Breakdown or weakness on retest of a clean break of Daily/H1 Demand, a very good short. Price should at that point not return back above
level of Daily Demand.
Good Luck from The TRADRZ Team.
Original idea by Ribz
We're inside a 4H breaker currently, retesting it as support again, and also a nice fib retracement zone.
If we bounce from here that would also be a higher low and a good bullish sign for further expansion upwards.
If you look below you can see that we bounced from an important daily pivot level too.
Colors I use for a more organized chart:...
I see that SFP down there (white line), which suggests that stops were taken.
We're now pushing into this bearish orderblock and since we're consolidating inside of it, there's a chance to break it and go for the highs.
The strategy is to enter on the retest of the block only IF it breaks first.
Colors I use for a more organized chart:
15 min -...
-We have bounced on a major weekly support, and have made some higher lows on the daily.
-We broke the previous high on the 4H and started retracing.
-Should see the .705 retrace to that 4H breaker and attempt to break the next resistance.
-Bullish breaker - an orderblock (a green or red candle,...
XRP has shown its hand and it wants to be bullish, it hit a key swing high level and is looking to retrace. I would be interested in buying the retrace down to .618 fib and target the red level marked which is a key daily level.
Original idea by Pheneck
Monday pre-market breakdown leaving a clear level of resistance to mark.
204.28 - 204.05
Monday's high is noted
Tuesday pre-market breaks above Mondays high and the market opens with strength. Price then retraces into Mondays high and consolidates unable to close below the 201.89 level. Tuesday after market action breaks above the Monday...
On the release of their recent announcement, AMD decided to make a move up. In the near term it should do a gap fill. My personal entry has been marked in red at .618 fib and the targets are the blue levels.
Original idea by Pheneck
Key level to watch; the move that initiated a stop run of clean highs that has since shown itself to hold price.
Clearing this level paves the way for further upside expansion. However, there is a high probability aggressive long entry at Mondays high if shown to provide support first.
Good Luck from The TRADRZ Team
Original idea by Ribz...
We got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:...
- Break in market structure
- .705 retracement
- Pivot level retest
3 factors for a nice 3.5 R/R setup right here, with a stop below previous low, worth playing with decent risk management.
Original idea by Svarog
If this is it for this local move up, we should be getting the retracement to the red pivot line which should now be a support, which falls right onto the .705 retracement for additional confluence.
If we bounce from there TRX should be targeting at least the 390 level previous high and try to break it, in which case the next target would be 429, but if not, it...