I simply followed my strategy and entered a short position @ 0.0004294 and plan on keeping this position until the upper donchian line breaks. At this moment the upper donchian is @ 0.0003915 and the channel will become slimmer as time passes. KEEP IT SIMPLE. - Andres
We never reached a buy signal yesterday despite the short run with the bulls. This means that we are still bearish.
I have added the oscillators I use with my script into a template which will make it easier for you to follow along - also on other coins than BTC.
Just add this template to your favorites and get a free trial for my indicator....
Last post: July 13th 2019. .
Review: Price was consolidating.
Update: Since then we have seen a nice move to the upside but price is now starting to pull back, using the $1,500 round number as support.
Conclusion: To confirm a continuation of the upside, we want price to break...
At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup.
If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price.
What's your trade...
The $USDCAD or The "Loonie" as it's called has been just that for me this year... Loonie. Due to the vast differences in overall trend direction based on what timeframe you're looking at, I've had a very difficult time getting a read on this pair & making any type of longer-term projection,
With that being said I do have a shorter-term projection on my radar &...
Trend Trading Opportunity for this setup, on my live account the closing price of C leg closed below A, hence, pattern valid.
What I love about this trade is that the shorting opportunity came into the double sell zone area and RSI is moving towards overbought, not mentioning there's a strong resistance.
What're your thoughts on this? Comment down below
This morning we were able to capture 1st targets on a USDJPY potential bullish breakout and I wanted to stop by for a second & talk about secondary opportunities to get involved as well.
Now before we get started please understand that it was a little difficult to fit the entirety of this trade idea on to the chart as multiple timeframe analysis was involved,...
A bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What's great about this is it accompany with RSI Divergence which says otherwise on the market movement.
Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the...
A bearish shark setup as a trend trading opportunity. Shark pattern is 1 of the most tricky harmonic patterns as there is a possibility of up to 3 different entry zone and by having that you have to have your Fibonacci right.
The next few candles will determine if the setup is valid.
Hi all! Another @FollowMyForex swing trade just triggered, this time on the AUDCHF. We went short and there is a lot of room to the downside, so we'll be riding this one out to the last target if possible.
Trading with all the amazing momentum in the FX markets recently have proven to be extremely profitable. As long as Trump keeps running his mouth, as long as...
Last post: September 12th 2019. See chart.
Review: Price had been creating new all-time highs before forming a deep pullback.
Update: Price is looking bullish again but there is a resistance level standing in its path.
Conclusion: If price can successfully break and close above resistance then we should be presented with long opportunities.
Any comments or...
Both charts are on a trend trading setup in their own rights. Bearish Bat Pattern still stands within the sell zone.
Bullish Shark Pattern on a bullish shark on the final entry opportunity shall see how the setup unfold.
One of the pairs that we covered in today's Trading Edge series was the AUDJPY. At the time it was setting up a breakout pattern called an ascending triangle which would give us a projected break to the upside. As I type this the breakout is still in progress, but that doesn't mean that the opportunity to get involved isn't.
There are a few different ways to...
Last post: August 7th 2019. See chart.
Review: Price was finding support after breaking through a previous support level.
Update: Price has started to go sideways and is struggling to break above the resistance level.
Conclusion: We need to wait for price to break through resistance followed by the previous all-time high to help us confirm a continuation to...
Last post: August 7th 2019. See chart.
Review: Price gapped up, and started to pull back.
Update: Price filled around 50% of the gap and has started to rise again.
Conclusion: If the bulls can continue to have control then we should see a break of the previous high soon.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up...