Some corrective move on H1 chart. Interesting support level made of two Fibo retracements:
- 61.8 fibo of last upswing
- FE 161.8 based on zig zag corrective wave
- S/R - previous resistance - now support
Pomiar całej fali wzrostowej na wykresie H1 pozwala wyznaczyć ciekawe poziomy ewentualnej wzrostowej reakcji:
- 61.8 + 161.8 fali BC (ok. 1.1563)
- 88.6 + ZZB -> formacja harmoniczna Nietoperza (ok. 1.1536)
This great set up is looking great.
This was spotted at 0.16$.
The Hardest part was to reach 1$.
Once the 1$ broken the way 10$ is Easier.
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Thank you for the support.
Here's the setup I'm going to take on Bitcoin.
The 12345 impulse wave followed by an ABC correction is what seems most probable from my point of view at the moment. The risk vs reward is there as well - we see we've formed an order block in the $39600 - $40000 area.
This is only my setup that I want to track and it's not financial advice.
A strong company with experienced leaders and earnings report set to light the fuse aftermarket on 8/11.
Unfortunately, inflation numbers are set to release 8/10 8:30 AM - Thus, we can expect a rise on 8/9, a sell off on 8/10 and 11, and a rise again on 8/12.
the above is simply personal opinion and should not be construed as investment advice.
Best of luck.
NASDAQ:BYND broke out of channel two days ago and has setup a favorable long trade.
Entry above today's high at 157.45
Stop loss under today's low at 151.47
Profit target has multiple options but I am going just under the resistance from 2/16/21 at 183.50
Risk/Reward ratio of 4.36
High probability trade
The analysis begins from the Daily timeframe to the 4-hour timeframe execution zone .
5 wave structure complete with multiple wave structures currently in a 3 wave pattern internal structure (3-3- ((with a possibility of 5 to follow)))
Considering where wave B has ended we should consider a high probability that wave C might only go...
NTR is a fairly volatile stock. Keep this in mind when you trade it. The risk can be higher.
While an Ascending Triangle has clearly formed, the price hasn't confirmed the support line yet. However, the risk exposure is minimal and it might be worth a shot.
- Target Entry: $59.11
- Target Stop Loss: $58.18
- Target Exit: $63.66
- Risk / Reward Ratio: 4.89
Technical View of NZDCAD:
NZDCAD - 1 HR
Pattern: H&S - longer term developing, Wedge - short term
Support: 0.89615, 0.89475, 0.89370, 0.89155, 0.88685
Resistance: 0.89940, 0.90105, 0.90175
How to trade this idea:
Once out of short term wedge, you could trade the pull back and trade it to next support area or resistance - to whatever direction it goes...
Good long opportunities that has been presented on the Pound/Yen the past couple of hours with monitred price action over the past few days, been expecting bullish momentum to pick up for some time now and we finally managed to find a setup to ride the trend up, we have been creating (HH) and (HL) since 150.000. You will see 3 orange horizontal levels, these are...