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Long-setup

GBP/USD - SHARK MEETS TEXTBOOK CYPHER61.8% Shark target hit (see Related Ideas section for original post) and from the looks of it the pair is on its way to forming a textbook Cypher pattern. Entry at the 78.6%, Stops below X, Target at the 38.2% of CD. My personal details: E: 1.3850, SL: 1.3750, TP: 1.4050 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
1
Heavy Resistances Can Lead Cardano to 1k SatoshiAlrighty guys... Let me get this out of the way now: BIAS: Long-term, I'm still freaking bullish on ADA. If you are bullish on this MARKET in the long-term, then you have NOTHING to worry about with Cardano. It's a legit project with a lot of hype behind it, and it's just finding itself struggle because it was SEVERELY overbought and then dragged into a bear market, fully devised by Bitcoin's diabolical plan. WHAT I PREACH: Remember when I was warning everyone that things that grow fast come down pretty hard and have a nasty bear market??? AND PEOPLE TOLD ME I WAS FOOLISH. Like bro... seriously? Cardano gains like freaking thousands of percentage points in just 1-2 months and you think that its going to keep going up for FOREVER? ARE YOU SERIOUS?? omg... it just makes me upset, and I hope that those who think that is "likely" have learned a very valuable lesson here. It's just NOT possible to sustain that type of growth. it just isn't. I called the top on and the drop on my last post with this one guys. ANALYSIS: So there are a few good things and many more bad things I see here with Cardano. Let's get started with the good - Good: 1) Shit. As soon as I started this I blanked lmaooo, because there really isn't much good... hold on let me think... 2) OKAY, YES. Alright, well, for one I don't think Cardano corrects for more than another month maybe? 3) The two white lines, BOTH now serve as support lines ! 4) Volume is very bullish! 5) Remember, this is in Satoshi! Right? So it's possible that a drop to 1k satoshi just means that it gets outpaced by the growth in BTC in dollar value. So Cardano could honestly not drop that much in dollar value, but just its relevance to BTC's growth. It's important to really understand an altcoins Beta, and their leverage to the market. I really want to make an educational post on that and even calculate Betas for you all, but I don't have the time now. 6) THERE IS A CHANCE THAT WE BREAK OUT OF THIS GREEN ZONE! Alright... So as we see, the good isn't really all that good. It's just kind of like, "Hey okay. It's not terrible!". This next month for Cardano holders MAY NOT be all that exciting. The Bad: 1) Resistances - The top of the first Green Support Zone - Wave 3 - The 8, 13, 21 AND 55 EMA (Jesus) - The Orange Support Line is now as resistance 2) Indicators: - RSI is in oversold regions, but it has a lot of work to do to break those resistance zones - Stoch RSI is showing this TINY price movement on the daily chart to be heading towards the overBOUGHT region - The Daily MACD has crossed and is upticking with LITTLE price movement as well. 3) The wave count is unclear because this is in satoshi, BUT, it doesn't look like it will be even close to outpacing the growth of Bitcoin anytime soon. 4) If it falls even below the 78% Fib Support, then it's going to have a hard time gathering bullish momentum. So here we see that Cardano isn't in the best position. BUT, if it can manage to break all of these resistances, then it will be SMOOTH sailing for Cardano, and my bias will be VERY bullish! That's why I left this Neutral. Because a breakout is actually possible. Just not likely, yet. Good luck guys, and trade safe!
by Elijah_Trading
23
GBP/CAD - SOMETHING TO BE PROUD OF (CALLING A 1000 PIP TARGET)As the title suggests, back in October 19 (2017) I made a post on this pair calling a potential +1000 PIP target, using Wave analysis and ended up playing out in textbook fashion, which is something I am very proud of. God knows if I'll be able to call such a move again therefore I'm posting this to share with you that achievement. This goes to show how effective Technical Analysis can be if applied properly. Check out the related ideas section below for the Original post.
