XMREUR trade ideas
💡 Don't miss the great buy opportunity in Monero/EuroTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro XMR/EUR in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 144.70
TP2= @ 169.00
TP3= @ 195.20
TP4= @ 236.30
TP5= @ 305.15
TP6= @ 367.95
SL= Break below S2
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💡 Don't miss the great buy opportunity in Monero/EuroTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro (XMR/EUR) in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 144.70
TP2= @ 169.00
TP3= @ 195.20
TP4= @ 236.30
TP5= @ 305.15
TP5= @ 367.95
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XMREURWith possibility for XMR to stay in the channel and bullish divergence on 2H timeframe (see bellow), I'll risk 5% loss with this setup. Targets are temporary and can change a little bit, since Monero may not reach the current low level yet, but are good for start.
Bigger picture:
Bullish divergence on 2H:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREURAll depends on BTC, but let's prepare for bearish scenario. Idea is to sell the fakeout with 10% stop loss (above previous highs) and first target at previous support at 72.60 and the second one at channel low at 52.30. If XMR won't reach the channel upper line, I'll sell the break bellow 82.00 with the same targets and initially the same stop loss.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREURI will go with breakout with Monero. Entry at 108 with stop loss bellow 0.382 retracement level, main target at 125.5, where 1.618 extension level and previous three tops meet. Depending on conditions, possible mid target is 121, at previous high.
If it won't break out, levels of interest for next entries are at 95, 89 or even 83.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREURLet's try to set up another trade. Last time Monero was fighting to get above 88.50 level was in November 2017, when it broke out after 2 months sideway movement between 70.00 and 88.00. After the initial break just over 88.50, it retraced back to 38.2% Fib level and then shoot back. if also in this case history will repeat, I expect Monero to come back to 85.00 level and then rally.
Many resistance factors are around this level:
1. long term support/resistance (blue line)
2. 38.2% Fib level of last drop from 126.00
3. 61.8% Fib extension level
Trade setup:
- entry at 85.10
- stop loss initially at 75.25 (bellow previous low, will be raised later)
- target 1 at 99.00
- target 2 at 113.00
- final target between 126.00 and 132.00 (will be defined later)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREURIf BTC will be able to rise, we can expect also his relatives to join the ride. For XMR I will set up a simple trade with small loss.
- entry: 76.70
- stop loss: 75.00
- target: 88.40
Zoomed out chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREUR - channelsI canceled the last trade a little bit too soon. If I would step into, I'd reach target 1 at 118 (7% gain). But OK, let's try another one.
There is uptrend channel forming on 4H chart and point of interest would be on intersection of bottom of this channel and the middle of the bigger downtrend channel (marked green).
I'll wait for waters to clear up before set up a final trade.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily chart:
There is a possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
There is possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
Monero: Using small BAT to trade CD leg of BIG GartleyMonero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger).
R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1
Lets see how things play out.