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GBP/JPY time to go long When I trade I tend to use the higher time frames as I believe they are more accurate. The time frame I will be using in this trade is the 4 HR and the daily. As you can see it is above the ichimoku cloud which is showing bullish on the daily time frame and it has also crossed the monthly resistance level and is signalling an uptrend , and has formed a flag pattern on the 4 hourly after the third touch I will be looking to go in for a buy trade. Please feel free to like comment and follow will be much appreciated. Thanks :D R/R:3:1 SL:139.385 TP:141.065
Long
by ab21
BTCUSD May See A Slow Down Based On Bitcoin Volatility IndexHello traders! Today we will talk about Bitcoin Volatility Index and we will show you how to understand and read it compared to the BTCUSD chart using Elliott Wave theory. Well, BTCUSD is in an impulsive rise from March lows and currently we are observing the final wave 5, mainly because of a rise out of wave 4 triangle, which in EW theory suggests the final move before we may see a deeper A-B-C corrective decline. If we take a look at the BTC Volatility Index chart, we can see it approaching the lows again. And always, when BTC Volatility comes to the lows, we can expect some big action and huge volatility, especially if this is a wave 5 of a bigger ending diagonal. So, considering that BTCUSD can be finishing wave 5 and BTC Volatility Index coming to the lows, we should be aware of a bigger corrective decline soon, ideally somewhere here at the end of August and beginning of September. If you like what we do, then please like and share our idea. Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITMEX:BVOL24HEducation
by ew-forecast
1
DXY - Bullish Engulfing Candle On Daily ChartHey Guys! I hope you all are doing great and having fun with trading. I have a very nice setup on DXY daily chart to share here. As we can see on chart a very strong Bullish Engulfing candle which is an early indication of trend reversal. We are expecting an up move which could happen in possible two setups which i have shared on chart. Note: Always trade USD pairs according to DXY price action it will help you to identify the high probability trades.
TVC:DXY
by Hussam-Qazi
USDJPY Pure Price ActionJust a quick mark-up on USDJPY's price action. The mark up allowed me to realize there's a key mid-level that prices tend to consolidate. Also, there's an ascending and descending support/resistance where prices shows evidence of respect. I feel like there will be some big move in the near future when prices break out of this wedge type of pattern. I am still practicing marking up as precise as I can. Please feel free to add anything I may have overlook.
by retirewithmarcus
GBP/CAD is going long Took this trade earlier at the break of the trend line when price was at 1.73633 and closed this trade at 1.74440 and closed out with £92.52 profit. As you can see there was a flag pattern forming on the 4 hour chart I waited until after the 3rd touch of the resistance line to go in and trade and it broke out on the 4th time closed early but happy with my profits in total I caught 807 pips in one day so this was a very good trade. Stop loss:1.73118 Take profit:1.74944 Risk/Reward:3/1 The ichimoku is used to help confirm the direction of the trend as I mainly just use price action for my main analysis. Please feel free to like and follow and share my ideas with a friend😊
Long
by ab21