Fx
Litecoin at crossroads: 1 hour tf analysisLitecoin price chart shown in this analysis is a 1 hour time frame from August 4, 2018.
Price action from September 4, 2018 to date is described using as a symmetrical triangle; a chart pattern that ideally indicates stalemate between demand and supply.
~$62.36 and $50.48 are indicated as price levels to pay attention to as a break above the former implies resumption of bullish strength, while a break below the latter indicates further lower prices in Litecoin.
The width of the chart pattern is valuable in providing a minimum estimate for projection of the price following a confirmed breakout.
EUR/USD - SIGNAL - SELL / SHORTMy details:
Sell stop @ 1.13560
Stop loss @ 1.13720 (16 pips)
Target @ 1.13360 (20 pips)
Risk:Reward = 1:1.25
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Monero (XMRBTC) analysis The 6 hour timeframe of XMRBTC (Monero) captures over a year and 2 months of price action.
The sideways price movement is best described in this analysis as a symmetrical triangle, with extremes of the chart pattern i.e. support and resistance indicated by the dark blue lines.
The most recent uptrend starting August 15, 2018 is described using a bullish channel that is tentative. A break below the channel, and also support at 0.015469 could result in price action reaching 0.013192 or lower.
A break above the channel however at 0.022360 could see the price action test resistance at 0.032487.
The pair stoppedAt the moment we are seeing an upward movement. The price slowed down and moved away from the 1.3220 mark.
To date, a consolidated technical analysis of indicators points to a purchase. We believe that at the moment the pair is in the correction. Despite the fact that the ultimate goal of the upward movement in the short term remains at the mark of 1.33.
We advise you to look for points to enter long positions after the completion of the correction.
GBP/USD - BUY / LONG SETUPI will be entering as soon as a Daily trend candle forms that is my entry criteria.
I will update below as to when exactly I will place my trade with all the details
The pattern we are potentially looking at is an Expanding Diagonal looking to catch Wave number (5) of the sequence.
The Stochastic is also forming a Hidden Divergence which implies trend continuation adding some further confirmation.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
BTC/USD - Live Update Bitcoin has been awful to trade for a while now and continues to consolidate. I've seen a lot of people posting bias analysis here because they can't figure out the current trend rationally, so I've posted my 2 cents here with a balanced analysis so that you don't lose money on the impending move.
Bitcoin is trading smack bang on the side-wards resistance/support line at 6560 at the moment, and looks poised to stay for a bit longer. There's 2 outcomes here that are likely to ensue, and both are honestly as equally likely as each other in probability. When price gets locked in like this it's tough as a technical analyst however good or experienced you are because it's just so 50/50. Onto the scenarios
Btc could do the following things
1) Btc could rally from here, decisively breaking side-wards resistance and breaking to the upside with a potential target of around 7240 (Previous swing high)
2) Price could nudge lower, hitting the 50 moving average as a support level, before getting momentum from here to go to the upside, doing the same as scenario 1 and hitting target of 7240 which is the previous swing high level.
3) Price goes even lower, hitting horizontal support zone at 6130 before anymore up move.
Bear in mind if scenario 3 plays out, hitting the 7240 upside target is VERY unlikely. Instead, price would likely just retest the side-wards resistance again and remain in the triangle.
Where do YOU think price is headed? Leave a comment with a chart and et's share our thoughts!
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Thank you for your support.
The price in the correctionAt the moment we are seeing a correction for the pair. From the mark of 1.1510 the price turned up. Now the price is in the lower Bollinger band and has not yet crossed the middle line. Most technical indicators point to a sale. We believe that the price will continue the downward movement after the completion of the correction.
Therefore, we advise you to look for points to enter short positions. We believe that the price will turn from the resistance level of 1.16, or earlier. We believe this is the best point to enter the market for our pair.
EUR/USD - SIGNAL - BUY/LONGI am expecting a bounce off of the 20 period EMA after the surge we had during the Asian session. Now I am not jumping with market execution so pay attention the details below.
My details:
Buy Stop @ 1.1590
Stop loss @ 1.1570
Target @ 1.1616
Risk Reward = 1.30
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
EUR up to 1.1623 then down to ~1.1560Greetings guys,
So, yesterday market has touched our 1.15 support area and neckline of 4H H&S pattern that we've talked recently and still keep in focus.
Now it's time to talk on upside perspectives. Following the harmony of the pattern, upside action should reach 1.17-1.1730 area.
Our butterfly has worked perfectly and market turns up. Now, on 1H we're watching for minor reverse H&S pattern, with upside continuation to 1.1622 Fib resistance first and
drop to 1.1560 - 5/8 Fib support second.
EUR/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATESPrice has broken the low of the TSE range so I am more inclined towards buying
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The pair continues to declineAt the moment we are seeing the strengthening of bears and a powerful downward impulse. The technical indicators point to a sale on this pair.
After a slight adjustment, the downward movement resumed and we believe that it is worth taking short positions. Therefore we advise you to look for points to enter the sale and set take profits near the mark of 1.2930
USD/JPY: Shorting the pullbackHi guys,
Interesting setup on USD/JPY, We have lower volumes at this area which is a resistance.
Shorting at market price the pullback to 1st fib level could be an idea. Target would be 113.720.
If you haven't checked my previous ideas please have a look. And give me some love :-)
Best
Jesse