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Trendcontinuation

USDCHF Trend Continuation: Recently Broke Support, Now RetestingUSD/CHF Recently broke its upward momentum and has begun a downtrend. We are currently testing resistance. If USD/CHF fails to break this resistance level , we can expect further downward movement. Side Note: We see that the blue resistance has been broken, this may be an indication of bullish momentum, although I see it as a small structure break before a bounce downward off of the strong structure resistance . -RSI was diverging before recent downtrend... Currently not in oversold state.
Short
by AidanMDang
stochastic rsi + 100 ema strategyi have tried this strategy and i find it profitable with this rules: stochastic rsi: K = 5 D = 10 rsi length = 14 stochastic length = 14 Ema: 100 Rules: if the prise moves above the ema, then you are looking for a long positon. when the stochastic rsi is moving above the 80, look for a pull back. when the pullback comes you want the rsi to go below the 20 zone withoute eny crosses on the way down from the 80 zone. When the rsi then makes a cross below the 20 open a buy position. the risk reward shoud be 1:1 on first target and 2:1 on second. set the previos structure high as first targets. Dont trade if the prise closes below the 100 ema before the cross, this would make it unvalid. One more is that the structure high before the pullback must be higher than the previos stricture high. The same rules apply when the prise moves below the ema, just opposite. This is my first article and i hope you found it educatinal.
Education
by lusaa001
USDJPY - BULLISH BREAKOUT TO POTENTIAL D COMPLETION This morning we were able to capture 1st targets on a USDJPY potential bullish breakout and I wanted to stop by for a second & talk about secondary opportunities to get involved as well. Now before we get started please understand that it was a little difficult to fit the entirety of this trade idea on to the chart as multiple timeframe analysis was involved, but I'll try my best to explain what I'm looking at. However, for reference, you may want to check out a recent video I did titled " Using The ABCD Pattern" as it walks you through the initial process of why I was looking to get long. Now that we've broken previous structure highs with a confirmed break & close above, we can make the prediction that price action is likely to continue higher. Where to? Well only the market knows that & seeing how today is election day, anything can happen. But based purely off of the technicals my prediction would be a move to retest the previous shoulder line of the head and shoulders top that we saw back in mid October. (See linked chart below) If I weren't involved already, my way of looking to get involved would be waiting for the market to provide us with some relief in the form of a pullback & then look to catch the next extension higher. Your Trading Coach - Akil
Long
by Akil_Stokes
10
BEARISH TREND CONTINUATION TRADE/H&S REVERSAL SETUP ON GBPJPYGBPJPY is in a clear bearish trend, and price is just about to retest the neckline of broken head & shoulder pattern which aligned with 61.8 Fib, daily resistance zone, and mean value. Our goal is to find a short entry, with that in mind, we wait for a clear break of Counter Trend Line (CTL) for entry. There is currently two CTL on the chart, the break of the short-term CTL that's close to price will be used for an aggressive entry while the CTL that's extended from current price action can be used for a conservative entry. NOTE: A strong bullish close above the resistance zone and desecing trendline will invalidate this setup. If you like this kind of content/trade idea, kindly leave comment and follow me.
Short
by Veejahbee
ElanStrategy v2.0 (weighted MA's)A trend-following strategy with a twist. I worked on the premise that Bitcoin price swings can not be predicted properly, since it's such a heavily manipulated market. Therefore, I chose to work with following the trend instead of predicting reversals. It uses a weighted average of short, medium, and long range MA's. This is the second version (see link below for v1.0), The main difference is that this new version uses a less binary position - it will change the position more gradually. This one will automatically correct for bar duration, and works well from 1 to 4 hour charts. (1 hour chart seems to have data going back to only 2018/01/01 at the moment of writing, so I recommend using the 2H chart or higher)
BITMEX:BTCUSD.P
by bazkie
Oil a buying opportunity in the making ?Oil made a new high at 76.90 before making a 3 day correction. For oil bulls' who trade on the weekly time frame, oil has just broken a weekly range at 75.29, which certainly bodes more upside for them. As for day traders who have missed the up move, this retracement could be a buying opportunity to join in the party. Revelation Trading has identified 2 actionable areas at 74.40 and 72.80 which is of interest to us as our road map. Should the oil continues with the up-move, it is recommended to review one's trade ideas on Usdcad and Cadjpy since they are somewhat correlated.
FX:USOILLong
by revelationtrading
5
Bearish Trend Continuation XAUUSD (Gold) 1HR TFHi guys, So what we are looking at today is a potential move in Gold for bearish trend continuation, as we have recently seen price action press down into lows of 1193's for where previous level of structure support was retested and respected. However, on the 4HR TF we saw price action break and close below into new lows of 1193's suggesting strong bearish momentum. I believe following support of 1193's being respected allowing a bullish relief rally to occur that now price action has retracted into previous levels of structure at 1200 - 1208's for where selling pressure could re-enter the market and we could see one final retest of the lows down at 1193's. Following the bullish retracement into previous levels of structure and more specifically the kill zone of 1202 - 1208, that RSI has gone OB and price action has printed a valid LLLC candlsetick that I am now short in anticipation for one final retest of the most recent lows printed in Gold (1193).
FX:XAUUSDShort
by hmwalker_
Bearish Trend Continuation AUDCAD 1HR TFHi, guys following the strong bearish momentum recently seen in AUDCAD, we have since seen prices rally down into new structure lows of $9275's. What I am now looking for is a pullback to the upside into previous levels of structure within the region of .9343 - .9397's to get short on the market, in anticipation for one final retest of the of the most recent lows printed by price action down at $9275's. If, we see price action press up into my suggested kill zone, then I will be looking for RSI to go OB and for price action to print a valid LLLC candlestick to give me that needed disctertion to get short. I will also be using a ATR based stop-loss of 20 pips, above the current OR up at .9397's, therefore at the market price of $9417's. For targets ones as established will be down at a retest of the lows to see that needed trend continuation move I am expecting to be seen. Trade with confidence, Henri.
Short
by hmwalker_