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AUDUSD > Possible Bottoming Here, the Trend May Shift Soon!!Analysis of #AUDUSD The AUDUSD has formed double bottom near 0.6200, we kind of have a head and shoulders pattern developing now, we can be aggressive and enter a buy trade at the second shoulder if we get a reversal pattern at the lower time frame. the other way we can trade this market is to wait until we have a confirmed breakout of the neckline resistance and then start trading the buy side if we get a valid setup that meets the rules Thanks for your continued support!
Long
by TheTradersAvenue
3
📉✌BTC 15Min long Position✌📈Hi traders,We're back!!! Between NOW and the entry area, you can open a long position in two steps. If the price rises and reaches the risk-free level, you can risk-free the position. TP1-2-3-4-5 are on the chart. The optimum stop-loss is below the determined area. !!! If the bottom of the channel got broken with a strong candle, find a suitable exit position as soon as the price returns to the range of the entry point !!! Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
3
✅️Bigger Picture: 🟩Eos Long Idea🟩▪︎Earlier we Looked At The #BAT pattern On The Eos/usdt pair, D Time frame,Now wanna Take a Look at The bigger picture. ●In This chart (W) we can See a Giant F.wedge Which Now we are at The bottom of it! Also It's considerable as #ABC correction.. And This bottom we are Now is 89% down which is Fib Number as you know. ☆So plan is That BAT pattern I mentioned Last Time at Daily (Which is almost complete) Break And It starts.. ¤There Are 2 options: 1.we Reach Through upper band of The wedge, without breaking and continuing The Pattern 2.Reach The upper band and Break It! -Either way Profit Is on a Bull Side,and Either Way Long is The only reasonable Option, So Just Give Bears a little Time To pack a 🎒 and We are Good to Go👍 Good Luck✌️
ELong
by Paarham
6
JP ASSOCIATES WEEKLY TIME FRAME#JP ASSOCIATES.... The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:JPASSOCIATLong
by Tradelikemee
How to Trade the Cup and HandleHello trader, hope you are having a profitable month. so, There are several ways to approach trading the cup and handle, but the most basic is to look for entering a long position. Place a stop buy order slightly above the upper trend line of the handle. Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. There is a risk of missing the trade if the price continues to advance and does not pull back. A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. For example, if the distance between the bottom of the cup and handle breakout level is 20 points, a profit target is placed 20 points above the pattern's handle. Stop-loss orders may be placed either below the handle or below the cup depending on the trader’s risk tolerance and market volatility. Limitations of the Cup and Handle Pattern Like all technical indicators, the cup and handle should be used in concert with other signals and indicators before making a trading decision. Specifically, with the cup and handle, certain limitations have been identified by practitioners. The first is that it can take some time for the pattern to fully form, which can lead to late decisions. While one month to one year is the typical timeframe for a cup and handle to form, it can also happen quite quickly or take several years to establish itself, making it ambiguous in some cases. Another issue has to do with the depth of the cup part of the formation. Sometimes a shallower cup can be a signal, while other times a deep cup can produce a false signal. Sometimes the cup forms without the characteristic handle.
Long
by nicotj