Reasons to buy: 1) Inverse H&S complete 2) Bullish divergence on the D Timeframe 3) Showing weakness on the 61.8% but could potential push down to the 78.6% before the upside move My personal details: Long @ Entry: 1.5220, SL: 1.5140, TP: 1.5700, RR: 6 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a...
Checking LTC this morning, I'm seeing my update last night play out perfectly (Tradingview has configuration issues, so the post was hidden by them, as the video will not play). Anyway, here is what i'm seeing and the setup, which is very similar to the one on BTC is playing out (video linked below). Here are the Daily, 4HR, and 1HR charts with notes....
The pair has been correcting since September of last year, into what appears to be a rather complex structure, but there is evidence making me believe that it could be over, or that we could at least see some upside for the time being. Reasons to buy: 1) Shooting star on the Daily timeframe 2) At a key price level (look to the left) 3) Daily Stochastic...
If it is indeed a normal flat correction, legs a and b have already been completed and we'll be looking to catch the final leg, leg c of the sequence. Pair is showing signs of weakness at the top as well as bearish divergence on the Daily timeframe. My personal details: Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2 For risk and money management...
I buy after it Higher low and break out. Set up. 1. Dow theory 2. SMA20 break out TP 1. around resistant area 2. Fibo retracement 61.8% of down leg.
The price is currently retesting a pretty strong level @ 2.54-2.65. There is a lot of evidence making me believe we could be seeing a strong move back up to the 3.38 level. 1) Weekly Stochastic Oversold 2) Shooting star candle on the Weekly 3) Price has completed leg B of a potential Flat correction of the most recent impulse down. 4) Double bottom My personal...
0.7330 Level is heavy Resistance. 0.7344 Was levels high point. Price was rejected and is being brought down. This is a swing trade hold. First Target is around 21.3 Fib retracement level.
Hi guys, Here is my view on EUR/USD.
Hello traders! NZDUSD at this moment is on the TOP of the daily channel! In order to continue the UP move, we need to see a slow pullback up to 78.60% fib. A trend reversal will be possible at this level only if we get a strong down impuls, based on the DXY strength. Don't jump into the first red candle, first wait for a corrective structure before entering short....
Is it time for the US Dollar to start regaining its strength? Strictly judging by my own technicals I'm seeing a potential reversal point around the 87.62-87.78 range where we see a strong confluence of a the 50.0% Fib retracement and 161.8% Fib extension.
looks like all coin make same way to up, anyway, anything is possible, Good Luck
I will be posting the Monthly view of this pair as well to show the bigger picture but there's a lot of evidence that makes me believe we could be seeing a huge sell-off. We're currently forming leg C of what I believe is a simple Flat correction. Furthermore Leg C sometimes comes in the form of an ending diagonal which is what we're seeing now and we are...
I know I could have posted this simply as an update to my previous EUR/NZD chart which states LONG bias on the Weekly chart, but I felt like this was a setup worth posting individually. While the Weekly chart is still valid, we have a good enough short setup at the moment. The pair has formed a Head & Shoulders setup on the 4H which indicates some selling...
The pair is still correcting from the most recent impulse down. As of now it has completed legs A, B of what I believe to be a Zig-Zag correction. Should it break the trendline then we start looking at a possible Flat or Exp. Flat correction but the pair is showing signs that it could be going up for the time being. 1) Weekly Shooting star at a confluence with...
Hey guys, last night XRPUSD made his Wave Low, in my view we gonna see now a big rise in value and XRP pushed back to 4,5 $, this drop happened by fundamentals and Political news in korea, in my view it was a big fake to kill Bitcoin and Crypto prices for the big players in the next few days. A lot of negative news were caused by this drop taking out a lot of...
Hello traders! At this moment BTC had a strong rejection from 38.20% fib retracement. You need to remember that BTC is in a corrective structure right now. The correction is not over yet. Short term target will be inside the channel. We need to see how the price will behave inside this structure. If the price will not rise aggressively up to the top of the...