Long-setup
$US OIL - POTENTIAL INVERSE H&SJust the right shoulder left to form.
Will be looking to enter above the break of the neckline.
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
USDCAD 6H - longI'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts.
Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction.
Trend-following is not for everybody. In fact, reliable research shows that only about 20-25% of traders are true trend followers.
$XNG/USD - SIGNAL - BUY / LONGMy details:
Buy Limit @ $4.420
Stop loss @ $4.250 ($0.170 risk)
Target @ 4.805 ($0.385 reward)
Risk:Reward = 1:2.26
Please follow and leave a like if you enjoy what you see want to see more live signals :)
The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
US DOLLAR INDEX - POTENTIAL ROAD MAPExpecting the index to come into the 0.382 - 0.5 fibonacci region before bouncing back higher and retesting the 97.00 mark. The 97 level happens to be a round number so it serves as a psychological level and it is the highest level reached so far this year.
Let's not forget that the Fed's Interest Rate decision is due next week and with another rate hike (3rd for the year) expected to take place, we can expect some additional strength from the USD.
The only aspect weighing negatively towards the currency is its ongoing trade spat with China, but it has the ability to control it. Why? Because so far China has taken a more of a defensive approach waiting for the US to impose new tariffs before retaliating in similar fashion. So if Washington decides to cut back on more and more tariffs we could see its economy grow even more.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
GBP/CHF - SIGNAL - CLASSIC INVERSE H&SDetails:
Buy Stop Order @ 1.2755
Stop loss @ 1.2587 (168 pips)
Target @ 1.2952 (197 pips)
R/R = 1.17
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
AUD/NZD - MOMENTUM TRADING - BUY SETUPEntry @ 1.0953 (BUY STOP order)
Stop loss @ 1.0933 (20 pips)
Target @ 1.0986 (33 pips)
Risk-Reward = 1.65
Disclaimer:
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Scenario: up or down? Scenario: up or down?
Ethereum didn’t exactly do as we thought it would. We didn't get a clean break of our breakout level, and went down quite violently while bitcoin remained steady. Let’s stick to the charts and see what they tell us to do.
DAILY
First of all, We see the giant downwards channel we’re working on. We’re hanging on to the median line, and we want to see that hold to consider bullish trades
Second, price is moving in an upwards channel. Second, ichimoku indicates that the downward move is consolidating, as all indicators move into equilibrium.
How to treat this? Our setup remains valid, although we don’t think the move to be as strong as we initially expected (as bitcoin pushed through to the max target, ethereum didn't make it past the breakout level). Now if we get a clean break of the breakout level we’ll probably reach the max target around 565 .
Let’s get a better look on the 2HR chart
2HR
There’s a few interesting things going on here. Let’s break it down.
First, look at the breakout of the prior breakout level. We broke out with an enormous hammer, followed by another enormous hammer, and then down. This was not a clean break, and we did not get in here. Traders getting in on conditional orders should be holding through, as our setup has not been invalidated, and are still on our way to our target.
Now when do we get in? As we can see price is above the kumo, and tenkan and kijun are too. One possibility is getting in off a kijun bounce or kumo bounce around the 465 area. Another possibility is getting in on a clean break of the breakout level around 495, which will give us a much higher probability of reaching our target than entering now. Especially as we’re about to touch the kumo on the daily chart, possibly pushing the price further down in stead of up.
If we do head downwards towards invalidation we may set up for a short trade, but more on that when the time comes
So, again, and again, and again, we wait. We know our breakout level, we know our target, and we know our risk. We’ll see where price moves, do as it tells us to do.
Breakout level: 495
Max target: 565
Invalidation 438
We hope you enjoyed this trade, and as always, remember,
Be patient, only time will bring you profit.
p.s. we regularly update our scenario's, follow us and receive to receive those updates!
Long setup - short term
ETHUSD Long setup - Short term
Welcome everyone, we have trade setup developing for ETHUSD, following pretty much the same path as Bitcoin (which we looked at yesterday, and our trade got activated ), only looking a bit weaker.
DAILY
We’re still working well within our downward channel. kind of bouncing around the median line. And perhaps this is is a tradable bounce to the upside, we’ll see in a moment on the 2HR timeframe.
We have to recognize, similar to bitcoin, that we are still in a downward trend, and in a bear market. So any bounce to the upside must be treated with caution, as we believe we still have some downwards action to come before the market reaches a bottom.
We can see ichimoku showing us a weak bullish tk cross beneath the kumo. and the kijun is pointing downwards. We will need this to point up to have signs of bullish momentum, and to do that the price needs to make a higher high, which we are waiting patiently for it to do..
Let’s have a look at the 2HR chart now
2HR
The correction from yesterdays up move is a bit more violent than bitcoins, but that is to be expected. For now no panic yet, we need to close convincingly above the breakout level (and break the upwards channel) before we can enter the breakout trade.
breakout level: 495
Invalidation: 400
First target: 564
Second target: 615
Maximum target: 666
Another option is to see where this retracement takes us, we\re seeing no strong reaction yet at the kijun, so perhaps it will find support somewhere between the .5 and .618 fib level. Where the price bounces depends on the strength of the last upmove, if it is strong the .382 level could very well hold. This is much seen in crypto, so let's see if price holds that level, or breaks through.
