stop loss it is clear where to put. and then we will look at the development of the position. Here is my past forecast worked out.
USDJPY has completed its H4 cycle (3 levels of rise). A peak reset has been set resembling an initiation of another 3 levels of drop.
Shorting the SPY all year if we can’t break & hold above this channel. If u can’t afford to short, buy an inverse derivative like TVIX or VIX...
Expecting price to eventually breakout to the upside for a reversal. Watch for a bullish breakout and retest for entries...
Here we can see the main area for price action , and a perfect entry for a long and sell. Here ill be looking to sell @0.75380 and will set TP in the highlighted zone @0.73550. trade could take couple day but patience will be key. Ccredit to M for the heads up Rusty Trading
Customer indicates the level of support LTC Globally worked correction of the entire growth to the level of 0.5 fibo, this is excellent because the paradigm of organic growth of any asset is the correction to accumulate more volume and continue the upward movement. More locally, we see on the 4-hour clock that the candles are closed with pin bars, with...
AUD/USD is hitting resistance at Fibonacci Level 0.382 on the Daily timeframe. The overall monthly trend is a downtrend. Key Level is between 0.382 and .5. The ideal situation would be a signal of retracement at this price range. I think if the price passes the monthly key level it could be a sign of a reversal but I think the odds of a reversal happening is less...
- Possible selling momentum. - Looking for more confirmation
This is not financial advice. I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance). Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss...
A breakout opportunity is forming on the EURUSD. The pair is in a downtrend since many weeks and has offered plenty of trading opportunities. More recently it has been consolidating between the high 1.14 and the low 1.12. Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming. Remember to be patient and...
I made some sales on the 8th that hurt my soul on the 9th. We are in my sky zone and as you now any long flight through clouds is going to take you through turbulence. If we can shoot above $3630 and ride the storm out we are in space by Valentine's day. The smartest people, banks, and governments in the know the smart money is on bitcoin, hopefully for them. Set...
Many believe the prices of cryptocurrencies to be based on speculation. Those people don't know what they are talking about. Trust me, economists and journalists talked me out of bitcoin many times. Thus, my doubt sewn by people with a lack of understanding cost me millions. As my engineering skillset continues to extend my ability to understand the value of...
The recent distribution of BAT by Coinbase has renewed interest in the Brave browser. We are down 30% from the pump on February 6th. It is is my expectation that we will hit most of the levels to 25% by Valentines's Day. With a strong bitcoin anything is possible. If bitcoin goes down because of the getcoiners and coinists BAIL!
The 110 supply level is approaching quickly and the reaction @ this level can possibly determine the short term course of the pair. A clear break increases the probability of upward movement to the 110.5 level. A break below could see a retest @ 109.5 and as low as the 109.1 level. Sadly, there's little in the way of economic reports short term. Volatility near...
Long/ Short Position ready. Most likely to short the continuation of the downtrend due to the weak Aussie Dollar.
Enter a short at the 109.879 due to the SFP formed. Stop would be above the supply zone around the 110.272 level Target previous S/R
Some good long ranges and associated stop ranges. Green is decent, close stop. Purple is a alright but be prepared to take a bigger hit from the gap to its stop. Teal is the best, super close stop and solid upside.