There is a great opportunity to go long on ETH at 221. As this price was a previous breakout level, many traders put their obvious stop losses into this level. Once the price hits it again, the market gets its liquidity and bounces back again. Even if it doesn't go to target, with management it will be a very low-risk trade.
It looks like the USDJPY 4H is currently in a Triangle-Wedge.
Lookout for a breakout above and below at the trend lines we labeled.
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There is a double bottom with a neckline resistance around $8020. This aligns with the long term support bounced off on May 26th and May 30th. We are placing a limit order to buy to open on penetration of the $8020 resistance. The height of the double bottom is $430, so our price target is a projection up of equal magnitude. This gives us a price target of roughy...
After reevaluating my original position at 1.126... I am now looking for a buy entry at 1.12375
100 Pip Target / 25 Pip Stop Loss = 4:1 Reward to Risk
- Confluence with the daily chart reaching an area of liquidity
- Apparent structure and equal highs near TP zone
- Strong Fibonacci Level at entry price from recent swing
Anticipating price during LONDON...
Looking at the hIgher timeframe on Etherium Classic, we can see a BEAR FLAG is starting to form.
I'm looking for a swift clean break to the downside with Target 1 at the 1.272% Fib extension and a 1.618% FIB extension. I will be using a STOP LIMIT order to catch the fall.
This trade does rely on how Bitcoin -1.00% reacts over the weekend of course. But with...
The purpose of this video is not only to provide a TA on what happened March 13th, but also to describe how dangerous using a Stop Loss limit order can be! My stop loss did trigger but it did not have a chance to insert my order on the books and sell it off. Never insert your stop loss and limit price too tight! If the market has a flash crash or a volatile spike...