Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.
Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with...
Confluences:
1: Daily Chart Trendline Bounce.
2: Price is bullish on daily chart and has just completed higher low
3: H4 counter trendline breakout
Entry:
At the break of the H4 counter Trendline
FOREXCOM:HKXHKD is still in Seller's territory and now is a good time to short.
Purely Price Action setup and here is my personal trade opinion:
Sell Limit at 23,891
Stop Loss at 24,400
Take Profit at 22,589
Risk Reward Ratio = 2.63R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own...
Simple strategy:
If the top resistance marked with blue is broken out with a trigger candle, then buy and hold until it reaches the green line. This profit zone is a weekly peak.
If the bottom support marked with blue is broken down with trigger candle, then sell and hold until it reaches the green zone.
Don't measure these lines point by point. The...
Bitcoin has been ranging for quite some time now... I'm guessing either we will keep ranging for some more days/weeks or we will see a big move in the coming days. Maybe some catalyst news for a big boost up or a dump like in november?
