Buy-signal
Counting Sideways Cycles On Dollar / YenHello Traders
Its that time of the week again.
With another purely technical based setup on USD/JPY
My approach is a trend following one.
Here going with the direction of the initial impulse
and looking to position long in the upcoming days.
Please note that any deviation from this setup will result in the trade being cancelled/invalidated.
Trade safe, Trade well
LTCUSD Technical Analysis 4 hour - Buy opportunity approachingHi there.
Current state:
Out. Waiting to get in. Price action has been mostly lateral, although there are some signs the price may be moving up.
Indicators/Charts analysis:
RSI is in the oversold area still. This means there is room to go up.
Stock RSI approaching overbought area. Watch out for this one since it is not confirming what the RSI is telling us so it could mean a break out, possibly in the down direction.
Renko (0.74 brick) main trend is still down. Although like I said, price action has been lateral so no new red bricks have been forming.
EMA 12, 26, 50 beginning to turn horizontal.
Candle sticks are moving sideways.
Awesome indicator shows bulls have more power than the bears at the moment and it is slowly moving towards 0.
Price is moving below BB media. This suggests there is room to go up.
RSI and Stoch RSI in renko are in the oversold area. This also suggests the possibility of a trend change. They have been there for several periods, so we have to watch out for an up move.
Stop Loss:
$43.78 - This is our possible entry point to the trade. I usually set it slightly above 2 renko bricks from the last red brick.
Target:
$46.49 (+6.1%) - Target was selected based on current volume profiles and Fib retractments (black ribbon in golden river - bottom right chart). We may adjust once we enter the trade and have a better feel for what the market behavior is. Remember we have to be extra patient with our wining trades.
Alarms:
Price crossing up $42.87. This is an early warning that we may be approaching our entry point for our trade.
Conclusion:
Hold. Keep an eye on the market as we may be entering the trade soon.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
NZDCAD buy idea. Am I the only 1 looking at head and shoulders??Well i guess this is clearly a HEAD and SHOULDERS PATTERN for thouse who dont know about it head and shoulers is a pattern that can show us
that the price will probably go on back to the way it came and the way the last shoulder goes on. so in our case it looks like a BUY to me but always keep in mind the supports and be ready all the time :)
GBPUSD bullish until end of 2018, Gann and GartleyA lot of criteria is met for a 90-day reversal that will last until the end of 2018. Extremely bullish.
Zones of note:
1. Bullish Gartley complete.
2. Price support around the 315-degree Square of 9 level.
3. 61.8% Gann arc.
4. Rising volume into the bottom of the swing lows.
5. Bullish Pivot between he last 3 daily candlesticks (middle bullish hammer has a lower low and lower high than the two outside candlesticks).
6. Very close to November 9th, which is the 50% level in time in the Law of Vibration time cycle.
7. The 180-day cycle (Gann wrote that these can be extended +9 days per every 90-day cycle, so the 180-day cycle and go from 180 days to 198 day). From the 2018 high on April 17th.
Metaverse (ETP) x20 Growth PotentialDuring the past month, Metaverse has been one of the best performers against the USD as well as BTC. Throughout entire month of July price was rising consistently and from $0.46 low it has already reached $2.24 high, resulting in almost 400% gain against the USD.
ETP currently looks even stronger, after it broke the 23.6% Fibs resistance at $1.82. After the breakout price corrected down and found the support at the previous Fib resistance level, after which produced a new high.
Higher high and higher lows pattern along with the break above the resistance indicates on a strong uptrend which is likely to continue.
Based on previous analysis on multiple cryptocurrencies, price usually increases by 10 or 20 times, which is regular in the strong bull market. It is possible that ETP/USD bull market has already started, that could bring price up to the $20 or even $25 area.
This would result in a growth of at least 20 times from the recent low at $0.46, which is enormous potential that can be achieved in a relatively short time-frame.
EUR/CHF - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATESPay 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 + EW
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.