This is a nice trade setup for Cardano, even though the correction for more down move could be finished; it is more likely to correct higher based on its position on the chart and the long red impulse we have with very little flat movement.
In my opinion, if we are going to go lower, it will give us a longer correction which allows us to get this...
EOSUSD - Big downward reversal over the last couple of months took place and now is the time for a bigger correction to start or the beginning of a complete uptrend!
Look for a rejection at the trend line to complete a 123 flat and 1 more dump to break the low before reversal/correction or we can just turn from here if we do not get a fat...
We're currently having a wedge pattern on usdjpy, as well as the bundling of the long and short term moving averages. bias is for a push up but not ruling out the possibility of a push down back into the demand zone.
NSE:CESC Long at 763.90 with SL at 754.05. There are three potential targets.
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Always risk 1% of account size per trade, adjust the position size accordingly
Welcome to Forex Trading Snacks
I know it’s the GBP! And some traders are asking is it time to sell it now because of it’s recent pop up from a short term bottom? No one up to this point has asked me if it was a good time to buy it for the same reason?
So if everyone is short why is it moving up?
Truth is there is only one good reason for getting into a trade...
ETHUSD - We broke the last low recently and now we have a relatively strong retrace impulse. Whether this impulse is the start of a complete reversal or just a bigger correction we do not know for now. With that said, whether we are reversing or just correcting, this long setup is a good one keeping in mind that we continue moving sideways to make...
What can we see:
1. Descending trend-line, third touch ( anticipating further downside mvnt if oil can break lower)
2. Inserted the fibonacci tool. The 61.8% fib level lies on the Weekly key level, therefore looking for a sell from Region
What can we see:
1. Previous rejections off the zone indicating sellers in...
Chart time frame - H4
Timeframe - 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ 0.6945 - .... and fall to the 0.686 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @...