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GBPUSD UPTREND TOUCHING 1.2900 RESISTANCE LEVELPAIR CURRENCY: #GBPUSD DIRECTION PREDICTED: UPTREND GBPUSD is predicted for an uptrend in the next few hours as you can see from the chart. We are predicting GBPUSD to go up after analysing all the indicators and after the Brexit news. Indicators used were the Bollinger Bands and Moving Averages.
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BCH trading plan continues - Waiting for the indicator signalsHi Traders,
Continuing our BCASH trade from a few posts ago. We exited at the red lines,as the indicator overextension signal and stop loss told us. With some nice profit of 45% from the exit off the overextension signal, and 40% at the trailing stop level. This gives some nice room for the next trade on BCH.
We discovered bearish divergence as price moves up (1) and momentum slightly downwards, but definitely not up (2). This divergence really only becomes apparent at (3) when price break through the stop loss and see that the previous high was divergent. This does not help us getting out, but that’s ok, we have other metrics for that. It does however tell us that on this chart, the trend may have ended, and that the following long setup probably won’t get triggered. What we do is keep the breakout level of the setup at the highest level that it plots (and don’t move it down as the indicator plots a lower trend breakout level).This is so you ensure not getting faked into the trade and the trend fails to develop.
The divergence also tells us that the the bearish setup will have momentum on its side. We look to enter short, but we need to get a setup, and an entry trigger from the indicator!
Daily
The daily hasn’t signalled a long setup yet, which I expected the indicator to do.. it will probably come in the next few candles though.
So we have a similar game plan we have with XRP: we took the 4HR trend into a daily trend setup. We now wait for either a daily long setup and that setup to be triggered. Or we get a 4HR short setup which gets triggered. Either way the market moves, we’re in it, ready to profit.. And to be honest, I could not care less which way it moves :)
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Stay calm, and happy trading!
CAD is ready for Bull runUSDCAD completed a nice looking expanded flat today and is ready to complete a high degree zigzag. Today's pull back has created a 3:1 profit to loss ratio trade setup. As a whole US Dollar index DXY is going to gain its strength in next 10 to 15 days, i.e DXY is ready for a bull run.
VECHAIN, SCALP OPPORTUNITY or DESTINED for DOOM?VECHAIN showing bull div on the 12 HR
Notice how we have come completely outside the developing VA, this can mean one of two things - either strong downwards movement coming, or a bounce back into the VA.
Expecting a bounce to the significant resistance level at the 0.618 fib line, which coincides with the downtrend line and the first HVN of the value area.
We need to observe the price action at this level closely to see if we will continue the bear trend, if so then we buy at the demand zone at 127 sats.
Nailed it! Lundin and Zijin takeover made me 61.17% profitThis fella AMEX:NSU becomes my third most profitable stock so far in my US portfolio. 61.17% profit!! Initially entered on 19th Apr at 2.73. Anyway the story is that Nevsun had a few takeover attempts by Lundin but failed due to the unfavourable offer price of C$4.75 in July. The takeover news had already bump up the price to around USD3.50. The recent takeover by Zijin Mining Group that offers C$6.00 per share sent the stock price to USD4.40. Awesome!
A bearish butterfly pattern completed A bearish butterfly pattern has completed on Eurgbp. This is a 1:3 or more trade opportunity. I have my pending short order at 0.9055, target at 0.9010 (45 Pips) and SL at 0.9070 (15 Pips). Price is likely going to move lower if it goes as expected. I will cancel this order if price gets higher than 0.9070 before trigger.
GBPUSDHi my friends,
This is our new pound trade,hope be successful at the end.
First of all this trade must start after first reversal in RSI Daily and when RSI can break line i draw in 4H.See charts bellow:
If it can't achieve,we will drop from channel to test yellow box bellow ,as support.See chart bellow:
I will update this idea and notify new signals.Do not enter trade in risky way.
