Hey traders, today I share a pairs trade I put on, going long $PEP and short $MNST in equal amounts betting on a reversion to the mean in the next couple of days and with a tight stop loss to limit the downside. These are two similar stocks which make for a great pair and you can see on the Range Strength indicator the pair is currently trading in a strong range...
It is forming unconfirmed 123 pattern. Needs to break confirmation resistance to reach the target price.
It is important how it will close today. It is unconfirmed 123 patter so far.
It found support at 50SMA. It is a unconfirmed double bottom. Look for the chart for the details
In this idea I will break down the price behavior of BTC/USDT and explain how an ascending channel and a fib retracement are playing an important role. BTC/USDT was following an ascending channel but just had an attempt to break out of the channel. We have seen strong support again on the 8750 level, an area where the price has traded a lot recently. The price...
In this idea I will look into detail how the Relative Strength Indicator has been behaving recently and how it can help us to predict the price of BTC. The RSI is a momentum indicator. If it increases above the value of 70 we can call it an 'overbought RSI'. This indicates that the price has received an unsustainable upward price momentum, and we expect the price...
After a very bullish close on Friday, I have taken a long position in this pair. I expect this pair to potentially move all the ay up to 0.9300 area over the long term. I will be looking to scale out some of my positions as previous highs and will being my stop to breakeven at the alert. If you want to learn more, please follow me on here or on Instagram...
In this idea I will explain break down the price behavior of ETH/USD and explain how an ascending channel and psychological support lines can be used to find the next area Ethereum will find support. On this area you will be able to enter a long position trade. In my previous idea I went into more details how I expect ETH/USD to move towards $240 over the coming...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. BAND Just hit this very strong support zone for the fourth time. We can go in for a nice support and resistance trade set-up. I used a trendline this time as resistance instead of a horizontal resistance zone that I normally use, because the bulls has been facing more difficulties...
All info can be found on the chart.
The bulls are very strong right now. We've just seen them taking a shot at 9400, confirming the descending triangle. However, with some of the bears stopped out the bulls might return stronger than ever. The scenario I want to share in this idea is the opportunity for another rally, this time breaking through the upper resistance of the triangle. When that...
It is getting ready to break out this time. It might pull back after RSI hit the trend resistance line.
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. By all means, this trading area can be seen as an All Time Low within the shorter timeframes. We have reached levels that were last seen on April 2017. It is rare for a price to break through such levels, which means we can start trading with a bullish bias. The first opportunity to...
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru
All info can be found on the chart. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me! - Trading Guru