DXY sideways was terminated, what's next? I've been doing the DXY weekly review for a while. From daily downtrend to daily sideways , now, the sideways on the daily timeframe was terminated. So, what's next?
In my opinion, buyers need to take a breathe after conquering the key level on daily as marked on my chart.
Flip
Three bullish setups of IBM on 2H(more confidence in the weekly)My trade idea is based on weekly chart. It's confluence trading with weekly demand zone & Fibs & Flip. If you don't mind the USD4 to USD5 stop loss. You can choose to enter or use call options. I'm confident on the weekly zone.
I drew three possible entry zones on 2H chart for your reference.
Long setup for S&P on 1HThe 60m zone is not perfect as the solid demand zone is at lower level. It's something that traders deal with everyday. You pass it or not?
For me, it's important to identify the best setups with high qualities for one particular future product. Probably 1 or 2 per day is enough.
My entry TF is much lower, say 5 or 10 minutes. I need to check with the arrival and price action to the zone.
Plan your trade and trade your plan. You don't have to pull the trigger, sometimes, you need to watch.
CTSI breakout-retest of key-area // Continuation soon?$CTSI has been moving quite a lot lately and has been making strong moves in the market.
It started with a simple higher timeframe falling wedge, which we once mentioned a few weeks ago. It started breaking out and moving to the upside quickly. It is most important to state that this move led the market and not just caused by the upwards moving market. This clearly indicates a strong potential base of buyers and investors interested in this asset's low prices.
After breaking above the key-area of resistance, it went for a small consolidation period and made its final push to the next key-level above, which was the final stop for this successful swing.
Currently, CTSI has retraced back into the broken key-area of resistance and is consolidating there. Should a strong move to the upside happen soon, it will take a successful S/R flip, enabling the next higher swing for it.
Looking at technical indicators such as the MKAST Algorithm, one can clearly identify a bearish condition, which has been going on for quite a while now. It is fully understandable since there were no strong breakouts or impulsive moves to the upside after the rejection. Nevertheless, it could be switching to a bullish condition very soon again.
The MKAST Index is surprisingly low and at 0/15 points, which is marking a clearly oversold condition. Such a strong indication of the Index at a key-area, which is about to be turned into support, is absolutely the best scenario this asset could have. The downside seems very limited, and the upside practically unlimited.
A D1 close below 0.03550 would invalidate the bullish bias.
FSLY hit support! Let's go up from here...FSLY's massive after-hours drop today was caught perfectly by our Raygun support/resistance script.
I think we'll bounce back up from here.
If not, these levels will be important as we helix around them fro seeing where we're going to go next.
I'm keeping my eye on this for a S/R flip...
STRAT/USDT - Long - Potential 15%+Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: XRP/USDT
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 6163
TP1: 6460
TP2: 6892
TP3: 7122
BONUS TP: LEAVE OPEN AND FOLLOW WITH STOP LOSS
SL: 5846
NOTES:
- New highs - uncapped potential
- Uptrend
- Sat on Support Zone
- Support Rejection Candles
- Resistance>Support Flip
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
EOS/USDT - LONG - POTENTIAL 10%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: EOS/USDT
T/F: 1 HOUR
LENGTH: MEDIUM
RISK - LOW
ENTRY: 2.5970
TP1: 2.7044
TP2: 2.7920
TP3: 2.8731
SL: 2.5204
NOTES:
- SUPPORT/RESISTANCE FLIP
- UPTREND
- SUPPORT BREAKUP
- STRONG CANDLE REJECTION ON SUPPORT
- OVERSOLD ON RSI DEVIANCE
KEY:
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = LESS THAN 1 WEEK
LONG = > LESS THAN 1 MONTH
INVEST = MORE THAN 1 MONTH
RISK:
LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES
MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION
HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
ALGO/USDT - LONG - POTENTIAL 13+%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: ALGO/USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 2260
TP1: 2308
TP2: 2379
TP3: 2515
TP4: 2570
SL: 2081
NOTES:
- NEWS: Republic Token Launch 16th July
- Pullback sitting on support
- Minimal upwards resistance
- Uptrend
- Flip
- Could spike higher but be sure to sell before 16th July
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
