EUR/GBP is being held above the 61.8 fibs on the daily candles. Currently am considering a long position with tight stop loss below the 61.8 area
GBP/USD is holding below a very strong resistance level with a short opportunity present. I am looking for the next few candles to close to ensure confirmation.
The 4 hour downtrend has been broken on EUR/USD and a new market structure is forming.
Currently I am seeing a small short opportunity before a long up to the 1690-1700 mark. It is currently sitting below a strong level off resistance and may have to retest this zone before making a move up
XRP has potential long opportunity if it holds above short term resistance
Looking to catch the retest on the trend i think this push down has a bit more left in it. i have set a few take profits and will be watching these areas very close if they hit. EMA crossed the VWAP 2 days ago can only see this pushing down at the moment.
Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign) My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for...
Price is pushing into the 61.8% resistance level on the daily and has found a little consolidation channel. If we can break above this channel, I'd long to the next key level (78.6% on the daily), possibly taking some profit along the way if we come into resistance earlier. If we form market structure breaking above the channel, my stop loss will be just below the...
XMRBTC 4hr Binance - consolidation breakout setup - Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend. - At the moment price is ranging between the 4hr support and resistance as it approaches the current trend. I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680 or...
Pushing on the overall daily downtrend resistance line, if we break 4Hr resistance and daily downtrend see it going back to 190-200 supply zone . If we fail to break this resistance area I'm thinking a pullback to the 150-140 zone. Would be waiting for confirmation either way. Thinking a move could take place tomorrow or the next and take a few days to play out.
Original wedge breakout never eventuated. But one of the trades is still a possibility, 1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance. 2) Another option is to place an order at the Demand block. I see two demand blocks...
Downward Wedge has been forming on LTC, It is also approaching a low demand zone Options 1 & 2 looking for break and retest. Two possible entry points, either around 5790 mark on the retest from the break out, otherwise wait for 5890 resistance to break for the 2nd entry. Option 3 Limit order set at top of demand block for a longer term long to previous...
Broke 4hr Resistance, Bullish Divergence, Heaps of volume Looks like overall uptrend, should re-test 8000.
Closed out my long early at 7442 couldn't see the 7800 Broke the overall uptrend Market looks like its turning, head & shoulders forming looking to go short back down to 6900 or more...
Hopped onto the charts earlier in the morning. Started out with basic support and resistance zones and noticed an uptrend. While looking at the uptrend i noticed a inverted head and shoulders. Using that indicator and trading with the trend, I was able to find a nice trade which although it hasn't hit my take profit just yet, it did play out quite quickly.
If we see a close above previous structure @6850 on the daily i think it will break out of this triangle and we will see $9000 again as long a the trend holds ill stay in a long position if not i think we will see $5500 again first.
well for all the guys and girls out in crypto land here's another jem, just my opinion mind you BUT bitcoin is not quite ready to sing the high notes like its knackers are on fire just yet, not so long ago on the 12th of march we all had our pants pulled down and got spanked like a naughty step child, its coming very close to the price it stated from and will hit...
Bitcoin - 4hr - BitMex(XBTUSD) BTC has been creating Higher-lows and respecting the short term uptrend, since Mach 16. Resistance was found at $7k tested multiple times and was rejected until today, when price was squeezed and is starting to creep above $7k. BTC has had a 4hr close above $7k which is the first step towards a breakout to the upside. I will be...