Priceactionstrategy
ChainLink goes down. Now we are at very strong support. Break???As you can see we are at very strong support, so we can easily bounce back and go up. But we are in down trend, according to what the trend lines show us.
We will take swith to lower time frame, M15 is very good if you look for entry. Now we need to wait for Price action confluence in our strategy and after successful break TL or S/R will take a trade with good RRR also.
Keep in touch and see how we work.
EURUSD SHORT 1.216 TARGET 1.212 TO 1.206price is breaking the 4 hr kijun , The next support or attraction price 1.212 daily kijun and if momentum keeps on down it may bounce on the dailly SSA at 1.206 or 1.205.
Needless to say that my real target are 1.198 and 1.182 because they are equilibrium levels at the weekly time frames, but that is another story , let's first how this trade goes.
Good luck
Short Position: NEO break out this simetric triangle!!!I wil put a short position in NEO from $54 USD to sell order limit until the $28 USD, this will be my final target approximately. NEO it's look bearish in H4 timeframe and H12 timeframe.
s3.tradingview.com
This it's the Daily timeframe and I believe that buy NEO contract will be an error, because as Bitcoin dump, NEO follow Bitcoin.
s3.tradingview.com
But if you look the H4 timeframe, NEO form like a simetric triangle, and that will be considered a bearish signal. For that ,I decide to sell NEO as I have a perspective that cryptocurrencies going to crash!!!
Good luck!!!
EURUSD DAILY NEWYORK SESSION UPDATEApperently we can see the price break the support level and fundamental impact was there and pullback to the previous high now we can see the price floating the major psyhologica level where two confluence wait for confirmation and let the candle close on higher time frame then we can enter long position best is the warm up for the next week
YFI: Bitcoin🦍Gorilla & The YFI BULLS TO 96K?(NEXT SHOCKING PUMPYearn.finance(YFI) launching saw a wonderful pump and the raise of Defi coin, but since this launch , YFI has been moving funny yet leaving bulls footprints everywhere with each dip(Higher lows and Higher Highs).
Now ones again YFI is getting ready for something big.....How rich do you think one crypto bag can make you? YFI is on the verge of a strong pump as bulls are currently exacting strong pressure on the sellers line, My Targets are simple, I see the first resistance at 76k to 80k area, Here we will see a reaction and a forced retest of the breakout but the bull run will continue afterwards to my second TA of 96k.
I do have a 3rd target but my third targets will take good patience to archive as this is likely to hit 124k.
This is is no financial advice so do your research Thank you.
CAN BUY SAGAR CEMENTS FOR A SWINGCan Buy Sagar Cements at cmp for a decent 10-12% swing (can give more than this too) with a stoploss of 730 NSE:SAGCEM
most probably accumulation done which we can see on charts from nov 2020 to april 2021 and most probably weak hands also stopped out which i marked with arrow.
but its a risky entry because breakout is not comfirmed yet,but will but tommorow.
and safe trades can but at closing above 800
BTCUSD BITCOIN updates,unbrokn resistanceCurrent right now BTC is seeing a strong resistance for breakout ,
This is the 5th time testing 58354 area ..where we can see the blue line, there hold a strong unbroken resistance if it happens to break it and get to 61k then we look for retest back to 57652 area to +OB ( order block)
Note:
Watch and don't rush in and also there is probability if it continues failing to go up then we will see a bit drop down 57652..
But no certainty as at this moment afternoon NY time 14.42 7th May 2021
If you need help on spotting the chart, price action...
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EURAUD D1 TF Currently seeing an ascending triangle pattern, with the market breaking into higher lows while making several attempt at structure resistance.
For this reason, we'd be watching this pair for possible longing opportunities above structure resistance.
Remain REACTIVE not PREDICTIVE.
Please give my idea a THUMBS UP if you find it helpful; thank you !