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Continuation

MOMENT OF TRUTH FOR BITCOIN | BREAKOUT WITHIN 36H Bitcoin to breakout within 36H (12:00PM - 10th April UTC) Expected downside breakout. Regardless of the direction, this will be a key zone where a breakout will occur Note, ascending wedge has been adjusted from my previous post. Adjusted lines show that this pattern is still intact and is yet to be invalidated Also note that leveraged longs are beginning to stack across all platforms. Leveraged longs are to be used as a inverse indicator; as longs stack, price falls Daily Chart 4H Chart 1H Chart
COINBASE:BTCUSDShort
by JayanVarsani
AUDJPY Possible Bearish Continuation Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which let me think that this pair might drop further lower if market mode are in risk off.
Short
by Anatta0
2
EURUSD SHORTWe an observe EURUSD in a downtrend as well as massive bearish pressure after breaking multiple historically major reversal zones. Here is a trendline indicating the direction of price as well as the marking of various major zones. Price looks to be doing a minor pullback before my predicted fall once again. I am looking for Bearish engulfing candlesticks on timeframes such as the h1 for me to join this downtrend to my next level. For any further inquiries kindly contact me on Instagram @avesworld2715
Short
by AK2715
USOIL Potential Bullish MovementUSOIL Potential Bullish Movement we are waiting for a momentum candle close above 25.30 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Objective Channel (in blue) 3- Support Round Number 20.0 from Daily (in purple) Three confluences are enough to consider Buying USOIL, after a break below 25.30 (in gray) ** unless price breaks below our lower orange trendline and blue dots, then a downward movement would be expected before going up
TVC:USOILLong
by TheSignalyst
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Long
by Anatta0
5
GBPJPY DAILY TRADE SETUPSPrice has been in a Bearish downward move. Price is taking a Bullish Pullback. Price will either continue Bullish upward move or reverse and continue Bearish downward move. Bullish Long Setups. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. Bearish Short Setups. As Price moves upward, it can retrace at different fib levels and continue its Bearish downward trend. Entry points long found on a 15m chart. Take Profit levels found on fib retrace levels. 15m chart Entry points will the Break-Hook-Go candle patterns at different fib levels. Find your own Stop Loss points.
by Tradingstrategyguides
1
USDCHF LongLookig at the Daily & 4Hr timeframes we can see a strong bullish momentum since the 9th March. We now have a retracement into the 'Golden Pocket' with price appearing to reject the level nicely. I am being mindful on this pair as there is still over an hour until the candle close and price may push lower to test the 50 EMA before continuing the bullish momentum. I will be aiming for the -27.00% fib on this trade with entry just above the 78.6% aslong as we see confirmaiton in the form of a reversal pattern/candlestick.
Long
by GeorgieMort
2
ASCENDING WEDGIEAscending Wedge Hey all! I hope everyone is having a great Friday! SUMMARY: Price continues to move up towards $9.3 USD before getting REJECTED AT THE 100SMA (4HR). This rejection will send us down to find support on the 61.8% FIB RT ($8776) where we will consolidate before making a HUGE move UP. ENTRY: SHORT $9195, TP1: $9K, TP2: $8.85, TP3: $8.785 It looks as if we’re heading towards the completion of an ASCENDING WEDGE as we have the upper resistance and lower support converging RIGHT AT THE NECKLINE (RED HORIZONTAL RAY) of the MACRO CUP AND HANDLE we’ve been forming since OCTOBER. Now.. Some things to consider: We are finding resistance on the MACRO 1:1 Gann Fan (highlighted in GREEN). We appear to be following this resistance line up. The estimated convergence of the support and resistance trend lines coincides with a 50% FIB RT line drawn from the $10.5K peek reached back on 13FEB. Breaking down off of this line makes sense as the 0.5 FIB RT is typically pretty strong S/R. VOLUME: We appear to remaining stagnant here without any signs of increasing BULL VOL, indicating we’re more likely to break lower. Slope of the VWAP is also looking more bearish than bullish. % BREAK DOWN is about 70% of the time BEARISH DIVERGENCE on the RSI - we are showing higher highs with lower highs on the RSI and STOCH RSI. The MACD is also looking bearish as the HISTOGRAMS are narrowing, however the SIGNAL line appears to have began to slope UP on this 4H TIME FRAME. 100SMA - At the apex of this ASCENDING WEDGE, REJECTION from this MA should be what initiates the MOVE DOWN. LOOKING AT SMALLER TF: We are showing similar signs from indicators. CHALKIN MF is decreasing, indicating a higher probability of breaking DOWN. VPVR - We look to have support at the coinciding with the 61.8% FIB RT ($8776) LARGER TF: 1D MACD SIGNAL appears to be heading towards a BULLISH CROSS, however we have BEARISH DIVERGENCE on the HISTOGRAM. However, MOMENTUM could be said to be shifting towards BULLISH, but this could be indicative of the move UP after we break DOWN of this BEARISH PATTERN. COMPLETION of this ASCENDING WEDGE and a break DOWN, will confirm the INVERSE HEAD AND SHOULDERS we are currently trending towards and could be the LEG UP WE NEED to BREAK THE NECKLINE OF THE CUP AND HANDLE. My play: Waiting for break below the bottom SUPPORT LINE -just in case we get an influx of RETAIL cash from say… SOUTH KOREA, INDIA, or FRANCE which COULD send flip this BEARISH expectation on its head. Following the completion of this pattern, I will be preparing to enter a LONG in anticipation of completing the INVERSE HEAD and SHOULDERS which should also give us the MOMENTUM we need to begin the BREAKOUT of the CUP AND HANDLE. Thank you for taking the time to check out my trade! Please comment below if you agree/disagree!
BITSTAMP:BTCUSDShort
by BitCapJNY
6
AUDUSD Short ComingAUDUSD is slowly making it's way up to the previous support zone confluent with the 38% Fibonacci retracement of its swing high to swing low. Looking for previous support to become new resistance for a continuation of the downtrend. Will wait for a clean short entry in this zone based on multiple rejections confirming resistance and aim for 200-250 pips back to the downside. Keep in mind this pair moves slowly. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Short
by csohrab
BTCUSD, consolidation channel in Bitcoin chart, more declines ? Hello everyone, consolidation channel is forming in BTCUSD. After a steady price decline, this consolidation channel could mean that continuation of price decline is imminent and it’s possible that once support is broken, the price will continue to slide. So, as soon as support line gets breached and red candle closes bellow it, I will buy some “red options” (on red candles, max 10).If resistance line gets broken before my entry conditions are met, I will re-evaluate this set-up. My rules are the same as before: If you have questions about candle color options or wish to discuss trading strategies in real time, join - candle color options - chat, right here on tradingview. Rules: 7.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up. 8.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity. 9.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades. For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins). Please follow, like and comment !
by Candle_Trader
1