BTCUSD Daily TF I currently see 4 Scenarios for price action over the next couple of weeks. #1 Bullish: Current rejection off the Daily Resistance may see price fall to internal uptrend trendline. RSI is beginning to trend upwards nicely and we have cleared the 50.00 level. If price can respect uptrend then we may have another test of Daily Resistance. If we...
What can I say... I had fun with this one. I didn't start off taking this seriously at all, but then like I usually do, I got really into it and that I started to recognize some interesting trend patterns - so I went for it. I started by inverting the chart completely. I wanted to be unbiased about this as much as possible. I have no trades open in XRP and I am...
Hi guys I'm torn between this trade and will let the market decide on the best course of action. ** Remember that we do not try to predict future price. We simply react to current price movement based on our interpretations of past data.
On the chart I've outlined significant support and resistance zones for NZD/CHF. A break of the resistance will signal a strong bullish movement, and a break of support will signal strong bearish movement. With my trading strategy, I will wait for a break, retest, and then I'll enter. Remember to set SL & TP. Risk Management is SO IMPORTANT!!! With using...
if it breaks the neutral zone downwards I go short, if it breaks the 50% upwards I go long
Depending on how the market breaks it thats how we react
if it breaks through the neutral zone downwards again I go short if it pops out of the neutral zone upwards and hits the 50% level I go long
I see confluence on the 4 hr. Stoch seems oversold. level could possible hold. will wait for confirmation. remaining unbias.
Price consolidated after a strong bearish move. Possibly a continuation. orders prepared. remaining unbiased.
Alternative scenario: If price rejects then we will look for a short opportunity.
When something is unclear up close, it is often more attainable from a broader perspective. Rarely do traders look at the big picture when evaluating a trend. What people dont know about the DXY is that it has travelled to much higher price ranges than its current treading grounds. When we look at a large time scale, we see that the recent USD rally is a lot less...