Get started

Daily Charts

GBP/CAD SHORT MOMENTUM POSITION ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. SELL STOP ENTRY : 1.58663 STOP LOSS : 1.62010 TAKE PROFIT 25% : 1.57827 TAKE PROFIT 50% : 1.56990 TAKE PROFIT 75% : 1.56132 TAKE PROFIT 100% : 1.55316 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Short
by theEdger
2
USD/CAD LONG MOMENTUM ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. ENTRY : 1.29087 STOP LOSS : 1.27137 TAKE PROFIT 25% : 1.29574 TAKE PROFIT 50% : 1.30062 TAKE PROFIT 75% : 1.30549 TAKE PROFIT 100% : 1.31037 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
AUDJPY back to to the 90s? 🦐AUDJPY on the 4h chart is trading above a 4h support. The price after the bullish impulse never provided us a retracement and tested after the recent high the 0.618 Fibonacci level. How can i approach this scenario? I will wait for the London market open and check for a possible break below the support area. In that case i will look for the application of Plancton's strategy and set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
18
26K target is completedMorning folks, Well, actually as BTC just has hit our long term target - it is not too much to tell about short-term situation. Now we avoid and short positions and wait for market reaction on strong support area. Particular speaking - what pattern will be formed around that let us to take tactical long position for the bounce. It probably takes few days. Supposed upside targets stand around resistance levels of 35K and the next one K-area. What is really interesting is a long term situation. As BTC confirms once again tight relation with the US stocks, and we expect miserable collapse of the stock market (that's actually already stands under way), chances of further drop of BTC in perspective of 4-6 months is growing. On monthly/weekly chart we already see rising bearish power. Next downside target stands around 12K. But if market drops there, hardly it recovers any time soon .
COINBASE:BTCUSD
by Sive-Morten
EURCAD looking up 🦐EURCAD on the daily chart is trading below a resistance level. The price after the long bearish trend found a bottom and is now looking for a retracement and tested the daily resistance a few times. How can i approach this scenario? I will wait for a potential break of the structure and in that case, i will move on the 4 h chart to set a nice long order according to the Plncton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
The road to 26K is openMorning folks, So, not occasionally we're skeptic on any tactic bullish setup. Thus, our recent intraday pattern even has not been formed, as market was not able to form the right arm of the pattern and collapsed not reaching the neckline. Thus, slowly but stubbornly we're coming to major 26K target. Actually BTC has no solid barriers on the way to it. Recent collapse has triggered the liquidation of miners' position as well. While BTC is coming lower - as more questions appears around final destination point. With the performance that we have on weekly chart, the 12K level doesn't seem like impossible anymore, especially in the light of our expectations of stock market collapse in nearest couple of months. That's being said, now we do not consider taking any long positions - neither for investing nor for speculative purposes. As BTC turns to extension mode, you could use most recent downside swing and its Fib levels to consider short entry. For instance, BTC could re-test broken support line, which also could be an option.
COINBASE:BTCUSD
by Sive-Morten
USD/JPY LONG MOMENTUM ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. BUY STOP ENTRY : 130.858 STOP LOSS : 126.952 TAKE PROFIT 25% : 131.834 TAKE PROFIT 50% : 132.810 TAKE PROFIT 75% : 133.786 TAKE PROFIT 100% : 134.764 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
1
harmonics showing daily bounce attemptid call it 68/32 that we have a daily bounce attempt if we hold these lows. id look for a lower weekly high, and some additional bearish activity going into this week. weve had a good rundown toward support that did break lower on the real body of futures and cause momentum toward backwardation. 5-6 weeks of red usually calls for a countertrend rally and elliott wave scenario is playing out correctively. this is why im sticking to the plain red path in the middle.
AMEX:SPYLong
by cerealpatterns
moving with H&S patternMorning folks, So, our recent "222" is done and market re-tested 37K daily trend line support. With relatively dovish Fed comments, BTC gets the chance to show the bounce. If we get the pattern on the weekly chart- upside action could stand for 4-5K. Meantime, on 1H chart, market is forming the H&S pattern. Currently upside target based on AB-CD pattern stands slightly higher. Supposedly it should be the neckline. If we 're correct - then the bottom of the right arm, as usual, seems to be attractive point to consider the long entry
COINBASE:BTCUSD
by Sive-Morten
SPX500USD dropping to the 4300? 🦐SPX500USD on the 4h chart is moving in a descending channel and after a test of the upper trendline the price in the late session of yesterday dropped to a previous support area. The price in fact has been rejected by the confluence zone between the 0.5 fibonacci area and the dynamic resistance and is looking now to break below the lower structure. How can i approach this scenario? I will wait for a break of the area and in that case i will check for a nice short order according to the Plancton's strategy rules. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDShort
by InkyGrip
Message merits repetitionMorning folks, So, it is nothing to please the bulls by far. April closed at tail, while weekly bullish grabber has not been formed. As we're coming to Fed and NFP and BTC still stands tightly related to stock market performance - we expect Fed comments might be more hawkish, which could put additional pressure on BTC. From this standpoint - on 1H chart we see absolutely the same setup as we've traded last time. It is once again "222" pattern that supposedly should start from $39.74K. This is for the bears. For the bulls right now we do not see anything suitable. In case of upside breakout of 40K area, something could be formed... but not yet.
COINBASE:BTCUSD
by Sive-Morten
USDCAD retrace before the new impulse? 🦐USDCAD on the 4h chart after the triple top over the support at the 1.24700 started a bullish impulse up to the 1.27500. The market is looking now for a retracement to the 0.382 and a possible test of the lower support area. How can i approach this scenario? I will wait for a test of the structure and in that case, i ll check for a possible inversion around that area, when the market will shift the scenario i will look for a long entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip