1. Break of trendline signals a sell 2. Third attempt to break support and resistance can also be taken as a retestof the trendline. 3. This is a short-term low risk trade. If we do not earn from this trade we will at least learn something. Use own discretion when taking this trade
1. Seeing an inverse head and shoulders here but anything can happen. Let's wait for break of neckline/support and resistance before pulling the trigger.
1. EURUSD looking to breakout out of this rising channel 2. If price breaks below current support and resistance we sell 3. This is also a short term low risk trade. Use own discretion when taking the trade.
1. Falling Channel signals a bullish momentum 2. Only buy when prices breaks current trendline 3. For a less riskier trade wait for price to retest the current trendline and then buy
Just a short term trade idea. Let's see if we can learn something from the markets today.
1. Price has broken trendline and made what seems like a retest of previous support and resistance 2. For risk management purposes wait for price to break or close below previous low. 3. This is a short term trade. Use own discretion when taking this trade, this is just my idea of what might happen.
1. USDCAD broke previous support which has not turned into resistance. 2. Wait for retest of resistance/zone before entering a sell. Use own discretion when taking this trade. If we take a loss we take it as paying for a lesson.
This is a short term trade. Let's wait for the break of the trendline.
1. Double bottom 2. Inverse head and shoulders 3. Wait for confirmation which is the break of previous minor high and maybe a retest before taking the trade.
1. We can see an inverse head and shoulders on the 1HR timeframe 2. Would be ideal to wait for confirmation which would be break and retest of the neckline
1. Seeing a inverse head and shoulder pattern on 30min tf. 2. Trendline has already been broken and retest seems to be taking place. 3. Wait for confirmation before entering. Use own discretion. This is just speculating.
1. Consiering those two spikes as a double top, as it also shows signs of sellers having power in this area as it keeps failing to break this resistance 2.Price is stuck in an ascending triangle/wedge and we know this to be a bearish chart pattern. 3. Lastly, we have to be patient and wait for confirmation of this trade idea, which will be a break of the...
I am hoping to buy this pair after the retest of the support. We can also see that there is a double bottom which is a reversal pattern.
Buying bitcoin, actually trying this out. What are your thoughts on this?