We had a up move and now we are getting a flag. Watch for a breakout and buy good risk to reward trade
After a year in a corrective structrure, this pair could experience a new bearish scenario. MA50&61.8% fibonacci retracement has been rejected. We can expect the new bearish scenario if the breakout is confirmed. Stay tuned.
Hey guys this is also a pending sell do your own analysis and do not put more then 1% of your account on this trade Best Of Luck :) I'll follow up with this trade my target is to gain 10% of account per month just by risking 0.5% per trade by choosing high probable trades. just need your support to stay tune.
hey guys do your own analysis and confirm it based on your strategy and do not risk more then 1% of your account I'll follow up if i see any change in behavior (it's a pending order) Best Of Luck
BITSTAMP:BCHBTC may be forming a bollinger band squeeze setup As you can see on the chart, the bands are narrowing and the bandwith is low We want to see the price shoot through the upper band for a long posisition But ideally, we want to confirm the long position by also breaking vertical support Let's keep our eyes open on this one! Let me know what you think.
Not much to say other than we could be looking at the pair to go back up to the 1.7475 level. Reasons to Buy: 1) Hammer candle on the Weekly TF 2) Double bottom at the retest of the broken structure level 3) Weekly RSI oversold 4) Daily Bullish RSI Divergence 5) D + 3D Bullish Engulfing Wait for a pullback in the shorter TFs such as the 1H before buying in...
Rules of Engagement. 1. Wait for second retest - if retest does not happen, then trade is void. 2. Mind your Risk: Reward - Keep it as low as 2% and not more. 3. Stop loss - Above previous high
USDCAD just retested 1.2580 Key Area which also was 60% Pullback of previous week Price action, good risk/reward following trend. Possible to go up to 1.2630 to retest previous lows but we"re fine with that our stops are good. Entry: 1.25750 Sl: 1.27150 Tp: 1.23650 Trade with care Always happy about feedback or comments :)
We want to show you our view of a typical and perfect Elliott Wave setup on a lower timeframe. So, as you can see, BTC turned sharply from highs and we can clearly count five waves down, which is our signal of a trend reversal and in EW theory is called Impulse wave. Then we can see a clear three-wave regular 3-3-5 correction, with three waves up into wave (A),...
BITSTAMP:XRPUSD made nice three-wave correction back to previous wave IV with (a) = (c) equal legs and hit exactly 1.60 level as we expected. This is actually perfect setup in Elliott Wave theory and exactly, what we are looking for trading opportunities. But we have to wait for confirmation, which is a break above channel resistance line and to be sure we need a...
I've already included the reasons as to why I think it will be coming down but I will still write them here as well: Reasons to Short: 1) Double Top 2) RSI Overbought 3) RSI Bearish Divergence 4) Tweezer Tops The reason why I think is coming down is that in the bigger picture we're looking at a flat correction where legs A, B (98%) have been formed so we'll be...
Coffee has reached the top of the range and painted and nice piece of consolidation with two inside bars. A break to the upside could see price test the old high at the 144 area or a break on the low of the hammer could see price come back down to the 118 area.