Hi everybody! This time I want to focus on similarities to last two cycles and explain you, why i believe we already hit the bottom of this local cycle. First compare this chart to the very same moment od the last, 2017 bullrun: You will notice, that in both cases, after 4 consecutives ATHs we reached the top and then bottom with very similar pattern, having...
Litecoin (LTCUSD) Mean Reversion Trade Set Up. Enter after pin bar formed. Enter at the closing price of pin bar. Target previous swing high for take profit. Placed stop loss at pin bar low.
ETHUSD Ethereum Enter at Pin Bar Close. Exit At Previous Swing High For Take Profit. Place Stop Loss At Pin Bar Low. H1 Chart.
CADCHF Enter at Pin Bar Close. Exit At Previous Swing High For Take Profit. Place Stop Loss At Pin Bar Low. H1 Chart.
Enter at Pin Bar Close. Exit At Previous Swing High For Take Profit. Place Stop Loss At Pin Bar Low. H1 Chart.
29 APR '21 0:00 Pin Bar Entry at Pin Bar, EMA 10, EMA 20, and Horizontal Support Resistance Line. Entry at Pin Bar Closing Price 84.594 at 0:00. Entry Price 84.594 Take Profit Price 84.867 Stop Loss Price 84.491 2.65 R-Multiple
Most alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart. With a space between the entry and the next two targets
GBPUSD Entry came on the Pin Bar closing price. Pin bar high, open, close is inside the area of EMA 10 and EMA 20.
GBPUSD Trade idea is pin bar, ema 10, ema 20, trend, and momentum.
NZDCHF Trade Idea is confluence with EMA 10, EMA 20, Pin Bar, Trend, and Momentum.
AUDJPY entry came on the closing price of the pin bar.
EURZAR Pin Bar + EMA 10 + EMA 20 + Trend Line + Momentum
XMRUSD Pin Bar + EMA
EURZAR Pin Bar + Exponential Moving Average (EMA)
My system is to buy when a new candle opens above EMA 55 and close at profit when the price touches EMA 100, but it's not like that only, before the trade should open a line must be drawn on the EMA 55 and that line must touch a tail of a candle in the previous down trend and a formed previous Zigzag indicator touching the 55 EMA but not reaching the 100 EMA yet,...
XRP above resent resistance, breaking out again.