AU is looking to long to 200ma, i think its going to get near 75.000 and then short down to my channel bottom (73.xxx). last week price double bottomed back into week open range and closed up, but not over the open of the week, still think it is showing bullishness but over all i am looking to short AU, maybe in the coming weeks. AU monthly is in a established...
Something little different that Bitcoin today. I have identify a loss risk trade. Stop-loss is close and possible profit target is lot more bigger. The ABCDE triangle consolidation provide us a decent breakout but this one have been struggle and squeezed by the bigger range. In a range you sell the top resistance : basic rule. I have not a lot of time (i hope in...
NZDUSD is in an bullish uptrend. It has moved sideways in a range Watch Macd for direction Bullish Range Breakout Trade Buy Stop .7073 Take Profit .7150 SL below Range top Bearish Range Trade Enter below 100 sma Sell Stop .6965 Take Profit .6902 SL above 100 sma
Pair may go sideways waiting for FOMC tomorrow Price is technically in an up-trend position because it has not swung below ma's in last 30 bars If it is going to be a trend then price should make a higher high If not, then price should drop below both ma's and fall towards the range bottom Watch Macd for direction Bullish trend trade Range top breakout Buy Stop...
GBPAUD is in a Day range pattern Price is at the bottom of the range and also at a long term sup/res level Price can bounce off range bottom or breakout and continue the trend Day Breakout trade - Sell Stop @ 1.7520 Take Profit @ 1.7420 Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again 4H Reversal Trade 1st Buy...
Pair has been range bound Price is at top of range Several bullish wicks have tried to breakout long and failed 1st Sell Stop in trade @ 1.2895 2nd Sell Stop @ 1.2869 Take Profit @ 1.2835 SL @ 1.2933 You may want to wait for this to happen before entering your sell stops Price may retest range top - watch for a candle close above trend line and fail again
Analysis on chart. Short opportunity with heavy selling on last bar.
Ladies and gentlemen, Here we have an excellent range play from VEN. Buy near bottom, sell near the top. The range is between 48K and 60K which gives you a nice range of 50-58K of play. That is about 16% of profit and you can rinse & repeat until we break 60K. This should last for about 30-45 days. The technicals behind this trade: We are currently in wave...
Exits should be based on two things, basically: 1) Targets If range trading, you should close your position after price reaches the opposite side of the range. If breakout trading, you should close your position if price reaches the target based on the height of the range. 2) Signals If you use MACD signals for your entrys and exits, for example, and it "shows"...
Gold is trading within a trading range these last couple of weeks. Currently sitting at the bottom of its trading range . A long trade here is justified in terms of past performance and market inertia factor . Stops are below breakout level and t argets are double the risk . Worth a try.
Bitcoin did break out of the downward trend and rallied a little bit. Right now price is moving in a sideways range. There're two of ways to trade it: a) Stand aside untill price starts trending again (breakout) b) Trade within the range. (long or short as long as your stop is set outside of the box in case price starts trending again) Keep it simple!
Price has been in a range Price broke bullish out of range but failed and returned back into range Price approaching range bottom for possible bearish breakout Range bottom @ 1.2820 Sell Stop @ 1.2815 Take Profit @ 1.2775
we are bottom of the range it is little risky cause overall trend is bearish i am accepting the revircal at this poit for little time .
It looked like the EURGBP was going to break out of the range and start trading lower but after a fake break out momentum didn't pick up and with recent GBP bearish news price has turned around. Looking for a pullback to enter with a Profit target at the upper side of the channel.
On the weekly chart we can see price is moving within the 0.72000 and 0.78000 area. Price already turned around. With price currently at 0.74750 there is enough room to the upside. On the Daily chart we can see price just finished a pullback and is now moving back up again coming from the supporting trendline. Horizontal support is at 0.74150. Therefor with...
On the weekly chart we can see price is in a range: 0.91700 - 1.03500 0.96 is acting as support a couple of times as well. Currently price is at 0.97160 so I’ve put this on my watchlist to see if price can break the down move. IF it does (break of trendline and price actions confirming higher highs and higher lows) I’l get in and set my profit target at...
Multi Time frames Day/4H/1H/15m Day - Double top/evening star candle pattern 4H - Macd overbought/Macd crossed below Red signal line/price falling to 50 sma 1H - Price stalling above 38.2% fib retrace/Price riding along 100 sma 15m - Macd over bought/Price broke below 100 sma Enter short on a 5m break-hook-go
1st ENTRY - Macd cross below Red signal line 2nd ENTRY - Sell Stop 1.2810 support breakout 3rd ENTRY - Sell Limit Range Top 1st Take profit 30 pips from entry 2nd Take profit 1.2735 Support level SL above range top