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Sellers trending continuationTrend : Strong Sell Support/Resistance: R2: 1.31866 R1: 1.31332 S1: 1.30866 S2: 1.30400 S3: 1.29758 Price action: Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us. Potencial trade idea: Bears targets: T1: 1.30400 T2: 1.29758 NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
Education
by MP4
1
BTC Breaks Daily 55 EMA - First Time Since November '18Long-Term Outlook: More Bullish Action. Many possibilities exist and things are looking very interesting for the longer term. The true test will be breaching the low 4k level at the resistance line. The green box inside the volume gaps could be a nice resting place if the bulls can handle the climb. Short-Term Outlook: The RSI on shorter time frames is oversold, so we need to reset for continued strength My position: I am long and leveraged with my stop above breakeven now :) I am not a financial analyst. Only trade what you are willing to risk. Risk = reward though and fortune favors the brave. fortis Fortuna adiuvat
COINBASE:BTCUSDLong
by jollygreen
Week 6 - Pullback incoming?FX:EURUSD has resumed the uptrend since the beginning of the year. It is probable that the pair first will make some kind of relief off the present level because of the last failed attempt to get a new Higher High and Higher Close. If the pair retraces, I will be watching closely the marked blue area for a bullish signal, why? Respected Structure (Minor) 61.8% Fibonacci Retracement of the last leg 38.8% Fibonacci Retracement of the breakout leg 127.2% Fibonacci Extension from the last (small) relief
Long
by xWolfxPT
How to Trade Daily Double Bollinger Band StrategySetup 1st Bollinger Band (BB) default deviation (dev.) 2 2nd BB dev. 1 Upper Range ( UR -7.79% ) is space between the upper dev. 1 and 2 bands Upper Mid Range (UMR) is space between 20ma and upper dev. 1 band Lower Mid Range (LMR) is space between 20ma and lower dev. 1 band Lower Range (LR) is space between the lower dev. 1 and 2 bands Trade 1 - Green candle opens in UMR and closes in UR -7.79% open long trade Trade 2 - Red candle opens in UR -7.79% and closes in UMR open short trade Trade 3 - Candles staying between UMR and LMR create range trading strategy Trade 4 - Candles staying in UR -7.79% or LR band create trend trading strategy Trade 5 - Green candle opens in LR and closes in LMR open long trade Trade 6 - Red candle opens in LMR and closes in LR open short trade Open trades in 15m chart with appropriate candle patterns
by Tradingstrategyguides
AUD/USD SELL STOP - 10/10/2017 AUD/USD is trading a little bit above the level of support 0.7744 at the moment. The price showed a little growth, but it was on small volume + given the presence of the local downtrend, we should consider short positions for this currency pair. We can enter the market after a breakdown of the support on large volume, so it will be a more accurate signal. A stop loss should be placed above the breakdown volume bar. A potential of the deal is 70 pips. As for long positions, we can consider them only after a breakout of the resistance 0.7868. The bottom line: short positions after a sharp breakdown of the support.
Short
by trustbrokergroup