ETHEREUM ON THE MOVEEthereum breaking out and targeting 4k zone... move has been imminent with slight pullback in BTC dominance.
Is Altseason finally upon us?
Longtrade
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
Whirlpool - Bounced from SupportWhirlpool closed in positive last month forming a Bullish engulfing candle and managed to close above august month highs( hammer candle) another positive sign.
The structure of the stock is maintained as HH and HL
Volume was good both on the hammer as well on Bullish Engulfing Candle.
Now We have a support zone of 2130-2080 on the monthly chart. if the stock sustains the same, the stock might move towards its previous highs. ie. 2600- 2700 levels in the coming months.
Current levels: 2294
Type of Trade: Positional, Support trade
time frame for buy and sell eth 4HFrom today till Wednesday prices are going down 👇for 10-15 days. best time for buying around September 5th and after that price goes up. those time frames are working for BTC too
first target 2500-2650
second target around 2100
this post just for education purposes
AUDUSD Long Trade SetupIt seems like the 4th wave is in the making, and if this is the case, the next wave should be the C. That's why I want to take a long trade. The last low can be the end of the wave B, and it looks like we have a reversal structure. Now, I'm waiting for a small trade setup over the yellow trendline to place a pending order.
AUDJPY Long Trade SetupMy forecast is more upside for a complete regular flat before the next downward impulse. That's why I want to take a long trade and hedge it around 0.618. If my weekly forecast is accurate, the next wave should be a quite big downward impulse for a few thousand pips. To take a long trade, I need a correction over the yellow trendline. Then I'll place a pending order over the last top with SL under the trendline.
EURCAD Long Trade SetupIt seems like a running flat is in the making between the green lines. If so, we should get an upward impulse for the completion of the wave B. That's why I'm looking for long trade setups. As you can see, my expectation is more downside first because we have a nice Fib confluence around 1.47050 between 0.886 of the green A and 1.272 of the blue A. That being said, we can have a reversal immediately. After this point, whenever I see a trade setup, I'll place a pending order.
Potential clear LONG on AUDUSDThe price clearly broke the bearish down trend and came back to test it + very clear fib rejection
AUDNZD Long Trade SetupI think a huge correction between the red lines is made, and the last low can be the end of it. The last part looks like a squeezing channel, which is one of the best reversal patterns. Although everything looks good for upside, it's still in the channel, and it can come down more. What we have after the last low looks like a reversal structure. Now, I'm waiting for a lower degree trade setup to place a pending order.
GBPUSD Long Trade SetupIt's too early to say, but it looks like a running flat is in the making between the green lines. Based on that structure, my forecast is an upward impulse. That's why I'm looking for a long trade setup, and it seems like we have a reversal impulse after the complete expanding flat between the blue lines. Now, I'm waiting for a small correction to place a pending order. Instead of an upward impulse, a correction can be the next structure for more downside, but it's OK because in this case, I'll have time to hedge my trade.
Usdjpy Potential BUY Setup We looking at the USDJPY
expecting the candle to respect the downtrend by forming new lower highs where i put my entries has ben indicated in the charts
so wacth and let us know hat you think in the comment
XAGUSD Long Trade SetupOn the daily scale, a running flat should be in the making, and it seems like we need an upward impulse for a complete wave B inside that daily running flat. So, I'm looking for long trade setups. As you can see, we got a bounce-back, which can be the reversal impulse, after a new low, which can be the end of the wave C. Now, I'm waiting for a correction to place a pending order. If my forecast is accurate, the white line should be broken. That's why I'll probably set my SL under that level. My target is 30 - 32 area.
AUDCHF Long Trade SetupWe may have a complete correction, and if this is the case, we should have a reversal impulse. Now, I'm waiting for a small correction to place a pending order. The only thing that I didn't like here is the depth of the blue ABC. Even 0.382 retracement level has been reached. Of course, it can be a shallow correction, or we can have a bigger one. We'll see that part, and in the case of the green B, I'll hedge my trade.
EURUSD Long Trade SetupOn the bigger picture, it seems like a corrective structure is in the making. If this is the case, we should get an upward impulse to 1.22 - 1.23 area to have a complete B wave, which will be a running flat. That's why I was waiting for a correction like the yellow ABC. Now, I'm waiting for a complete correction after the potential reversal impulse to place a pending order.
uni futures wait for the last candle in the channel, if it breaks, wait for pullback for a long position. if the power couldn't break the resistance the you can enjoy a short position BYBIT:UNIUSDT
EURGBP Long Trade SetupWe may have an expanding flat, which might be over at the last low. If this is the case, a reversal structure should be in the making. I don't want to place an order above the reversal impulse because it can make a correction and new low. That's why I'm waiting for a complete correction and a small trade setup to place a pending order. I'll move SL to BE when the last top is broken and see what will happen next. My target is 0.87150 for a complete running flat.
ONG, ada's stronger older brother!ONG is a silent beast.
We see that it was trading under $.10 around the same time cardano was in april 2020. Which of the 2 coins hit $4 first? I'll give you a hint, it wasn't ADA.
ONG's price structure has been developing very nicely since last year.
- RSI is in a up trend, creating higher lows
- Heading out of the Bearish zone in the Stoch RSI.
- Consolidated + Bounced off the .618 Fib beautifully
- Higher lows and Higher highs
- Strong diagonal uptrend
Only thing left, probably the most important thus far, is to have a candle close above the $1.21 price area on at least the 1 week. That will be the confirmation we need to propel us to $4 USD!
XAUUSD Long Trade SetupIn the bigger picture, a correction for more downside should be in the making, and we should be in its C wave. That's why my expectation is more upside, and my target is 1924. I think we have 2 options here. The structure between the blue lines can be a complete running flat, which looks pretty ugly, or a correction like between the green lines is in the making. In both case we should see some upward movements. That's why I placed a pending order over the trade setup. If it makes the wave B, I'll hedge my trade.
XAGUSD Long Trade SetupI think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't think we have a complete correction yet. But I'll take a long trade if it follows the blue lines, because a correction there will be a good indication for a new upward impulse.
XAGUSD Long Trade SetupIt seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order. It's possible to set an order to 23.75 with SL at 22.80, but it's a pretty wide stop. My target is 32.
Lets Find Out Who is Strong Gold or Usd "XAU/USD".1:Market in overall bullish trend.
2:Market Respecting Fibs Level.
3:Weak bearish momentum at previous level of structure.
4:Moving Average under the price, showing strong momentum.
RR:1:2.
Notes:
:Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation.
:It is all about probabilities.
:Look for News.
:Follow for more Ideas.
If any quire Comment on send me direct Message.
I'm Going with Gold, what is your take Comments.
MUTHOOT FINANCE long set-upMuthoot finance, long set-up enter above 1486 INR, the price movement retracing with golden ratio from the previous swing.
CHRUSDT Binance Long 13/08/2021CHRUSDT will be above 0.34731 for long trad
TP: 0.3620$,0.4100$,0.4780$,0.5300$,0.5900
