Void
LUNCUSDT 4 Hour RSI Continues to Show Signs of WeaknessI'v Been Awaiting the 4 Hour RSI to Show Weakness before attempting a Second Short on LUNC as the Bearish Dragon Watch is still in effect and we are still trading between the 50% and 61.8% Retraces; Once the RSI breaks through the Bearish Dragon Triggerline we will likely be in full on Warning Mode of coming back down to fill most of the Voids below.
I believe that during this time we will see the RSI make an 88.6% retracement before continuing higher.
EURUSD, Long Opportunity - 1:10Good morning ladies and gentlemen,
Following on from the trade idea I just posted about EURAUD long. I believe that EURUSD could come down to fill the liquidity void that lies below as a result of the FOMC news release.
If it fills the liquidity void, I'll be looking to go long on this pair around the H1/M30 bullish Orderblock with my stop below the structure.
I'll be looking to target the EQ highs as that's where a majority of buy stop pendings are, I'll scale out a portion of my position once that price level is reached.
The next target is the D1 SIBI where there is a high potential for price to reverse from here. How price interacts and deals with the D1 SIBI will determine the trajectory of EURUSD going into next week.
Good luck.
Happy Trading.
GBPUSD - LONG ENTRY PRICE - 1.39350The impulse to the North continues to develop towards the target in the supply zone 1.40800. The price passes the 1x1 support line.
GBPUSD - LONG
ENTRY PRICE - 1.39350
SL - 1.38700
TP - 1.40800
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
EURJPY: go short for 133 pips (3.7 RR)Indications that suggest a move to the downside within the next few days:
- A completed liquidity run above last week's high, with subsequent bearish institutional candles
- Completed W formations that have reached reversal zones of fib confluences
- A liquidity void to the downside that needs to be covered
- Gann based time/price projection
LINK Is Inside The Void - Learn How To TradeLINK Is in a very difficult area to trade at the moment. In this idea I will explain which two major option you have if you are looking for a LONG position on LINK.
First of all, let's look at *the void* in more detail. We can see the blue area on the chart where there is absolutely zero price support or resistance. The price broke through this area like a hot knife through butter.
Also on the way back the breakout was very intense and made this area seem like an error in the space-time continuum.
In scenario 1, you can wait for the price to find resistance again (through a multiple S/R flip) and see if it manages to break through. If it does a new uptrend is confirmed and you can enter during the breakout.
In scenario 2, I suggest a different route where you wait for the price to hit the bottom of the void, near horizontal support. As soon as it hits support you can long again and try to get a trade in from that area.
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XBT/USD May be creating liquidity for a big move upwardsThis is a highly experimental idea, not something to base your trades off.
As you can see on the 4H chart, we've made some really thin moves with little to no stops in between. I'm not sure if this is the end of it, we may see some more expansion downwards, BUT when it finishes, in case we start going back up it may be a fast and explosive move, maybe to retest that upper (green) range boundary that we've been stuck in since early September for the millionth time.
PHX/BTC Optimal retracement for a 25% run explainedWe got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:
- Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
- Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
EOS/BTC clear path ahead to 8900 areaNice breaker there on the 4H chart, seems to have been retested and ready to fill the void to the left.
In case that the breaker fails, there is a bullish block right below it as backup, but I'm hoping it doesn't come to that.
Nice 3.5 R/R setup here.
On a side note, if it takes off soon, it would be a good idea to take some profit halfway to thegoal and keep moving the stoploss in profit.
NXC moment of truth on the 10thSo this is a very promesing project that I have been watching for more then a month and it has raised from 980 sat to 6000 sat and retraced back to 4250 sat.
On the 10th they are releasing a new in-game shop and a road map for 2018 and its their 1 year birthday so there will be extra news.
Securing profits at: 6500 sat
9000 sat
13000 sat
15000 sat
19000 sat ATH