Entry @ 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...
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...
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...
Prices 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...
UPDATED! Good position for long setup on euraud weekly chart by wolfe wave patern with channel that serves as supply and demand levels and fibonacci extansion zones: 161.8 100 0.618
Iconomy 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...
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...
61.8% 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...
Alrighty 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...
Price currently forming a Hammer candle at the POC from 3 days worth of data in a High Volume Accumulation region. Looking for longs
In my opinion when price reaches the 95.000 or 89.000 the price should show signs of reversal indicating a possible bullish run. As you can see at the date 07/12/2017 prices made its bullish run from that point 95.000. Will history repeat itself?
As the title suggests, back in October 19 (2017) I made a post on this pair calling a potential +1000 PIP target, using Wave analysis and ended up playing out in textbook fashion, which is something I am very proud of. God knows if I'll be able to call such a move again therefore I'm posting this to share with you that achievement. This goes to show how...
Litecoin in a strong impulse. Since falling is the strongest of all. Very low-risk setup on Short position. Shot pulse channel and fulfilled its purpose. Target on the chart
Confuences between 38.2% retracement, 61.8% retracement, the monthly support level of 1.40 is going to be retested and a candle forrmation of a "ladder bottom" to be confirmed with the monday`s candle, key level on Daily candlesticks + MA`s crossed to the upside, next target is the -27% extension (1.4310)
Hi there, sharing a long setup on FX_IDC:USDJPY Entry criteria: -Monthly timeframe forming a low test/doji candlestick -Daily bullish engulfing / MACD bullish divergence -Intraday descending wedge/channel pattern -Price retraced to the 1h 50 EMA, showing deceleration; -5m pivot showing support I set up an entry order over the next pivot line on the 5m...
Good night friends. I thought the correction would start earlier, but I made one mistake in the past in calculating the wave, which destroyed the entire nesting doll. Now everything returned to its place. Sales are coming to an end within my favorite final diagonal triangle. We have all 5 waves, even an interesting thing as the last price jerk. Breaks the...
Price has broken through, and currently retested the neckline showing a lot of upside momentum and giving a nice long opportunity. Will be looking for the next higher high / higher close for entry. 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...