explaination in the chart. thanks @pablo82
CABLE GBPUSD at the 0.618 look for long the rest of 3rd wave
Only a view people cme across the information that it is very possible to trade CCI trend line breakouts like price trend line breakouts. Aligning the trendlines and looking for double breakouts is a good idea. CCI(27) on 4H Chart works good after you ve learned how to apply the trend lines correctly.
Description in the chart. Leave a comment if you like of if you disagree. Peace!
Let this be a corrective move and find price action around the 1.618 extention. good confirmation gives the cci indicator when it crosses back below the 100. draw trendlines in price chart and in cci chart additionally. good luck and dont risk more than 1% of your account on a reasonable stopploss!
CCI(27) broke trendline and Price broke trendline, too! Buy now or after a pullback to 0.618 somewhere. (no quarantees!)
Big upside potential. Thanks go out to @anilmangal for helping a lot on this.
See Chart for info in that Idea. Please ask questions in the comment section. Leave a like if you like it.
After divergence in Price/CCI I look for sell opportunities. The CCI(27) Trend line broke at same time as price trend line. This alone is an indication for trending down now. Selling the retracement of CCI or /and price could be a good idea or even better idea, too. (copy at own risk)
Buying (with SL below the low) in the boxed area seems to be a good idea. It's the 0.618 retracement of the upmove and the 1.272 extention of the recent first corrective downmove. This is not a tarde call, better trade wisely. your risk!
There are 2 sells I am looking forward to. My time projection suggests the moves to happen around the orange dotted vertical lines but thats not a must. First trade is selling the 0.618 retracement. Second trade is waiting for more confirmation (break of trendline, then flag, then break of flag > sell) Reward to risk in both cases it 1:1 the way I plotted it...
After the last noticeable impulse (boxed) there is some advanced correction going on. This correction looks like it will proberbly end in bigger downward move soon. There seem to be four 3-wave-patterns completed now. CCI breaks it's trendline and at the same time price is going to break. That is a good Sell signal. Stopploss aboe the high. (This is not a...
CCI(27) broke itÄs trendline Same time Price broke the alligned trendline. Buy as plotted in chart. Not a too good trade since risk to reward is only apprx. 1:1 (This is not a trade call and you are responsible for any action you take! seriously! haha)
Start of the Month. Good day for a confirmed trend change (short term / medium term) ?
CCI Trend + Price Trend both broke at same time. Good idea to buy now that the retracement is in the making. Buy now or wait for price action to the upside. This is not a trade call, you are responsible!
The aligned CCI(27) trendline broke to the downside but the price did not break it's corresponding trendline. for me this means there is a good chance for one more up making higher highs or double top or maybe only going to the 0.618 retracement of the recent move down. the last scenario may provide a good sell setup for you guys?
Please take infor from the chart and contact me if tehre are questions left in the comment section.
it is a possibility to sell bitcoins now after that drop and a retracement. best look at price action to confirm a sell. open 3 trades not only 1. take profit of 1/3 around the low of the drop and move stops of the rest 2/3 to breakeven. take profit of another 1/3 around the red price trendline. let the last 1/3 run. if this is a start of a downtrend (yeah, i...