A textbook trade out in the real world. Price has been moving in a good upper channel for some time and it has reached the resistance trend line for the channel. An extremely good chance that the price will travel down to the supporting trend line. The stop loss is placed very tightly, if by chance it gets taken out, enter again when it retests at the above...
This is a high-risk setup, proceed with caution. A conservative trader would wait for a retest before placing a buy order but in order to buy we wait for a dip - that is what we are doing, travelling the dip. It may dip or continue up without a dip, but it's a good chance it will. The price is respecting the supply line multiple times earlier, not much juice...
Price has been ranging for a good time in the wide 4H time frame. Price got rejected from the supply line. There is a out of trend pattern waiting for a possible retesting (Red line). There is a rising wedge in the 1 hour time frame with good rejections. (Blue line). To top it all, a nice bearish engulfing candle coming from top. Please proceed with proper...
Here we have a box. With it comes goals Doge must achieve. 1 - Break downwards trendline. 2 - Consolidate in box(lower half/purple) 3 - break halfway point 4 - consolidate in top half of box 5 - break out of box Here is what the objective would look like based off the -64% dip in April. A law that DOGE follows is a simple one. When we grow, the boxes double;...
Tired of missing opportunities when price do not go your way and goes the other way. Well this simple and easy to read strategy covers both ways so no miss opportunities when price goes on either direction. Follow easy instructions and you can be a pro trader in no time! Simple and easy to read strategy that covers both way to maximize your profits with very...
If Dollar loses strength, UJ shorts are highly probable
prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in an impulsive mode ALT: continuation of wave (ii) either in a simple or complex correction critical price area previus daily close 1.2077 PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786) static S/R 1.2106 key – 1.2153 critical volatility D 1.2058-1.2156
Downward trend, that might contiuen based on the new lockdowns in India and the fear of further lockdowns worldwide. Possible change of getting interrupted around resistance levels, but clearly downward trend for now. First analysis and keeping it simple. Trend channel and resistance level.
My mission for Simple Crypto is to give honest analysis to all my followers and patrons of the Simple Crypto network. As you already know, the crypto market is hurting bad and some are starting to question if the bear is now in power. Before we FUD or HODL, let us give BTC an honest look at and explore what the technical side says about this. Is it uncommon to...
Hello! I want to give you some information about this analysis So .. I chose a "Buy" position because the price intersects with several confluences of mine .. E.g. The price is in a demand area, it intersects with my round number, daily support and daily trendline. As we see in the picture, the price retested my area + the round number 150,000 and the Daily...
EURUSD most recent decline occurred on February 25th and has been in an attempted recovery mode from March 31st. - Today, we see the break of a channel and a new lower high suggesting a a continuation of the overall trend. - What I am waiting for is a break of tested support followed by a retest to provide an opportunity for a short position to move in towards...
The 1-day timeframe has a lower trendline and it has just touched the upper trend line part. In the 1-hour time frame, a rising wedge is being formed. The selling opportunity is a great one and it has a good risk to reward too as the imbalance is pretty good on the way to the supply zone. Try to keep it simple and trust the technicals.
Wagwarn my slimes please leave feedback to help me improve and trade safe. We're looking at GBPCHF here which is very very overbought so we're looking at a nice sell. We may be abit late to this move but market open will delay if a bit for sure with some volatility and spread AIDS. Price has been ranging since the 11th March and we've seen that resistance...
What's up please comment what I can do better. I have spotted a smaller head and shoulders pattern (0vert last 8 days) forming on the a pull back of the EURNOK downtrend which began this time last year. The 1D trend line (orange) was recently broken up and then back down, the most recent wick up failed on the 25th and lost momentum suggesting a considerable...
Hello I'm new so please suggest any improvements / indicators I could include in my analysis to improve it. Quite a simple one really, plenty of hidden bullish divergence and price is consolidating / ranging in a 400 pip range, we're hoping to catch this buy back up to the top again but if it doesn't go all the way it will at least reach TP1 so make sure you get...
Hey guys hope you're doing well reading this. Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is...
A lot of room for error as this idea is being published way before the expected move is going to take place. Looks like a bullish flag / rectangle which means on the third low it should shoot up, hopefully all the way to the weekly trend line where I can then ride a sell down. This will probably never happen- but wishful thinking is the key to success. So is...