Trendlinesmatter
Bearish Continuation Trade EURCAD 4HBearish trend continuation confluence trade on the EURCAD 4H.
1. Overall bearish trend
2. 3x trendline touches
3. Retracement to the 50% level from the most recent swing (not closed above)
4. At previous structure swap zone
5. Entry on bearish pin bar (aggressive)
Entry: 1.35429
Stop loss: 1.36152
Take profit: 1.34001
Risk/Reward: 1/1.98
Thanks FED Daly!Thanks to FED Daly for this dump and opportunity to add to my long from 13756 & 13965! As you can see the red TL is holding this from further decline as is the yellow horizontal TL. It's also reacting the 200MA on the 4H TF. I'll not be at all surprised to see this above 14300 by EOD.
GbpNzd Long Term1Gbpnzd has been down about 2 months, it means we had big strength from nzd without any pullback.
Now nzdusd has reached super resistance and now it's reacting , it means if nzdusd is going short , gbpnzd its directly concerned from nzdusd pair and gbpnzd will go long.
We can find here a good position for long at :1.88000 with a stop loss at :1.87000 and profit target reward 1:6x2 at price 1.93500.
Bitcoin triangle of life Bitcoin moved to its rebound from 38k to 40k as of this day, Some experts says it's going to bounce even to 37k bearish price. but it's triangle of life seems narrowing upon it's price movement giving us puzzle on what might happen after few weeks or even months. Is it pump or a dump the next quarter?
Bearish Trade EURAUD 4HPrice has been in a downtrend and is now in a descending wedge pattern.
Entered at 1.45993
Stop loss set at 1.46921
Take profit 1 at the 50% retracement and previous minor structure: 1.45066
Take profit 2 near the extreme of previous structure: 1.43616
If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Gbpjpy ShortGbp has strengthened a lot against the Japanese yen, now buy in pair gbpjpy is getting tired, it is good to go sell in gbpjpy in these prices: 162.50 or 161.50.
stop loss at 163.00 and target reward first position: 1: 9.5 at 158.00 and second position target reward 1: 2.5 at 158.00.
AVAX trend lines#AVAX/USD
$AVAX hold the long term ascending support.
🐮 price can head up to resistance zone around $90 that is the same with ascending trend line.
break out from this resistance can increase price to resistance zone between $110 and $120.
🐻 rejection from $90 can drop price to current support that touched more than 3 times and possible to break it down to support zone between $60 and $50.
SOL trend lines#SOL/USD
$SOL trend lines
price is above a support zone that descending and ascending trend lines meet (around $100).
🐮 holding $100 as support will increase price to $170.
🐻 breaking down from $100 will drop price to $70.
Green means go?Added some TLs as well as a fibo extension. As you can see it's added past the 618 a.k.a golden ratio and is now struggling to maintain that momentum. The green TL is the one to watch, if this breaks I believe the bears are done for. What do I mean by break? I mean a candle body close above the green TL, not just a wick and preferably on the 4H TF.
Luna to $130 or $60?Following on from my LUNA chart using EWP, I've drawn a simpler chart with TLs, a Doji and an ascending broadening wedge. The red TLs, Doji & the ascending broadening wedge (ABW) suggest the drop to $60 favours the yellow TLs rise to $130+
Furthermore if we look at the RSI on the smaller TFs, 4H, 2H & 1H you can easily see that LUNA is overbought.
Short the Moving average + ichimoku.When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable trader first and not be a clown guru who does not even make money himself.
TRENDLINESAlways look at higher timeframe when drawing trendlines and use the magnet on trading view helps you connect the lines with much ease and ultimate's false signals
$44-44.3k Price Target for Bitcoin!Good Morning Traders!
As you can see on the 4HR of Bitcoin (BTC). The price action has formed lower highs and slowing lower lows symptom of a falling wedge. The red histograms on the MACD are also showing signs of a potential convergence on the 4HR. I am confident if this pattern confirms that the target will be $44-44.3k! Set a TP for the target if entering a long position.
Safe Trading,
-Pulkanator
Bitcoin HTF TLWill wait for confluence of a bounce or break from this simple HTF TL for the next potential trade.
Loopring Breakout pendingDaily level has been respected, as you can see it has bounced off support multiple times once it has come above it. Ready for breakout on smaller timeframes. Just a matter of time….
EURNZD SHORT IDEAEurnzd has been on a bearish move. The lower trendline got broken and retested. i expect a bearish continuation up to the 1.63912 zone.
Hindalco next moveAs per the trendline and the last candle is bear candle so according to my knowledge it will reverse its trend as bear for sometime.
TRXBTC had a breakout from descending channel 🦐TRXBTC had a breakout from descending daily channel, and now the price is below the daily structure.
IF the price will have a breakout from the daily resistance and weekly trendline, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Auropharma looks goodAuropharma saw a very good move today, a decisive move with huge volume.
Currently, the stock is trading at trendline resistance, seeing the recent price action, it looks like, the stock might see a breakout next week, or even if it saw some correction next week, it is good to buy as long as it is trading above 970 levels.
This is my personal view on the charts, please feel free to write your views on the stock in the comment section below.
DKNG - 30m with trends and stochastic RSIDKNG - 30m with trends and stochastic RSI
Listen, one of my favorite plays is DKNG. I've been flipping it since the start and it never leaves my "plays" list.
But even I have to admit, we need something big.
Trendlines, stochastic RSI, and WAE volume indicator.
