Get started

Break

Busy week continues, Retest of Rising Wedge, Long AUDUSDHi guys, The busy week continues, I just put in a buy order on AUDUSD as shown on the chart. Price has broken out of a horizontal resistance/support zone aswell as a trendline which is part of a rising wedge, it has now rejected the top of the zone twice in the same day and decelerated. I don't like the 50 EMA being in the way and getting rejected. I am also not satisfied with the lack of a deeper pullback. Significant MACD Divergence would've been great also. However this trade still has 5 confluence factors. Because I know my strike rate on those setups I know that I posses an edge over a great amount of trades. That is why it's crucial that I trade my plan regardless how I'm feeling about the trade. Happy trading
Long
by Schlabberlatz
USDCHF Long, Break & Retest PatternHi guys, coming from a slow week last week we are now getting another setup. USDCHF is retesting the recent horizontal support zone with a lowtest, while also rejecting the major 0.5 Fibonacci retracement level. A 50 EMA retest would've been awesome, but this price action is enough for me to justify an entry. With 5 confluence factors this trade is a B in my category, and thus its fitting my trading plan. The stop will be set below recent price action, the target is set at the recent highs and the next horizontal resistance level. Happy trading
Long
by Schlabberlatz
ENJ pivot point; watching closely for directional trendI know I've got that chart tatted-up like an inmate, but these trend lines give us a good indication of what kind of support/resistance we're looking at moving forward. The mid-term support line I calculated seems to be holding up despite a good amount of sell pressure, and this incoming squeeze will test it further. With some momentum or a news catalyst I could really see this taking off any day now -- chart looks great from multiple frames.
Long
by Occamstock
A possible long opportunity on USD/JPY Hi guys, I want to share my vision of USDJPY. I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips. As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous resistance now support. The only thing that i don't like at all is the NFP result which was horrible for the USD, this can lead to invalidate our inverted shoulder head shoulder pattern and bring the price back to 105.000 levels Personally im going to wait for a candle pattern that gives me confirmation to enter. Trade Safe! Greetings, D. Sayan
Long
by AlphaVIP
Bitcoin: BTCUSD Bad Friday turns Good on break above 7316 Bitcoin Good Friday? Some spectacular price action overnight with a massive counter rally from lows at 6630. No obvious reason for this rally either. No imaginary Fibo, no trend-line, nothing. It looks untrustworthy and has rallied to the spot where it should stop and fall away again at 7316. If still short can stay that way with stops above 7316 for now. The only way this can flip back to positive from here is by breaking above 7316 and holding (if we see this happen later on at any point we have to flip back to long once 7551 is broken to upside using stops at least 50 points lower). Until that happens this is a counter-rally in the downtrend and we can stay short looking for 6000-5879 range on Coinbase feed. Lower stop on short to 7110 to trap in profit now. Be ready on upside in case a FUD free weekend starts a bigger rally from 7316.
COINBASE:BTCUSDShort
by sumastardon
11