AU shortNow that we have a clean impulse out of a very corrective ascending structure, I am looking for an entry on this continuation.
Need price to stay within the previous high and current low as it forms this counter trend move.
This small break out of structure can now potentially evolve into a simple fake out and price could now fall all the way back into the pattern.
Continuationpatterns
EU shortPrice has given us a very nice impulse out of a corrective ascending channel. This was forecast in a previous post.
All we need now is clean continuation within the previous high and current low and i will be entering this position with 2 trades one to manage aggressively and one to
hopefully hold for the larger move to the downside.
EU shortPrice has given us a very nice impulse out of a corrective ascending channel. This was forecast in a previous post.
All we need now is clean continuation within the previous high and current low and i will be entering this position with 2 trades one to manage aggressively and one to
hopefully hold for the larger move to the downside.
Hope LTC longterm trendline hold, otherwise price debacle likelyLook back on the last month, LTC has staged a somewhat small recovery from the stiff slump in September. In the weekly chart, the trendline still holds, but only for the moment. The situation looks precarious since the strength of the rebound is considerably disappointing. If the longterm trendline was broken, we may soon endure more downside.
EURUSD, Sell on H2**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
___________________________________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDJPY, Buy on H1**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
___________________________________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
HSIC, Henry Schein Inc. - Ready to BreakoutNASDAQ:HSIC
Analyze it as an Ascending Triangle or as a Head and Shoulders of Continuation...what we focus on is simply the level of resistance, in which either the price breaks or bounces, and depending on what happens we operate or wait.
At the end in this case if we define it as Ascending Triangle the reading of the pattern has highs of equal level and higher lows. If we define it Head and Shoulders of Continuation the Neckline is perfectly horizontal and the reversal has not happened and therefore the trend should continue.
How do we know that this operation works?
Simple. Backtesting analysis of the past.
What confirms the goodness of our operations over the years? The comparison of real results with those parameterized by the Backtesting.
Everything else is a matter of discipline.
All good things are hidden ... not all hope is lost for bulls!Heya my dear thriving community of hustlers and busters, traders and shillers, movers and shakers hope you are having a tremendous freaki'n day!
I know I have been a bit of a beartard for the last 3 weeks and there have been very well justified reasons for it, however, I can not ignore the clear bullish signal which comes with the high timeframes.
As you can see, there is a massive hidden bullish divergence formed on the weekly timeframe hinting the continuation of the bull run that brought us to near 14K levels.
Obviously there is no guarantee what so ever that this divergence will play out, but it is still something to keep our minds on.
Bitcoin likes to play on signs that has been right in front of our noses the whole time. aaand this divergence has been right in front of our noses since early June, it makes perfect sense for it to play out now instead of weeks later.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Let's hope that we don't have to place shorts in upcoming days Bakkt to Bakkt :)
Cheers
Archie
How to Play ROKUAfter Roku has beaten every Earnings estimate (except 1) we have seen quite a rally in the equity and it has grapped everybody's attention.
We can see Roku had a nice big parallel trend channel until recently where it broke out of it and tested the upper trendline several times where it eventually got rejected. Only to make a new parallel trend channel, it went on to make new highs and breaking out of the new trend channel, which is probably a terminal blow off, as we can see some big selling blocks on the volume, Unless it rejects the upper trend channel and doesn't close below it with +3%, then it could potentially continue and make a new trend.
I would deem it most likely to resume the exsisting upwards trend in the new parallel trend channel, and finding potential support around 95-100$ before continuation.
My 2 Cents
happy trading
NESN, Nestlè N - Continuation Head & ShouldersSIX:NESN
Let's see how far we can go with the positions in Trailing Stop.
Current Risk Reward 7.53 / 1 in eight months.
This means about 1% of the account per month on a single position.
There are clearly closed positions with regular losses, but the important thing is to have a %profit and a Winrate that determine a positive "profit factor".
How can I be sure of what I do?
From the study of the past through Backtesting.
Now it's just a matter of having the discipline to follow my strategies and not getting caught up in fear and greed.
Remember that trading is MIND-SET
20% Knowledge
80% Psychology
"Rationality Yes, Emotivity No”
GBPUSD - SELLBreak out of profession Re-distribution area which also had a bearish harmonic pattern then a retest of the continuation pattern support area, which should now act as resistance. Price also rejected the 50EMA in confluence with a 61.8 after a double top that formed earlier today. Expecting price to drop further and put in new lows should things play out accordingly.