Points to consider, Preluding to the chart above, COMPUSDT’s Price Action found acceptance above the Local S/R before a strong expansion. This acceptance confirmed a Local S/R Flip Retest in a volatile zone, showing strength in the immediate short-term. The Structural S/R was immediate resistance that got breached with conviction, allowing for Price Discovery....
Head and shoulders pattern forming on the 1h chart. Looking for a candle close below $33300. Retest the trend line and push down. Possible resistance at $30800 zone.
A breakout before 23 January, it can go either direction. If break below, purple line is the support.
buy and sell. sell off of the counter trend line of the uptrend to the expected double bottom of the curved flag bottom for the buy.
With so much bearish momentum and with the 50MA holding as support on the 4h, I would like to see this bearish trend continue. Can we test Jan 4th 2021 low? If so that gives us a risk to reward of 5:1. Price could be headed to 100 MA on the Daily.
BITSTAMP:BTCUSD Has put in a swing low at 34,385 and pulled back from that area. This area is my first target for a short position as Bitcoin continues to put in lower highs. If the lows are broken I believe Bitcoin can swing to lower support at 32,376 increasing supply in the market. The drop would serve as a part of the natural rotation of Bitcoin after a...
If price fails to break 31135, meaning it held as resistance , I would like to see this bearish trend continue. Let see if we can at least test the bottom of price structure 30406. Risk to Reward 4.5:1
Strong bearish close on Friday night. We've got a triple top and should be reaching 140.500 soon.
GBPJPY - As per the price action & daily chart patterns it is expected to go down from here. My approach will be a sell here at current price 140.200 Maintain Stop loss around 140.450 Potential downside target 139.700 - 139.500 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed...
Previous position - 3416 pips profit in our wallet. Everything is as on the chart, exactly the same goals - sell from 32950 Target: 32290 - 31700 - 30950 - 30210 Stop loss: 33300. Let's try to trade with a big player, see the distribution theory. bitcoin and trapping traders
Dear friends, a little intraday for you. The previous idea was reviewed at an older TF. But if we evaluate the ETHER for 1-2 hours TF, then you can see how the price very often returned to the same level. Namely to 740-745 For the given time, the price is pulled in this direction. But we also have a rising wedge, the price of the lower border is still...
SORRY DIDNT HAVE TIME TO POST MY THOUGHTS THIS MORNING. TREND ANALYSIS
Evening Traders, Today’s analysis – VETUSDT- trading above Local S/R where a back test is probable, Points to consider, - Price action impulsive - Local S/R Support (.382 Fibonacci Confluence) - Swing high objective - Oscillators bullish control - Volume influx VETUSDT’s immediate price action is impulsive, a retest of the Local S/R that is in technical...
NZDCHF sell signal was valid earlier. Now we have seen price pull back to entry price, you can take another look. Entry 0.62809 SL 0.63029 (22 PIPS) TP1 0.6256 TP2 0.62311 TP3 0.61813 Regards Darren
Stop loss hit on EURNZD. Direction correct, but the ATR based SL was a little tight on this particular move. But its one trade, we know it works historically, because we have tested and can see the results if we increase it will have a longer term negative effect. We can not let a recent trade give us 'recency bias' and cause us to change anything. Regards Darren
Now I do not understand which patterns and charts should be traded. Since I entered a short position, only because the price was at the border of this triangle. and everything, absolutely everything spoke about the reduction of this TF. but how to say - the price just "skyrocketed". This position has not yet been closed, but with such a trade it can be closed...
Evening Traders, Today’s analysis – NZDUSD – trading above Daily S/R where a respect is probable, Points to consider, - Price action impulsive - Daily S/R Support - Swing High Objective - Oscillators Extended - Declining Volume NZDUSD’s immediate price action is trading towards Daily S/R that is in confluence with .618 Fibonacci, a bounce here is...