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EURNZD 1D 500pip BUY - for week starting 29.3.21Hey guys hope you're doing well reading this. Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is exhausted / rejecting of the 0.618 fibonacci level which is a good sign. This fibonacci level also back tests nicely to show a common area of resistance We can see great divergence on the stochastic and macd indicators suggesting there's an incoming sell move. Price is also at a monthly high so psychologically speaking selling pressure should increase. We'll have to wait this out for confirmation as the Euro has been getting stronger towards the end of this week. For confirmation we can wait until a strong candle crosses and closes below the orange trend line which has only recently been broken for this first time. As always any advice is appreciated Vince / Vmoney
Long
by Vmoney10
USDCHF BUY - IS SIMPLICITY ALL YOU NEED?A lot of room for error as this idea is being published way before the expected move is going to take place. Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success. So is simplicity all you need? We'll find out in a week or two or three yolo, Vince.
Long
by Vmoney10
2
ETHUSD ENTRIESETH is about to touch all time high resistance back in the middle of February. I believe that ETH not only kiss the resistance but bypass it and continue to moon. Correction seems to be over. But as always, nothing is guarantee. My Simple price action strategy will assure you with big gains with little losses. Message me if you want to know how to utilize my strategy. Love helping yall achieve what we all want to achieve. When resistance breaks (red) enter for a buy When support breaks (green) enter for a sell. Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south) Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south) COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
BITSTAMP:ETHUSDLong
by HustlersCircleFX
Where are you at?Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a retrace candle on 4H timeframe to get a short position. There are a lot of space on Daily timeframe to get to our main level of support 1.3400. Let's go!
by Infinity_Limits_Trade
GBP/JPY Idea EntryEntry on Breakout and Hold of counter trend line for an aggressive entry Or Enter on a small LH formation for a less aggressive entry. *This may seem as an overly strict strategy to some, but your edge needs to be spot on each time. willy nilly trades with any old LHs or breakouts etc. Is just a recipe for losses and losses. With my system I know within 1 candle if my trade is valid or invalid, i act accordingly. If the market closes above my entry(Sell trade) I know that the market isnt giving me the momentum that im looking for and the probabilities have dropped. And if the momentum does appear in the markets then i know the probabilities of a TP or at least a BE trade are very strong.* *Backtest your systems everyday, find patterns beyond the original LH or breakout etc. narrow your edge and finally see what profitable trading looks like. It's boring but effective. If this trade closes 1 pip above my entry at any time im closing and i will for every single setup because theres no Hope in the markets its black or white, valid or invalid.*
Short
by adamhylandnew1
6
Trading RangesWhen price is captured between a ceiling and a roof, its better to BLSH. what does BLSH means? It means Buy low, Sell high. when price reaches the top of trading range, you can bet that it goes down. You might say "why? Isn't that at some point it will break out of this range and start to trend?" I will say to you yes, BUT most of attempts to break out will fail. You can see in chart that how many times EURCAD tried to break out of her prison, but it couldn't do it. So, if you see price reaches top of trading range AND you have right signal you can short. Here in 22nd of December you had you signal. in that day price tried to reach higher but it did reverse and came back, the long tail on top of the candle says that to us.
Short
by Trading-with-Ali