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Trade Idea on "EURCHF" / Short Setup / by Thinking Ants Main items we can see on the 4hs Chart: 1)Price is on a Flag pattern formation that found support on a major Daily Zone 2)Flag Patterns are considered continuation structures 3)Currently, the main form is a descending channel in which the Flag pattern is on it. Based on that if The price breaks out from the Flag pattern, we expect a continuation of the bearish movement towards the lower trendline of the descending channel Daily Vision: On the Daily Chart, we can see how the Flag pattern is making a pullback over the major corrective structure in between the 2 Impulsive waves AB and CD(On current formation) that give us strong support for the Trade Idea.
Short
by ThinkingAntsOk
H1 - Short with valid and ideal APF with a good psych number... A potential bearish and authentic APF Bat 88.6% XA ret within 161.8% - 261.8% CB ext for a short/sell trade opportunity with a good psychological number at price 0.66600 even handle. Aggressive entry with pending sell limit order at the completion and stops just above setup's X point giving us a good 1:2 RRR to TP 1 and 1:3 RRR to TP 2. Conservative upon confirmation to short/sell once price completed the setup and SL and TP as seen in the chart. Could there be one good short/sell opportunity? We will see. Trade with care and good luck in the markets
Short
by TheForexSamurai
Symmetrical Triangle formed symmetrical triangle has form, there is no clear trend or direction in the price. Price is bound by two slanted support and resistance lines. Once the price reaches the apex of the the triangle, a breakout typically occurs but its direction is unknown. must pay attention to possible false breakout. Now must wait for the price to breach the triangle boundary and the following price increase. the retest occurs when the price pulls back to the original breakout price. therefore, we place a buy order just above breakout price.
COINBASE:BTCUSD
by StevenAbreu
What is "Price Action"? What about indicators?There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time.
TSX:ACB
by tradersmentality
BCH/BTC - small retrace and then pump!BCH/BTC looks like its headed down to the bottom of the range before picking up speed again. In this one I decided to post the chart showing how I placed the gann fans. Feel free to try it out for yourself and please give me a follow if it helps you :) Target: 0.0490 Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. Yellow line indicates t/p. This is a log chart. This is not financial advice.
Long
by Halams
ETC BTC XBT Long Entry Setup at .001 - .0011 ETCXBTKnowing BTC is finishing its move into the final leg E-wave of its bear flag continuation pattern, when BTC moves down to its previous yearly low around 3250ish/ ETC will also move to its yearly low- however will be in a great position to make a major move upwards. Entry Long Limit order at these positions: .001/.00105/ .0011 SL: none/ only commit 5-20% to these positions/ If the price continues to drops then apply higher leverage and at to position up to .00089. T1: .0014 T2: .0015
Long
by LazerTrading