This is an exercise on the Wyckoff accumulation. To be noted that price may retest the lower level of the range (at 382) before moving up. To estimate the target, I used the counting Wyckoff method (not shown on the chart): .00000361 + (68 bars x 0.00000004 x 3) = .0000118 On the chart, I am showing a more conservative target at .00001 based on the Fibonacci...
This indicator generates buy and sell signals when it detects a market imbalance based on candle levels and RSI. It is optimised for BITMEX:XBTUSD , 1H timeframe, candle or bar chart. It is not recommended for other instruments or timeframes. Have a look at the backtesting results here: It has also been tested for live trading and there is no repainting and...
The Aussie looks like is going up within the down channel. It can extend upwards outside the channel but that is not clear yet. Entry: 0.7395 TP: 0.755 SL: 0.735 This is a 3:1 trade. Do you own analysis before risking your money.
Here comes the second long. This is a more risky trade because there is still room for GE to move down. You may have heard that it was dropped from the Dow, recently. It is my assumption that GE is ready to move up because it has done so recently despite all the bad news, including moving up on negative earnings. Entry: 13.05 TP1: 19.25 SL: 12.5 This is a 11:1...
EURSGD showed a sign of strength last week and continued today. I will wait for it to retest the trading range and enter a long trade. Entry: 1.57675 TP1: 1.61875 SL: 1.5686 This is a 1:5 risk ratio trade. Do your own research before risking any money.
On the other side, if you look for the most likely bearish stock, pick Netflix! Entry: 411 TP1: 320 TP2: 260 TP3: 212 SL: 425 This is a 6:1 risk ratio trade. TP1 should be a low risk trade. TP2 and TP3 will be decided later by the market. Do your own research before risking any money!
I believe there are signs of a bearish move overall so I am looking for those rare long opportunities. And here is one of them: COTY has been declining to its historic low and it is on the move up. Entry: 14 USD TP1: 18.5 SL: 12.85 This is a 1:4 risk ratio trade. It is not a big win, but it is a curated win in a volatile stock market looking to turn bearish. Do...
It looks clear to me that XRP will continue to go down for some time now. Fibonacci retracement shows .00015545 as the 61.8% level while the StockRSI does not show signs of over-sold yet. Ichimoku is consistent, the price has not yet gone below the base line. Once the price reaches .00015545, the set up needs to be re-examined to see if it goes to test the...