If we look at the 4H timeframe, we will see the bullish market correcting the previous upward movements. The price is not far from a solid support zone formed by SMA100, SMA200, 56.00USD support level, and the daily trend line. It looks like we have all reasons to expect the price reversal from this zone and a new upward movement in the direction of the main...
The price broke the local downtrend line. It means that we can expect the continuation of the bullish trend. If Bitcoin does not move downward and the price of TRON stays above SMA200, we will buy using reversal signals from SMA200 or a breakout above SMA50 and the local swing high. Here is an example of a long trade that is based on the breakout above SMA50...
The price bounced from the local downtrend line. We should be ready to see a pullback to the support zone formed by SMA100, SMA200, and 0.1900 support level. The price reversal at this zone will be able to give a buy signal with stop orders below SMA200 and the main profit target at 0.2100 resistance. It is very important that the price has not to move below the...
The 4H chart gives us a buying opportunity in the direction of the main uptrend. But the trade looks very risky as Bitcoin doesn't look solid bullish and we are not far from the resistance zone. Anyway, this is an example of a possible long position, which is based on a reversal signal from the support zone. This zone is formed by 0.12USD support level and...
It is the market of broken trend lines. The 4H chart does not look strong bearish or bullish. Buyers could not develop a new uptrend, after the breakout above the daily downtrend line. The price moved back to SMAs, and we could see an attempt to break SMA200. Sellers also did not succeed when the price moved below all SMAs, and we had a trend reversal signal....
You know what? If we look at the 1H chart of Ethereum, we will see a bearish trend. If sellers can break the local uptrend line, it will be a bearish signal. The market will confirm the continuation of the downtrend as well as the strength of sellers. The 1st target for short trade will be 225.00USD support zone where we will be able to expect the price reversal...
The price bounced from SMA100. We have a new swing high, which is above the previous one. The price broke the local downtrend line, and it gave a bullish signal in the direction of the uptrend. MACD and RSI are bullish and support a possible upward movement. We have a buying opportunity. Here is an example of a possible long position: Buy above 17.20USD Stop...
For the next week, the Gold market will be able to provide different trade opportunities in both directions. The price has been moving sideways between 1815.50 and 1795.00 levels. We have a horizontal price channel, and we should apply trading rules for such market conditions. The rules are simple, and they tell us to buy at the bottom of the price channel and...
The price is moving sideways below the daily downtrend line. We don't have bullish signals as well as signals confirming the strength of buyers. If the price reverses from the daily downtrend line and breaks the support zone formed by SMAs and 70.00 support level, we will have a selling opportunity. Here is an example of a possible short trade: Sell below...
The long positions, which I described in the previous post, was activated. The price bounced from 9000USD support zone and moved up. RSI is going to confirm the price reversal. MACD and DMI are bearish, but if the price can stay above 9000USD, they will reverse and confirm the upward movement. As we don't have fundamental catalysts, I think the continuation of...
The market gives us a possible selling opportunity based on a trend reversal signal at 1.08000 resistance. The price formed a bearish divergence, which is a strong bearish signal. MACD and RSI support a possible downward movement. Here is an example of a short trade: Sell below 1.07825 Stop above 1.08025 Profit target at 1.07075 Risk per trade must be 1-2% from...
Why did I write about selling opportunities in EURUSD market? For me, the market looked bearish, and it was interesting for shorting. In spite of the breakout above the resistance, I'm standing on the bearish side. You can see how the price acted at 1.14000 and 1.15000 resistance levels in the past. After reversals, we had pullbacks. We had to use the reversals...
From my point of view, NZDUSD is a market for shorting. The daily chart gives us a double top chart pattern at the resistance zone. This pattern belongs to a reversal group of patterns. We have a bearish divergence, which is a trend reversal signal as well. The price is going to bounce from the resistance zone. If it breaks the uptrend line, it will be another...
Let's look at Bitcoin market through one of the most interesting trend-following indicators Ichimoku. The price is moving in the cloud, and it confirms the consolidation period. Buyers and sellers are not strong, and they don't have reasons to push the price up or down. But the market can't move sideways all the time. This consolidation period will be changed by a...
People, are you serious? Are you really surprised that some trades can be closed by stop-loss orders? Wow!!! What a wonderful World! It is impossible to imagine that someone thinks that trading consists of profitable trades only. That someone who has trading experience since 2007 year, must share only profitable trades! Right? And if he does not do it = he is a...
If we look at the 1H chart, we will see the stable uptrend and the price at 1.14000 resistance zone. The market is stretched. You can see how far the price is from SMA50. Please, look at the previous price action in the same situation. The price reversed and moved back to SMAs. It gave us profitable selling opportunities. We can try to catch a possible pullback...
The market looks overbought. The price is far from SMAs, and we can expect a pullback toward SMA50 at least. RSI confirms the price reversal from the resistance zone. MACD gives a bearish signal. We have a selling opportunity. Estimated entry and exit points: Sell below 1.06730 Stop above 1.06850 Profit Target at 1.06295 Risk per trade must be no more than...
The price broke the downtrend line, and it gave us a buy signal. As the market has been moving down for several months, we can expect a pullback to SMA50. MACD lines support such upward movement. Also, DMI tells us that sellers are not so strong to continue the downtrend. We have a possible buying opportunity. Estimated entry and exit points: Buy above...