NEOBTC 1H CHART NEO ENTRY SIGNALAfter several days from this NEOBTC rally, there seems to be still opportunities to go long.
A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level.
Uptrend continuation seems to be confirmed with RSI and MACD (not shown).
Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50.
Market is not so far from ATH, but this trade could lead to a 15% profit / 5.6% loss on a R/R of 2.73.
Entry levels are shown on the chart
WNZ
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1h
EUR/AUD 1H Chart: Rising WedgeEUR/AUD 1H Chart: Rising Wedge
The common European currency is trading against the Australian Dollar in a rising wedge formation.
The current pattern started to form right after the currency pair left an ascending triangle and unsuccessfully tried to build a short-term channel up along the 55-hour SMA.
Despite all attempts to break to the bottom, the 20-hour SMA did not let the pair to do that. As a result, it started to huddle to the upper edge and, thus, formed a rising wedge.
From technical perspective, by the second half of the day the pair is expected to leave the formation to the downside.
By the way, the front edge of the pattern coincides with the weekly R3 at 1.5001, which basically sets the upper limit for potential surge in the next two-three days.
INTC short position Strong Bearish Trend!!
1: Testing the 100 EMA resistence
2: Stoch overbought
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GBPUSD INTRADAY TRADE SETUPGBPUSD is within an important sell-zone (fibs) + long-term downtrend + MACD looking to make lower lows + near resistance.
TRIGGER: If the uptrend line breaks, go short targeting next support level.
Trade becomes invalid on break of resistance.
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ELEMONT FX
Experienced Proprietary Traders
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GBPUSD HARMONICS TRADE(LONG)From my harmonic pattern analysis, there is a possible projection for longing in the market. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk management, SL, TP. But if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of my ideas posted about trades have been 100% correct. I will post where you need to get in but you need to make the effort to see where you need to get out, SL, TP etc... timing for your trades is not my problem, just to let you know.
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