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Triple-bottom

AXSUSDT 4HOUR CHART Triple Bottom Chart Partner AXSUSDT Coin formed a triple bottom Setup in 4hours Chart 1= a triple bottom Setup broke out from $55 trend line resistance. so this setup active when break 55 level 2= The difference between the third bottom and the breakout point was about $10 3= which translated to a take-profit point of around $61 & $65 n the upside. 4= The stop-loss point could have been placed at around $45.50 to limit downside risk as well. Hope you like the Chart Setup Do hit the like button if you like it and share your charts in the comments section. ~ Attention : this isn't financial advice we are just trying to help people on their own vision. ~ Happy Trading ~~ Thank you ! Namaste .
by Wolfetrades
Counterparty / Bitcoin trading close to major supportTriple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action. I would wait for some kind of confirmation that price will go north (hammer, engulfing candle, etc.)
XLong
by Krystiannwk
8
Aussie long position opportunity detailed information 4HThis is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I think it is worth the risk.
Long
by Krystiannwk
3
Aussie long position opportunity big pictureLosses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I will post another idea with detailed information.
Long
by Krystiannwk
CHFJPY : Nice buying opportunityHi everybody ! It has been a while since I didn't post any idea on TradingView. I come back today with this nice buying opportunity you have on CHFJPY pair. On january 15th, the Swiss National Bank (SNB) decided to abandon its fixed exchange rate with euro. It created a strong mess on the market and lot of traders made big losses. Now that Swiss Franc is free of move against euro, it could do better its role of a "safe haven" currency. In present time of economic uncertainty and after the strong Bank of Japan's monetary easing policy, it could be a nice bet to invest on CHF. On the technical view, after the january panic, we can see a nice retracing move to 2014 december level. Then a triple bottom pattern came into play retracing to Fibonacci 0.764 level which has just been broken now. The retracing uptrend may continue next days. Trade setup : Buy : 125.200 Stop Loss : 123.950 Take Profit : 127.850 Have a nice trading week ! Best Regards, Serge
Long
by Mirandole
4