For now, again, we wait until price tells us where it wants to go, then we will join it.
EUR/USD - INTRADAY - INVERSE H&SPrices has formed an Inverse H&S and is now at the POC where it may start accumulating orders for the reversal to the upside.
My personal details:
Buy Stop @ 1.15645
SL @ 1.1557 (7 pips)
TP @ 1.15850 (21 pips)
RR = 3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Iconomy Buy Trade SetupIconomy currently stuck between the support and resistance levels. the support is at 78.6% Fibonacci retracement level, that is $0.87. The resistance is being the point of breakout of the descending channel, that is $1 psychological price.
In order for ICN/USD to start moving higher, a close above $1 is required. When/if that occurs, price should continue going up reaching on of the resistance levels. The fist resistance is at $1.3, that is 50% Fibs. Second resistance is at 23.6% Fibs applied through the all time high, that is $1.75. And final, key resistance, that could be considered as an upside target is located at $2.4 area, and confirmed by two Fibonacci retracement levels.
Price might continue to consolidate between $1 and $0.87 for a little while, but if it breaks and closes below the $0.84, the downtrend could start dominating sending ICN down to the $0.64 support area.
USDJPY Long Opportunity!Hello traders! At this moment USDJPY had a strong rejection from the bottom of the daily channel - 105.35 level. You need to remember that USDJPY is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will behave inside this structure. If the price will not rise aggressively up to the top of the daily channel - blue dotted line, then it's possible another down move. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
GBP/USD - SHARK MEETS TEXTBOOK CYPHER61.8% Shark target hit (see Related Ideas section for original post) and from the looks of it the pair is on its way to forming a textbook Cypher pattern. Entry at the 78.6%, Stops below X, Target at the 38.2% of CD.
My personal details:
E: 1.3850, SL: 1.3750, TP: 1.4050
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Heavy Resistances Can Lead Cardano to 1k SatoshiAlrighty guys... Let me get this out of the way now:
BIAS: Long-term, I'm still freaking bullish on ADA. If you are bullish on this MARKET in the long-term, then you have NOTHING to worry about with Cardano. It's a legit project with a lot of hype behind it, and it's just finding itself struggle because it was SEVERELY overbought and then dragged into a bear market, fully devised by Bitcoin's diabolical plan.
WHAT I PREACH: Remember when I was warning everyone that things that grow fast come down pretty hard and have a nasty bear market??? AND PEOPLE TOLD ME I WAS FOOLISH. Like bro... seriously? Cardano gains like freaking thousands of percentage points in just 1-2 months and you think that its going to keep going up for FOREVER? ARE YOU SERIOUS?? omg... it just makes me upset, and I hope that those who think that is "likely" have learned a very valuable lesson here. It's just NOT possible to sustain that type of growth. it just isn't. I called the top on and the drop on my last post with this one guys.
ANALYSIS: So there are a few good things and many more bad things I see here with Cardano. Let's get started with the good -
Good:
1) Shit. As soon as I started this I blanked lmaooo, because there really isn't much good... hold on let me think...
2) OKAY, YES. Alright, well, for one I don't think Cardano corrects for more than another month maybe?
3) The two white lines, BOTH now serve as support lines !
4) Volume is very bullish!
5) Remember, this is in Satoshi! Right? So it's possible that a drop to 1k satoshi just means that it gets outpaced by the growth in BTC in dollar value. So Cardano could honestly not drop that much in dollar value, but just its relevance to BTC's growth. It's important to really understand an altcoins Beta, and their leverage to the market. I really want to make an educational post on that and even calculate Betas for you all, but I don't have the time now.
6) THERE IS A CHANCE THAT WE BREAK OUT OF THIS GREEN ZONE!
Alright... So as we see, the good isn't really all that good. It's just kind of like, "Hey okay. It's not terrible!". This next month for Cardano holders MAY NOT be all that exciting.
The Bad:
1) Resistances - The top of the first Green Support Zone - Wave 3
- The 8, 13, 21 AND 55 EMA (Jesus)
- The Orange Support Line is now as resistance
2) Indicators:
- RSI is in oversold regions, but it has a lot of work to do to break those resistance zones
- Stoch RSI is showing this TINY price movement on the daily chart to be heading towards the
overBOUGHT region
- The Daily MACD has crossed and is upticking with LITTLE price movement as well.
3) The wave count is unclear because this is in satoshi, BUT, it doesn't look like it will be even close to outpacing the growth of Bitcoin anytime soon.
4) If it falls even below the 78% Fib Support, then it's going to have a hard time gathering bullish momentum.
So here we see that Cardano isn't in the best position. BUT, if it can manage to break all of these resistances, then it will be SMOOTH sailing for Cardano, and my bias will be VERY bullish! That's why I left this Neutral. Because a breakout is actually possible. Just not likely, yet. Good luck guys, and trade safe!