Entry
CAD/JPY - 22/03/2021Consolidation has recently broken setting new lows. We now have price pulling back rejecting of the trendline annotated on the chart. We has a good wick rejection from this bullish candle coming back into the key level that may grant us a potential short entry. The levels indicated are not my actual entry. I will be waiting for one more bearish candle close before considering entering this pair.
What price to take profits? DOGE COIN & Price action (ĐOGECOIN)Perhaps the dollar is in accumulation from the last month. We have four times Doge test the trend line and proves to be a very strong support line.
We can see price react very strongly to take profit at 0.382. But in my opinion on this 3rd test it will fail and head towards the target of the 0.5 zone. Be careful at 0.618 zone, this strongest resistance, we should be take profit 50% if the price reacts strongly in this area.
Entry: < 0.06$
Stoploss: 0.0535$
Take profits: 0.0696$ and 0.0762$ and 0.0855$ and more..
OXT/USDT Looking for support. Possible Entry between 0.35-0.45$Orchid (OXT) is a decentralised VPN provider.
Since VPN is more and more a topic due to data leaks I guess OXT will continue to grow.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
ETH/USDT Finally getting support. Nice entry at previous ATHEthereum finally finds support at previous ATH region 1300-1450$.
I would consider this to be a new entry and buy opportunity.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
FSLY LONG ENTRY - BULLISH SHARKFSLY forming a bullish shark pattern. Negative ER was the massive gap down. While most other stocks are dipping with the overall market dip, FSLY has only slightly depreciated in value. It remains quite strong and is even right above the 886 (PCZ of Bullish Shark). I have been watching this stock trying to get the literal perfect entry at the 886 but its not gonna happen imo. 4H RSI div now forming. Stop below X, targets are A and C. LETS GO BOYS!!!
EURJPY triangleWe are on an upward trend in almost all periods at EURJPY.
On H1, the price forms lower peaks and higher bottoms - a figure known as a triangle.
We already have a break of the resistance and we expect the upward movement to continue.
The resistance levels are:
128.52
128.87
129.25
The triangle breaks if we see a break under the previous bottom!
If you have questions about how to trade this or another situation, contact us!
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BTC BNB ETH NEO down entries or short tradesThese are today's targets, the trades are short setups that have passed.
We will have a trading calculator to give these numbers on your phone or desktop.
TRADING PIVOTS -
A B C Short Cover Pt Gain
BNB DOWN ENTRY 340.00 233.00 309.00 282.25 202.00 +80.25
BNB DOWN ENTRY 324.00 248.00 303.00 284.00 227.00 +57.00
BNB DOWN ENTRY 303.48 228.44 271.88 253.12 196.84 +56.28
BTC DOWN ENTRY 58247.00 49924.00 55291.00 53210.25 46968.00 +6242.20
ETH DOWN ENTRY 1974.00 1656.00 1804.00 1724.50 1486.00 +238.50
NEO DOWN ENTRY 55.21 41.36 48.42 44.96 34.57 +10.39
How to take Advantage of the Bearish Trend on EUR/GBP?Good morning traders, today we bring you an analysis and potential setup of what we would expect in the EUR/GBP to be able to trade the downtrend.
🔸Before explaining what we are looking for in this pair, we will focus on analyzing the context and showing you why we consider that the downtrend is still in force.
🔸After the break of the bullish channel, the price started a clear downtrend, which has not had major retracements so far.
🔸All support zones along the way were penetrated without problem.
🔸Last week, a very important support zone was broken, which is where the last bullish momentum started last year.
🔸Now the price is trading below, but this is not enough to initiate a position in this pair.
🔸What we are waiting for and we recommend doing is waiting for a proportional corrective move to the previous bearish impulse, forming some corrective pattern. For example, a flag pattern performing a pullback to the broken zone.
🔸In this way, we will have a safe place to place our entry and stop loss, and in addition, the R/R ratio that it provides us towards the next support zone is quite favorable.
🔸Of course, this scenario is an example and it does not have to happen like that, and there are many variants to this situation, but the idea is to be able to define certain scenarios to be able to be prepared for what the market gives us, and thus adapt quickly.
Always seem to be patiently waitingIf you remember my idea with long entry for the run up from 3-4k
You will know what I am talking about.
Always seem to be patiently waiting to get a good entry depending what type of trade I am looking at.
If you keep opening positions on exchanges such as BitMEX and find yourself always chasing price or price moving against you just after opening, you need to take some time out.
Practice your patience.