BIT - Buying timing with good R/R ratioBYBIT:BITUSDT
1H trend chart
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BIT is going to break out the long-term downtrend line.
If price can take the line out or wait it to stand above 1.885(Fib 0.618),
we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 1.945----Blue horizontal ray
b) 2.078----Fib(1)
c) 2.215~2.271----Fib(1.272~1.382)
d) 2.389----Fib(1.618)
Stop losses:
a) 1.797-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Techicalanalysis
SOLUSDT - TP/SL for breakout of Darvas box BYBIT:SOLUSDT
1H trend chart
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SOL is consolidating as a Darvas box so far.
Now it is trying to break out the short-term downtrend line, but might get resistance from the ceiling of box(orange area).
So we can wait it to get rid of this box, if it does, trading strategy as below.
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Profit Targets:
a) 174.475~175.330----Fib(1.272~1.382)
b) 177.160----Fib(1.618)
c) 180.130----Fib(2)
Stop losses:
a) 169.440-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
SXPUSDT to drop to 2.000Since the market has hit the resistance Zone (line) and gave a downward pin bar at 2.430, it shows that SXP will drop at least 2.00 (the nearest Support) or furthermore, to the main support at 1.430
BTCUSDT: Consolidation = Opportunity!These are just my own thoughts and analysis on BTCUSDT. Do not take this as financial advice.
BTCUSDT has been in a symmetric triangle formation in the past 15-20 hours. This means a breakout or a breakdown. Either way the price goes, it is profitable! Keep a close eye on this pattern.
My setup(not financial advice):
Close Above 10MA of the high: Long
Close Below 8MA of the low: Short
Liking and following will be greatly appreciated, comment down below on what you think!
Eurjpy possible one more move down Selli m looking for one more move down to atleast to previous weekly lows beacuse its made a noce bid correction i will wait for it to make a nice daily or at least four hour flag them im interested in to sell lower let see how its goes.
Huge opportunity for ETHBTC!We very recently broke the trend line that has been forming heavy resistance since the beginning of June 2017. It looks like ETHBTC will be up for a huge run up. Let's see how this idea ages
AUD/JPY Short IdeaMy Thoughts on AUD/JPY Price is Due Large Weekly Bearish Phase I will be looking to Take an Opportunity if I get a Momentum Shift and Break of Trend on the 30m chart. I am a Daytrader, so I will be looking to take Sells on all my JPY pairs for the foreseeable future. I dont recommend trying to Swing Trade this Reversal as the markets can usually behave erratically around Major Reversal Zones.
I want to wish Everybody a Happy New Year. Blessings and Positivity for this Upcoming Trading Year, it's setting up to be a great one.
USD/CHF Wychoff Accumulation SchematicBeen trading this schematic for weeks, and decided to finally post my analysis post-election. Comment your thoughts on the long-term bias if it defers from mine.
NZDUSD 4H timeframePls like this post if u find this idea helpful.
We wait to see what the price will do but we think this is end of strong uptrend for nzdusd.
We are waiting for Breakout and Retest to go SHORT.
We can maybe see a big drop in the price in next period.
02-06.11.20 | XAU/USD:Greetings dear traders!
For you attention, technical picture of xau / usd for current week.
Math indicators:
• Average volatility of asset per month: +-507 points;
• Average change in asset per month: +-263 points;
• Week targets: We waiting a big volatility , because of President election in USA;
Famous zones:
1855-1848 - Support
1927-1933 - Resistance
With best regards,
WMCI
SBIN Heading to 220,230 in 15-20 daysSBIN has given ascending triangle breakout on 25-Aug (on daily chart) with high volumes & is in rising channel pattern now. RSI is at 67
Now it's Heading to 220,230 in 15-20 days SL 200 this is around 5-10% R.O.I
USDJPY might be preparing to push towards 108.30USDJPY has rallied past initial resistance at 107.22 and is seen to be pulling back at the moment. In the short term, focus should remain for a potential rally towards 108.30, until 106.00 remains intact. The wave structure highlighted here since 111.75 highs is as follows: The drop from 117.75 through 106.00 was an impulse, Wave 1 on the chart. The subsequent rally reached fibonacci 0.618 resistance around 109.85, Wave 2 on the chart. If the above counts are correct, USDJPY is progressing lower in Wave 3 since 109.85. Bottom line: USDJPY needs to stay below 109.85 for the above structure to hold. We favor short term bullish move towards 108.30 against 106.00. Then reverse.
Long, stop @ 106.00, target @ 108.30.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
A little LongDeal with medium risk. Try to trade for a breakdown of the ascending triangle with aim of retest level of resistance.
Deal
Buy: $8 900
Take Profit: $9 490
Stop Order: $8 690
Risk|Profit: 1|3
Good Luck Have Fun!