Good Luck
AUDUSD 8 Hour PerspectiveOn the Daily timeframe price approached the neckline and top of the consolidation range yesterday and pulled back to around 50% of it’s movement, this suggests sensitivity around this region. We look to today’s close as well as tomorrow’s to confirm this as a lower high. However, price remains above the moving averages which it’s using as support and is currently forming its third test of the daily uptrend. If this level continues to support price I still believe it has the potential to extend higher to the 0.7450 region. Should we break this then we can expect 0.7365.
Price used the exponential moving average as support to form a new lower high in line with the refined Fibonacci region and a rejection of the 200ema. This move has been confirmed with price breaking into moving average support with the last candle. As we attempt to break the final level of moving average support we may see a retracement back towards 0.7425 before heading lower towards 0.7350 major support.
We must be weary of volatility in the market today as we await the US interest rate decision. This could however give us the spike to the upside forming that final rejection.
Bullish Triangle in ADAHello Guys
Here a Quick analyse on one of the best Assets and Projects out there,Cardano,So let's go for it.
As you can see in my chart, we made a Bullish Triangle in ADA after last day bounce with BTC,ADA had a little different movements than BTC and after dropped from its last high around 0.40 by BTC pressure it almost made a Bullish wedge Actually as you can see in this chart below ADA have a huge triangle like BTC but ADA hold this triangle and did not broke it as BTC did.
Unlike my opinion about BTC Huge triangle i think this triangle in ADA will cause somewhere in near future that it cut its relation to BTC and continue its journey,independent.
In ADA we saw better Volume but need to increase more and we had many signs of hidden divergence in RSI many days ago and for sure RSI indicator in ADA is more logical than BTC and more Reliable.
As you can see in chart bellow we made a bullish wedge in this triangle twice,almost,first wedge worked perfect and second one seems to be in its final steps.we need to climb up and hit our triangle roof by this new wedge.
In chart below you can see even an iH&S,with less validity but if our other patterns work then this iH&S earn more credit and has to break the triangle to confirm itself.
After of break this triangle,if it can break,ADA have much strong resistance in its way that strongest is that black line i draw in my title chart and started from ADA last high record.like BTC if it can break that line too and confirm its break out then can say bear market of ADA ended for mid-term,but for now we can focus on this swing trade and short term bullish wave.
I have much hope in ADA future and i was an early investor in ADA since its first days,last year and its one of the a few Alts that i don't trade it and Hold it,i did not sold it even when ADA reached its ATH, honestly i am little regretful but not because of lost huge profit and more because i could added more ADA to my bag with that trade.But only reason that i posted it,beside of signs that i saw,is its profitability than BTC.we all saw in last BTC rallies that some ALTs have more profits than BTC in short bull markets and don't forget this fact that btc can ruin everything and every signs that i see here with its pressure again and you need to be caution in this trades specially now that btc is under a strong resistance.
And again if you enter this trade don't forget stop around 0.1545.
Again i appreciate of all your kindness and trust to me and please give this idea a like and leave me a comment to know your opinions about my works.
Thanks Again
Best Wishes
Peyman A
TRONBTCTRX is in up channel since 18 April started @0.00000314 to @0.00000800
We Expect a continuation of rising but Currently should be calm down and it already bounces down from the upper board of the channel,
So the first station will be 0.00000690 which meet 0.236 Fibo ret
Thank you
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CRYPTO of the week: ZRXBTC Trade setupZRXBTC 4H UPDATE - 26/04/2018
The cycle from 4,922 low is called ended at 12,452 as a motive 5 waves , therefore calling for another motive 5 waves to the upside once correction is completed.
So, for now, as long as below 12,452 , I expect a pullback in the form of a corrective 3 waves where buyers will appear. Level of interest while waiting for more data to be more precise comes at 8,606-7,699 . The setup is clear in the 4h and will be executed in the 1h time frame.
Invalidation to the downside comes in at 12,452 but I don’t like to sell any bounce here.
