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EUR/USD Idea on the daily/weeklyAbove we can see the daily chart of the eur/usd currency pair. Stoploss (SL) and target prices (TP's) are on the chart. I predict we will swing towards the top of the channel that formed on the daily/weekly. We see upwards movement on the diagonal support line and also rsi-divergence on the daily which indicates a turn of direction. We will face some resistances at given target prices where i will look to close some of my position. I am new to the forex market, so like if you enjoy and please comment your ideas below! ! This is not financial advise and for entertainment purposes only. !
Long
by Mikkel99
BTC/USDThe pattern as been extraditing and so far we can consider and entry base on the previous correction.. we shall be expecting another retest between 50k resistance. 📌Next Move ? –Bullish scenario : need 3 daily candles to close above current resistance to push price toward next resistances around 48k and 50k 📌What can we do now ? We are currently in huge profits ,we successed to hunt alot of alts during this upside breakout during july and early August Now Time to fix some profits partially and decrease fomo until see how price will react here Best of luck
BINANCE:BTCUSD
by DeclanBrock
3
DOGEUSDTSo DOGE has been following Bitcoin recently, I think it's joining the main crypto pattern like LTC and ETH. Use this as your trade setup, The supplier areas can hold the price up and the resistance is not hodling for long and we're gonna have to retest it soon, so I guess it's a good time for high trade with stop lost. I'll keep this chart updated. -Use risk management and be ready for all scenarios -Don't forget likes and follow for more ideas and signals -Best of wishes ✔🙏
by DeclanBrock
10
POSSIBLE BEARISH SETUP BEGINNER 1st PUBLISH - Ideas/Opinions Welcome. - On the DAILY time-frame seeing a breakout of a JAN-JULY uptrend @ level 110.000 Bearish push DOWN the 200 MA. - 1 HR time-frame shows a rejection to the downside continuing bearish towards 110 levels. -Being patient here and waiting for a clear bearish push past this key level for a better setup. - Any opinions, ideas and tips are very much indeed welcome. First time publishing my analysis so go easy! :) OANDA:USDJPY
by REDBULLFrx
Aroon From ScratchHi traders! Today we gonna tell you about one of the most interesting indicators. As you know, trend is based on price action. Everything on the market based on price action, LMAO. Thus, it’s considerably important to define and extract some hidden states, that can play a huge role in trend predicting. Aroon is one of this hidden-state finders. The Aroon indicator is a technical indicator that is used to identify trend changes in the pric, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend. Formulas for the Aroon Indicator Aroon Up(orange)= (x-periods since last high in x period) /x*100 where x – number of periods. Aroon Down(blue)= (x-periods since last low in x period)/x*100 where x – number of periods. How to use it? We use it in two ways: crossovers and parallel state. When Aroon Up and Aroon Down draw a parallel channel, we can make a conclusion that market is choppy and it would be better to avoid entering. Crossovers can signal entry or exit points. Up crossing above Down can be a signal to buy. Down crossing below Up may be a signal to sell. When both indicators are below 50 it can signal that the price is consolidating. New highs or lows are not being created. Traders can watch for breakouts as well as the next Aroon crossover to signal which direction price is going. As for the parameters, we use on 15M timeframe Aroon with the length 10 on 4H. It gives us less signals, but they are very strong. You can tune it in depending on your purposes and goals of strategy.
Education
by Skyrexio