Enter on a 15m break-hook-go of the Triangle Trendline. Take Profit Long -27.2% @ 46.25 Take Profit Short 100% @ 31.04
BCHUSD 4H FALLING Price is falling back to the home base by the ma's because... Price was stretched far away from ma's. MACD was stretched far away from 0 level line. MACD has crossed below Red signal line indicating possible new direction. Close trade if MACD crosses above Red signal line. Let us know what your ideas are on this pair in the comments.
You see here on the 4H the EURJPY is consolidating sideways. The buyers and sellers are indecisive but I think the sellers will have Sushi Dinner because... Price is stretched far away from ma's. MACD is stretched far away from 0 level line. MACD has crossed below Red signal line indicating possible new direction. Close trade if MACD crosses above Red signal...
Did Christmas come early for BTC Traders? You see here on the H4 chart that BTCUSD is still in a pullback. But...It's stalled at the 50% Fibo extension. The buyers and sellers are in a tug of war but I think the buyers will come out victorious. Once i see a nice break above the 50% fibo line It may be time to go long. Let me know what you think! P.S....
Confluence occurs when several technical indicators give the same trade signal. Price is at 50 sma and in between a black 38.3% to 61.8% fib. Long take profit range in between 2 fibs at -27.2% Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
EURUSD 1H Triangle Breakout Long. Buy Stop @ 1.1831 Take Profit @ 1.1861 Stop Loss @ 1.1805 Watch that Macd Blue line stays above the 0 level line.
GBPUSD 4H Descending Trendline Breakout Take Profit at Monthly Pivot Watch Macd Blue line cross over and stay above 0 level line
IF THIS HAPPENS - THEN WHAT? This is a bullish chart pattern but price could have a bearish breakout. Entry on 15m charts with break-hook-go Bullish breakout- buy stop and TP as shown Bearish breakout of lower trendline TP ! and TP 2 as shown
Where is "NO MAN'S LAND". In between the 50 sma and 100 sma. When price is in between these two SMA's it is usually consolidating, moving sideways without much momentum. Wait until price breaks out of one of these sma's. Price will then have better momentum behind it. Watch Macd for direction. When Blue line crosses over the 0 level line or the Red line it helps...
BCHUSD - Triangle breakouts usually will happen after price has gone at least half way across the traiangle. This pair has gone all the way to the end of the triangle so there is pressure built up in the market and price is going to move with momentum what ever direction it picks. My bias is short because of the macd. Use your 15m chart for entry with break-hook-go.
What do you see this pair doing. Bullish breakout - tell us why in comments! Bearish channel trade short - tell us why in comments!
Price broke 1H 50sma short. Break-Hook-Go entry on 15m chart
1 - Pair may retest double top with possible bearish reversal bounce. 2 - Pair may fall from 50sma to 100 sma. ? - Pair may move sideways some more but will eventually do 1 or 2
If your bias is YES (bullish continuation trend) then watch where day candle closes. If closes red below BB dev. 1 band then price still bearish. Wait until price closes green above BB Dev. 1 band.
IF THIS HAPPENS - THEN WHAT? Watch if day candle closes below red below BB Dev. 1 band price still bearish Wait for Price to closes green above BB Dev. 1 band then buy Second bullish entry will be at resistance breakout (enter with 15m break-hook- go)
Shows strong dollar (sell stop) or weak dollar (buy stop) trades
Looks like there is a lot of movement for the JPY Bitcoin pair in the Asian Session
How has the BITCOIN/YEN pair done for you in the Asian session. Comment below if you trade any crypto currency during the Asian session. What works for you - share in the comment section below.