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Rangetrading

Possible Swing Trade Long on EURAUDEURAUD has been ranging for quite some time. It's been ranging for so long, that it created an ugly inverse head and shoulders patterns within it. This may be giving a possible indication where the market may move once the breakout begins. Since it's inching its way up, I'm looking to go long for the swing trade. A bearish harmonic was formed thanks to the news earlier last week causing a retracement to 1.58837. Price can either come back down to retest the trendline again to reconfirm bullish direction or just continue its move upward from the daily SR 1.58837 and make the attempt to break out of the range. If a buy, TPs are: 1.59452 1.59831 1.60369 (top of range) If breakout does occur, swing trade target TP is 1.61599. If a sell, it may be short term since it is still in the range. Has to break trendline and pass 1.58271 zone to be considered a decent trade. Possible TPS: 1.57856 1.57360
Long
by NikaJourney
USDJPY is trading higher in a rangeUSDJPY was previous in a uptrend for a while untill price broke lower but a downtrend was not confirmed, price stopped making lower lows and usdjpy started trading within a range in between it's previous swing levels Price have been trading higher within the range and higher high/lows are made, the top of the range would be an interesting place to look for reversals Untill the highs or the lows of the range have been broken and a trend confirmed, we can expect usdjpy to keep trading in the range
by IG-Mofiiyah
ETH Long To Establish Top of RangeThis analysis is based on my study of the article "Anatomy of a Trading Range" by Jim Forte (i.e. Wyckoff), which appeared in the MTA journal Fall, 1994. It's quite a revealing piece for someone who had no previous exposure to Wyckoff. Chart pretty much explains it. I am reluctant to call 3 where I did given that is a 30 minute candle that the price action takes place in, but it fits better than the placement that seems more obvious. **EDIT** I don't want to enter all this again, so just imagine that the bottom of the target box extends down to $138.
BITMEX:ETHUSD.PLong
by bright_infinite
EU - NU - AU 4H Range Bullish TradesDon't trade all three (EU, NU, AU) of these USD pairs Watch this pair (AU) to make the move back bullish to ma's If it does it confirms other two trades EXIT - If AU falls back below range bottom - EXIT. Market may not have timing right for bullish move yet If market isn't ready on first move then be ready to enter long again on second or third bullish move attempt NZDUSD 4H Long Trade Buy Stop @ .6753 1st Buy Take Profit @ .6789 2nd Buy Take Profit @ .6810 SL below swing low
Long
by Tradingstrategyguides
KMD/BTC Wyckoff accumulation rangeI am not familiar with the fundamentals of this coin, nor have I read any news about it. However, a very good example of a Wyckoff accumulation range, complete with the matching volume profile on each step and phase of the accumulation has been formed here. Waiting for the last step before the markup (phase E) begins. Needs to show a "sign of strentgh" (SOS) and break above the range high followed by a confirmation of the range high as a new support (not necessary but healthy for further growth). When we see that happen, this trade has been validated. Keep in mind, this is a daily timeframe chart, and it might take weeks to play out . Looking for a potential move of 50-60% here. Invalidated if the price makes a new low (below 1350) An illustration of a Wyckoff accumulation schematic can be seen here: steemitimages.com For those curious about how Wyckoff method works, more details with the description of each step and phases can be found here: stockcharts.com
Long
by eyupium
3
CHFJPY BUYYCHFJPY buy opportunity. Price has reached historical demand level. It might be false breakout, average traders are in profit from sell setup and sooner or later they have to be in loss. I would set profit target on 40 pips with R/R 1:2 Follow me for more ideas and stay tuned. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
Long
by Michalangelo
Can ETH reject dead cat stigma? COINBASE:ETHUSD is beginning to form a range between $113 and $160, just north of the recent $80 bottom. Meanwhile the RSI is showing signs of life. Unfortunately fundamentals are lagging. Recent downward action occurred in-time with the Constantinople delay. This marks yet another delay in a long list of those given by the Ethereum Foundation. As the upcoming fork-hype helped ETH lead the market last week, I can only imagine there are many disheartened investors and traders today. Any decent move against these fundamentals would be a huge bullish signal in my eyes. I'm keeping a close watch and a tight stop.
COINBASE:ETHUSD
by James_D