SYS/BTC - LONG - POTENTIAL 25%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: SYS/BTC
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 331
TP1: 338
TP2: 354
TP3: 377
TP4: 414
SL: 321
NOTES:
- TP2 is key resistance, if broken then very good potential to meet TP3
- Support breakthrough
- Pullback sitting on strong support
- If support holds then it should continue uptrend
- Uptrend
- S/R Potential Flip
KEY:
SHORT = < 7 DAYS
MEDIUM = < 1 MONTH
lONG = > 1 MONTH
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
NPXS/USDT - LONG - POTENTIAL 26%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: NPXS/USDT
T/F: 1HR
LENGTH: MEDIUM/LONG
ENTRY: 1842
TP1: 1906
TP2: 2014
TP3: 2246
TP4: 2339
SL: 1729
NOTES:
- Big breakout potential
- Pullback sitting on strong support
- If TP1 is key to breaking and holding
- If support holds then it should continue uptrend
- Uptrend
- S/R Potential Flip
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
IOTA/USDT - LONG - POTENTIAL 7%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: IOTA/USDT
T/F: 1HR
LENGTH: SHORT
ENTRY: 2410
TP1: 2493
TP2: 2587
SL: 2272
NOTES:
- Pullback sitting on support
- Minimal upwards resistance
- If support holds then it should continue uptrend
- Uptrend
- S/R Potential Flip
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
BCD/BTC - LONG - POTENTIAL 34%PAIR: BCD/USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 0.00008110
T1: 0.00008367
T2: 0.00008630
T3: 0.00009134
T4: 0.00010900
S/L: 0.00007690
REASON:
- Resistance Break Up
- Trendline Break Up
- S/R Flip
- Strong Uptrend
- Minimal recent resistance to break through for large potential profit
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile.
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
NULS/USDT - LONG - POTENTIAL 38%PAIR: NULS/USDT
T/F: 1HR
LENGTH: LONG
ENTRY: 0.5680
T1: 0.5960
T2: 0.6630
T3: 0.7150
T4: 0.7900
S/L: 0.5230
REASON:
- Resistance Break Up
- Trendline Break Up
- Potential S/R Flip
- Strong Uptrend
- Minimal recent resistance to break through
If you liked this idea, please like and subscribe to my profile.
TRADE WITH CAUTION & REMEMBER TO MANAGE YOUR TRADES AND STOP-LOSSES
This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly. Look after your portfolio and it will look after you.
LINK/BTC - LONG - POTENTIAL 8%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: LINK/BTC
T/F: 1HR
LENGTH: SHORT
ENTRY: 52416
TP1: 53819
TP2: 54750
TP3: 56765
SL: 51033
NOTES:
- Pullback sitting on support
- Minimal upwards resistance
- If support holds then it should continue uptrend
- Uptrend
- S/R Flip
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Flipping MACD Signals When Signal and Histogram Exceed ThresholdIn this trading strategy, we take a position opposite to what our indicator perceives as a buy signal. This signal is produced as a long buy signal when the MACD crosses over (long) or under (short) in conjunction with two thresholds. The first is that the signal line (MACD 9-bar EMA) exceeds a manually set threshold based on the time frame, which is set in such a way that we have a "normal" amount of trades over a period of time. The second, set up in a similar way, is that the second-degree difference between the slow and fast moving averages, which is also known as the "MACD difference" and is displayed in a histogram on the indicator itself, exceeds a manually set threshold.
This holds a profit factor of over 2.0 with a win rate well over 60% on the hourly time frame, when we set an unusually high threshold. This may indicate abusive use of MACD indicators in this market at that time frame, which favors the market makers over the retail traders. Key is to test each strategy and account for differing market conditions to know which side is the winning side on different currency pairs and in different time frames, at different points in the market cycle.
Enjoy!
EURPLN the price continues to falling downEURPLN the price continues to falling down, after a little bounce to upside, the price wants to fill the weekly bear candle.
According to Plancton strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
$ADAUSD Consolidation before next leg up?Quick update, performance not guaranteed & please DYOR.
BINANCE:ADAUSD has - as I'm sure you've all seen - recently broken out of the trend upwards. Has found several resistances at $0.077 & $0.084
Some of these have been taken and flipped support, some of them are yet to be taken.
The strategy here is to buy dips & breakouts. If it dips, buy. If it breaks out & succesfully flips R/S, buy. We're not done yet.
Final resistance in this supply bloc is $0,084. Let's make some money.
Good luck all,
Jelle