BCHUSD 2H chart has price just above the 50sma with the 100 sma above it. Sideways indecision in that zone (50-100sma) Price breaks above 100 sma for long and breaks below 50sma for short.
BTCUSDT 1H needs price to center itself back to the 50sma/100sma. It is in a range box and price is falling to the bottom of the box. Bullish breakout of range box failed.
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Break Hook Go is a candle pattern of several candles not just one candle. Here is what it looks like on this EURUSD trade. The bearish breakout did not complete the break-hook-go (B-H-G) and failed. The bullish breakout did have a B-H-G. There was a green breakout candle on the 15m chart. The second green candle had a bearish wick for the Hook (pullback) then it...
Enter on the 15m with a break-hook-go candle pattern.
Find your Entry from 15m Pull Back Zone
Pair has been in a range for awhile. Breakouts should have momentum behind them If market is not moving with intention I may close early. Long Trade Buy Stop @ 132.75 TP @ 133.40 Short Trade Sell Stop @ 131.95 TP 131.53
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Market has a double top on Day chart, divergence on a 4H and lower highs on a 1H. Will it reverse or is a bear trap snapping it's jaws shut. DEFINITION of 'Bear Trap' A false signal indicating that a upward trend in a market has reversed and is heading downwards when, in fact, the security will continue to incline. BREAKING DOWN 'Bear Trap' A bear trap often...
This cryptocurrency Trading Strategy is found in our Trading Strategy Library at our website. Check it out. How do you trade breakouts. Leave a comment below.
This 4H chart has a range box for this pair. There is a prior resistance level that may make a bullish breakout fail. If it does and re-enters the range box then my TP is the 50 sma. Tell us what strategy works best for you when you trade the EURUSD in the comments below.
Divergence in the 1H and 4H. What is your strategy for divergence. Share What's the PLAN! in the comments.
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Today at 2 pm EST there will be in the US News the FOMC meeting minutes. Let's see if it effects these crypto pairs.
Price knows where these 3 ma indicators are. Once you see the trend pattern, don't let your emotions determine your trading, be wise. Wait for the pull back and continue with the trend. Leave a comment below how you determine the trend and how you trade it.
These are the Big 3 rules. Long trade example Short trade example This is one of many trading strategies taken from our Trading Strategies Library For more information on this strategy or one you are interested in learning about, leave a comment below or visit our website
Price dropped to 50% fib retracement then reversed long. First Entry would have been after 1 candle pullback @ 8010.00. Original buy stop was 8110.00. First take profit would be swing high. Price hit swing high and broke above it. Nice to watch and learn how this pair reacts to fast drops in price.