There seems to be a bullish falling wedge pattern forming on the 4 hour/daily time frame could be a potential good R:R trade. Goodluck.
ADA /USD is at a key area right now. With all the positive news coming from CARDANO recently and the success of Haskell Testnet so far; things look very promising for the future and the rest of this year! We are looking for ADA to push and close above this UPPER trend line on the Daily. This could happen within the next 24-72 hours. Which could mean the bottom...
Trade set up now on gold. Buy - 1697 Stop - 1690 below the trend lines and today's low - If that level breaks we are heading down to 1678 area at the bottom of the trianglish wedgish pattern we've been stuck in for weeks. Target 1 - 1717 or the top of the triangle Target 2 - if we break out of the triangle resistance above 1717, then we may be going much higher.
- Price could break black trendline - Look for re-test of trendlines (black & blue) - Observe price action at 70.30 - Immediate entry can be placed at 70.30 or wait on bearish candle stick formation for entry - NB: Small risk high reward trade
A good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price...
Hello everyone welcome to this update. I'll keep it short. LTC Just broke out of the falling wedge channel which is bullish in nature We are witnessing a perfect retracement on the resistance turned Support trendline. We can take a safe trade here. #LONG ENTRY: 0.005905 TO 0.005915 TARGET: 1. 0.006054 2. 0.006120 3. 0.006206 4. 0.006285 STOP LOSS:...
What if we were all wrong and the bear market ended up just right now ? What if the btc price needs to touch this 200 Weekly SMA to pump again ? What if this sell of is miners preparing for the next coming month of poor btc production and low price ? For the miners to have the same gains after the halving as the last weeks, they would need a 16 to 20K (the...
GBPNZD formed a double top on the intraday time framework Technical outlook Double Top Channel Trend SELL 2.0470-2.0450 TARGET 2.0360 2.0320 SL 2.0490
USDCAD is stretching up to a horizontal resistance zone. This zone has been retested multiple times and all time has reversed to lower lows, so there is a large profit potential in this trade. Stop Loss placed slightly above highest level previously broken through, meanwhile Take Profit is placed near the horizontal support zone, although this could drop even further.
As we can see the price is at the bottom of our channel where we are expecting a big bounce. We have great divergence to support our idea. Good luck to everyone!
Before we see this falling wedge complete its move, we should see one more test toward 250 (TP) before more big downside movement. Sell at 250 and wait to see if we can push through channel resistance before re-entry. Do your own research before investing, this is not financial advice. DotcomJack
Back to the basics is always better. Targets: Target 1: 1.31416 Target 2: 1.31151 Target 3: 1.30948 Keep Positions Liquid
I'm eternally bullish on BTS, but a year-long bear situation is possible... When trading, look at the risk to reward. Shorting to the bottom of the triangle would yield 50% returns. Although you may get the false pride of buying the bottom. However, longing to the NEAREST resistance level is 100% returns. Longing to the second nearest resistance level is 300%...
Expect current price to bounce up soon at highlighted zone below !
Another solid Risk to Reward setup here. I cannot stress how important it is to have a good Risk to Reward ratio under pinning all of your trading decisions. I always look for 5:1, 4:1 or at least 3:1 reward for any capital I put at risk. This means that even if im performing badly and placing more losers than winners, I'm likely to at least break even or even...
Posible short sell opportinity on this pair. Use risk management Good luck