Dear Tradingview family,
Symbol: #LUNC_USDT
Strategy: #Harmonic_Chart_Patterns, #Butterfly_Pattern, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bullish_Divergence.
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action. #Chart_patterns, #Butterfly_Pattern, #Trendline #Support_Resistance #RSI_Bullish_Divergence. #RSI #RichTL
Entry: LONG when price breaks Previous Higher High .
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 0.00012336
Take Profit: 0.00012842
Stop Loss: 0.00011831
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Analysis:
The current price action on the #LUNC_USDT chart is showing a clear Breakout of #Butterfly_Pattern, on 4 & 1 hourly timeframes. Additionally, the Bullish RSI divergence on 1 Hour time frame add value to the strength of reversal pattern.
Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1.
My Buy Stop entry is planned to execute when price action breaks the previous Higher High.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Symbol: #LUNC_USDT
Strategy: #Harmonic_Chart_Patterns, #Butterfly_Pattern, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bullish_Divergence.
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action. #Chart_patterns, #Butterfly_Pattern, #Trendline #Support_Resistance #RSI_Bullish_Divergence. #RSI #RichTL
Entry: LONG when price breaks Previous Higher High .
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 0.00012336
Take Profit: 0.00012842
Stop Loss: 0.00011831
RRR- 1:1
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Analysis:
The current price action on the #LUNC_USDT chart is showing a clear Breakout of #Butterfly_Pattern, on 4 & 1 hourly timeframes. Additionally, the Bullish RSI divergence on 1 Hour time frame add value to the strength of reversal pattern.
Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1.
My Buy Stop entry is planned to execute when price action breaks the previous Higher High.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
"London-Based Trader | Certified Technical Analyst | Intraday & Scalping Specialist 📈📊 #Forex #Commodities #Indices #Crypto"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"London-Based Trader | Certified Technical Analyst | Intraday & Scalping Specialist 📈📊 #Forex #Commodities #Indices #Crypto"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.