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Simplepatterns

Pushing the CARTESICTSI is currently trading just above its long-term support. Although it may be tempting to show a breakout from the current structure, I believe it will continue in its accumulation phase for the short-term. This is due to the lack of stepped formation in its recent breakdown of price (instead a strong red candle formed as seen on the chart). The stepped formation with long wicks would be a good signal for a CTSI breakout (as seen in previous breakouts). A great entry point would be between the 0.59 - 0.61 range. A good entry would be between 0.61 - 0.65. Remember, the idea is cancelled if a daily candle closes below the support. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Always DYOR and please feel free to leave a comment with your thoughts!
Long
by kush23456
2
#ETHUSD hugging the 50 WMAETHUSD is hugging that 50WMA with small retracements to WMA level and continuing its uptrend right after. Also looking like it has broken out the ascending triangle on the hourly chart that it started forming the start of the year and now it's off to maybe even pass the 1400 level which was the Jan 2018 highs. Very bullish on this pair because of what's going on in the world economy, but, also since CME will be debuting ETHUSD future contracts this February and CBOE is planning to roll out cryptos this year. This could mean more institutional money! 🤑🤑
COINBASE:ETHUSDLong
by EllaineEscueta
EURAUD Potential Break & Retest OpportunityA brief overview of EURAUD. We recently broke a major key level in the market, potentially indicating a newly formed trend to the upside. New HH and HL have been put in before the break, and with 3 hours worth of information indicating a bullish sentiment, a retest of the previous structure and evidence of wick rejections could really help validate this potential trading opportunity. Remember this is just of my own opinion, this is not financial advice, this is for educational purposes ONLY!
Long
by RockzFX
9
Sunday trade review NZDCAD long. Afternoon traders. Every Sunday I review the trades I am currently entered before markets open. One lesson I have learnt over time is sometimes the best trade is the one you already in. Here's one trade I am still currently in from the 11th of November on NZDCAD long. Trade status is running at a risk to reward ratio of 1: 3.63 before markets reopen. The strategy I am using here on the H1 time frame has shown best results following the trend with a stop loss. I'll hold this trade to next signal occurs as the 144 pips gained so far could well increase or if trend reverses I'd still expect to bank a good few pips of profit. For more information on the strategy I am using please feel free to message me.
Long
by RichScott
Indicators or Naked Charts?My dear 5 followers, today I want to share some revelations during my time trading. I was looking at some old screenshots and pictures in my computer that are from the time I started trading which was a little over three years ago. I was suprised to see how many indicators I had on my charts, and I reflect upon it as the total noob stage of trading. When you start trading you are in love with the very concept of trading and everything about it. Suddenly your self esteem increased because you know a little about trading, you are now a trader, albeit a terrible one, its still is a sexy thing to say. And with all this new world of trading, like a child filled with no experience and absolute enthusiasm naturally your attention gets caught by the shiny colorful sexy looking indicators. And because you understand this indicators, your self esteem goes higher because now you know what they mean and that feels great to understand what looks so complex. Then you start trading, and you quickly realize that it is not that easy as you thought, because you have no clue of the emotional psychological experience of trading itself. Eventually either you learn somewhere or you realize that these beloved indicators are actually confusing the hell out of you in the heat of the moment, and you start scaling back. You read somewhere that less is more , and ''the more simple my strategy the more money I make". You resist this because the indicators look so good, your identity was tied with how smart you are that you can read them, and the time you spent learning about them. You realize that you are not a trader because you want to impress your friends about how you understand all these indicators but that you are a trader because you want to make money. Then you realize that all these indicators are holding you back and you start removing them. Each one you take off feels like saying goodbye to your best friend, or that exgirlfriend that you hate but you keep coming back to her. Then once you get rid of them, your results start to improve, so that motivates you to remove some more. Eventually you are just left with support and resistance, and you look back at your own journey and you look at all these ideas on trading view and you realize how everyone si going through the same journey, we are all essentially the same. So I encourage anyone reading this to understand that the traders journey is going from complex and fancy to extremely simple and straightforward, how quickly you realize this and go in this direction is how quickly you will achieve success. Don't get stuck in Indicator Land too long.
COINBASE:BTCUSD
by mrwizard9000
7
Keeping it simple Head and shoulders pattern I believe this pattern will play out for the bears also head and shoulders pattern play really great in Risk reward as well as a high probable trade for binary options as well as spot trading opportunities: I also know there is a lot of confluence at the level of the left shoulder failing already as i type this. i will put my SL into TP . i have a bearish engulfing signal on the 15 min that you would see but on the hourly its a RED BE WHICH IS CANDLESTICK ANALYSIS ALSO PLAYING IN. Also the risk reward is about 4:1 which is something i really like. Were keeping it simple and we will see how this plays out in the hourly
Short
by Helloandtrade
XJO end of 13/06/2020. Opening green next weekFinally, a pullback we've been waiting for. XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level. Tested the 200MA and will be interesting to see if we hold the 200MA next week. RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday. Apart from the technicals, other reasons for the pullback include 1. Fears of 2nd wave 2. End of financial year profit-taking 3. Federal reserve grim outlook 4. Riots Next week will be a decisive week in determining which direction the market is headed. The overall sentiment is optimistic but the market does not care. Next bullish target is 6380 level. All the best if you went Long on Friday on short-medium term positions.
ASX:XJOLong
by ashainp
3