This one could follow three drives pattern (see www.tradingview.com for nice explanations and real examples). Let's see if it will come down to green rectangle and set up a trade based on behaviour. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Things are looking brighter, let's go with the flow. This looks like beginning of three drives pattern. If it will be, here is the buy level with target at 1.272 Fib extension of first wave. Then we'll seek for next trade opportunities. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
This is my first forex chart, bear with me :) I'm just extending my playground from crypto and trying to learn more on these markets. I'm not educated trader or anything from financial world, just self learned. I've just opened demo account and will try to enrich that 10k :) Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
My demo account will probably expired by then, but let me chart this anyway. TRY is having a bad time. 6th day closed bellow 200 EMA on daily chart is not a good sign. I expect it to visit at least 1.618 Fib extension from ATH (that's where T1 is located), have some correction to upside, and continue towards 200 EMA on weekly chart (see image bellow). Next stop...
Let's see if this will play out well. Seems like double bottom, there is divergence on 4H chart. I'll try to catch it on pullback with stop loss bellow 6.0 and marked targets at Fib levels. If things will look OK, I'll leave some part for longer run. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Cypher completed, I made some loss, let's try to gain it back. Idea is to enter on pullback and aim for 0.382 and 0.618 Fib levels from C to D. Stop loss for now bellow X. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XLM could draw Cypher pattern. In this case I'll try to make some profit on the way down and later set up long trade (when (if) it will come to point D). Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I'll buy ZEC either on breakout or on pullback with marked stop losses and targets. Once the first entry will get filled, the other will be canceled. (I switched to Dark theme, since the Light one was burning my retinas ...). Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Maybe one kind of harmonic will pop up. Let's exploit it, if it will really happen. Micro entry at 0.786 pullback, Mini entry at 0.886 pullback, stop loss bellow previous lows, targets will be defined later, but rough areas are somehow defined (marked rectangles). If all will be good, part of the trade can be left for longer run, at leats until point...
Will XLM escape from paradise? Pattern on 4H timeframe will be confirmed at previous low, but I will risk some even now. When one of the entries will get filled in, the other order will be canceled and stop loss corrected. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I was watching STRAT for a long time (see linked idea). It should be ripe by now and ready for harvest. Idea is to enter at price, where Gartley would complete by the book. I might add some different entries, depending if it will pullback again and how low ... Stop loss is set bellow previous low and 0.886 level. Targets (also not 100% defined ATM) are at 0.382...
Well, it can become longer term, if orders will get filled and stop loss won't get triggered. Idea is to enter the trade in two levels - smaller one at 41k and a little larger at 40k1. Stop loss for both of them bellow previous lows, at 38k6, aiming for 78k8 with mid target at 55. If it will broke lower, 30k level can be expected. For sure I will trade some...
With possibility for XMR to stay in the channel and bullish divergence on 2H timeframe (see bellow), I'll risk 5% loss with this setup. Targets are temporary and can change a little bit, since Monero may not reach the current low level yet, but are good for start. Bigger picture: Bullish divergence on 2H: Disclaimer: this idea is solely for my own purposes,...
I will try to profit some by shorting XLM. Two scenarios are possible - breakdown from current level or entry on fakeout (if it will be successful). Once the first entry will get filled in, I will cancel the other one. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
We've already seen that DASH can ride butterflies (see linked idea). Here is a low risk chance for ABCD pattern. If DASH will drop bellow point C, pattern will be invalidated. Let's see if it will complete. T1 might be mid target for some part of trade. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I'm expecting Sia to come down to 0.618 Fib level and set up entry at intersection with Pitchfork level. I will add a little bit more at next Pitchfork level, which would correspond also with completion of Gartley (if it is to be formed completely). Stop loss bellow previous low. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will...
This could fall in 5 impulsive EW pattern: - wave 2 pulled back to 0.618 - 0.768 area of wave 1 - wave 3 reached just above 1.618 of wave 1 - wave 4 pulled back to just over 0.382 of wave 3 - we have RSI divergence between waves 3 and 5 Now correction should follow and then trend continuation. So trade idea is like: - entry around point 4 (most corrections are to...