D1 - Price has reached the bottom of the bullish channel. As long as the channel is going to hold, we can look for bounces and buy setups here. Invalidation: If the price breaks below the bottom of this channel then this setup is invalidated (false breaks are acceptable). H4 - We already had a false break and also a potential divergence is forming. We can go...
D1 - Price has reached the top of the triangle pattern. We may look for short term sells towards the bottom of this triangle pattern. H1 - Scenario 1: If we see one more push higher with the price creating false break at the top of the D1 triangle pattern with bearish divergence. We may expect the bearish momentum to continue and follow this plan Scenario 2 -...
SPX with a false breakout. SPX price is back inside the Triangle pattern following an attempt to break out of the downtrend line. The support zone will be tested next. Breakdown of the support zone can lead to a massive sell-off in SPX
H4 - Looks like special cycle is completing itself, price reached the magnet zone, we have bullish divergence. If the price moves higher and if we get more bullish evidences in the form of false break and trend line breakout. We may then start looking for buys expecting the price to move higher until it reaches the 38.2 - 50% fibo retrace zone.
The price approaches to the lower balance level (2533.25). And now we can try to buy from the lower balance level (2533.25) or wait for the false breakdown and then to buy from the lower balance level with stop under false breakdown
We saw a false breakout of the balance and the price returned back into the balance For now we can wait for the retest of higher balance level and sell at 2785 with stop 2803,75 The target is the middle level of the balance (2733) or the low level of the balance (2696.75)
D1 - False break with bullish divergence. H1 - We are looking for pullback, once the pullback completes itself, we may start looking for buy opportunities.
In this video ive analyzed our previous buy setup and made a clarification to previous buy plan
W1 - Price is currently near the top of the range, price has also reached the magnet zone and also a bearish divergence has formed. D1 - Two potential false breaks and bearish divergence. H1 - We may now look for pullbacks and then sells. Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
Hi, friends and traders. Bitcoin becomes more interesting. The maximum horizontal volume of the week fell down and now bitcoin shows a bullish reaction from it. Despite the fact that the market remains still bearish, we can try to catch this bull initiative. Also, BTC has formed very similar to the figure of a false breakdown. Trade recommendation: Entry point:...
GC made a false break down of balance. We should buy at first trend level 1322,8 with stop1, or wait for a correction wave to the balance levell 1311,9 with stop2
We saw a false breakdown of the balance and the price returned back into the balance (2722.5) For now we have 2 options for buy position: 1. Aggressive option - we can buy at point buy1 with stop1 2. Conservative option - we can wait for the retest of lower balance level and buy at point buy2 with stop2 The target is the high level of the balance (2753)
Today we have seen a break of the inside bar setup that formed yesterday. This will give us a possible better entry short below today's candle with a stop above that candle. We will still want to take profit just before the support level, which could give us a 3R return. Once we break below the mother candle I will consider moving my stop to break even. I will...
GOLD is in the main balance with the range 1307-1362. Last week we saw a false break down of this balance. That often indicates about the movement to the other side of balance. For now you can use 2 strategies: 1. Put buy-stop with the expectation of break out 1325 (aggressive). 2. Wait for a correction wave to the balance level 1307 (conservative). Stop-loss...
Hi, friends. Last week we saw a false break down on EURUSD. So, now we must waiting for a correction to the lower balance level (1.2200-1.2215) to open buy position. Or you can buy right here. But in this case your risk-reward ratio will get worse, because stop loss must be below the false break down. After a false breakdown of balance, the price usually goes to...
After the clear down trend we saw some consolidation in OANDA:USDCHF that looks like it is forming a bottoming pattern. In the short term I will be looking to trade the next leg down if we see price move below yesterdays low. To find out more about how I trade, see: www.davetromp.net
Simplified BTC TA. We have a parallel channel and a downtrend line. We have been recovering from sub 6k ever since breaking below the channel. This was followed by many hard bounces and fomos. Eventually we made it to the top of the descending trend line and failed to break out. Price action has been decreasing ever since. I expect BTC drop down to the bottom the...
H4 - Bearish divergence followed by bearish convergence. So we may now expect a correction to happen and once the correction completes itself, we can start looking for sells. M15 - Two bearish divergence in a row, two false breaks. If the price breaks and closes below 1.5625, we can look for sells. Protection – Above last high. Invalidation – If the price...