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How To Trade The W - V Pattern - ISRG SetupHello Traders, Here is an educational post about the W-V pattern. As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up. Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it. Thanks everyone and best of luck!
NASDAQ:ISRGLong
by natef1
GBPJPY Pre-Asian Analysis (1st December 2022)GBPJPY Pre-Asian Analysis (1st December 2022) Summary: * Downtrend since the start of the week * Looking for sells below 165.500 Things to look out for: * Tommorow is last trading date (friday) so plan accordinly to that. Dont over risk and if you had a profitable week only take quality trades tommorow. * USD Non-Farm, Employement news, alought its USD news sometimes it brings alot of volatility during the time of the news release, plan accordinly
Short
by DragunovFX
2
BTC 1W Descending TriangleBTC 1W Chart. I"ve been watching this descending triangle for last 3-4months.. I drew the chart with the possible path of price action back then. There are couple things that can indicate this chart will play out. 1. Price going up + volume going down = bearish ( From september to october end ) (More on that comment section.) 2. Price giving Lower Highs ( 5th September and 31th October), while RSI giving Higher Highs, That is "HIDDEN BEARISH DIVERGENCE" ( more on that in comment ) . 3. The RSI line( purple) broke down from the RSI BASED MA (yellow). The yellow line moving average is considered as a support/resistance based upon where the RSI line is. So the MA line will be acting as resistance now. IDEAL BREAKOUT TARGET: 12.8k We won't straight drop there , we will most likely retest the ascending traingle's STL ( now turned into a resistance ). Then drop down to 15.9k area there's some support there. Maybe some consolidation there then ultimately break down to the IDEAL BREAKOUT TARGET. I took my short entry at 21.k . Do not FOMO into shorting now. Wait for a better entry. PERFECT ENTRY & PROPER POSITION SIZING is the main key to success in future trading. Non Financial advise. Do your own research . Trade at your own risk. #BTCUSD #BTC#futuretrading#tradeanalysis#cryptocurrency#binance
Short
by HopeTheory_
KNC Divergence by ADZ indicatorBINANCE:KNCPERP KNC can see one more capitulation but we have a good news ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Global FIB. Came to investments area -0.18 Level. ➡️Now we can test on weekend 0.54 D1 timeframe global downtrend line ➡️Target for middle term correction for next bull run if you are investor 0.618 marked ➡️Capitulation on Black Swan 0.16 cents (more than possible for KNC ➡️We need volume for continuation. We trade under fundamental price ➡️Good sign by ADZ indicator big players accumulate KNC and price going lower. We can see one more dump for confirmation Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
KLong
by Crypto4light
Possible 1500 PIP move on USDJPY? More of a huge prediction for probably a year or two from now. On the monthly timeframe we see this descending triangle starting at 2015's highs all the way to August last year (2021). Simple breakout and retest of the weekly support and a huge bounce to the upside. Duplicating the triangle mouth unto the end of the breakout candle sees an overall target of monthly highs at 135.00 (Yearly highs of 2002) with about 1500 PIPs from our current price.
Long
by K08Live
XAUUSD Trade IdeaGold is currently trying to continue the bullish momentum. Price has formed a higher low and is currently establishing support above 1852. As long as price respects the trendline, it can probably retest 1860.70 and then 1869.7 1.Price is currently bullish 2.Price formed support along 1852 3. Price broke below structure but found support above 1852 4. Price is currently forming support and respecting the trendline, but if price breaks below it can retest 1848.20 5. If price breaks and closes above 1856.80 it can possibly retest 1861.40
OANDA:XAUUSDLong
by dreadhead4_life