Expect a retest on support line. Bottom line is support, top is resistance. will keep updating throughout this trade
Price cosolidate in big triangle with flat top, and looks like ready for breakout to target of 140$, so be sure you follow risk management. good luck
I can see a clear ABCD. This will be a 300 pip move. RSI is oversold.
MANABTC T/A Total books: $1,822,204.27 (+13.22%) Global Bids: $1,025,155.17 (+6.39%) Global Asks:$797,049.1 (+22.01%)
Moving in side the triangle pattern. If price will break and retest the lower line - around $60.70= Short (Major support at $60.25) If price will cross and retest the upper line - around $62.70 = Long (Major resistance at $63) Always make sure you take at least 1.5R on your risk. Feel free to leave comments and suggestions below!
Following the strong bearish momentum, we are seeing recently on GBP pairs We can possibly see this pair creating new lows before correcting to the upside
Hoping to keep this fairly simple. Firstly, I'm posting this as a direct response to poster MrRenev's OP in which he mentioned cryptocurrencies, bitcoin, ICOs etc should be illegal. It is obvious in his post that he's trying to create FUD pretty desperately, because he mentions things like 'crypto trading is not halal/kosher' etc. among many other things. The post...
Many traders seek consistency through the idea of mastering the markets. They consider them to be logical and therefore can be figured out. They believe with more knowledge of markets and how they operate, they will eventually make a consistent return. And so they continue searching in the markets for a reliable edge, or outside the market for a leader or guru...
We have spotted a long term uptrend about to test the support line, looking to buy as long as support is not broken.
As you can see we previously saw price break our zones which hit our TP. Higher prices are being rejected we now are looking for the pullback. lets see how the week ahead is going to look as we prepare a sell with the look at the market dropping down towards the 26000 level.. its a new week so lets catch some pips because Everyday is Money Day! please follow...
hi dear friends it is exact buy area so follow the price
Have had my eye on this trade during the weekly, long term I have a long bias and usually I would be looking for buying position. But certain moves in the market have suggested to me that the pair are likely to trade bearish for the next 1-3 weeks and so I will be looking for shorts in the short term to enter with and monitor from the daily chart. Will see how...
buy : in the chart sl : All points between purchases
I think Bitcoin has the true potential to moon from the buy in point I have set for all of us to start to long on, or we will go a little further down before we get down to the next buy in.
Hi Traders, The AUDNZD has broken out of the bullish ABC zigzag corrective chart pattern within a larger downtrend. . The pullback which retested the broken descending trend line, 38.2 Fib and resistance level is most likely part of Minor Wave 4 "blue," which could indicate a continuation of the downtrend. . The first target is support level @ 1.0378 and main...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @1.2990 level and move towards the first Target 1 level @ 1.2835 FX:GBPUSD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin is crashing and continues on doing the same !! BITFINEX:BTCUSD is down by more than 82% this year!!. We are looking for another significant drop to the @2000 level, thats another 45% wow! From my experience stay on the sidelines or short sell!! Follow your Trading plan, remained disciplined and keep...