Bitcoin Pullback to Broken Trendline??Bitcoin has broken the short-term bullish trendline. If pullback to this area and see the return candlestick, you can enter the short position to targets 39,000 and 36,500.
Pullback
AUDUSD: Minor Reversals 🔥Although the trend is now bullish, that doesn't mean we can't capitalise on some minor trend retracements.
If we push into this minor OB within the supply and get a rejection, we may be able to get some lovely sells!
SP500 Short Term Sell ideaD1 - Bearish convergence followed by a pullback.
Price respected a strong resistance zone and is bouncing lower.
H4 - Bearish convergence.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds my short term view remains bearish here.
HOW TO TRADE PULLBACKSHello everyone!
Today I want to discuss pullback trading with you.
You may have come across such a situation when you were waiting for a pullback to enter the market, but the price did not stop and went further.
In the place where you expected the end of the rollback, there was a breakdown, and you did not receive an entry point.
Something went wrong?
Trend
Trend is our friend!
The most famous and most important rule.
At the beginning of any market analysis there must be a trend definition.
If you want to trade pullbacks correctly, you must determine the direction of the trend.
If you are trading on the hourly chart, you must determine the direction of the trend on the daily chart and wait for the right situation on your chart, while trading, of course, with the trend.
There must be a trend in the market in order to trade on a pullback.
Trend types
Trends are different, of different strengths.
They can be divided into three types:
1. When the price bounces off the 20MA and stays higher, we say the market is in a STRONG TREND.
2. The price bounces and stays above the 50MA - GENERAL TREND.
3. The price reaches and bounces from the 200MA - WEAK TREND.
Knowing these types of trend and being able to understand the movement will help us enter the market at the right point.
Point of entry
The entry points will be the areas around the MA lines.
Here it is worth focusing on the word REGION.
You must understand that the price can go below or above the MA and only then turn around, be prepared for this.
Entry on a strong trend
In a strong trend, the price stays above the 20MA.
At the same time, you need to remember that with a strong trend, rollbacks are not deep.
This means that finding the entry point will not be so easy.
But you can open a position after the breakdown of the last maximum.
Entry on a regular trend
In a normal trend, the price makes deeper pullbacks.
The price is testing the 50MA, while the previous resistance may become support.
These are the moments we are looking for to enter.
In such zones, we will wait for a price reversal candlestick pattern to enter.
Entry on a weak trend
In a weak trend, pullbacks are even deeper than in a normal trend.
The price makes a strong pullback, reaching 200MA.
When the price of the zone is reached, we are waiting for confirmation - a candlestick formation.
Closing positions
Closing a position is just as important as opening it.
The main signals for closing will be the price movement beyond the MA line.
For example, in a market with a strong trend, the price may go a little lower than 20MA, which is not critical yet, but it makes you be more careful.
It is worth paying attention to the support level, which should not be broken by the price, but if the price still breaks through the level, then the position must be closed.
With a weak trend, it is worth remembering that pullbacks can be deeper and the price will go beyond 50MA.
You must be prepared for this.
Watch for a support level that should not be broken.
With a weak trend, holding a position is the most difficult.
The price will make strong pullbacks, which will eventually force you to close the trade.
Sometimes the price, having reached the desired zone, does not bounce right away.
Consolidation begins and if you see such a situation, the best entry option would be to exit the consolidation zone.
You must have a plan for every occasion.
conclusions
Trading with the trend is the most profitable business.
You must be able to identify the trend on the higher timeframe and, importantly, be able to wait for the right situation on your timeframe.
The market cannot be predicted with 100% certainty, so use stops and keep an eye on support and resistance levels.
Good luck!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
SOL On the Road of Correction!!!in daily timeframe I see a pullback to the support that has been broken, my first target is 66 !!! maybeeee ...
Short USDJPYIn case the price hits the resistance area and the entry trigger can enter the Short position
BTC - We've Seen This Structure Before I've noticed that with the recent BTC price pop, it has formed simmilar pattern as it did when btc was topping on a larger timeframe. Patterns look identical more or less, and is a blueprint for me to say that we could have another small pullback that could even take us a bit lower but not by much. 29k technically will hold as most of the shorts that were opened at the top have already close so we are just experiencing last flush. It will be over soon.
Imagine the euphoria in altcoins that is to come to the market when prices finally break up after being suppressed for that long. It is gonna be amazing.
DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
✅MANA TIME TO SELL|SHORT🔥
✅MANA was trading in an uptrend
But the pair broke the rising support
Of the rising wedge
Which makes me bearish biased
And I am expecting a move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
UPTREND UPDATE Hi everyone ,, Like i expected the head & shoulders pattern was completed and we had a breakout ,,
however ,, the price has bounced back from a resistance area which is logical ,,
now im expecting a pullback for the confirmation ,,
and as we can see on the 15 M frame , we have another head & shoulders pattern ,,
and everything else is explained on the chart ,,
But to be honest ,, i don't think we will hit the target this week ,,
TRADE SAFELY ;)
BTCUSDT Reached the Peak of this Cycle, AB=CD patternBTCUSDT Reached the Peak of this Cycle. On this chart you can see Fionacci's golden ratio correlations in a daily macro overview. We have a strong confluence between the actual peak as a pullback to Head and Shoulders neckline and the count of timeframe besed on golden ration, peak by peak. A monthly target is speculated based on AB=CD harmonic pattern.
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair!
**EURCAD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Dead cat bounceOANDA:AUDUSD is in fourth wave.
Wave b is over beginning point of wave a, so more likely that is irregular flat wave with wave c = 1.618 wave a. If it's true, we have target at 0.75
After that, AUDUSD will down to 0.65. That price is target of fifth wave.
Time will tell.
Dydx/USDT Wait For PullBackas you see in the chart dydx has one breakout from this bearish trendline. we have to wait for PullBack to get a long position.
Pullback from Fibo>!Progressively lower volume as the pump goes up. RSI way overbought. Dump likely, perhaps to a higher low at former resistance line.
Not advising to short it, consider taking longs risk-off.
SPX: As we expected, it filled our first gap! What's next?Hello traders and investors! Today, the SPX hit our first gap, as we expected. However, we must be careful, as the situation is quite complex.
First, in the 1h chart, the index moved according to our bullish thesis: It broke the purple line, traded above the 21 ema, and it filled its first gap at 4,583. This point is a natural resistance, and if we see a pullback lasting a few hours or even days from here, let’s not be surprised.
The thing is that it did another gap today, and we still don’t know what kind of gap this is. If it is a Runaway Gap, great, the SPX will probably break the 4,583 and close above it, confirming a strong bullish momentum.
If the gap resistance holds the price, and if we correct from here, this gap might be just a Common Gap, and a target for a possible correction in the near future, along with the 21 ema.
This wouldn’t be a problem, as it wouldn’t ruin the bull trend seen since Jan 24, but this will surely delay any other bullish structure it could do next. So, be prepared for this scenario.
In the daily chart, everything is going according to the plan, and it seems we have a bullish pivot point in process. By breaking the previous top, the index will confirm a bullish structure that could last for a few more weeks, and will probably hit our final target at 4,652, which is our second gap. Remember: Gaps work as magnets.
We are finally above the 21 ema, and there’s not a single bearish structure that could convince me we will reverse from here.
I’ll keep you guys updated on a daily basis, so remember to follow me to not lose any of my future analysis! Have a good day.
short term sell on goldthere is a bearish divergence on the 1hr. it is a regular bearish indicating a bull back, it already came back and tested that area after divergence. going to fall about 1500 - 2000 pips to the 1815-1810 area
