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Tripletop

Triple top downside breakout LTCBTC trading plan. The general alt context is the one of a very strong correction. Some major cryptos broke (yet) historical support levels, LTCBTC -4.43% just broke the 0.010 line that supported the price since may. It confirms the Triple top pattern. The trade has, seen the context and the major break, an high probability of success. We well use the maximal amount of money allowed by our money management. Black lines on the Charts represent the different magnet levels given by ichimoku (Use higher TF flattened SSB -0.22% levels), the -20% level is the target given by the Bulkowski rules for tripple top patter trading. We enter now as the break happened and add on pullbacks till 0.010 AND on rebreak lower. This alt counter rally is EXTREMELY strong. I see no or few pullback coming. Stop slightly above 0.010. The plan is to trade only this leg down for the moment. Trade risk reward is around 3. We'll be cautious around 0.0084 as a resistance stands at this level.
Short
by narushima
5
Triple Retest of StructureHi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you want to share your view/idea, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Triple Top on GBPNZDHi guys, very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more. If you want to share your view/idea, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
AUDCHF great price action and very nice opportunity to go short This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000. It is hard to predict how the pair will act in the next couple of weeks so it is quite possible that I will close position before it will reach the desire level. I think it is very nice opportunity to risk capital because this kind of price action is not happening very often on daily or weekly chart.
Short
by Krystiannwk