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Entry

Bearish Entry ExampleThis kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too. Once price action has made a clear impulse to the upsides and taking out previous structure that's our first sign that the buyers are stepping in. Once we see some corrective price action we can place our fib from the high to low, mark out previous structure and identify the pattern that price is making to build a picture of where price is most likely to reverse giving us the best possible entry.
COINBASE:BTCUSDEducation
by UnknownUnicorn26193975
3
GBP/USD - 11/01/2022Happy new year, yesterday was my first day back to the charts for the new year. Hope you all had an amazing Christmas. Kicking off my first post of the year with this GBP/USD set up. (H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some profits from the market. (M15) - As we are looking to capitalise on higher time frame momentum I want to see price begin to break the resistance and produce a wick to the upside. I will then be waiting for price to create a small pullback with a wick and then enter on the break of the previous candle high with stops below the key level. What are your thoughts on this?
Long
by Official_VIFX
ADAUSD UPDATE - STRONG SUPPORTImportant things to note: BTC either near a bottom or headed to 32k I believe it is near a bottom. This does not mean price will just go up. Retail is almost completely gone. ADA price traced BTC perfectly with a test of support during BTC 54.5k level. ADA price hit strong support during the wick fill for BTC. This is similar to what happened before with my yellow triangle. I have been buying. This does not mean you should. But I am. Important dates to note: Evergrande payments - (largest payment of 2.1B due March 23, 2022) Hey everyone, I hope you are keeping it together during these past few days because most people have not. Though BTC can hit 32k, print a lower high and start a downtrend, I do not believe that will happen. Not for right now at least. What I believe is that institutions are using the derivatives market to push price down, slow down the trading, and take the price of BTC right to the edge of the cliff in order to flush out any retail traders that are left. From there, with the low trading volume they can move the price where they want so they may purchase, pump up the price a bit, and let retail take BTC to high levels while they sit back and the cycle repeats itself. This is how it is done, you can call it what you will. Now, there are plenty of reasons why I believe we have not seen the top of this movement yet and it does not have to be soon. Though, when it happens, you won't expect it. ADA has tested its support level when BTC hit 54.5 perfectly and moved to test the lower support level while it accumulates. This is exacly what I had planned for on my last chart. You can see the similarities from my yellow triangle. Price accumulates, gets pushed out of down trendline, then moves up. I have not added to ADA for a long time because I have so much already, however the stars have aligned fundamentally and technically, so I have added to my portfolio. I know there are tons of people talking about "don't catch a falling knife" and yadda yadda, however I trade very reserved normally and am very aggressive in situations like this. This does not mean you should buy since you and I are likely not in the same situation. I am entering assets and adding to my portfolio and the risk to me at 41k is very very low. I will be updating my charts with other entries areas that I am looking at and assets I believe will do well. Thanks again everyone! So, tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
31
The Problem with Breakeven TradesThe issue with breakeven trading is that when enough people are joining the market at the same place, be it a demand area or an order block. Many traders like to secure their positions immediately. This, however, creates liquidity. Whenever a large group of people move stop losses to the same area, expect that area to be a target for the banks. In this example, we can see buy orders being activated at an order block, a sudden push to make buyers secure their position, followed by a stop hunt of risk-free trades before continuing to the upside. Do you ever get caught in situations like this?
Education
by AlkalineFX
5
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up. A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry. This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control. Would be even more interesting in combination with a Bullish Divergence on the RSI. Invalidation would be below 0.45.
Long
by Metrikk
This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
USD CAD Long Entry USDCAD has been in a steady uptrend since the 21st of October. The price has risen by 3.22% since the price found support at the 1.23 levels. Since Friday there has been a correction of about 1.3% down to around the 1.26 area. The RSI levels on the 1hr and 4hr time frame remain very oversold which suggests that the price has room to rise from this point. The stop loss area for this trade is located at the previous resistance now turned support at 1.260. The target is the previous high at 1.274.
Long
by Orion-Markets
GBP CAD Long idea GBPCAD has been in a steady uptrend for about a month now. In that time the price has respected the upwards trend and hasn't broken through it yet. On the 4hr chart, the Stoch-RSI indicators have just crossed in oversold territories (21), it looks like the price will increase. A scenario that might play out is that the price will fall down a little bit towards the trend line before its continuation forward. The one issue with this trade is that the price has failed to break through the 1.70 regions with any conviction, this indicates caution to me as another attempt is likely but failure to break past the resistance zone could lead to a drop in price towards the 1.684 level.
Long
by Orion-Markets
Gold Short Idea Gold has been no stranger to volatility in the last few weeks. There was a sell-off towards the levels of $1762, but now the price has rebounded towards the $1787 resistance zone. Gold's rally failed to surpass the $1800, in the short term I believe the trend is bearish. The RSI levels on the 4hr chart are overbought at 94.82. The target is the previous support level of $1770-67. The stop-loss area for this trade is located just above the recent high at $1788.
OANDA:XAUUSDShort
by Orion-Markets
Gold (XAU) Long Entry Gold has seen a big sell-off towards the regions of $1763 and seems like it's formed support here. There has been a 1.57% drop in price over the last 2 days and markets are very volatile right now. The RSI levels are oversold at 24.45 and considering the volatility of the market, a price increase to the target of $1785 resistance zone seems likely. Tomorrow a heap of high-risk economic data is released, if the results are bearish for the Dollar Gold could see a change of sentiment.
OANDA:XAUUSDLong
by Orion-Markets
4
AUDUSD Long EntryAUDUSD has been in a consistent downtrend for over a month. The price has repeatedly set lower lows and lower highs but recently has established a support level, 0.70937, that price has been respected multiple times. It appears that the price is beginning to form a range, and as the price has fallen back to the support zone mentioned a long entry seems appropriate. The target for this trade is at the top of the range at the 0.71700 level. The stop loss area for this trade is located at the yearly low of 0.712.
Long
by Orion-Markets
1
Gold Long EntryGold: After dropping down to the $1781 area yesterday evening, Gold managed to climb towards $1798 before consolidating. The RSI levels on the daily chart remain oversold, currently at the 8.32 levels. On the 1hr time frames the recent candles that have emerged show to have decent buying pressure. It looks like the price will move up from here at test the $1800-03 zone this week. Not only do the technical support this analysis but the growing concerns over the “Omicron” variant might persuade investors to move into the safe-haven gold, pushing price up.
OANDA:XAUUSDLong
by Orion-Markets
2