USDCAD SHARK PATTERNHello, Good day! I just found a shark pattern on USDCAD as you can see. It seems highly probable due to the fact that its exactly around the 88.6% retracement currently, It's also literally on a major trendline, at a possible major support area and its at the 38.2% Retracement of the low to high of the trend.
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AUDCAD 15m SELLI'm setting and forgetting an entry on a supply zone very high on the curve that is already in a down trend. The leg out wasn't explosive but it did leave a 2:1 from entry. The relative strength has the CAD at the strongest on both the DAILY and HOURLY charts, while the AUD is either the weakest or second to weakest on both time frames. There is a demand zone there, waiting, and if it shows confirmation of a reversal then I will close there. But if it doesn't hold, expect at least a 5:1 RR.
#DNT : Upto 150% Profits For The Mid Term#Accumulatio_Recommendation
Pair : #DNT / #BTC
Trading Platform : #Binance
RSI : 59
TA Notes :
- MACD : Looking bullish on the daily chart.
- RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time.
EMA : Already below the price level indicating a good reversal bull trend.
- Volume : Trying to have energy at the current 1D chart by the past 2 days and if it can continue like it is performing right now like almost many altcoins are doing it can be considered as a strong indication for a reversal move.
- Candl Stick formation is also looking very good at the moment continuing the formation of a bullish engulf candle from yesterdays close.
#Accumulation_Zone : 65 sats - 75 sats
Distribution_Zone:
Target 1 : 82 sats
Target 2 : 91 sats
Target 3 : 97 sats
Target 4 : 110 sats
Target 5 : 123 sats
Mid To Longer Term Targets
Target 6 : 141 sats
Target 7 : 151 sats
Target 8 : 163 sats+
STOPLOSS : Close below 56 sats
Risk : High
Capital Accumulation : 3%
@TogetherWeAccumulate
Reviewing Gold on Weekly Time Frame using Simple AB=CD PatternHi, I made a look back since 10 years ago on gold on a weekly time frame.
I found an amazing pattern yet simple pattern (AB=CD) and using fibo level to determine entry level.
Trend 1 (Bullish) : October 2008 to August 2011
Trend 2 (Bearish): September 2011 to December 2015
Trend 3 (Bullish) : January 2016 to present
With help of the fibonacci extension level, the zone between 1.217 and 1.618 is the optimal point where the market reverses its trend. (see chart above)
What does it mean? Applying the same strategy, we can see that the current price range (i.e. 1525 to 1635) is within 1.217 and 1.618 fibo level.
Based on this analysis, I believe the gold will reverse it trend before continuing the next bullish cycle.
Look for opportunity to short the market and ride the downtrend.
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Please leave your comments below or send me a message.
GBPCAD Probability of bounceHello there.
Rejections are here. Bullish they are. Formed the Low of the Year (aka low of the month) we have. Now, after a nice daily candle close and a bullish indecision on Weekly, we might be prepared to exhaust a little bit of all this downward movement and finally head north.
For a Swing Trade, I'd look for a SL around the LY and a minimum take profit area around the 3.9:1 RR ratio.
Fundamentals are backing us up when we say that a brighter future may be there for England (and therefore GBP) considering the most likely next prime minister of the UK, not to mention what CAD is facing those days. Mind that we have the chinese GDP in a couple hours and retail sales data for the GBP.
#BTT : Upto 150% Profits Opportunity For The Mid Term. BTT looking very awesome for an entry at our last signal between 9 - 10 sats. It seems it is one of the low sat coins that have a big opportunity to pump harder and faster. Looking good even though we need some more energy and indicators confirmation for a reversal but buying partially with a strict stop loss and risk management method will pay a big return.
Accumulation Area : 9 sats - 10 sats
Distribution Area :
Target 1 : 12 sats
Target 2 : 14 sats
Target 3 : 15 sats
Target 4 : 17 sats
Target 5 : 19 sats
Target 6 : 21 sats
Stop Loss : A close below 8 sats
Risk : High
Capital Accumulation : 4%
@TogetherWeAccumulate
Dax daily: 03 Jul 2019 Yet another session without a gap. Sellers attempted to retest prices from the last week, yet to no avail. It was just around 12 475 when Dax turned around from its slight downward correction and eventually closed where it opened the daily session.
Important zones
Resistance: 12 600
Support: 12 391, 12 428
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's high is 83%
Macroeconomic releases
09:15 - 10:00 CEST - Eurozone PMIs
Today's session hypothesis
We'll base our today's analysis on the fact we have a higher statistical probability of breaking yesterday's high. Thanks to yesterday's close, the odds incline the price might go higher, beyond yesterday's high. Our statistical application indicates that such situation happened in 83% of historical occurrences. This is a strong indication that plays for bull traders. Should this scenario happen, we estimate that 12 600 could be targeted as well. If not, the price decline towards 12 475 or even lower towards 12 428 is likely in a reverse situation.
XEM / BTC#Accumulation_Recomendation
Pair : #XEM / #BTC
Platform : #Binance #HitBtc #Bittrex #Coinbase #Poloneix #Bitfinex
RSI : 35
Volume : Volume is coming back again in a fair amount.
**Note : MACD lookig bullish crossing over in favor of the bulls. RSI also raising up at a good point of entry. EMA needs some more momentum to be below the price for a reversal bullish uptrend.
Accumulation Area :830 sats - 850 sats
Distribution Targets
Short Term :
Target 1 : 890 sats
Target 2 : 914 sats
Target 3 : 940 sats
Mid Term
Target 4 : 980 sats
Target 5 : 1033 sats
Target 6 : 1086 sats
Target 7 : 1162 sats
Target 8 : 1258 sats+
Stop Loss : 808 sats for short term traders and 775 sats for mid to longer term traders.
