Range
XAGUSD - potential setupsFX_IDC:XAGUSD
Hello everyone!
🛎 Let check the trading idea for XAGUSD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
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💪 Profitable lock for everyone! 🙏
RTX - potential setupsNYSE:RTX
Raytheon Technologies Corporation , an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide.
It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
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👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate.
👉 2. Price goes BELOW the selected range. below. Short positions to activate.
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to 1D
Good luck and profit to all
ETH Daily MM examples and successful BOSee ETH chart for very nice measured moves (MM). Great TL , TCL and midline examples and a successful range break example (most fail). This one likely succeeded due to bigger dominant pattern - coming off lows and we have an idea where we are headed. Will that UPPER TL hold?? See linked charts for more PA information.
Range Trading Meets Pattern TradingMany times I enter discussions where people tend to bash pattern trading...
...saying that pattern trading is not actionable, that "most reversal patterns fail while most continuation patterns succeed", that "most diagonal patterns fail while most horizontal patterns work", that you can't derive direction from them.
My answer is always that direction is not derived from the pattern itself (that would be statistically based only), but instead is derived from both interior and exterior context. When searching for actionable setups, again, patterns and diagonals will mostly provide bias, signs such as exhaustion and trend shifts, while horizontal SR (Support & Resistance) levels will actually be the ones we'll be looking for actionable setups.
Here's a quick example of a Rising Wedge divided in three constantly smaller ranges showing a slowing down of the trend, where we can start seeing exhaustion by the constant failed breakouts of HORIZONTAL levels, and where one can derive potential direction bias from the first DIAGONAL trend break...
...potentially expecting now a cascade effect from smaller ranges down to the larger ranges, providing larger and larger expansion gaps ultimately running the Rising Wedge pattern target.
LINKUSD: Bearish Bat with Hidden Bearish Divergence at Range TopCHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout.
So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before then reversing again and giving us a Secondary Partial Decline.
Cardano ADA range between $0.50 - $0.55Did you recognize the range between $0.50 - $0.55 for current Cardano's sideways action?
Am pretty sure that a breakout will show us the next future direction - confirmation has to be considered
That clean - that simple
Or not, dear Crypto Nation?
*not financial advice
do your own research before investing