Invalidation level to the upside is 4,922.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BCH Cup and handleA Cup and Handle pattern is formed after a pullback from a swing high rallies back strongly to the prior swing high and stalls due to overhead resistance. The price action then stalls much like a bull flag with slight downward pressure before breaking out of overhead resistance.
We expect BCH/USD will decline to the red line @ 1100$ then rise again to form the handle @ 1300$
Good luck,,,
Thank you
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Bearish Symmetric Triangle Inbound!!Looking at Ethereum you can see a very noticeable bearish symmetric triangle, some people may get this mixed up with a pennant but the difference between the two is that with a bearish triangle, the price starts from the high point, whereas a pennant starts from the low point.
And also looking at the MACD a crossover seems very possible to the bearish side, and the RSI looks to form a head and shoulders pattern which is also a bearish signal.
Thanks, if you liked my idea dont forget to like it and follow me for more ideas!
Market Review 09/04 : BTCUSD, SPX, HSI, AUDNZDHope this idea will inspire some of you !
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
BullishAUDCHF retested broken D1 Resistance TL which now stands for mirror Support TL. Also on Test this pair has made Double Bottom pattern which gives a trend reversal confirmation. After breaking and closing above the neckline of Double Bottom Price is now retracing back and testing the broken neckline and currently market is forming "Harami" Price action candlestick pattern confirmation signal. Also price is about to get rejected from the 61.8 level of fibonacci. Once Price breaks and closes above the "HARAMI" Price action pattern im looking to long this pair.
Reason #1: Retest to D1 Broken Resistance TL
Reason #2: Double Bottom at retest the major TL
Reason #3: Price is testing broken neckline of DB
Reason #4: Test of 61.8 Fibonacci reversal level
Reason #5: RSI Bullish Divergence wave
Reason #6: "HARAMI" Bullish Breakout ? (Not completed yet) once it completes I will take long on this pair
Another "Flag Break" on GTO/ETH making a quick 8% profitIt has been a while since our first and last trade but we're at it again with another nice Flag Break trade setup on GTO/ETH at Binance.
To give you some context, the goal with our trading on our Binance account is to increase our ETH. At the beginning of this month, we started with 4.49 and after our first trade that grew to 4.8.
Today we saw a quick trade opportunity on on GTO/ETH at Binance. After a huge run yesterday it consolidated on light volume and found support around 40.500 while forming a flag pattern.
Trade Plan:
Enter trade when the flag is broken
Trade Management:
1. Entry: After flag break, above moving averages (12 and 50 on 3m timeframe) for higher probability.
We missed the initial break of the flag but got in when price started running again at 45.197.
2. Profit: Usually you can take 1/3 - 1/2 of initial run as profit target/exit if you have the patience.
But since we saw some big sell walls in the order book and we're satisfied with a decent quick profit, we decided to take partial profits just before the big sell walls.
Sold at:
1. 47.989
2. 48.979
3. 49.769
3. Stop: -2.5% of entry, 44.067
4. Profit: 7.8%
With this trade our ETH's grew from 4.80 to 5.17.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
Leave you with a quote:
"It's not the daily increase but daily decrease. Hack away at the unessential" - Bruce Lee
And until next time, good luck with your trading.
GBP/AUD Multiple setup opportunity
GBP/AUD is inside of a symmetrical triangle formation. You could issue a scalp buy after the break and retest of the descending trend line, as it will try to reach the longer term descending trend line.
Once Price reaches the primary descending trend line, you need to wait and see if it fails to break through on a 4hr time frame. In the event it does break through, wait for a retest on a 4hr time frame, after the retest confirmation issue your buy and hold for at least 50 pips.
XRP/USD LONG
Ripple is starting to correct upwards. After breaking through the bottom horizontal line of what was resistance, is now acting as strong support. It has also broken and retested the descending line of resistance. Now all that is left is for it to continue to push through the remaining primary horizontal resistance levels.
Over all ripple is in a great setup for a long term buy position.