Step #1: Identify a Bearish Trend which is characterized by a Series of Lower Highs and Lower Lows Identifying the direction of the trend should be a fairly easy process. The easiest method that our team at Trading Strategy Guides likes to use to identify the trend is the swing low and high structure. In essence, an downtrend is defined as a series of lower highs...
Right now we have a bounce in Major Support area, Although it was broken. We have Buying Climax, Good bull pressure at the moment, but be careful with traps, you all know my strong analysis. We can be headed to 6.9k where I found first good resistance using Fibonacci, if we can get pass through this area, we might try to break stronger resistance at 7.6k,...
Here's a brief update on EUR/USD cross. The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support. Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today. Overall the trend seems a bullish one but the macroeconomic situation (Italian...
Quite a lenghty analysis, worth reading in my opinion. Bitcoin is currently showing signs of weakness. It is no secret (see my last analysis) that it is into a downtrend and the breaking of the bear flag confirmed it. Prices are still trading below the 200 days EMA and that level had been tested at least four times in the last month in the 4h chart. Every time...
I drew up the trendlines , added 2 emas! When a candle breaks and CLOSES through a line, you can scalp to the next line you see on the chart and if it continues to break the next line hold your position! But if it doesn't break the next line and turns around then close your position.
I drew up the trendlines, added 2 emas! When a candle breaks and CLOSES through a line, you can scalp to the next line you see on the chart and if it continues to break the next line hold your position! But if it doesn't break the next line and turns around then close your position.
Day - Price at BB Dev 1 top band - Watch where day closes 4H - Price needs to breakout of the SMA's range 1H - Watch if 50 sma holds - Price may be retesting support - New fractal high made 15m - Wath if 50 EMA holds Watch red/green arrows indicating possible directional choices price can make 4H has possible target prices from breakout
just an idea, manager you own trades, tp and sl. waiting for a good candle pattern on a lower TF if not no trade will be taken FOREXCOM:GBPAUD
Long Story short: Every time in history we got a triple crossover of the EMAs, it was at least a +100%. Now we got a crossover AGAIN and the EMAs are looking juicy. I expect the altseason to be NOW and guys: Just buy PAY-Token and wait. It will burst through the roof. Tip me if you want to: BTC: 3DQaTesgoDpNXijqGD95uWwq1JEyQVUmKR LTC:...
Title says it all. If $BTC falls below any of those indicators, or if today's daily engulfs the price gains from the last few days, be concerned.
Bitcoin Futures being a indicator within itself, although considered small in comparison to traditional futures, can predict trend reversals. Using three indicators: Price (direction), Contract Volume (contracts traded within day increases pressure related to price direction) and Open Interest "OI" (contracts rolled over at end of day determine flow of revenue) as...
ETHUSD/LTCUSD/BTCUSD all sitting around the bottom of a descending wedge on the daily, due for a move in the next week or two, if not sooner. BTC, like always, will drive the market in a major move before April 22, either down to the 5900 level or back up to the 9000 level before making a larger jump or fall.
Long EUR/USD with a good Risk Reward ratio. Could be seeing a 50 EMA bounce up with a 40 RSI bounce. Also stop loss below previous support line on the hour chart.
Analysing this channel for a possible exit...not downwards/sideways but upwards. Can see price consolidation within the current channel of Mcginley Dynamic and 200EMA as volume is now at lowest level since $6000 although becoming reactive at any chance of trend reversal, good sign, showing trader's hunting for a bottom. It seems likely volume will continue to be a...
The price gives good trading opportunities, while the price is higher EMA EMA was retested earlier and held, This indicates the strength of the trend Entry point: 57 Stop: 53.8 Target1: 71 Target2: 76
This is my first post but EMAs about to cross and retest and gbpjyp may be a sell....all your comments are welcome.thanks
If it break about the pennet, ill buy, loking for the fib extension 1.618. 1:1 target.
Wait for the breakout. ill say buy, if it breakout :) Sell, fib extension 1.618. 1:1 target