1 Hour Trend Continuation TradeThis recent pullback into structure has offered a high probability trend continuation trade on the cards. looking for a potential bounce from the currently tested support area and a push up to test the 0.73700 zone
Continuation
BTCUSD: New Range Or New Lows?Bitcoin update: Since the sharp sell off a few days ago, price seems to have found some stability. The appearance of two long wicks and inside bars certainly add up to signs of short term strength. It is a good location to cover shorts, or carefully add to long term inventory. The broader structure is now in a much less favorable position for a more significant price recovery any time soon.
Although this market is still range bound when viewed from the broader perspective, it still has some room to retest the recent low of 5188. A close below the 5430 area will trigger a momentum continuation pattern toward lower prices.
Before you get sucked into the hype and nonsense surrounding this market, keep in mind that the 4900 area is the lower boundary of the largest degree .618 support zone. This zone has been in play since June and still holds. This means, as ugly as the chart may look on smaller time frames, the market in general is still maintaining the price location where a broader reversal is a high probability.
On top of that, the most recent sell off was basically triggered by a tweet. A mining dispute that moved the price hundreds of points in about 15 minutes. This type of vulnerability is a risk that is very prevalent in these markets, particularly since there is no regulation. Insiders can use whatever means necessary to push the herd out of positions, or worse lure them into shorts. It is how large players accumulate positions at great prices. They don't buy highs.
Fundamentally not much has changed and we remain long term bullish. We have bought into the recent sell off to add to our inventory, but carefully. If price goes lower, we can handle it. We are a strong hand, and if it no longer meets our buying criteria, we will stop buying and just hold. For us, shorting at these levels (even if we could) makes no sense in terms of risk.
We keep our long term and short term strategies separate. Since we are playing a strong defense, we will not take just any swing trade long trigger that appears.
Short term structure now favors weakness so for us to take a swing trade long, we need to see a particular reversal structure in place. And since it requires the market to make an initial move higher, we will sit it out until it matures into the pattern that fits our more selective criteria. This helps to filter out the noise and fake outs that are highly probable at the current level.
In summary, timing markets is about knowing how to adjust more than anything else. We don't operate with an "absolutes" mindset, or the losing mentality which runs rampant in this space.
Our long term perspective still stands even in the face of the 6K break. We recognize the opportunity and risks and stick to our plan with our only adjustments being to increase our defensive measures. And for us that means being more selective on the short term, while consolidating our portfolio on the long term. Just like the insiders talked the price lower, they can talk it higher just as fast. You don't have to have a large account to think and maneuver like a large player.
15 Min trend continuation TradePrice action has made a pullback into structure entered on a Lower TF (5MIN) treating this as a short term trend continuation trade 2 targets
NZDUSDA Rejection Candle that signify that buyers cannot push the price higher for a possible reversal scenario. We can look for a possible short trade in the lower time frame, specifically in the 1 hour time frame. This will push the price back to the major level of daily structure around 0.65180.
Good things come to those who wait: A case for retracements (UJ)Hello Traders
Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation.
Highlighted the major trend line that was broken on the hourly.
My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line.
If price continuous without revisiting that price then we won't be boarding upon this one.
Trade safe, Trade well.
EurJpy. A revisit of old levels with new perspectives.On Oct 5, did an analysis on Eurjpy where the trade was triggered only 3 days later. From execution to achieving the exact Target profit was a total of 8 days.
They always ask what will you do differently if you get to relive your live again or if you are young again?
But the interesting thing about trading is that you get to relive redo and reenact your beliefs and mindsets within hours, days and weeks
The only difference is that every trade is a new trade.
Do not remember the previous winning or losing trade. Focus on the task at hand. It's a NEW trade.Full-s
Key levels to formulate one's trading will be at 130.60 and 129 levels.
Other levels is a waste of time.
EURUSD TRYING TO FIND SUPPORTOne more tactical trading Tuesday for your consideration:
We are back once again to that 1.15333 level after a major capitulation for euro.
Looking to go long again at this very crucial support zone as the buyers are jumping back in.
There are wicks going as low as 1.1505 but this is only corrective movement not to be confused with the overall uptrend.
Once 1.1500 is broken consider this trade idea invalid (as the sl suggests).
Trade safe, Trade well
bullish continuationBias based on fundamentals and tech analysis showing bulls still in continuation zone despite anticipated bearish movement
Possible short continuation on AUDUSDThere is a with-trend pin bar on resistance with confluence as the wick is touching the 21 and 8 SMA.
I have put in a sell on stop below the low of the pin bar at 0.71983.
Targeting 2R at the next support level with a stop above the high of the pin bar and above the resistance level.
New Demand Level On The GOLD 03/10/2018The GOLD has created a fresh new demand yesterday, this demand seems like a great continuation Level of buy position, the price jump from that level very strong and fast which indicate there are many Orders still waiting in that level. If the price will return to that demand I'll buy there.
EURCHF trend continuationbased on price action
this is a trend continuation kind of trade. I am expecting the D to hit the resisstance indicated above though it may take till tomorrow. My stops are based on the 15 mins. I don’t expect a pull back below the 13580 area, however, I expect a number of pull back along the way. my best entry would have been 13670
CADCHF Bird's Eye ViewThe lower timeframes have price action pointing downwards to 0.072200. The core resistance levels on these lower tfs overlap with the current volume-price divergence on the Weekly. On the flip side 0.072200 could turn into a PRZ due to the possibility of the formation of a Bullish Crab pattern at that level sandwiching the PRZ between 0.072200 and 0.071167 (which is strong support that is yet to be tested. Lest we also forget the bullish divergence on the bullish monthly candles of March and April (Yup we are sitting right on that!). I will post the bearish price structure I have placed my stop loss above and we will see if it will hold or not.
Trend Continuation TradeShort Opportunity in the Aud Usd with this one. This bearish trend make a new lower lows and now retracement to the point of entry to make a 1.33 Risk to Reward Ratio trade ,the old support now became resistance and also the RSI indicator is Overbought . Excellent Opportunity to make some pips today!!
Shorting on log support breakFirst time this support has broken since 2013. Targeting $230 and $250, as well as $180 in November. Not based on any news or fundamentals, only technicals. I do have puts open on this.
ETH - Short Target Is $200Expecting more of the same from ETH. This does not look like a reversal pattern. If it breaks the triangle the measured move is to $200.
