Lovely double bottom set up on gbpusd 2 to 1 RR at current level although my entry was just under
Looking through to next week, if price pushes up to the 6850 area ill be looking to short the market I have shown 3 potential targets based on your risk appetite Option 2 & 3 would be dynamic targets where as option 1 is a static target and a re-test of the lows GOOD LUCK TRADERS
If price pushes into this zone and rejects ill be looking to take a short with tight stops above If previous support turns to resistance we also have a lovely Fibonacci confluence zone GREAT RISK REWARD OPPUTNUITY IF IT SETS UP CORRECTLY
Nice risk reward profile on this DT at a good structure level Lets see how it plays out - in this trade as above
ETH has showed rejection at a weekly cypher pattern and also tested a monthly support zone Looking for initial targets at a re-test of the highs gives us a nice RR for position 1, and for the more aggressive you can aim for extended targets with a 2nd position Stops ticked below the monthly support Personally I have entered and bought more Ethereum and have...
A little bit late to publish but entry was earlier this morning. lovely head and shoulders patter appeared at a great daily support level. Taking conservative targets at the next resistance level
Price has tested the lows on the GBPJPY. Its put in a double bottom at structure with the RSI oversold. It offers a reasonable risk to reward at 1-1.6 Stops are tucked just below the previous spike down looking left
I ENTERED A SHORT ON GBPUSD AS A DOUBLE TOP FORMED. PRICE HAS SINCE VIOLATED THAT BUT MY STOPS ARE ABOVE 1.4200 EVEN HANDLE NUMBER SO IT IS STILL IN PLAY IF YOU MISSED THAT A H&S PATTERN MAY BE FORMING ON THE 60, WE WOULD NEED A BREAK OF THE NECKLINE TO CONFIRM BUT THIS WOULD BE A SOLID REVERSAL PATTERN IF YOU MISSED THE DT
Waiting to see if an entry signal appears around 1.1100. Would look to take 2 positions
Just waiting on the close of the current candle and if it meets my rules will be looking to short the EURUSD My target lines up perfectly with the entry of a BAT pattern off the 4 hour chart so will not only look at my target but will buy the market up at this point if we reach it Great RR of 1:6, HAPPY TO BE TAKING TRADES LIKE THIS ALL DAY LONG
Double top on the 60 minute chart Looking to take 2 positions
BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL REASONS FOR ENTRY - 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL) - COMPLETION OF AB=CD MOVE - FIBONACCI 161.8% EXTENSION COMPLETION - MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE -...
This is an investment for me but i still like to look at the charts and hence why im looking at the weekly Price looks like it is coiling up and has retraced approximately 50% from the highs. I think there is a high probability we we will see the all time highs broken this year with 8-8.5p being reached as a minimum Good news flow due on there current assets and...
Finally had the break above 1.1500. Will price continue upwards? If price pushes lower ill be using an aggressive pattern entry through the bat with targets at the newly formed high Ive also marked quite a large resistance zone, previous support. if price shows me a good reversal signal here i will also look for targets at the new high
I've been watching bitcoin for a some time and have been patiently waiting to start building a position. My reasons for starting to acquire have nothing to do with trading this but for a long term play 10-20 years However i want a clear reversal on the higher time frames before investing any money. $3000 support zone has been an area i have been waiting to see...
UOG looks like a little gem. Fundamentals are very good. Excellent management and lots of exciting prospects including the BIG BOY in JAMAICA! 3d should be out soon. Im invested here but below is a trading idea As far as technical s we've had a nice double bottom, RSi div with a break and close above. Pull back into a 61.8 % retracement and a new higher high,...
BITCOIN IS OVERALL IS BULLISH BUT IF THERE IS A RETRACEMENT I WOULD BE LOOKING AT 2 ENTRY POINTS TO GET LONG. IT HAS JUST COMPLETED AN AB=CD PATTERN, RSI WENT OVER SOLD AND THERE IS RSI DIVERGENCE SO WE MAY SEE SOME SORT OF RETERACEMENT FROM THESE NEW HIGHS MY FIRST POSSIBILITY WOULD BE AT 5000, WHICH IS A FIB 38.2 RETRACEMENT OF THE LAST MAJOR MOVE AND INTO A...