Please support this idea with LIKE if you find it useful... USDZAR MONTHLY FX:USDZAR Huge Bearish divergence in the monthly time frame. Previous month closed as a sell signal hence we expecting huge sells this month.. Our initial 1st Target has been hit with patience we moving on to the next target 16.33390. Price line in monthly has crossed below...
Hello Traders, The target of this breakout of this triangle is around 0.00000220 sats If we fail to broke will assume the sideways movement will continue around these two levels of this image below. For now, we are facing a very important resistance level right now. Best regards, Sandro and Gustavo. Feel free to visit my pages if you would like to know more
Hello everyone! I will keep it compact as always: 1. Broken trendline 2. Wait for chart to reject the golden zone 3. Go to a smaller timframe and look for a trendline or/and resistance 4. Find a good entrypoint with a thight stop loss 5. WHEN IN PROFIT TRAILING STOP IT! I hope you like it!
Another range bound market making a nice setup to continue down. We can see here that price has created a range between 66.131 and 63.474. We would anticipate that when price will sell at this resistance after creating a nice bearish pin-bar. Although there was indecision in the market, sellers have managed to enter at a decent price. Now, for us to change our...
An obvious setup during a range bound market. We can see here that price has created a strong range between 1.09858 and 1.07798, and this is clear on my chart. As you can see, price is now at the resistance in this range and we can see a nice reversal pattern. Now, if price decides to move higher, then we would look for a solid break through of the resistance...
USDJPY Broke falling wedge and now the price is retesting a new structure and create a new triangle. We have to wait a breakout signal, if the price breaks to the upside we will set a long order, if the price breaks to the downside, we will look for a sell order. Our strategies must be satisfied before set an order ––––– Here is the Plancton0618 technical...
The more I look at this chart, the more unsure I get especially after all those huge wicks to the downside. However, in an overall view, it looks like a downtrend (before climbing up to the 10900). For now, we just have to sit on our hands to see what's the $BTC's Next move. Stay patient, Mind your Risk, and Happy trading. :)
Hello everyone! I will keep it compact as always: 1. Wait for a closed breakout candle at a lower timeframe (15m/30m) 2. If it breaks the resistance level with a closed candle above it, we are looking for a BUY 3. If it breaks the small trendline and leaves rejection wicks behind, we are looking for a SELL 4. BE PATIENT! We need to react to PRICE ACTION! I hope...
Patiently waiting this trade to hit our buy stop and the lowest will be our stop loss risk reward with high probability set ups we will definitely become better traders w/ profits. Is this high prob trade? let me know what yall think
Hello everyone! I will keep it compact as always: - Wait for the trendline to get broken - If it breaks the trendline and the candle closes above it, we are looking for buys - If the EMA 8 looks like it is going to cross the EMA 14.. Well that is a GOOD sign - Be patient! I hope you like it!
I used support and resistance on the 4HR timeframe to see where price could go next. My analysis shows that it may be bullish if it does bounce off of the support trend line. Plus I will be waiting for confirmation before I enter the trade. Let me know what you guys think.
test number 4 Buy stop is triggered lets observe and see how price reaches to the important levels. inverse correlation GBPCHF overall managing risk is key and tops risking 1% per trade. #patience
What i noticed is that trading a certain pair alone does not confirm entry. Utilization of correlating pairs and managing trades that way has more probability in capturing pips. Therefore, AUDNZD inversely correlates with EURNZD The trade will be invalidated if price breaks the psych level of 1.0500
Testing new strategy only high probability trading if price reaches to the next psych level before the sell stop is triggered the trade is invalidated. but if does than our stop loss is 50 pip from the entry level and aiming to get about 75 pips - commission. if price reaches 18200 we will look to capture the sell stop from that area. risk management is key
As we can see price moving in consolidation at the moment. Waiting game. Patience is key!!
Entry available for the Long Move On GBPJPY . Comment will be appreciated