TradingFellow

TradingFellow

We're currently in a short term downtrend in the triangle which could end once the bottom has been hit. These two major trendlines could give the Bitcoin support so pay close attention to the price action when the price comes close. Both trendlines started in the end of 2017 and gave the Bitcoin support for at least two times ever since. Once the Bitcoin found...

TradingFellow

This idea looks a lot like one of our recent posts we did about the USDCAD pair. The difference about this idea though is that we have an ABCD pattern that falls nicely into the bottom line of the descending wedge. To be more specific about this ABCD pattern: if you look closely to the 'C to D' part of the pattern, you'll see that point D is located at the 1.272...

TradingFellow

The graph shows us a recently formed bullish flag pattern. It seems like the market could find support at the rising trend line and support zone as shown in the chart. The support zone at the 85.50 price level has been tested several times and the rising trend line has held up twice already. These factors combined gives us the expectation of a price increase...

TradingFellow

The bottom line of the channel and the 1.272 Fibonacci extension level form a nice technical confluence and could give us support. There's upside potential for this pair. It seems like the channel will be invalidated or the price of the USDCAD will rise.

TradingFellow

The 0.7635ish area we're focusing on looks probably messy, but that's for the sake of education. Having drawn those Fibonacci lines could give you an idea on how confluences work without the need of many tools, but just a line here or there. Drawn from the long-term low in 2016 (zoom out!) to the recent high, we get the yellow 0.382 line. On a smaller swing, we...

TradingFellow

The price of XRP BITSTAMP:XRPUSD has likely fallen substantially in the past three days due to the major correction the cryptocurrency market has experienced throughout this week. The correction was caused by the rapid growth rate of the cryptocurrency market and leading cryptocurrencies such as Bitcoin, Ethereum and Ripple, that have demonstrated a substantial...

TradingFellow

After hitting the 0.618 Fibonacci retracement perfectly, the Bitcoin COINBASE:BTCUSD made an extension right into the 1.272 Fibonacci extension level. And that without hesitation. Now, having some trouble passing that level, it almost seems to be a perfect short setup. However an AB=CD pattern emerges a bit above, and a trend line is passing by. Price can...

TradingFellow

This pair is testing it's previous structure at the round number @0.7800. The level has proved to act like support. We expect to see a continuation of the downtrend. Exciting things coming soon, happy trading guys!

TradingFellow Updated 

The USDCAD pair has been in an uptrend in the medium-term direction. Recently this pair has been retracing since the 6th of October. This retracement falls right into the round 1.2500 level, together with a 61.8% retracement off the impulsleg and a forming AB=CD pattern this creates a solid buy setup. Targets will be taken @1.2586 Stoploss beneath the entry...

TradingFellow Updated 

This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!

TradingFellow Updated 

Having multiple retests in the 1.2900 zone, we expect to see a drop in the short/medium-term direction. We've set the sell stop order at the low of the latest candlestick retest. Our first target will be near 1.2840 to adjust our stop loss to break-even. The second target will be near the long-term ascending trend line. And least but not least the stop has been...

TradingFellow Updated 

A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!

TradingFellow Updated 

On the AUDUSD 1HR chart we have a short opportunity with the completion of this bearish bat pattern. Potential targets for the pattern will be at the 0.382 (@0.7195) and the 0.618 (@0.7183) retracement of the C to D leg. The stop loss is placed above point X. GOOD LUCK!

TradingFellow Updated 

Just placed my orders for this bearish bat pattern in the EURGBP with 1st target @0.8470 and 2nd target @0.8426. GOOD LUCK!

TradingFellow

In the left screen you see a Cypher pattern in the USDCHF (4H) is valid for some time now but I just entered it. I want to share this opportunity for those that've missed this one. The pattern is still valid but has a lot of momentum in the bullish direction making it riskier to enter right now. In the right screen you see a triangle pattern (1D) that shows a...

TradingFellow Updated 

Just placed my orders for this bullish bat in the GBPNZD.

TradingFellow Updated 

Nice pattern will complete @1.1268, i'll be looking for shorts at this level with targets @1.1237 and @1.1218! The pair has been in a short term uptrend but it's likely it will find resistance at our entry level. Orders have been placed! Good luck everyone!

TradingFellow

Just placed my orders for this bull gartley in the USDCHF. Time has been rough lately so let's have a nice winning trade with this one! The key is to stay consistent at all times, as long as you follow your plan nothing can go wrong in my opinion. I'll talk to you soon.