Selling the USDCHFThe USDCHF is trending down on the daily time-frame, when we drop down to the 4hr chart, we notice the retracement in a form of counter-trend. Now the structure on the counter trend has broken i.e. price broke the last low which by my strategy indicates the end of the counter-trend. To place a trade I wait for the price to pullback to my preferred sell zone which the market already did. I place a sell trade and I pray price drops down to the last low.
Trrading
WTI OIL Long Setup! Buy!
Hello,Traders!
WTI OIL is trading in a strong uptrend
And the price broke a strong key level recently
Now, we are seeing a pullback and a retest
Of the level, that became support
This is a classic bullish setup
And I think that there is a good chance
To see oil moving higher
Sell!
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EURJPY 1H Long buy Structure Long Buy Structure
From : 119.373 - 119.450
TP1 : 119.885
TP2 : 120.200
Stop Loss : 119.130
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
GBPUSD - in the correction zone.I will open a long position after the formation of the first impulsive level to buy on M15, because I see that the price is in the correction zone, take into account the fact that today is Friday and investors will close their positions before the weekend. I also see a false penetration of the level of resistance.
#Bitcoin 4H chart update ! 04/28/19 11:22 pm EST Quiet weekend and bitcoin trading with a bid tone in the asian session. 5560 remains a trigger for higher prices , while 5690 should open the gates towards 6000 mark. Moves are not impulsive just yet so we can still fall into a larger 4th wave consolidation, either way the lookout is for higher to complete larger bullish counts. One thing to notice is the move from 5690 down was in 3 waves and has the looks of a zig zag, which usually calls for a 5 wave move up. If that is the case bitcoin needs to get after it sooner rather then later.
A new video was posted on my you tube channel under "cryptocowboy" where i discuss trade opportunities, how to scan, what are my thoughts when i look for trades and how i trade them.
EURJPY Week review, Trading plan for a begining of the weekIndeterminate direction of price as no clear signs has been given by the last quarter's closure.
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
We have a bearish chart pattern (Quarter)
Price is currently at 50% Fibonacci retracement area
in a relation to previous swing Down
Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 133.75
Currently none of the major chart patterns appears on weekly chart
Price is currently at 61.8% Fibonacci retracement area (Filtered to weeklyy timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 133.75
On a 1D chart we have a bearish chart pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 133.75
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.