We got that .705 retrace and the void fill, so unless we fall further down, the path to the previous resistance should be clear. Original idea by Svarog
That green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are...
Impulse back above Mondays Low and the move down was likely a stop run. There is some inefficiency between current price and Daily Demand which is also in confluence with Weekly Demand that has not been properly retested, ofcourse, it doesn't have to. Favouring a bounce from here, Back above Mondays low pivot marked as red box would be my confirmation for...
Lower timeframe levels will be posted in a chart in comment section for further analysis. Low timeframe structures can aid in minimizing risk by understanding invalidation levels. The Higher timeframe context gives us the big moves (reward) the lower timeframe can give us great entries and tighter stop losses (minimal risk). This understanding is what makes a...
A simple idea of what to look for when we finally break this bearish trend. We see late in 2015 how the most simple price action and EMA concepts can give us an undeniable reason to start building a long position. Once price broke above PA-based resistance, we got a retest of both the PA and the 55 EMA, we also see that the EMA's has flipped to bullish...
The Samurai are planning a surprise attack on Dixie. So we have: - A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high. - Void left by the inefficient move down -...
The level used to run stops at key highs has capped the market for so long. No more, the Pivot is broken through and very little now lies in the way for upside expansion. This could be a Mount Vesuvius type event. GLGT - The TRADRZ Team Original idea by Ribz
POE retraces to Daily Demand level, likely to hold, tight stop loss. If price falls through we get out and wait for next setup/support level. GLGT Original idea by Ribz
Demand level retests are high probability trades when the timeframes are in confluence. Tight invalidation levels offer higher risk to reward, minimizing risk. Stop loss below level of H1 demand (red box)ù Good luck good trading from the TRADRZ team. Original idea by Ribz
As simple as they come, Daily demand level holding and price gives us break and retest of trendline resistance. GLGT from the TRADRZ team Original idea by Ribz
Daily chart posted below. GLGT Original idea by Ribz
Phen clearly doesn't like the look of C! Original idea by Pheneck
High Timeframe chart posted below in comment section to offer bigger picture on the range play. There is a small chance OMG retraces more than stop loss given, if this were to occur a new entry will be posted, as it stands it is likely not to fall below Equilibrium (50%) of range. Follow for daily high probability trade setups. GLGT Original idea by Ribz
Follow for Daily ideas in Crypto and Forex. Original idea by Ribz
Bitcoin has shown a decent bounce from 6150 support level, short-term bullish shift in market structure, I would be happy to take a small long position, targeting 6600 level after seeing a retrace down to .705 fib level Original idea by Pheneck
We can see that Cardano's daily candle has failed to close below previous swing low 5 days in a row and it is showing signs of a decent bounce. Green block remains to be untested support zone but it looks like it wants to reach the targets marked in red lines Trade active: So far it's looking good, waiting to see what the daily candle close looks like in order to...
Almost the same situation as EURUSD -Needs to have that void filled (better seen on 4H) -An untested breaker is sitting comfortably right at .705 fib level -A bunch of short stops resting at that recent high with a bearish orderblock above it Although it has a bit further to retrace relative to EURUSD, it's still the same setup. Original idea by Svarog
Next week should see some nice and juicy price action. We have a 1H breaker nested perfectly around the .705 fib level and a 1H orderblock resting right above the last top which should be acting as a magnet once we get that retracement. Just look at all those stops there, wouldn't you wanna eat them? All of this makes for a nice 3.6 R/R Long setup if you're...