I like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading. As I...
After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the...
MRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the...
SRZN ona 30 minute chart is on a consistent trend up for three weeks with some minor normal corrections while underway. Now is one of those pullbacks waiting for an entry. Price is getting support from the first upper VWAP bandline confluent with the lower ascending support line of the megaphone pattern. A megaphone pattern documents increasing volatility in...
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
CAPITALCOM:US30 ♥ Afternoon session Longs▲ -1m Timeframe entries -Longs from Hourly Point of Interest(POi) 38546.43 - 38567.17 zone -Awaited 12pm Retracement + Higher break of structure. -closed at 2pm hourly open 95pips✔
Traders, As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break...
Let's take a look at the AUDJPY 4-hour timeframe chart and explore the potential buying opportunity in this pair. Price yesterday successfully broke above the short-term bearish channel, aligning with the higher timeframe market structure, which adds to the possibility of the price intending to move higher. Currently, the price is situated at today's Pivot area,...
Hello, traders and friends. Let's analyze the GBPJPY 1-hour timeframe chart and explore a potential buying opportunity in this pair. Yesterday, the price successfully broke above a Daily bearish channel that had been pushing the price lower since August 21st. This impulsive breakout to the upside suggests the potential for the price to move higher, possibly...
Hello, traders. Let's examine the EURGBP chart, where the price is currently completing a pullback to the broken short-term bearish trendline after a change in market structure towards the upside. This provides us with an opportunity to position ourselves in alignment with the higher time frame. When you review the Daily timeframe, you'll notice a bullish...
I saw a choch on the daily which indicates that the daily pullback has started. The internal structure of the 4H has aligned bullish as well. Once I see lower time frame confirmation I’ll look for a long position targeting the 4H high
Covestro has just been added as a 12.5% position to our model portfolio. Some comments: 1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend. 2. Stochastic RSI are indicating an entry coming our of an oversold position. 3. This is a pullback entry following a healthy pullback over the last 2 weeks under low...
Multiple indicators have signaled bear as well as overbought conditions for Bitcoin on the 15m chart. This makes sense because Bitcoin has just experienced a pump within a short period of time. Usually, this means a retracement will follow as market participants will be compelled to take profits which means selling in the shorter term, a potential dip may be an...
I identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here) And we did see a breakout and run up to 540-550 levels. Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463) and this week a hammer-like candle is also formed in the support...
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength. This...
Weekly Chart FX:USDCAD has bounced from the support Daily Chart FX:USDCAD has broken out and trading at 1.3429x now. It's more room to go up So join the race when it pull back to the support around 1.3383x Wait for next move
UNH after earnings with a mild beat in mid July, price shot up for one week then went sideways and then pulled back in the past week. Price is now at 497 and under the dynamic resistance of the first deviation line above the mean VWAP. The dual time frame shows a good pattern with the shorter TF of 3 minutes in green above the longer TF of 45 minutes in black....
It seems like WLDUSDT is trading in bearish channel. It's just pulled back from the support trendline (at around $1.65). if this pull back to be hold, we will witness a fine bullish rally of around 35%, in this instrument. What you guys think about it ?