Everyone's Favorite Crypto - BITCOIN - is attracting some buyers looking for a run higher. Price action still has some work to do and is extended on the current timeframe so will need to squeeze out some buyers to build another Shoulder (higher low). The Shoulder will ideally be around 8300 to drag in further buyers for a run up to test 9100 and potentially...
Ripple is at a point where bulls and bears are in agreement but which way will it move next? We expect to see Bitcoin come under further pressure so the Ripple bears may start to come out in force and run price lower to test support around 0.22400. Looking to sell off a shoulder for the run down. If we see the spike, happy to join in the action on the upside on...
Buyers managed to lift the Aussie higher into previous resistance at 0.6780 off the BidZone around 0.6690 but they are now running out of steam. For continuation higher, price needs to clear out a few late buyers so we are watching for a shoulder sell entry setup for the squeeze lower.
Gold played out perfectly as buyers stepped into the action to build the buy entry off the shoulder on the 30min timeframe. Price may need to clean out some late buyers on a deeper pullback before kicking off to new highs. (This time the picture is correct)
The GBPUSD has reacted off a potential BidZone although nothing is confirmed yet and the door could easily open up for a continuation of the weekly trend lower. Time to prep for a potential reaction higher and lower to be ready for each outcome if the setups play out.
Bitcoin Indicator works on all markets and time frames
Bitcoin Indicator finds entry signal
Bitcoin Indicator finds stop loss signal
Bitcoin Indicator finds take profit signal
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Price has reached a strong and tested support level on the EURUSD, 4hr timeframe. Two promising Buy signals have appeared also, providing further confirmation. Confident with my buy position entry points, thanks to the indicator signals.
Will update soon as market plays out!
Check out 'related ideas' for info on the indicator.
Step 1 Price touches & breaks below Lower BB.
Step 2 Breakout candle above Middle BB.
* Big bold bullish candle closing near the top.
Step 3 ENTER at the close of the breakout candle.
Step 4 SL placed 5 to 10 pips below breakout candle
Step 5 TP at break & close below the Middle BB
FX Pulse Indicator shows
Trade Setup found - red column
Entry signal - blue
Stop Loss Signal - red
Take Profit Signal - green
PM me if you have any questions on our FX Pulse Indicator I can answer for you.
XRPUSD 1H FX PULSE INDICATOR SETUP
FX Pulse Indicator bars had a bearish crossover red bars
Chart showed a red column that indicates a bearish pulse signal setup
FX Pulse strategy shows
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Price at 100 sma so it can bounce bullish or breakout bearish
Price has failed twice to hold above 100 sma - Bearish Bias
Bearish Bias: Macd Over-bought, Macd below Red signal line
1st Short position - Price closes on 30m candle below 100 sma
Price can fall to 50 sma for 1st Short TP - take 1/2 off position and let rest run
At 50 sma price can bounce bullish...