CADJPY Short Term Buy IdeaD1 - Higher highs.
Bullish hidden divergence.
After the first leg to the upside currently it looks like a correction is happening.
Expecting the price to continue higher further after this correction.
H4 - Bullish convergence.
Until the key support zone holds I expect the price to move higher further in the short term.
Higherhighs
EURGBP - Looking To Buy PullbacksD1 - Bullish divergence
Higher highs.
Price has respected a strong support zone and is bouncing higher.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further in the short term.
GBPUSD Short Term Buy IdeaD1 - Currently it looks like the second wave is developing to the upside.
Price still has room higher towards the two key resistance zones.
No opposite signs.
H4 - Higher highs.
Currently it looks like a flat correction is happening in the form of a range.
A valid breakout above the top of the range would be the validation for this short term bullish view.
Atom Cosmos Next Triple Bottom?BINANCE:LINKUSDT
Hello Traders,
Atom is trading in ascending channel making higher highs and higher lows. Atom formed triple bottom during may-august and price increased 150% after breaking out of 16-17 support zone. Atom has been trading between 18-44 starting from September and forming a potential triple top or triple bottom which are reversal patterns. There was a 130% price difference between support and resistance zone bak in May-August period and we are observing approximately the same difference between support and resistance zones September-January period.
If the price breaks above 45 I would open a long position and would expect at 100-150% increase in prices (80-100 USD).
First TP 55
Second TP 75
Third TP 100
If not we could see new higher low somewhere around 25-26 USD, again which would be a good price levels to open a long position.
Overall, Atom Is strong against Bitcoin and if there is a minor increase in bitcoin prices we could see 2-3x in Atom prices.
Good luck and trade smart! (not a financial advice)
Please like and share if you like my idea.
Possible ADA inverted head and shoulders scenario "LONG"Chainlink has been on a downward move for too long. It has now started to make higher highs and I expect it to reach $2-$2.50 by the beginning of January 2021, as long as we don't get another liquidation dump. I am seeing an inverted Head and shoulder patter starting to forming with can bring up to a previous all time high or a new all time high over $3-$4 dollars. Just my opinion and nothing more. Good luck and Happy Trading.
Trade using EMA, Pin Bars, Trend Lines, Higher Highs Higher LowsPin Bar Is Present On The H2, H3, and H4 Chart. This is a strong indication of a bull market. When this chart pattern occurs, look to enter long positions.
Trend: Up
Level: EMA 10 Level, EMA 20 Level, Horizontal Level
Signal: Pin Bar
Trade with multiple factors in your favor. In a bull market, look for pin bars, rejection candlesticks, EMA 10 above EMA 20, up trend, and higher highs higher lows.
USDCHF Intraday Buy IdeaD1 - Price is bouncing higher from a strong support zone where the bottom of the range coincides.
No opposite signs.
Expecting short term bullish moves to happen here.
H4 - Bullish divergence.
Higher highs.
Until the strong support zone holds I expect the price to continue higher further.
EURGBP - Looking To Buy PullbacksW1 - Price is bouncing higher from a key support zone formed by the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Bullish trend pattern.
Higher highs.
Bullish hidden divergence.
Until the two strong support zones hold my view remains bullish here.
EURJPY Bullish IdeaD1 - Higher highs.
No signs of trend change.
Currently it looks like a correction is happening.
Expecting further continuation higher after this correction.
H4 - Bullish divergence.
Until the two strong support zones hold my view remains bullish here.
A valid breakout above the downtrend line would be the validation for this bullish view.
CHFJPY Buy IdeaD1 - Higher highs.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting further continuation higher after this pullback.
H1 - Price has reached the top of the range.
Until the two key support zones hold my view remains bullish here.
A valid breakout above the top of this range would be the validation for this bullish view.
$114 By Friday I predicted todays jump to $114 and was off by less than 0.50 cents. I believe we are in the start of an uptrend as indicated by the black line, and $114 seems to be a safe price target for the week as we almost hit that today. If this is a strong week, we can expect SBUX to near $120 a share.
I will be following this closely and posting updates.
My current position: 5 contracts ( calls ) @ 0.20 a contract with a strike price of $114 by Friday October 15th.
Unfortunately I did not get in for todays jump as my limit strike price was not met, off by one cent ( very frustrating )
Comment your thoughts below on Starbucks and this analysis and make sure to like :)
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.
So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.
"Trading is not about being right most of the time, its about being profitable" - Anonymous
Trading Details:
Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%