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Gridcoin vs Bitcoin rebound plus interesting breakout formationWe can clearly see here that the support has been created around round number 500. It created false double bottom buy signal in December. Area between mid of February and beginning of March shows interesting formation when pair tried to break the support with negative results. There is second important level which is created by consolidated three GAP's on daily chart. I marked this area with first rectangle. Yesterday big bullish candle went thru 200 ema and all three GAP's. I would suggest to set SL just below 0.00000500(It is rare that the pair will go thru strong support just to bounce back again). TP is set around highest highs from September. I think that 0.00002000 level is reasonable as well.
GLong
by Krystiannwk
2
BitCrystals/Bitcoin very interesting formation buy opportunityWhat I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for better entry level for good risk reward ratio, perfect entry level would be very close to the 0.000100000 mark. Entry at the current level is not the bad idea either. Let's see what this pair will decide.
BLong
by Krystiannwk
USDCHF short after weekly candle close below psych lev. 1.00000Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair which is in negative correlation with USDCHF. I think that if I'm correct any attempt to go beyond 1.000 will be stopped by 200 MMA on 4h chart.
Short
by Krystiannwk
TELL Taking Off - Candles, Connors, Director and Elliot say YesPrice just completed a Bullish Hammer. Connors RSI at 10 indicating extremely oversold- Yellow squares mark the four other times this has happened this year. The company's director(s) just bought 24k and 38K, and the corp another 38K. For Elliot it looks like the correction A-B-C wave has completed, and wave C has extended into the area of the previous impulse wave 4 - a reliable guideline. So we are beginning a new impulse wave 1. Long term trade target 26.00 - the 1.618 fib level to complete the next five wave impulse. Short term 18 ish to complete wave 1. Good risk reward with a tight stop @ 9.50.
TLong
by AuthenticTrader
EURUSD - WeeklyForex OverviewSo our Fibonacci Retracement suggests that the pairs next leg would indeed be bearish to our -0.27 Fib then correct and continue the downtrend commenced in may this year. We were rejected on this major support line towards the end of November and corrected to our 38.2 Fib but with price being rejected here also, is readily approaching the Major Support level again and we should be diving deeper into the 4 hour chart and awaiting and planning entry to either Buy/Sell this pair. Await daily candle close on 12/12/2016.
by WeeklyForexReview
3
AUDUSD Selling PlanSelling the trendline pullback seems like a good idea. Confluence with a 382 Fib retracement and structure level. Watch price action for a sell signal, or entry order at the trendline. More conservative traders can scale into the position slowly adding as price goes higher with stops above the latest structure high (above .7570). Not looking for buying opportunities quite yet. Plan your trade and trade your plan. I'm thinking about putting our more posts in this format "Buying /Selling Trading Plans" for the pairs I trade, as opposed to specific entry/exit setups. We could all benefit from some more practice staying one step ahead of the market and following through with a plan. Cheers and happy pipping!
Short
by NickofJupiter
4