Trendline at the Top. We enter at 122.200 because i see Powerful Heikin Ashi Bars and i want to be in a safe distance to 121.5, so i can sleep Good at Night :D Possibly we have to expect a correction in the area around ~123.0, but i dont think it goes much deeper then 122 and turns back in right direction. Even if that happens we have enough air to breathe until we see the S/L at 121.184.