Failed
Not so MATCHYThe red zone indicates the normal flow it should validate in order to long+hold ETH. Despite the increased volume in Altcoins, the hype has shaded... so i will be looking to short BTC and ETH soon if the red zone doesnt break properly.
TRON C&H FAILURE, POSSIBLE BEAR FLAG FORMATIONBitcoin, the master of all has taken our nice warm coffee and dumped it on the ground. TRX followed the bitcoin trend due to MT. GOX and the binnance hacking, and clearly failed to breakout of the cup and handle formation. After the initial decline there seems to be a bearish flag forming and can expect price to fall to around $.2 - .25 level.
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We just predicted. This is a downtrendEveryone saw that our prediction was correct
This is also the continuation of the bitcoin downtrend
Reversal Signal ! We Will Go DownstairsHeroic back
Just a few days ago,we had exactly predicted this route
Now we will see the signal back
We are now moving forward according to the forecasts, the capital will be lost and we will enter the correct growth area.
BTCUSD
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Short NZDUSD on small breakout down - 1:3 Risk RewardNZDUSD currently near the highs of the most recent swings. As marked on the shart rice broke out above a narrow range in last weeks trading, but failed and returned down - this is a strong indication of a coming reversal.
At this point we have broken down a bit from the trading range and most importantly formed a spike up - which puts the odds strongly in favor of a further break downwards.
With this setup a R:R of 1:3 is enabled. Target could be set less agressive, this is just one suggestion.
Did LTC have a failed breakout? If LTC experienced a failed consolidation breakout of the bottom trendline from a symmetrical triangle, could this signal a consolidation breakout of the upper trendline to continue its uptrend?
EURUSD - Short tradeEURUSD had a failed bullish flag break. Will wait to see price action when swing low of that big run up is tested. Ultimately I'll be looking for a re-test of the original bullish flag trendline and bearish reversal patterns on the lower timeframes ( 1 min and 5 min ) to then take a short down to the 161% extension of the Measured move from the bearish trendline. the 161% is a conservative target. Depending on Price Action on the way down it might be worth trading down to 200% extension. I like failed patterns, they often produce good moves. Once it becomes obvious the bulls aren't in control, longs will cover and shorts will pile in creating a nice move before we resume any potential upwards move.
AUD Short opportunityCurrently watching this potential trade. Spike base support was used already today, and we have a failed break higher. Watching Price action for potential trade back down to the base of the pole. Conservative target would be around the 0.78500 level.
Ethereum builded a new higher high on it´s way to $340/360.Again we don´t completely took out the the resistance on the $320 level.
But we now have a new higher high.
For now I expect a sell off again.
At least to the top border of the $306 level/support.
Even with such a powerful Bitcoin we at the moment have no chance to break this annoying resistance.
Will it happen in this life? What do you think?
Comments welcome.
GBPUSD: OMG Sharp drop! Good Short!A failed Symmetrical Triangle has just emerged with a large bearish candle to the downside!
There is going to be a sharp drop coming up!
Good luck traders!
Gold-high time to start going upafter failure to make a new low,we have a channel breakout,maybe we will have a nice uptrend now.
NZDUSD CONTINUES BEARISH MOVEAfter a fail to create higher highs, NZDUSD continues its downtrend to make possible lower lows
EURUSD (with HotSpot)Today EURUSD MAY 25.2015. Wait until 10 bars to see the trend, then AT LEAST, OP until 2 bars. The rest would be reverse or continuing the trend until approximately 5 bars.
EDIT: If until 10 bars EU down, then 2 bars will go down (and if it's not, cut loss) then wait for the trend of the next two bars from the 12th-13th bar, becoming next trend until 2-3 bars more.
Counting trend from one candle to another candle must be applied from "Closed Position".
