#AUDUSD - Update - #BullishBat #RIsingwedgemy initial idea was of ascending triangle but we didn't had good enough follow-through
now giving it another thought I see this more as a wedge instead of Triangle also we might be forming a Bullish BAT, look how good 0.5 FIb level lines up with the trendline support
i will risk a Buy or long at 0.5 with higher target as per the chart, this wedge is a rising wedge so we should breakdown that will complete our Bullish Bat idea
Bullish Bat
#BTC/USD 85D EMA STRATEGYHello guys, I'll keep it very short.
85D EMA is a very good Indicator which helps in getting into longs and shorts for BTC.
You can see in the chart BTC is being supported at 85D EMA multiple times. It can help you to get into longs for the best possible price.
It also happens to be the liquidation points for high leveraged traders.
So if we break below EMA 85+ hoRIZONTAL SUPPORT LINE. I'll open short with a target of $7200.
My long bids are also placed there. IMO that the best Long Entry we can get.
Hope it helps.
Please hit that like button.
#PEACE
LTCM20 LONG Setup Perfect Entry: FOR 1:6 RRHello everyone welcome to this update.
I'll keep it short.
LTC Just broke out of the falling wedge channel which is bullish in nature We are witnessing a perfect retracement on the resistance turned Support trendline.
We can take a safe trade here.
#LONG ENTRY:
0.005905 TO 0.005915
TARGET:
1. 0.006054
2. 0.006120
3. 0.006206
4. 0.006285
STOP LOSS: 0.005840
Risk: Reward ==> 1:6 (Highly profitable)
Period of trade: 2 to 7 days
Portfolio Allocation: 2 to 5%
A perfect trade IMO.
Please hit that like button if you agree with this setup.
All the best.
#Peace
#BTC/USD 1 HOUR Scalp Opportunity
#BTC Update: BTC has been acting strange since the last one month. This is a scalp opportunity though. In the mid term BTC looks bullish so far. What’s really important is to keep in mind You never know what BTC is up to and whoever pretends to be always right is a scammer IMO. We can only speculate and initiate trades with maximum probability of winning trades.
Currently I expect BTC to hit the $7200+ Resistance soon.
We’ve got the 200D MA as a support in this chart. This is an hourly chart so you can’t project long term price movements in a micro TF chart.
But keeping in mind 7200 being a strong Resistance, If broken we might see a strong rally towards $7400, $7600 and even $8300(CME Gap) .
I am taking this trade with a SL below $6966. And Target 7200.
Any other positions? No I am not trading much just observing the market so far.
I’ll keep you updated.
#Peace
Trade Ideas Educator: USDCAD BatThere're a couple of trade-ideas within this chart.
1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade.
2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup.
3. A trading opportunity can also develop within the consolidation area as a bat pattern setup.
Personally I prefer setup(1) and (3) let see what does the market give us.
USDJPY-Weekly Market Analysis-Apr20,Wk4A ranging market on USDJPY, there is 3 level of support or should I say a buying opportunity.
The first one would be 106.99 as an immediate support level, breaking off that and closing below the support line I will be looking for a buying opportunity on ABCD pattern completion or even a bullish bat pattern if the candle break and close below the support level of 106.99.
#ETH/USD Held the support What's next?First of all I need you to know that trading right now could be very tricky so use SL while trading.
Coming back to the chart, ETH held the support and going to the upside it might happen to be retest before making further lows just keep in mind, ANY CANDLE CLOSES BELOW THE 85D EMA would be the SL that we can go lower. Right now it seems it can touch the resistance line of the current expanding channel.
Support remains the $156, $!49, $126, $110 and $103.
Resistance: %165, $176 and $186.5 and $203.
Trade accordingly.
#Peace
EURUSD-Weekly Market Analysis-Apr20,Wk3The 1-hourly chart has shown a bullish trend, we had our trade advanced and ahead of this move. Traders who like to get involved in the trade can wait for the magic candle to rest nicely on the profit trendline(Blue) with a confirmation before engaging the trade.
If the candle breaks and close below the profit trendline, as long as it didn't break and closes out of the buy zone, it is fine to engage for a buying opportunity.
Trade Ideas Positions: USDCAD TriangleA sideways consolidation on the 4-hourly chart has revealed a breakout that is imminent. A prefer movement will be an indecision candle touching the upper trendline(blue) that gives a shorting opportunity.
Right after that, I will be waiting for a buying opportunity on the bullish bat level.