1. Price above 3 EMA Lines -> Up Trend 2. Price retest support area + Hammer Candlestick -> Buy Entry 3. Stop loss -> Bellow EMA 20 4. Take profit -> Trailing stop loss
For Bitcoin, currently, when we look at the BTCUSD price on a weekly chart, we can see that on the week of 16th December 2019 Bitcoin price action put in a Hammer on the weekly close. How to recognise a Hammer? A preceding downtrend, It looks like a square lollipop with a long stick, Has a tiny body, Has no or little upper shadow, The lower shadow is at...
Thank you for your continued support :) Strategy: Moving Averages Formation (Swing Trade) Bias: Bullish. As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed...
Buying on Support; PT $20.55/ 10.52% higher current SP Well Formed Hammer on Daily
Price making a nice squeeze which means that price will go for another push to fake-out all people who are currently shorting FX:EURAUD -We got a nice hammer and the bottom of a squeeze, and triple bottom so this just confirms my thought. Good luck traders.