CADCHF ShortOverall trend o CADCHF is bearish o the weekly time frame. Expecting more bearish movements after the breakout of the short lived bullish trend. We should wait for a retest from breakout zone and enter a sell position. First take profit target set is at 0.68735, second take profit is set at 0.68338 and the last TP at 0.67600.
posstible forescast spythis pattern been made by the spy few times before
we are in a bullish wedge
pullback failed the 266 support and touch the 262 still i think we will hit the 282 300 market need cross 274
to many good news going on
only reason spy drop from 330 was for the corona virus pandemic
very oversold rsi ma looks very good for more rally
support levels
266 262 252
NZDCAD DAILY 11/30/19NZDCAD LONG IDEA
NZDCAD has been very bearish on the higher time-frames but we have seen a bit of a bullish trend on the daily.
We can see that the weekly resistance level around 0.85000 was broken last week and price action is currently consolidating.
Although we see a lot of exhaustion on the daily there is bullish pressure still present. On a 4hour time-frame we can see that this area is consolidating in a range and has formed a rectangle.
We will need to see some conviction and this range broken but ultimately we are looking to target higher
The daily 61.8% and monthly resistance around 0.86400 is going to be our target which is about 115+ pips higher from current price
AudUsd Rate Pair - The Aussie Rate AudUsd Rate Pair - The Aussie Rate
The Aussie Rate from my experience of watching and through observation on this Rate. Is that the full monthly chart cycle is a little incomplete from the top of the current monthly chart Range at 1.1039 towards the lower end at 0.0623.
I can only justify that through many years of experience at using the Fibonacci Gauge Lengths will prove valid and by my own account through the monthly chart cycle phase price will continue onto A Lower Low end outcome towards 0.0623
Is at 80% percent inside bar re-tracement lower of the current monthly chart high cycle. As reference point this analysis is based only my expertise of using the Fibonacci Re-tracements Method.
All strategies referred to by my-self incorporate the Fibonacci Extension Methodology so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right outcome to the Currency Rates.
Day Chart: Triangle form is ending...The triangle form is ending, but it seems there's still a little space to go up.
LONG TP: 1500.
Potential Decline (based on S&R, trend lines E waves and strats)Disclaimer: Although I’ve learnt quite a bit of FOREX and am confident in what I’m telling you, I’m just a week in and am using a demo account, so you don’t have to take my word for it.
Here’s why:
Just before September 9th, signs of support have surfaced, since another hit materialised (with resistance appearing just before.) Although this isn’t exactly consitent, it succeeds in somewhat maintaning the pattern, just in an ascending trend (which also seems to be an ascending triangle). Furthermore, there are multiple hits of resistance among the barriers I’ve place; even when the price broke the barrier, it went straight back down. In addition to the recognisable Elliot Wave, I am confident that these signs point to some hesitation, leading to a decline and continuing the pattern in the process
Another important thing, the rate of flunctuation is increasing side by side with little to no price rejection on both sides, indicating that there may be strong buyers (such as the big banks) in action now. These guys need liquidity, and so will take that from us by investing against the majority, ultimately earning off of the loss of many since their investment makes a difference. However, this doesn’t happen all the time and is an educated guess (although it isn’t uncommon phenomenon either).
I hope this is helpful!
BTCUSD Tentative 13 Day Cypher PatternPLEASE NOTE THIS IS TENTATIVE NOT FINANCIAL ADVICE TAKE IT WITH A PINT OF SALT!
This is an attempt to identify a good entry point in the current down trend, designed to maximize returns in the short term should a vital condition be met at the low 1.27 Fibonacci Retracement.
Our study uses the most recent swing low AUG 6 and the most recent swing low AUG 15 on the daily charts. Please note this might happen in less or more than 13 days.
Conditions for it to prove true:
1. BTC must ignore the sloping purple ascending support at roughly 9600-9400. This is very strong support, chances are we will fail to break it.
2. BTC must drop as low as 8900
3. BTC must break 9400-9600 on its rally back up
4. The most likely rally will go as high as 11200-11700 best case scenario. Please understand we cant predict the exact top so an exit point should whenever possible be set with a trailing stop loss in order to maximize profits.
Conditions for it to prove false:
1. Failure to fulfill any of the TOP 3 out of 4 conditions.
In conclusion:
1. We are short until 8900 and long thereafter, for those looking for short opportunities indicators point that there are conditions for a possible rally downwards.
That said Trade Safely, Happy Trading.
EURGBP Cypher patternEURGBP potential cypher pattern . We have to put the sell limit order and wait when the marker reach the demand zone .
SELL LIMIT - 0.92073
FIRST TAKE PROFIT - O.91677
SECOND TAKE PROFIT - 0.91388
STOP LOSS - 0.92525
