3h
BTC/USDT 3h - Levels & FractalsHere are a few key levels and trend lines for BTC. If we fall below our current support, you can expect a bounce at those levels. I've also included fractals (the dotted lines) to help identify levels gained and lost. You can also see where I've went long/short on past trades. Good Luck, and don't forget to set that Stop Loss!
AUDCAD : BUYOANDA:AUDCAD
TRADE PARAMETERS
Pick Date : 04/19/18
Entry : 0.9749
Stop : 0.9734
Target : 0.9949
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9749 is a fresh 3H demand zone DbR created on the last move up. Speculating an intermediate trend change going long. Will be doing a set and forget limit order. One can enter in the zone at 0.9756 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
0.9734 is 15 PIPs right outside of the low for some protection.
TARGET
0.9949 is 200+ PIPs up in a fresh daily supply flip zone. Then looking to short right back down to continue down trend.
AUDCAD : BUYOANDA:AUDCAD
TRADE PARAMETERS
Pick Date : 04/03/18
Entry : 0.9800
Stop : 0.9780
Target : 0.9949
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9800 is a fresh 3H demand zone DbR counter-trend though. Will be doing a set and forget limit order. One can enter in the zone at 0.9805 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
0.9780 is 20 PIPs right outside of the low for some protection.
TARGET
0.9949 is 150+ PIPs up in a fresh daily supply flip zone. Then looking to short right back down to continue down trend.
USDCHF channel breakout [Long]KS on the 1h is bullish which could confirm the breakout but the indicator I like to pair with the cloud is on the cusp of turning bearish
I use 1h charts to trade forex but the 3h made me put a hold on my long position because it's just not quite convincing enough yet
If we see the KS and TS continue the crossover and the 0.236 line I will reopen and hopefully see the 0.382 or higher as a viable target. If not it's a good entry point back into the channel and continue shorting it as it corrects back to the KS.
I am a relatively new forex trader full disclosure having traded stocks in the past but have been practicing and felt like this is the first post I can put out feeling confident in my knowledge. Hope it helps and remember to trade on what YOU think will happen