The stock is still in an intact upward trend, and is currently about 50% into the correction of the previous upward movement. In order to find an entry in the long direction, we should be on the lookout for signals in the subordinate trend. In the hourly trend, we could soon see next upward-pointing 123s occurring. Here, the entry can be made at the point 2 or...
Green zones are buy red zones are sell. I think it will inspire from Stellar and better to sell at upper red zone. Coinbase adding ripple soon for buy/sell that means more volume to XRPBTC pair. Updates and follow ups soon.
Follow the Trend! Entry at 100 ema --Must be within 6 pips of lower horizontal resistance Reasons for entry. 1. 3 emas down trend 2. 100 ema resistance 3. Minor horizontal resistance 4. Drawn trend line resistance 5. Fib level resistance SL above upper horizontal resistance 6 pips(spread + 3) TP 2:1 Trade at your own risk.
Follow the Trend! Entry at 200 ema -- must be within 8 pips of lower horizontal resistance Reasons for entry 1. 3 emas down trend. 2. Horizontal resistance. 3. 200 ema resistance. SL above upper horizontal resistance 6 pips(spread +3) TP 2:1 Trade at your own risk.
Follow the Trend. Sell on 200 ema --- 200 ema must be within 8 pips of lower S/R for trade to be valid. Reasons for entry. 1. Horizontal resistance 2. 3 emas down trend 3. 200 ema resistance SL above upper Horizontal resistance 5-8 pips(spread +3) TP 2:1 Trade at your own risk.
Follow the Trend! 3 emas down trend 100 ema resistance horizontal resistance SL above 200 ema TP 2:1
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 show the market is quite consolidating with price moving around MA200 and forming Symmetrical Triangle pattern. In H4, the overall trend is still consistently down with price forming Lower High Lower...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1, H4, and H1 are all showing the overall trend is still Down trend with price is hold below long-term MA (MA120) and major D1 previous support turns to resistance 0.96403 - 0.96695. Currently, price is...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still down with price still moving below MA200. However, for the last 2 days, price bounce back up after rejected from major D1 support area 1.66845 -...
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still up with price is still moving above MA200 and major D1 support area 0.74921 - 0.75145. Currently, in H1, price coming back up above MA200 and breaks...
Hi guys, few days ago we managed to get more than a hundred pips from shorting this pair. Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend. The RSI divergence down on the bottom...
-weekly ascending channel -weekly higher low made -weekly counter trend line broken -4hr ascending channel -4hr fib found support at 61.80% level however there is a chance of further retracement before going long -4hr target 1 - 127.20%. -4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
The SPY gapped down on Friday morning and then proceeded lower all day. Monday morning brought renewed optimism as the SPY gapped down again but this time reversed and closed a little under the highs of Friday. Notice that the SPY traded as low as 212.25ish and as high as 217ish. Lets focus on that range and what has happened since. The triangle and horizontal...
$IBEX35 looking attractive for a big bounce after breaking downwards resistance that was holding back price since July 2015. The first target would be 9200 and second target 10000. Aggressive stop loss 8400, loose stop loss 8200.
Follow the money! And your trading will be easier and smooth. You want to start buying in an accumulation area and keep adding to your position as soon as a new uptrend starts to develop. Remember not to sell too early! You want to keep at least a decent amount of your initial position to keep riding the uptrend until it is over. That's the difference between...