Trading off the big candle. TWTR looking super strong. Trade above, trade above, HL's and HH's. Stop = $37.75 Target 20% In @ $40.16 with 0.2% capital at risk.
Bias: TWTR's mgmt does not seem to make the same blunders as both FB and Youtube.
Reasons for entry:
- Price is currently on a uptrend
- Price has rejected and retested the 61.8 fib
- Possible hammer candlestick forming on the 4hr, weak hammer candlestick already formed on the 2hr
- Strong bullish engulfing on the 30min timeframe
- 30 min bullish engulfing
Recently Wanchain has fallen out of the Top 100 on CMC, some people may never check page 2...not everyone is as saavy as you! (HINT: This is in our favor)
On the Daily Time-frame for BINANCE:WANBTC there's a huge bullish engulfing candle with massive volume found inside yellow ellipse.
Then we find it retraces back to, holds and bounces from that same...
COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. ...
After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely...
Watching a short-term 1 hour bullish engulfing candle bounce play off of support. I'm long at current level and looking for price targets at or above the 1460 satoshi area. Don't fall in love with her just trade the bitch! Viva La Crypto!
Today, European President Draghi was due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. To sum up what he said in his speech, he clearly stated that the European economy is stabilizing from its draw-down in the 2007-2008 financial crisis. This is why we have been seeing the...
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80%
with a crossover of the Stochastic in oversold conditions on the Daily.
Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an
oversold Stochastic and confirmation of a candlestick pattern.
The No-Deal Brexit jitters potentially pressure the Sterling in mid-term. I am picking two directions within a general GBPUSD mid-term bearish bias.
Left Hand Side Chart is H4 Timeframe. Right Hand Side Chart is H1 Timeframe
For Plan A : I am marking yesterday's daily pivot + 1.29000 price and I want to see how the market will react upon reaching it. A bearish...
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...
EURUSD has reached a support level.
A bullish engulfing candle (essentially a pin bar on higher time frames) near support zone signals bullish price action in the coming days.
Look for entries a few pips above the bullish engulfing candle and stops below the swing low.
2 to 1 reward to risk ratio.
This video discusses how the market has been setup for a high probability of a melt-up. In a melt-up the market can jump 15-30% in the matter of weeks. Weeks ago I began positioning my trades for a melt-up scenario which pays off in days like today, but I think this thing could explode much higher. Today's price action sets us up for an opportunity to get long...