Takeprofit
EUR/USD:UPDATE SHORT POSITION|BEARISH SHARK PATTERN| FALL ⚡️Just an update of yesterday's idea
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What the good price to buy 1inch?I used Fibonacci Retracement to find a good buy if the triangle broke up. Hope we will have reaction on price.
Good buy is the backrest of 0.5 zone with the daily support 4.4858$
Target is the last peaks 5.8227$
If you like adventure so you can buy now and set SL when candles closed below 3.618$ (This is the strong daily support)
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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Everyone NEEDS to see this fib comparison for BITCOINI'm sure most of you know that we are definitely going up for the near term.
If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the next impulse wave 3 will more than likely also be extended to express the original strength of wave 1.)
You can also use it to measure lengths from one another and visualize the possibilities of price action.
This right here or at the end of the blue zone, is where you should take some profit if you planned to!
If you look at my previous posts, you'll see how the range with 2.618 right under OLD ATH can be reached.
BUT as you can see, if you take the size of the size of the first red C and place it at the end of the blue 1.618 where my proposed C would finish in the very top post^ before trend reversal , the 1:1 ratio will place it not a single dollar below the old 2017 all time high
A likely re-test of trendline support - profit taking in action One the 1 hr we can see it would likely make most sense for BTC to come back to retest the POC which would likely fall on the support trendline that creates the bottom of the flag. We have stalling volume and profit taking and the daily candle is finally showing red so far. . On the 15 minute we are trading under the lower timeframe EMAS and testing the 50. BTS has also only once used VWAP (The white line on the RSI) to use as a bounce support, otherwise it's always pushed below quite deep. This profit taking had been speculated for a while in the social media space that we go to 40 from the 30k retest where people take profits and now it's happening and everyone's unsure of what to do next. Well as usual we let the whales decide where they want to take us and follow the flow. Be on guard.
Potential end to BTCUSD's Huge down trend Bitcoin has been down trending for some time now and looks like it could be coming to and end :)
Price is coming close to RSI trend line and Daily trend line
TP1 42000
TP2 50000
TP3 65000
TP4 OPEN
HODL HODL HODL
HAI fib, RSI and MACD based buy setupThis buy setup is based upon zone of balance, that appeared yesterday at 21:00 UTC. This zone is highlighted by RSI that stays at ~40, positive wave pattern and point of convergence for MACD supports this zone and prediction of growth ahead. I've used fib to be more precise in price prediction for two take profit positions, which are
outlined below:
buy price: 0.0995-0.1010
take profit 1: 0.1085
take profit 2: 0.1165
stop loss: 0.0955
CTI two recent zones of entry plus one ATM with TP and SL On the chart you can see two executed zones of entry with TP and SL areas, on RSI indicator you can see that when possibility to enter the market opens, RSI tends to flatten itself. Every recent point of entry has it and at the moment you can see it happening again. Also if you look closely on a more visual information from Trend Ribbon, you can see similarities in entry zone appearance at the middle of a local downtrend. I've laid out for you expected TP and SL areas with realistic expectations of growth from 0.07$ up to 0.09$ with expected execution time period around two to three and a half days, judging by previous periods.
I said this was one for the swing traders 👌🎯This is a quick update for a trade idea I shared two weeks back.
I did say it was going to be one for the swing traders and the trade has hit profit target 17 days later.
The pair in question is a NZDUSD working the H4 time frame. Strategy is a 1:5 RR ratio.
This kind of trade epitomises the importance of sticking to the plan.
Good profit was on the table a numerous points. Slight retraces occurred but it's crucial to stick to your strategy.
A back test of 34 trade samples over three years tells me this strategy is profitable. I simply let probability play out combined with patience.
That very trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren.