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Buy-sell-signal

EUR/USD - INTRADAY - STAY TUNED FOR THE ENTRY, STOP LOSS, TARGETPay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
by Aqua_Trader
2
Btc price just dipped below the buy sell signal :(Normally you want to look for at least 3 closes below the buy sell signal (50MA in orange) before you consider it to be a sell signal but we have currently just dipped below the 50MA we hav en't closed below it yet but it started when we reached overbought conditions again on the RSI then macd gave it's sell signal then we went under the t line also a sell signal and finally we are just now under the 50 MA. I still have great hope in this head and shoulder pattern but have pulled my position until I see a turn around. I plan on jumping right back in when I see he moment shift back to bullish unless I see more than 3 closes on the 4 hour chart below the 50 MA...at 10800 we have a solid buy wall that should allow us to rebound back up significant if the pruice action can reach that low before turning around. If it looks like the rebound is about to happen then now is a great time to buy the dip on that.If it looks like it's going to break under the 10800 mark that's your sign that we're probably gonna be getting a few closes under the buy sell signal which is a clear sign to go short...However I feel this is just the price getting a chanc e to reset from its oversold 4hr chart conditions and that once it does we will then see a rebound that will finally takre us up out of the inverted head and shoulders...Be very careful here in the next day or 3 we should know whether its best to go short for long term...or if we only need to go short until this rebound.
BITFINEX:BTCUSDShort
by DrDovetail
1