The price trying to break the resistance zone 110.626-110.728 and it comes back. So, looking at the confirmation signal and making your risk less than 1-3% but personally i think less than 1 percent or 1 percent it would be safe. For this trade the win rate is 1:2. Thank you/\
The bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They...
15 Minute time frame Overbought. shorting Until end of day or into tomorrow
Feel free to PM. our software teaches methods to make successful and consistent traders. Must be willing to invest 250$ into yourself.
This market is insane. I have been glued to charts for the last 3 weeks or so. I started this journey scrying US market data on Android trading apps supported by about 5 hours of life experience. With the immense support and guidance of others dropping breadcrumbs all along the way in cryptospace I've in the last few weeks learned to produce and talk about a...
Here we are on the AUDCAD daily timeframe. Price is around the 61.8% Fibonacci retracement. I think price will move up a bit first, but by the end of the week it will probably have broken to the downside.
What if we actually break north?
What if price continues to drop?
My Overall Bais: Bullish
Confluence: 3rd bounce of Daily black TL.
Confluence: possible break of the H4 blue TL.
Confluence: price laying on 61.8%
Confluence: RSI (waiting for Tuesday)
No trade Monday: NO
Tuesday 3AM EST: TBD based on confirmation check list.
Hello Traders, AUDNZD Breaks the down trendline in bullish trend, and the breakout candle is looks like power candle , so we enter buy in the breakout and place stop loss at next low and the take profit is next Resistance level
Entry : 1.04755
Take Profit : 1.06071
Stop loss : 1.03834
Risk Vs Reward: 1:1.43
Have published sell trade on this pair already which is attached with this idea. However, wanted to make detailed price action explanation on this trade. Look how price behavior can be interpreted & anticipated ahead of times. Enough one have enough knowledge & practice then we can predict the price movement for certain degree. Now I know many wont subscribe to...
I had a request from a friend to analyze USD/TRY:
On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves.
Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
In continuation of my earlier blog on Technical Analysis For Beginners (link attached below), today I want to pen down important detail on indicator, specially MOVING AVERAGE's (MA's) . Many many traders use different type of moving average in their trading strategy which makes it more important indicator compared to other indicators. Many people ask or doubt...
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