Risk : High
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Bitcoin : To The Long Awaited 10K level. Happening Now?!#Bitcoin_Update #4H
After all it seems we are in a bullish scenario and the bears are currently seems to be losing it at all. Currently trying to reach and pass that 9475$ area and it did tried to reach there with only a $10 less price levels. Every single setup looking to be perfect for a breakout and a bull run for the short term.
Indications:
MACD : looking very bullish crossing each other in favor of the bulls at all.
RSI : Very perfect place to be said in a bullish move right now at around 66 which is showing a good incoming volume to the market.
Candle Stick : Even though it is not in a down trend in the 4H chart we have seen a dragonfly bullish doji candle formed before 8 hours. And the current candle stick also looks very bullish and all the 3 candles formed consecutively are showing a surely bullish trend for a break out towards the next resistances of $9750 and $10000.
Pattern : The triangle formed by the past week is breaking out and showing Bitcoin has a very good potential for a breakout towards for the long waited 10K level.
EMA : Showing a bullish scenario happening right now being below the current candle which will be taken as an indication for a bullish upward trend for the short term.
Conclusion :
We expect Bitcoin will be on the way to the $9750 and 10K USD price levels by the following 3 to 4 candles if it can close the current candle above the $9475 area.
Please drop your likes if you agree or your comments if you disagree with this idea and lets learn from each other. Besides help us to grow our community by following our trading view profile too. Thank you.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
#ETH_Update : Getting Back The Legacy#ETH_Update
#ETH reached 293 USD so far exactly at our 2nd target. It seems very bullish both the longer and short time frame. Now are looking for our next resistances at 315 USD for the very short term and 372 USD for a bull trend from here. If it can keep its strength we might see an extended 3rd impulsive wave which might move upto 461 USD for the current developing wave.
Conclusion :
MACD looking bullish and RSI still fair to be said in favor of the bulls. Perfect position on our EMA which is showing a bull trend for the short term. Volume is looking fairly good but we might see a good spike after Bitcoin starts its consolidation for some time by the weekend.
Expecting a bull run for now and an active trade on ETH.
Targets are still active as predicted on our last post as follows :
Distribution Area :
Target 3 : 367 USD
Target 4 : 450 USD
MID To Longer Term Trading
Target 1 : 489 USD
Target 2 : 584 USD
Target 3 : 742 USD
Target 4 : 900 USD
Target 5 : 1124 USD
Target 6 : +1410 USD
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With Regards. Team TWA.
BITCOIN : Short Term Possible Scenario's #Bitcoin_Update #4H
Bitcoin 4H time frame chart showing a test at on the key price level of a support at $9011 and this must be a taken as a key point for Bitcoin. If it closes below this key price level we will heading to test the next support area at $8724. In general there 2 main scenario's to occur at the current trend.
Scenario 1 : Break out for a correction and this correction might even go further for an ABC correctional wave formation.
Scenario 2 : Reverse back for another leg up to test our current resistance price level at $9475 which might see a rejection once again for a H&S creation and for a bull run like the past two H&S formations for a test of the next stronger resistance price levels at around $9800 and $10000.
RSI and MACD in favor of the bears for the short run for now. and EMA is also trending on the way to the bearish side.
Our conclusion is we still can't confirm the next move unless we see some more chart formation indications but the close of the current or maximum the next 4H candlestick formation will tell us where Bitcoin will move in the short run.
Stay Tuned For further updates. And you can follow our social media platforms for Live updates too.
TogetherWeAccumulate
With Regards.
#LTC : Bullish Starting To Raise Once Again To Its ATH.#LTC_Update
Litcoin breaks the current formed triangle and is trying to manage to test the next major long time frame resistance at around 151 USD. Seems bullish which is backed by the main indications of MACD, RSI and EMA for the short term. Candle stick formation is also looking very good for the moment.
Distribution Target will be 151 USD for the short term. For hodl investment it will be a very good profits run we are going to see in the time frame between 90 days and 120 days which might as well go upto 550 USD easily.
We will further update on this trade.
How to be a Successful Forex Trader Segment 3CBACK TESTING CONT.:
High probability set-ups
To be a consistently good trader, you must trade in a consistent manner.
As those of you who follow me and review my trade idea’s know, they are the same, almost boring. You see Type 1 (Shown above) or Type 2 trades all the time and they look all the same. EXACTLY!!! That is what you need.
If you have taken (either live or back tested), and documented, the same set-up numerous times, you can develop a statistical basis for the probability of that trade type’s success. IMHO, this is a critical element to achieving long term Success. I believe, if you know statistically, the probability of a trades success then you will be more confident in it and allow it to play out. Moreover, if you have a method that is not quite up to snuff, then get rid of it. I would urge you to be more selective in your trade process and only look for trades that you know, through your back-testing, have a high probability of success. This is Quality over quantity.
Stay green my Friends
Allen
** The Above chart is an example of how I document my trades-- every trade. I also use a spreadsheet to keep track of the data.
Bullish Moves Coming Much LikelyAlright, next week I'm focusing on GBP pairs as the beginning of the week starts with news coming from GB.
As Trump is supporting Brexit and the "great deals" to be made between the US and GB, I'd like to see this pair finally to make some moves to the upside as the other GBP pairs have already started to show some strength after falling for the whole May.
However, there is also SNB news coming from CHF on Thursday, so I'm expecting sharp moves from the GBP news to hit the 1.27 handle before Thursday, which is the first target.
Stop loss is good somewhere below the demand zone (rectangle), but it's good to have some room to breathe.