as you see in the chart, price is nicely going to make a head and shoulders pattern but it is not for sure and I am just predicting its potential future!
so do not open a position until we can see a good sign of reversal candle on the left shoulder, then we can open our position and wait for the price to complete the pattern!
note : this is just a prediction so...
we should just wait for pullback to the neckline to be completed and after a good sign of reversal pattern in candles we can open our position.
note: every patterns could be failed so put your stop loss just above the neck line.
take profit: marked in chart (be careful of your position around that resistance area)
the triangle pattern is obvious in chart and the price has already broken down the lower line!
so we just wait for pullback to be completed then after the first sign of reversal candlestick pattern we will open our position.
note: it is not recommended to open a position before these steps! let the price ensure us about a valid break down then we will open a...
a good position after completing a butterfly pattern is happening just wait for price to complete its pullback to the red area then you can open a safe long position.
target: in chart (61.8 of CD wave)
as you can see in chart, there is an obvious cypher pattern in 1D TF but for opening a safe position check your MACD indicator in 4H TF and when the MACD line crossed the middle line you can safely open your long position.
target: around green line (61.8 fibo of last wave)
stop loss; under the last bottom
as you see in COMPUSDT chart, there is a good potential for price to form a reverse head and shoulders pattern which could cause more rise in the price.
so we have two strategy to do!
first: if you are a risky trader you can now open a long position but with the half amount of the money that you want to invest on this position and after a valid break in...
first the price broke the neck line and now pull back is happening so we just wait for a good ascending candle to open a long position.
note: be careful of your position and put your stop loss a bit under the neck line
as you see in chart, price is ready to go up again and a hidden divergence in MACD could be good signal for us to know that the ascending trend is not over yet!
stop loss: under channel line
first target: the red area in chart or the upper line of the channel
price broke the upper line of the channel so after a good pullback to that line it starts to go up and you can open a long position (for short term traders).
stop loss: just under the upper line of the channel
take profit: first target is the middle line of upper channel (green channel) and second target is on upper line of that channel
as you see, there is a cypher pattern on the chart of LTCUCD. In addition to this, we have the support of MA200 which can be a good support for its price.additionally, there is a triangle pattern in 1H timeframe and continuous rise in bottom of MACD.