by Aqua_Trader
10
USDJPY long setupHi there, sharing a long setup on FX_IDC:USDJPY Entry criteria: -Monthly timeframe forming a low test/doji candlestick -Daily bullish engulfing / MACD bullish divergence -Intraday descending wedge/channel pattern -Price retraced to the 1h 50 EMA, showing deceleration; -5m pivot showing support I set up an entry order over the next pivot line on the 5m chart, targeting roughly the Daily 50EMA / next major resistance level for 2R trade. Visit the link in my profile if you're interested in learning more on the strategies I use to trade the markets. Trade safe
Long
by UnknownUnicorn485324
Bitcoin. The Latest wave of sales. Correction Begin Good night friends. I thought the correction would start earlier, but I made one mistake in the past in calculating the wave, which destroyed the entire nesting doll. Now everything returned to its place. Sales are coming to an end within my favorite final diagonal triangle. We have all 5 waves, even an interesting thing as the last price jerk. Breaks the boundaries of the triangle. Goals for long on the chart, you can go to the trial or right now, if you want to risk more
BITMEX:BTCUSD.PLong
by TimurKuspanov
NZD/USD - INVERSE H&S Price has broken through, and currently retested the neckline showing a lot of upside momentum and giving a nice long opportunity. Will be looking for the next higher high / higher close for entry. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
EUR/USD - DON'T IGNORE THE TIME AXISLooking to catch a measured move from the 1.2274 level back up to the 1.2523. Price is currently found at a confluence of the 0.618 retracement and a significant support level from the beginning of March. Will be looking for a Higher High/Close D candle before entering. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
Ethereum Correction is Near Completion - 2019 Target - $2,000Alright guys, I'm feeling pretty confident on the market again, and I think a lot of coins (including Bitcoin) are coming to a close on their long correctional periods. We're all in this market because we believe in it. If you're scared of coins dropping, then I hate to say it, but either don't look at the prices, or strengthen the testicle jugulars. If you've made it this far, it's likely that your balls are pretty big by now. Women, you guys probably don't want balls. They are weak and fragile anyways. ANYWAYS, sorry about that. So, my last TA on Ethereum was actually pretty freaking funny. I called a low of $745 when the price was like $1,100. And it freaking went up another $400 to $1,500 hahahaha. And the funniest part was that after it went to $1,500 it dropped and hit my target. Pretty freaking funny. Well, a lot of holders probably aren't smiling right now. BUT, we should have reason to very soon. I'm counting an ABCDE correction with a pretty straight forward count here. We have this massive sloping resistance line, but I bet that we murder it. HOW LOW CAN WE GO: I'd have to say that its possible we can reach as low as $550 based off of extensions. But looking and some indicators and the .728 fib level, its possible we reach the very top of that yellow box. Dude, if it hits the yellow at all. That is a sure fire buy! Keep in mind that it's possible we hit this long-term white line as well, if it touches it, expect it to snap up pretty hard. HOW LONG WILL THE UPTREND TAKE: So, after big drops like this, Ethereum tends to snap up pretty hard, but take its time on the first few waves. I don't expect it to outpace many other coins in 2019. I think we can possible get to $2500 by the end of this year. But I'd stay a bit conservative and just look to a target of $2,000. HOW DO WE KNOW IF WE'RE ON AN OFFICIAL UPTREND TO THE TARGET: On the daily chart, take a look at the 8, 13, & 21 EMAs. If we can get all 3 to fully CROSS over the 55, then we can confirm an uptrend. WHAT CAN HAPPEN IF THIS GOES WRONG: So we're ending an ABCDE correction. BUT, failed breakouts can very well happen. If we get a failed breakout, then this correction could continue through June. But I don't think its quite likely for us to get much lower than where we are today. Well, it looks good guys. I'm liking what I'm seeing here. It will probably be a slower pace than what you all have seen in 2017, but it'll still be a very suitable investment! Good luck guys!
KRAKEN:ETHUSDLong
by Elijah_Trading
BTC/USD -> POTENTIAL BUYING ZONENote that on a candlestick chart the price has already touched the $5857 level but I still expect BTC to come down one more time to retest it and give a bottoming formation which will most likely trigger the upside move. My personal details: Long @ Entry: $4632-$5857, SL: $3210, TP: $10000 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
COINBASE:BTCUSDLong
by Aqua_Trader
AUD/JPY - SET TO RISE?Similar scenario to AUD/CHF (See Related Ideas section below). Zig-Zag Correction could very well be over and the new impulse may have begun. My personal details: Long @ Entry: At Market, SL: 81.00, TP: 89.40, RR: 1.47 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader