As some may know, we are in a bitcoin bull Market, last week closed with a beautiful bullish wick. Looking to go long sometime this week after over 8 back to back winning trades on this pair.
Bullish Confirmation on 8Hr 4Hr as well as the daily. the 1 hour also falling wedge as well as a morning star.
Structure: Candles Daily: Bullish, but rejected current resistance 8Hr: Bullish Momentum 4Hr: Bullish with confirmation 1Hr: Bullish Trading Observation - Price broke out from head and shoulders and has not yet hit the target, - Look for bullish entries after rejection of the next level. - Trade on Monday could still be valid - This pair shows favorable...
Looking good for a probable long. I will wait for the 1hr to close for a tag in. Otherwise, wait for clarity on the 4hr Possible pin bar. TP will be at the top of the box for a 3% win, Sl is at under 1%
We are currently consolidating inbetween 2 year and 8 year Trendlines Once we break the box wait for the retest and rejection of the box either short or long TP is equal to the price rand of the current consolidation. I have placed boxes so as to see key levels and Take Profits
Looks like our overall bullish continuation at this point, I am looking for entries on the 1Hr after we confirm current area or resistance.
Looking for shorting positions on the GBPJPY, Don't FOMO, there will be some opportunities if you not already in it, wait for the right opportunity.
I am watching this for a potential trade next week, I would be looking for a retest of that 8yr Trendline before going long for a long. This would need great trade management as is has swing potential if resistance turned support holds.
The thought around this is to trade with momentum, Watch historic resistance and support level and how price action has behaved in the short term.
Will the Doller weaken or would tension in China/US saga cause a weakening AUD. I keep a healthy view on the News but love to trade the price action. I have a bullish bias here based on the momentum and technical view. If this set up plays out I won't trade it. Why? I like the view of being a 4-dimensional trader. Dimension 1: Technical View Dimension 2:...
A look at the beautiful S&P 500. I got taken out last night for a small lesson(loss). After looking at previous data. My probable patterns for the next move, including trendline. This will help me with a possible entry point should the patterns play out closely.