Previous position has been brought to breakeven. This set-up is actually based on the 5M chart so I will be active in managing this, but it is in line with all of my thoughts and provides a great reward:risk.
4H AO has not crossed yet so this is a shorter term trade...here we can see a three wave correction with divergence and a double top on the last wave. My first target is the previous low. I will update at breakeven and when close to the target.
I like triangles. I think they are a simple tool that shows support/resistances and active trend. On that not i think we get an entry on the date range marked and another break upward if the bull run is to continue with the same momentum or more.
4H AO cross has not happened yet and there is bar divergence on that time frame so this must be kept in mind. I will be looking to move to breakeven quickly and perhaps even take profit at the target but that has not been decided yet. The overall trend is bearish but this may be a short term trade before the larger correction and final 4H continuation trade. Stay patient.
175+ Pips SELL remaining Good Luck! KEEP THE RADARS UP!!!
After my last prediction on BNB, I figure that this might be a bit of a stretch but I will call it anyway. Looks like the falling wedge target is at 0.003, overly ambitious? ...Most likely. Instead I am going to call it as a double top at 0.00255
Big picture on ETH! let's see if this plays out :)
We can see the stoch rsi is nearing the bottom again as we are about to reach the apex of the current symmetrical triangle/bull pennant pattern we have been bound in on the 4hr chart for the last couple days. Probability favors this continuation pattern breaking to the upside, and we have to potential bullish targets. One that factors in the height of just the...
Bitcoin tryed to breakthough this triangle. A triangle is a continuation pattern. So the probability is higher to leave this triangle long.
75+ Pips BUY Good Luck! KEEP THE RADARS UP!!!
Traders, Nice potential opportunity for a trend continuation short on EURJPY pair. After we broke the previous support level my bias is very bearish on this pair. The bat completion can be a reason for entry. Have a great weekend!
Price broke below 50 sma and went half way then returned back to the 50 sma. Now price will continue bullish or bearish. If bearish it will break below the 50 sma and head to the 100 sma. I have Sell Stop at just below the 50 sma and just below the recent fractal low in the middle. Take Profit will be just above the 100 sma
Big 3 Indicator is a continuation indicator Used on all markets and time frames PM me if you would like to read more about this indicator
Traders, Got the pro feature for some extra detailed analyses for you, to explain my reasons for entry better. Everything is in the chart for a nice short opportunity on EURCAD. Potential entries if my rules are met at 1.56200 SL: 1.58156 T1: 1.51860 T2: 1.49166 Best regards Follow me on: Twitter: twitter.com Stocktwits: stocktwits.com
Looks like a Bull Bat! Let's see if it behaves like one... 400+ Pips BUY remaining Good Luck! KEEP THE RADARS UP!!!
100+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
200+ Pips BUY Good Luck! KEEP THE RADARS UP!!!