ETH/USD ( LONG ) Bullish Pattern Trading Strategy
Stop Loss : 4503.31
Take Profit : 4816.71
Making Higher Highs And Higher Lows
Making Bullish Candle
Dowtheorytrading
Oil Analysis at chart Hour 1 for DowupOil Analysis: at chart Hour 1 + Price action Daily »»» for 1-2-3 Dow up
BTC price is ranging that means...When the price ranged in the past for more than a month, a new directional move happened.
This is also called a "LINE" in the Dow Theory.
EURUSD: What a gorgeous distribution structureSummary:
a. EURUSD is entering distribution phase
b. Go short when the price already break and retest the support area at 1.1755
c. Aggressive setup wait for price confirmation at the purple rectangle area 1.1790-1.1830
What's up traders?
Here I provide a EURUSD analysis based on my knowledge about Dow Theory.
Charles Henry Dow is one of the most influencing technical analysis at current era. He believed that "History repeat itself" (of course I do believe it too!) and as we can see that the flatten and bending price formation is a pretty obvious sign of the distribution phase and will likely start the panic selling phase that will push the price lower until it meet the support area that I believe is strong at 1.1365 area. That means we have plenty of space to act and this plan can be used for intraday or swing traders. The link to related ideas provided below, check it out!
"you'll only miss 100% shots you never take" - Wayne Gretzky
Disclaimer: All of the information that provided is based on sources that we believe to be reliable, but they have no guarantees. Therefore, every effort is made to ensure that the content is accurate and complete. I have a very strict money management calculation and usually I trade with (max.) 5% risk per pair to ensure sustainability and equity endurance to make money in the futures market for a long-term period. Any profits or losses that occurred based on this analysis is your own responsibilities as a trader or an investor.
