GBPCHF Short Trade SetupHello Traders
It looks like 12345 structure is in the making in the C wave of the daily regular flat. If so, the last top should be the end of the 4th wave. That's why I'm waiting for a small correction to place a pending order. I'm planning to hedge my short trade around the 0.618 retracement level.
Trade with care.
Bulent
Short-term
CADJPY Long Trade SetupHello Traders
It looks like we have a complete correction over the blue trendline. If so, the last bounce back should be the reversal impulse. Now, I'm waiting for a correction to take a long trade. Then I'll hedge my trade between the white line and red trendline.
Trade with care.
Bulent
Agilent Technologies Pullback to 93This is a very bullish pair but pullbacks are always do at some point. This is a quick in and out play down to the 93 level as this was the previous swing high.
This is a technical trade based off a break and retest of structure, concurrently having the 1 hour and 4 hour 50EMA lining up at the same area, as well as the 382 fib retracement.
Stop loss is placed right above the 618 retracement and target is the 272 extension which coincides with the 93 level where the last structure was broken.
LongStopping volume around Rs 185 then stock came to same levels on diminishing supply. Sellers are exhausted. SL 189, tgt 250. Risk :Reward =1:5
NZDUSD Short Trade SetupHello Traders
The last top should be the end of the yellow 5. It should be making a correction now. It can stay over the green trendline or come down more for a bigger correction. That's why I want to take a long trade to hedge it at the end of the C. I placed a pending order over the last top and when it's triggered, I'll place a sell limit order to 118 extensions of the yellow A to hedge my long trade.
Trade with care.
Bulent
Short-term signal for Bitcoin growthBitcoin price has broken through the upper border of the triangle and is now fixing above it. On the 4h timeframe, the Stochastic and RSI indicators show a clear bullish divergence, which is a signal for growth. We continue to wait for a reverse correction in the range of $10,750 - $11,000.
A good point to enter a position will be at the retest of the upper border of the triangle. We would advise to enter purchases in the range of $10,189 - $10,060 with targets near $11,000 (~ 8% - 9%).
Kava failed to breakout (Testnet sell the news)Lets put it simple. Kava failed to break 4.5 level - we will likely retest lower resistances
TP 3.7 level
SL 4.2 level
This one is a quick one.
personally, I am still bullish longterm but decided to short since I had margin positions still opened from lower levels.
EURCHF Short Trade SetupHello Traders
If the blue B is a running flat we should get at least one more downward impulse for the completion of the higher degree expanding flat. That's why I'm waiting for a correction to take a short trade. After it brakes the previous low, I'll hedge my trade.
Trade with care.
Bulent
EW Analysis: GBPAUD In The Corrective PhaseHello traders!
GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as corrections are made by three waves a-b-c, before pair can look for strong resistance and a bearish resumption into a wave 5.
"A wave 4 correction can unfold as a simple zig-zag, which seems to be the best possible scenario, unless it turns out to be a flat, a triangle, or a more complex w-x-y move."
Resistance for a wave 4 correction can be at Fib. Ratio of 38.2 that comes in at 1.88/1.90 level, so watch that area as a potential resistance, especially around the previous wave "i" swing low a lesser degree. As such, there is room for slightly more upside before downtrend may resume.
Be humble and trade smart!
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BITCOIN ( Next Big SHort )Here I share with you a peculiar way I have of working Bitcoin. This always anticipates the possible falls or rises in the price of BTC, just as it makes you see the good areas of Buys or resistance. How? by working it against Gold.
A possible drop in price is coming. I hope you like it and can take advantage of it.
DXY fail to break resistence This is the dxy chart that I want to show with my previous XAGUSD long position, if you are watching this please do scan throught my xagusd long idea too.
In my chart dxy yet to break the resistence and seem like it is forming the reversal pattern.
This is still very risky trade as the comfirmation candle is yet to form. If you are defensive trader I would recommend you to wait a little longer, but as for myself, I'm very aggressive in the very short term trade.
I only have positions with metals for now, but if you have all day in front your desk, you might want to consider other currency pair with USD.