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Structuretrading

It's not over, just pullback. Bids @ 7150 and up #BTCUSDDaily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap. If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon But, that consolidation could go on for awhile. I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or get in around daily cloud support. Looking for retest of the Daily cloud top, volatility consolidation, and QRsi trend test and/or build new qrsi flag. 7150-7400 is where I guess support will be depending on the velocity if / when we dip.
COINBASE:BTCUSD
by SNOW_CITY
Short on emerging pattern recognitionMultiple setups on this trade 1. Price action pin bar confirmation shows short term continuation of the downward trend, previous structure lower low has come in contact which is also 38.2% fib level. 2. longer term Head shoulder pattern is emerging which is also pointing downwards. Trading plan 1. Trade at open 2. With stop loss to be set at 50% fib levels 3. 1st target as the previous structure low also a support from earlier consolidation 4. 2nd target to aim previous low which would confirm the emergence of the head and shoulder pattern. Good luck! Stay disciplined, else the market will discipline you!
LSE:BEZShort
by BeardedQuant
Nzd/Usd Daily Chart. Price Respecting Structure Levels.Nzd/Usd is still respecting the TREND STRUCTURE LEVELS DRAWN ON THE CHART with the Yellow Lines. So if you go to the daily chart and change the chart from a Candlestick Chart to a Line Chart you can Identify these levels with relative ease! When Drawing These Level's , You need to prove to yourself that this is indeed the levels of structure by drawing arrows, changing charts to line charts, even heiken ashi if needed. Price came down to a level of structure and touched it PERFECTLY... And I believe that it will move up from here! Should you enter a buy because of this information alone? NO!!! Confirm a buy with moving average crossover, or however you confirm the buy with your trading system! Remember to take profit at the next level of structure just in case price moves down from there... Details on the chart! I hope it makes sense!
Long
by RlcTrading
EURUSD - ShortThis one looks like the business so far. I mostly trade technicals (i'm a numbers man, numbers don't lie and for the more spiritual ones like me, everything is energy and energy has its sequences and cycles) why i love Fibonacci. So...... EURUSD, on the high time frames (Daily) clear to see we have moved into somewhat of consolidation. And for me trading harmonics in consolidation is fine as the range price is in tends to coincide with the entry point of a given harmonic. We have two potential harmonics, the cypher, which has just completed and the Shark pattern should the cypher fail. I'm leaning more towards the shark pattern playing out because i'm not seeing enough confluences atm for the cypher. i.e. MACD volume is strong and there is not divergence here or in the RSI. RSI hasn't crossed over into overbought yet so the bulls are still set to push price a little higher potentially. Now my other two indicators are based on money flow, these are showing that over all the BEARS have the overall upper hand but this just gives me more confirmation that price will shorten its just a matter of a prize zone being hit first. For me i'd expect price to reach 1.14745 prize zone (give or take 10-20 pips) as looking back this structure has had significant movements off of it. Should price break through here and push the pair into and even greater overbought (rsi) condition, i'd look for entry between 1.1516 and 1.1558 (two significant price areas and major structure levels. Confluence would come by way of money flow showing divergence and fibonnaci bollinger price crossing 1 and MACD divergence. RSI at this point would be way overbought. May have to wait until next week for this to start to move in the direction we want but hopefully price gives us a reason to go short sooner.
Short
by Kristof1989
EUR/USD - SHORTING OPPORTUNITYHey Traders, On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence. We can get involved in two ways: 1. Aggressive - Short now with stops above double top and take profit at structure lows. 2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the double top, then enter at the 61.8 fib level again stops above the double top and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.
Short
by shah-n
3
DXY Previous idea invalidated. POSSIBLE RETRACEMENT SETUP.My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks. Always remember that structure takes precedence over fundamentals. Fundamentals coincide with structure.
TVC:DXYShort
by marcopips
USD/CAD Long Setup If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher highs and higher lows. This setup has a 70 pip stop due to NFP today and therefore should be sufficient to ride the "noise" however a clear break of this trend line will invalidate this structure, suggesting USD/CAD has entered a bear market. The setup has a potential of gaining 165 pips with a risk/reward of just over 2.3, which gives it good value to enter.
Long
by Shivam_93