We can observe how the price continues to decline within the descending channel. Current pullback might present a solid RR selling opportunity.
Previously we shared EURPLN short trade setup, which was closed at break even. This time is a new setup with different downside target.
This is with the H4 trend There is no pattern but it is hitting target 1 for a buy pattern Most Indices look like they need to fall tonight Stop loss of 100 pips
There is a triple top on H4 with a lot of resistance this is against the trend but there is a pattern on H1 Stop loss of 150 points first target will be the bottom of the range M15 double top with divergence Market looks weak this week
I've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460. Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above...
GTC was unable to hold the upper support and went below it, additionally, it broke the bearish flag, and going to re-test it, it can be a quick juicy short trade.
ok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
ok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
I consider a candle with a large downward shadow a good opportunity to enter a position. Preferably, if the price after such a stabbing returns to 50% of the momentum of that candle, it means that a big player accumulates a position. Of course, if we fix below this figure, the signal is canceled
I like the final structure that gave an exit to the top that before that was a triangle structure which means the last wave of the fall or rise in our case of the fall
I hope you guys enjoyed the video; if you have any questions or comments feel free to comment down below!
Another great week to be trading Bitcoin; i hope you guys traded this week because it was a very volatile week to trade.
#CTK/USDT #Analysis Description --------------------------------------------------------------- + CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel. + This signals a bearish trend, offering a potential opportunity for a short trade. --------------------------------------------------------------- ...
#PENDLE/USDT Analysis Description --------------------------------------------------------------- + As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month. + This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month. +...
USDJPY is currently in an ascending channel with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, stoploss at last swing high with target at bottom of channel also could be a bigger move if breaks down out of channel so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
BBVA is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $7 also could be a bigger move as in a channel on larger timeframe so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish. For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for...
On the 4 hour, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB) as marked out on the chart. From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a...