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GBPUSD Channel OutlookGBPUSD has dropped almost 200 pips in the past 3 days. Brexit and Euro Oct 15th deadline date is very crucial as well and it looks like UK will be leaving without a deal (again). Once we have a break below this channel, start selling. Expecting price to go down to 1.2700 levels. RSI in sell zone This pair has now broken the 4hr up trend line. Look to sell at the backside area of the up trend line down to 1.1625 area. Indicators: 1. Daily RSI in sell zone. 2. Backside of resistance area of 1.3040 tested and bounced south. 3. Daily bear strong candlestick. Entry 1 @ 1.3000 (safe entry) Entry 2 @ 1.2911 sell stop TP @ 1.2700 (take profits of 50-80 pip ranges as you trade down to lock in profits) And, as always, remember risk management. We are still in the USA election season and anything can happen. Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
Short
by cvfxwealth
EURUSD Bull then BearEURUSD has been overbought as we all know. I do not foresee it creating any higher highs. Indicators: 1. We currently still have a demand zone that has not yet been reached yet. 2. EUR govt has announced they want a weaker currency. 3. Monthly Outlook - Bearish with strong sell RSI. 4. Election in USA causes volatility and uncertainty. Once that is complete USD should adjust again. My personal trades would only be sell directions with a pending at the supply zone and a pending at the backside of the down trend line. Best of luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
by cvfxwealth
4
EURUSD Trade Signal: The Presidential DebatePresident Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets. EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing). The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above. The signal strategy s intentionally kept simple.
Short
by DDMARKETS
BTCUSD: Be careful.Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways: Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon. Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower. Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
by Cryptonerds
2
How to trade Cup & Handle Pattern | C&H Tuturial with ExampleCup and Handle Chart Pattern Tutorial with Example below ! Stay Tuned ! In the next educational post i will write about psychology of trading Chart Patterns and strategy of How to successfully trade few chart patterns in detail. Cup & Handle : Cup & Handle Pattern can be seen both as a bullish continuation or bullish reversal pattern. A bullish continuation C&H pattern forms when there is a preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout. Inverted Cup & Handle Pattern : Inverted Cup & Handle Pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern. A bearish continuation C&H pattern forms when there is already a preceding downtrend and after a Inverted Cup & Handle pattern is formed followed by a breakout the bear trend continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish trend from a bullish trend after a successful breakout of the pattern. (In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns) The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the verticeal distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H pattern. Stay Tuned; 👍 Like this tutorial & share your comment below and also check other tutorials with example linked below; Thank You-
Education
by tapasdhanadana
11
ETH/USD LONG - Up to 176$ (and maybe more)Hey everyone! A fresh trading year start of 2020 deserves a spot on call and I think ETHUSD has given us what we were looking for. First off, a great Risk-Reward-Ratio (RRR) with a great compliance with the Point of Control (POC) of the Volume Profile. Didn't even apply Fibs to this one as it looks primed, ready to attack - like a snake - for a further move up. Had to publish this ASAP and I'm writing this description later as the breakout could occur at any moment. With that being said, given that I felt a sudden rush in writing this to you, the call could be premeditated which leads to this pattern failing and another pattern appearing that then performs to target. In either case, you've been warned :) Take care, Vlad the Crypto Trader
BITFINEX:ETHUSDLong
by Be_Independent_Tribe