Reversal Play
Reward/Risk: 6.5/1
Entry: 17.24 or at a lower price
Stop: 15.50
Target: 25.00
Options Play: March 19 18/19 Call Vertical
Assuming the recovery continues and we continue to see inflation X might be a great play
Hello just wanted to share my trading system since too many people stress a lot over bitcoin volatility and loose money, I also lost a lot in the past trading the charts with margin / futures.
Today I have this simple trading system and I relax and dont care where markets go next and I been getting profits of about 10% average each month on bitcoin, ethereum and...
CONFLUENCE
Descending Channel(Likely to break to upside
Retest of last high within Ascending Channel
Break of Previous High
Risk
1% per trade
SL placed based on current market structure. Placed slightly below long wick of prev. candle.
Dynamic Stop loss. Stop loss will be removed based on market structure(Breaks of highs + Lows)
Reward
...
You've seen the "LINK will follow" statement whenever Ethereum mkes a significant move. As majors it makes sense that they move in some kind of order. Is the correlation enough to create a strategy based on it? The last 3 months have proven that yes, it is more than enough.
Despite the fact that LINK is well up against USDT, it is acctualy down against BTC in the...
Before my holidays, I give you a mini analysis of the eurjpy, we are in a channel, we place supports and resistances and we let the market do its thing, in addition to being helped by the candles : ) FX:EURJPY
Today I'm bringing you a system that uses simple price action, fibonacci and 1 basic indicator.
As simple as they come, everyone has to start somewhere.
On the 4 hour chart, after the price made at least 1 higher low, with the RSI remaining above 30, followed by the price going up and RSI crossing 50, a buy signal is generated.
The entry is going to be 23.6%...
This is my 20 Days trading calculator , i will share it for free..😊
Forex trading it's very simple, you just need to be content with small steps. That's all trading is.😊
Small steps that you take every day so when you look back down the road it all adds up and you know you covered some distance.
It took me a long time to accept that, but it's true.😊
If most...
USDCHF ha estado en una tendencia bajista, actualmente ha hecho un quiebre en la tendencia y también un retesteo ; por lo tanto es un buen momento para impulso comprador con un riesgo beneficio de 1/ 8 hasta la zona de 0.618 que corresponde a un nivel de oferta de este par de divisas, Dólar contra Franco suizo.
EURUSD has been ranging for the past 4 days, rather wide swings.
For now, EURUSD looks support above 1.1806 but I cannot ignore the possibility of further down move if 1.1806 breaks. Lower support at 1.1780-88, 1.1764-68, 1.1748. 1.1734 should cap low of day, presenting low risk buy level.
If 1.1824 break, we might see 1.1842, 1.1876. 1.1898 should cap high of...
Based on yesterday's daily candle close with rejection off new lows, price action looks bullish.
Bias will be long above 5791, targeting 5822, 5839.4, 5858 and 5879. 5896 if hit will present low risk short level.
Below 5778, bias will be to the downside, targeting 5744 and yesterday's low near 5722. 5682 should present low risk buy level.
BNR has broken up through the downtrend resistance with a solid base now around 6.7c.
Bit of a volume push and we could see this thing pop.
Target - 10c
Stop limit 6.1c
reasons to sell if price breaks below the following grey rectangle:
1- divergence on macd ( macd used from the one on mt4 , recoded on pinescript)
2-head and shoulders pattern
3- trendline break ( the break coincides with the head and shoulders neckline)
4- psychological number 0.9 ( break below it)
5-break of support
as you could see here there are more then 5...
Price did not reached the previous high, not even projected Fib level. Now price traveling south as indication of less bullish pressure. The structure may be switching to a downtrend as we see it.
Our price action indicator shows us a long trade on USDCAD. It is advisable to place a buy limit on entry 1, or enter now (TP1) and use entry 2 as an SL.
However, we expect a bullish movement
AUDCAD is good looking and strong buy from momentum perspective. This currency pair is showing performance on 4 hour timeframe.
Pair did a good rebounce from previous week and price is not even close to resistance that has to retrace from it.
In analysis is explained only expcted flow by each target.
Video will be published on youtube for the same analysis...
