Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 15/04/2018-21/04/2018, I propose XMRUSD
XMRUSD 4H UPDATE - 19/04/2018
Monero broke above 205.99 and triggered a bullish sequence in 1h with a fast move to equal leg area that was reached within the hour at 235.05-246.12. Will continue to push the count to the upside until a cycle ends. Will monitor the RSI.
My daily position at 151.86 from couple months back is risk free and in the green now so I won't be chasing the 4h here, neither the 1h. So I will wait for a motive 5 waves sequence to be confirmed to the upside and will position longs in the correction when it happens.
Invalidation level to the upside is 147.35
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 15/04/2018-21/04/2018, I propose XMRUSD
XMRUSD 4H UPDATE - 19/04/2018
Monero broke above 205.99 and triggered a bullish sequence in 1h with a fast move to equal leg area that was reached within the hour at 235.05-246.12. Will continue to push the count to the upside until a cycle ends. Will monitor the RSI.
My daily position at 151.86 from couple months back is risk free and in the green now so I won't be chasing the 4h here, neither the 1h. So I will wait for a motive 5 waves sequence to be confirmed to the upside and will position longs in the correction when it happens.
Invalidation level to the upside is 147.35
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
