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GBPJPY [1-3 weeks view]Short GBPJPY Entry: 136.810 SL: 138.680 Clean, Simple, Concise. That's how I like my charts. Price has been trending downwards. Despite price gapping lower and making a new low, price came back to cover the gap. This was to be expected as gaps are generally covered. This provided me for a re-entry to go with the trend. I currently see price forming sort of a flag pattern which is a continuation pattern. Should price break below I would add to my positions to compound the profits. Further, price is holding nicely below it's natural moving average. This trade has a very nice risk/reward profile.
by laughingchartist
5
ASX: Prodigy GoldFactors 1. Price has experienced a LT downtrend (Starting August 19) 2. Price slowly building a base with a short term resistance at 7c . 3. EMA is converging 4. There is an overhead gap at 8.3c which I would be looking to target, 10.5c if we're feeling more ambitious. Possible Reasons For Failure 1. No breakout/bullish price action at 7c to initiate trade 2. Prices may continue to downtrend 3. Base may breakdown Watchlist and keep an eye on, mainly at 7c level.
PLong
by forexpunter
LTCBTC Long Opportunity LTCBTC has been on a downtrend since around the 18th of November 2019. The downtrend has continued until a major support floor has just been hit and the price is consistently rejecting of this support floor, demonstrating signs of accumulation. The Absolut Strength indicator has already crossed to favour buying momentum and strengthening a long bias. I am waiting for a break above the now resistance level 0.006125. Once this level is broken and retested on a smaller timeframe I will enter long. Take profits will be as follows: - 61.8% - 78.6% - 0.007345
Long
by lachy_hardman
Waves+ signal charting, partial blindExample charting of signals from Waves+ with a partial blind - all horizontal lines/signals were plotted with the candlestick chart hidden. A full blind test with long/short signals plotted before the candlestick chart isn't hidden is in order - I'm fully aware that this potentially isn't realistic with the results on the signals due to them being placed after the fact - and I'm aware of that. This was merely a first step - nothing more. A few of these trades are easily invalid due to the fees being high - without leveraged positions, the profit percentage here is slim. down red arrow = short up green arrow = long green checkmark = position was closed in profit if you closed on that bar red X = trade closed at a loss orange horizontal line = early sell/short signal, or early exit from long signal blue horizontal line = early buy/long signal, or early exit from short signal Charts:
BITFINEX:BTCUSDEducation
by auroagwei
1
Sep 11 2019 My 1st Chart idea!! Bitcoin Chart & Price AnalysisAs you can see on my Bitcoin/USD Coinbase chart, the price of bitcoin is still below the 12 and 26 exponential moving average lines, which are represented in red and dark blue. In my opinion, the last candle stick which is red, "could" indicate that the price is temporarily headed back down. The yellow upwards trend line that i drew on the chart is acting as "one" of the possible support levels. The wick of the last candlestick is testing one of the support levels at the $9864 price point. The second support level in my opinion that i want to point out is at $9453 Also, I want to point out that the candle sticks are still inside the massive triangle which was drawn with a downwards trend line in green and upward trend line in green. The pattern of the candlesticks is getting very tight meaning the price could break out of the triangle very soon. We could have a price breakout to the downside or to the upside. The numbers in Pink on the chart, represent my ideas of 3 possible scenarios of my opinion of where the price could go. If we end up breaking out of the triangle upwards then a possible resistance level could be at $10,678. The second possible resistance level could be at $10,948 The MACD and RELATIVE STRENGTH INDEX "can" help determine where the price is going to go. As you can see we are about to have a cross over on the MACD, which means the price could go back down. Also, The relative strength index line is starting to trend sideways which "could" mean the price will stay the same for a little , before moving back up or back down.
COINBASE:BTCUSD
by chartcutie
6