Classic Bullish Pennant in the making, Any hour i'm expecting a likely bullish breakout, $1 soon? we'll see. XRPUSD have completed the 5 wave pennant this will be it's last stand within the structure. Likelihood it'll break to the upside. My stops wil be 0.717. Target will be the $1.05
Litecoin's Flag right now with a double bottom supported by the previous resistance turn support structure at 255. This look's like it's going to have a very healthy breakout to the upside. Conditions: no more lower lows and a breakout of the flag structure. Buy buy buy!
Using the 2618 pattern to trade on the 15 mins chart. Target to the first low and afterwards stretching to further low
There's 2 Possible scenario here, For the short bias: we have a 2618 pattern, currently it's at the 61.8% I will short it if it breaks the trendline to the downside, and stop loss will be above the high of break For the long bias: Inverted shoulders is forming, it'll complete if it breaks to the upside, retesting the double top resistance line. In my opinion, I...
Bitcoin created a double top, This trading setup is using the 2618 strategy. Simple charting pattern. For safer entry wait for the break of the trendline before shorting. Stop loss will be above the highs of the double top.
Bitcoin is running in a tight squeeze now. BTCUSD currently in a wedge, higher chance it'll break towards the downside. Horizontal resistance of last high, Bearish divergence & lastly chart pattern. Target @ $7000 region
Currently DAX is testing the 4Hourly 20EMA, While it's testing it has broken 2 trendline. I'm looking for a retest of the 50% Fib that's where i will be taking my profit at.
Trading plan of AUDNZD, Currently price retested the 61.8% level and a retest of the trendline after the breakout. It's a good buy from here because it's also supported by 20/50EMA Trading Strategy: Profit @ Bold Black Line & SL @ Below Red Line, For safer entry wait for a bullish signal before entering.
Short entry from 2618 Setup, This entry is backed by a trendline and fibs level.
NZDJPY Broke out towards the down side, I'm looking for the price to test back the lows once again. Price touched the trendline to retest support turned resistance, there's a horizontal resistance and on the 1Hour timeframe there's a bearish divergence building up as well Trading Plan: Stop loss above the red dash line, final profit taking at 77.45, First profit...
EURJPY formed a nice head shoulders, Price has already touch the neckline and got rejected. Trading Plan : Stop loss above red dash line, Profit inside the box. (For safer entry: wait for the break of the low @ 1.6794, Stop loss @ 1.6896, Profit @ Same)
Reason for this trading strategy I'm selling at current resistance, Price 114.2 Currently, There's a break in the trend-line would expect a further momentum downwards after this impulse move to the upside as a correction. I'm expecting the price to re-test the trend line before going down, In confluence the trend line and horizontal resistance of triple tops...
There's a huge bearish divergence on the higher timeframe, it's about time nzd should recover. Trading this lower timeframe with a 2618 setup. Good RR overall, i'm taking the bigger reward for this trade.
I've identified selling areas and resistance, I'm trading this with the 2618 setup On the chart itself there's a 2 ways i'm predicting how it'll move if it reverses in the blue zone. Clearly, both are going down so i'm bearish. I'm setting up my trade for AUDUSD the same viewed on the chart. Good luck
GBPAUD Head & Shoulders formed, Current price is @ Neckline, Support turned resistance at this point. This trade gives a good R:R, SL is above the structure consolidation area and TP will be the next support, I'll monitor when it reaches the latest low to see if there's still momentum.
EURJPY couldn't close below the support after numerous attempt. I reckon it'll go back up for a retest of the declining trendline. Price is currently in the 50-61.8% region and it's a good place to go long with a Risk:Reward 1:2 here Strategy like support zone Inside Bar is in play here as well pointing towards the bull direction. Risk: #1 :Latest Price Action...
Price is currently floating in the 50% - 61.8% region and confluence with the resistance turned support trendline. Look's like a good buy from here.. TP is the first resistance which is the latest high and 2nd TP at impulse leg 50%
Strong 50 to 61.8% support with confluence of past supports Trading this with a 2618 Setup