This chart could be a perfect example of why you should use caution when dealing with a volatile price chart. We’ve seen this with Bitcoin recently: The price goes up in a steady line, maybe in a parabolic fashion, before the trend weakens. A slowing down of a trend is not necessarily bad. For example: the price went up almost 30% between the first and the last...
Alfen - 30d expiry - We look to Buy a break of 94.04 (stop at 90.68) Prices have reacted from 80.44. The bullish engulfing candle on the 4 hour chart the positive for sentiment. 93.92 has been pivotal. A break of the recent high at 93.92 should result in a further move higher. The primary trend remains bullish. The bias is still for higher levels and we look...
Alfen - 30d expiry - We look to Buy at 93.45 (stop at 89.25) The primary trend remains bullish. The trend of higher lows is located at 93.00. We look for a temporary move lower. We look to buy dips. A break of 100 is needed to confirm follow through negative momentum. Prices expected to stall near trend line support. Our profit targets will be 103.35 and...
Alfen - Intraday - We look to Sell at 102.96 (stop at 105.22) We are trading at oversold extremes. Weekly pivot is at 103.80. Daily pivot is at 105.00. Preferred trade is to sell into rallies. Bespoke resistance is located at 103.00. Resistance could prove difficult to breakdown. Our profit targets will be 97.52 and 93.52 Resistance: 97.00 / 100.00 /...
Alfen Short Term We look to Sell at 103.25 (stop at 106.25) Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 103.20, resulting in improved risk/reward. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited. Trading close to the psychological 100.00...
Alfen Short Term - We look to Sell a break of 80.66 (stop at 85.50) Further downside is expected, however, due to the strong support below we prefer to sell a break of 82.00, which will confirm the bearish sentiment. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited. Selling continued from the...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...