A Cup and Handle pattern is formed after a pullback from a swing high rallies back strongly to the prior swing high and stalls due to overhead resistance. The price action then stalls much like a bull flag with slight downward pressure before breaking out of overhead resistance. We expect BCH/USD will decline to the red line @ 1100$ then rise again to form the...
Looking at Ethereum you can see a very noticeable bearish symmetric triangle, some people may get this mixed up with a pennant but the difference between the two is that with a bearish triangle, the price starts from the high point, whereas a pennant starts from the low point. And also looking at the MACD a crossover seems very possible to the bearish side, and...
Hope this idea will inspire some of you ! If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video. Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can...
AUDCHF retested broken D1 Resistance TL which now stands for mirror Support TL. Also on Test this pair has made Double Bottom pattern which gives a trend reversal confirmation. After breaking and closing above the neckline of Double Bottom Price is now retracing back and testing the broken neckline and currently market is forming "Harami" Price action candlestick...
It has been a while since our first and last trade but we're at it again with another nice Flag Break trade setup on GTO/ETH at Binance. To give you some context, the goal with our trading on our Binance account is to increase our ETH. At the beginning of this month, we started with 4.49 and after our first trade that grew to 4.8. Today we saw a quick trade...
GBP/AUD is inside of a symmetrical triangle formation. You could issue a scalp buy after the break and retest of the descending trend line, as it will try to reach the longer term descending trend line. Once Price reaches the primary descending trend line, you need to wait and see if it fails to break through on a 4hr time frame. In the event it does break...
Ripple is starting to correct upwards. After breaking through the bottom horizontal line of what was resistance, is now acting as strong support. It has also broken and retested the descending line of resistance. Now all that is left is for it to continue to push through the remaining primary horizontal resistance levels. Over all ripple is in a great setup...
Scalp from the purple horizontal line, being help back from that resistance and the accompanying fib level. Ultimate resistance being the descending trend line. Target area being the lower purple horizontal level.
the AUD/USD Short went perfectly, Now it is in a position for a solid buy as long as price closes above the horizontal line of support. If it closes below and retest, add another short position. Other wise hold the LONG for the take profit shown in the picture.
Bitcoin is clearly in a fantastic setup for long positions. It is being held by the 0.786 fib level, and if you trace it back you'll notice that prices had faltered around this area in the past. Now would be a solid entry point into a mid-long term buy. However it could still continue lower to the next support zone. Once BTC breaks the descending trend line...
Nothing fancy just a nice little trade here on the NZDUSD 1hr with a 3:1 RR
This isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment). Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate. What do you think?
Price is at overbought levels, and is at a resistance trendline. Most importantly, indicator says to sell, as it shows bearish momentum gaining.
Bullish momentum intact from previous trading cycle I don't set stop losses or targets, I manually close trades at end of day.
Hi everyone. Today's call is on gold which has shown weakness in the last week and I expect this weakness to continue in the following week. The Uptrend which started in mid january of this year was broken in the first week of october as you can see on the chart, Price is now consolidating as it retestes the 200 day ema. There might even be further price...
Hi Everyone. This is a complex one. There may be multiple opportunities to make pips on usdjpy in the coming months. I have drawn the white line on the chart considering a few factors:.. 1. The current downtrend on the daily chart seems to be a simply correction of an uptrend on the weekly chart., 2. The Momentum of the downtrend on the daily chart seems to be...