CADCHF SWING TRADE THEORY
This is an impulse move of the Daily timeframe, Wave 3 having been extended and completed.
Wave 4 zone A retracement at 0.38 of the impulse move
Wave 4 zone B retracement at 100% of wave A corrective lower timeframe
WAVE 4 zone C wave count (3 wave internal structure) 5 WAVE DONE
CONCLUSION
THE CURRENT PATTERN IS A RUNNING FLAT WHICH HAPPENS TO BE COMPLETE,
A STRONG WAVE FIVE TO THE UPSIDE SHOULD BE EXPECTED, CONSIDERING THAT THE PREVIOUS IMPULSE MOVE WAS AN EXTENDED WAVE 3. WAVE 5 TARGET ZONE SHOULD BE 100% EXTENTION
Highprobability
TIME TO LONG FOR BTCBtc currently trading at 39300
And There is RSHS Formation for now
We have minor resistance in 41500, may be re-test in this level
After I am waiting for 46000
Thanks for your attention. You can ask everything, I am waiting.
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Triangle breakout in BritanniaNSE:BRITANNIA
The stock has fallen 10% from it's 52 week.
The trend line acts as a strong support and resistance respectively.
*Trade Confirmations*
:- The monthly central pivot range is narrow indicating a trending month.
:- Descending triangles have good success rates.
:- Consolidation near the trend line.
*Trade Setup*
:- T1 - 3550
:- T2 - 3800
:- SL - 3350
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Aurora'ing back to life..will ACB burn one to get a yearly HIGH?EMA cross (50/200) on the 2hr chart, maybe back testing the 200 EMA now. Bresserts crossover on the weekly chart in oversold territory (last time this happened, it pumped $10 in the following 2 weeks - past performance not necessarily indicative of future results).
CMF shows money flow is in positive territory, relative strength hovering just under 50 RSI. I'd like to see the price touch the $8.80-9.00 ideally, but the downside can be complete here. Semi-worst case it should hold $8.00 but still would not invalidate until major support is breached. Good R:R IMO... this one can be a volatile beast. It is possible we see a pump to the $10.90 region and a retrace to these levels again ($8.50-$9.50) before moving higher. Placing major support at $7.20, soon to move up to $7.60. Keep in mind this is the one traded on the NASDAQ in USD, so you'd have to convert support regions accordingly if trading on the TSX exchange chart. Inverted H&S formation points to $21-$23 region... but should go 'HIGH'er long term.
Selling 5 Delta Spreads!Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week.
Hope you have a great day
A Nice Clear Chance to Ride the Channel The market has been moving in a very nice way in the long run particularly in the rising wedge pattern. It made a new high recently and there is a high probability that it will travel down for some time now, my personal taste says 76.5 at least.
A chance to take short ASAP as soon as the market opens because a resistance has been formed and this is a nice entry to travel the down move.
Never risk more than 0.5% risk on the trade, let the risk to reward do its job.
A short time ranging market.As you can see the market is ranging in a small zone for sometime and it just met with the supply zone, which means that it will have highest chances to move to the demand zone now.
It has started fhe move and it maybe taken as a late entry but there is a chance.
Apply strict risk management, no more than 0.5% on the trade.
BNB to the moonThe crypto market is rallying, and the biggest winners have been exchanges. (Look at FTT token)
Binance is valued at $80 Billion (Market cap) being the #1 exchange (in volume) and #2 layer 1 crypto platform (behind Ethereum)(in dapps). While Ethereum has a market cap of $270 billion and Coinbase of $90 billion. Binance is undervalued since it established leadership in the exchange industry and this is reflected by the exponential growth in valuation. We should see a substantial price rise in the next days.
Cup and Handle + value sectors set to jump high A beautifull Cup and handle habe been formed and confirmed on weekly - now retracing to the 61.8% Fibo as expected to jump even Higher.
im taking a start here at 21.6 as am not sure its gonna retrace to the 61.8 fibo. i d scale in if it does.
High probability of huge gain
Weekly trend swing trading idea Nzd/JpyHello Traders,
Here you can find my weekly trade ideas. They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing).
All trades amount to Fundamental, Economical, Mathematical, - Technical information.
In the 4 years that I have been trading now, I have simply learned that the trades are only as good as the information that is based on them, the higher the density of information, the better and more likely that the trade will work.
Every week on Sunday there is an update, because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit).
CRV (opportunity-risk ratio) is ALWAYS 1 to 3.
Trading style includes hedge and trend based swing trading and position trading approaches.
Please use your own criteria (entry, exit,etc.) and don't be a copy, otherwise it won't work, find out which style suits to you.
My Trades are always Market Entry, like you can see.
Enjoy.
Haave a nice Week :)
BTT BUYING OPPORTUNITY!The price has previously reached a high of 0.0135776 and started a pullback correction where it respected a decreasing trendline. Recently it has broken this trendline and we noticed a small retest on the 1H timeframe. We may witness a bigger retest on higher timeframes but now it's a good opportunity to go long!
GBPNZD long swing trade 3:3.34 RR high probability tradeConfluences:
-Price just broke out of the 4H consolidation area
-Personally now I'll wait for price to come back to retest the consolidation area
-For an aggressive entry: I'll put a buy limit at the top of the consolidation area
-For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside
Additionally the weekly closed very bullish, and the consolidation happened at a quarter level, giving me a high conviction on this trade. However there is always the risk of a fake breakout so be wary.
What do you guys think?