Honestcowboy

Honestcowboy Updated 

We just hit top of the range, put limit order at previous swoop of range top. Stop loss a decent amount above current top.

Honestcowboy Updated 

We got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud...

Honestcowboy Updated 

When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable...

Honestcowboy Updated 

We made a nice double top right here still looking for bounce from red line. This is a reminder to myself to be patient and not open trade the moment price touch line but wait to see if it respects line.

Honestcowboy

This situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout. Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How...

Honestcowboy

The purple dotted line at 130.24 is a very long lasting resistance level. As far as I can zoom in on the chart this level got respected. This is not a moment to open a trade yet but the eventual reaction after consolidation I expect will be a very strong lasting move. Line decides wether we are in a long term bull or bear zone.

Honestcowboy Updated 

Pullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.

Honestcowboy Updated 

The EURGBP pair is showing indecision at the top of the range but given the very long term trendline (purple) close to top I see price will go back down. Stop right above previous high in a safe area, this is the moment I would call the range to have transformed into a breakout. TP close to bottom of the range with 1:2 risk to reward.

Honestcowboy Updated 

I have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead...

Honestcowboy Updated 

We crossed short term trendline at 8:00 and retraced back to it but this time we also have a situation with support of previous range. I expect a nice move up from this zone, a different trading plan would be to move stop below the zone by quite alot and move take profit higher for a more long term swing. I recommend the shorter term move however with all the fear...

Honestcowboy Updated 

Time to open a trade on ETHUSDT short with bounce from top of current range and kumo clouds back to the bottom of the range. Stop loss can be put quite conservative above recent highs and past kumo resistance line. TP at range bottom.

Honestcowboy Updated 

Price on GBPJPY made a pullback after a break of support (yellow rectange) and has tried 2 times to go back above it but keeps failing. I expect downtrend to continue.

Honestcowboy Updated 

I've recently watched a video about the PMG entry from @SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount...

Honestcowboy Updated 

We broke the uptrend trendline and after that broke support. We might see acceleration to the bottom of the longer term Kumo Cloud. This is a very low risk for high reward trade.

Honestcowboy Updated 

We got an evening star bounce on KLAYUSDT right from the trendline. The third candle of formation also cleared through Kijun-Sen towards the downside. Stop above formation and take profit close to a recent low.

Honestcowboy Updated 

Eth just did a kumo breakout on the 5 minute chart. It is quite likely that it will keep going down from this point and respect the short term trendline I drew. But in a situation where it breaks through the trendline I expect resistance at kumo and a kumo bounce would be a great trade here. Given the amount of space ETH can drop after kumo bounce we can have a...

Honestcowboy

We just got a bounce from the kumo clouds and key 1.273 level. We are quite likely to go back into consolidation or get a break of the trendline to the upside. I've marked a safe Take Profit area in the case you go long after trendline break.

Honestcowboy

A couple days ago we got a morning star bounce from the 38K-39K support zone right into double Kijun-Sen. We currently are back into the zone and I expect the pair to consolidate for a while in between Kijun Sen and support area. This to me is day trader territory and not clear enough to see if we get a trend change to the upside for a multi week position.