Today's analysis – AUDUSD – Trading at a key level as range resistance and dynamic support converge. Points to consider: - Pivot Point (key level) - 21 EMA (dynamic support) - Oscillators above 50 AUSUSD trading at a pivotal point in the chart, re-testing range resistance. A breakthrough failure will validate a short with range median as the immediate target....
Hello I see that the MACD may say a downside is coming, however it also looks to be winding up for break out. It makes me wonder if this is the start to the bull run due to the altcoins pumping while BTC ranges which is what it does before a HUGE TARE!!! Also it would make sense because the price has been suppressed for SOOOOO LONNNNGGGG. The only part I see as a...
Understanding the difference between accumulation and distribution is VERY important if you want to succeed further within your trading performance, wisdom, and experiences in future trades to come. Monthly closes this week, don't get caught sleeping' or you'll get YURLO'D.
My overall bias on EU today would be long. Trend line is holding nicely. There has just been a cross over on the Stoch and RSI is looking very bullish. MACD also bullish. Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in. On a fundamental front this week Monday was a read day for the USD and for the...
Today's analysis – THETABTC – Putting in an S/R flip retest of daily support. Price holding this level validates a long trade to structural resistance. Points to consider: - Trend Reversal (S/R flip) - 21 EMA (visual guide) - Bearish divergence (playing out) - Stochastics above 50 - Low Volume THETABTC forming a probable higher low above daily support as...
this pair ussually gives me goosebumps, still on the buying side havent changed my mind yet.
Todays Analysis – DGBBTC – Trading within a multi-month ascending triangle, nearing its apex as support and resistance converge. Points to consider: - Resistance cluster - Higher lows - apex - 200 EMA – visual guide - Low volume - RSI above 50 – higher low projection - Stochastics overbought DGBBTC unable to break and hold above daily resistance after...
Exponential Moving Average Strategy (Trading Rules – Sell Trade) Our exponential moving average strategy is comprised of two elements. The first degree to capture a new trend is to use two exponential moving averages as an entry filter. By using one moving average with a longer period and one with a shorter period, we automate the strategy. This removes any form...
Curious to see if a new configuration will lead to better lower timeframe (4hr) results. No targets for now, however moving up stop loss once break out begins. More or less just recording data and seeing if I can catch MACD breakouts. Im used to working with daily and weekly FYI ARU "STOP LOSSES PEOPLE!!!"
What's going on traders! The move on EURGBP played out just as we had planned if you look at our previous idea. I see more bullish momentum for EURGBP - also looking to short its inverse correlated pair, GBPCHF.
Hello, Today I'm posting this idea, I see a very nice setup for a short with nice R/R. So you can see the pair is in the supply zone, on weekly TF we have also a strong down trend and that could help us a lot also we are under mothly pivot point and the pair hit a daily resistence. I already in this trade from 1.12854 and i set my SL at 1.3010 and my TP at...
USDCAD could be a possible set up for a short. DXY Head and shoulders looking very likely so on the back of this we are going to be looking t get in on the action. USDCAD looks the best set up t take advantage of this as we can see EMA cross a key area of S/R. We are just going to be patent with this one and wait for the cross to be confirmed and a nice bearish...
Are you bulish or bearish today? and why? I love hearing your guys perspective on my market!! Also, what's your thoughts on this chart?
Ethereum seems to have made a daily bull flag. Of Course after it breaks upwards from this flag, Ethereum might reach new local highs. In the mean time it has met yearly dagonal resistance. This makes it likely for Ethereum to retest the 230$ support zone (green). It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon....
Bitcoin in the recent days and weeks has formed a Ascending triangle.This has been after the recent double bottom we say a few days ago. This is bullish because Bitcoin has maintained its upwards trend. Bitcoin will likely find the top of the triangle as immediate resistance. Get ready guys because The target for this breakout is about 11.6k which gives a nice...
PERL looks good here. Hovering below resistance. Wait for a solid s/r flip Considering 200MA as strong dynamic resistance I am bullish as long if 21 EMA acts as support.