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BTCUSD 12h obvious long tradeAfter forming a beautiful double bottom pattern, BTCUSD clears key resistance level at 11600, which coincides with it reclaiming previous rising resistance line as a support. In addition it moves above ema20. MACD prints a buy trade signal as well. We therefore enter a long position, targeting 12500-13000 area and placing stop loss below the recent double bottom. We will also consider exiting the trade if MACD shows a sell signal and/or RSI moves into the overbought area above 75
KRAKEN:BTCUSDLong
by PurseLance
GBPSEK Long / Buy - Double BottomReasons I took this trade: - Double bottom formed on the larger timeframe / Bounce of strong resistance. - Pair is oversold on many timeframes. - Tight stop loss / Good R:R (Risk:Reward Ratio) - Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer ) - MACD crossover Entry : 11.44453 (roughly) Stop Loss: 11.39150 TP1: 11.54250 TP2: 11.65475 Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter. Open to any critique or advice :)
Long
by robertofiorentino9
COTIBTC Market Structure|Structural Resistance|21 MA| VolumeEvening Traders, Today’s Analysis – COTIBTC – impulse move into structural resistance – multiple daily candle closes will reclaim the level. Points to consider, - Structural higher lows - 21 MA Support - Structural resistance (S/R flip) - Oscillators neutral - Volume influx (follow through) - Daily resistance target COTIBTC’s structure is putting in consecutive higher lows, now testing key structural resistance. Confirming multiple daily closes will reclaim the level and establish an S/R flip. The 21 MA is a visual guide, breaking below will increase the probability of negating market structure. The oscillators are both neutral trading above 50, this in an indication of immediate strength in the market. A volume influx node is evident at key structure, follow through is needed, failure will lead to a probable false break. The daily resistance is the immediate target for this long trade, risk is defined below structural resistance. Overall, in my opinion, COTIBTC needs to close multiple daily candles above structural resistance to solidify an S/R flip. The immediate target is daily resistance; breaking below structure will negate this trade. What are your thoughts? Thank you for following my work! And remember, “Letting losses run is the most serious mistake made by most investors.” – William O’Neil
Long
by AzizKhanZamani
4
EURGBP CHANNEL LONG|RSI OVERSOLD|3:1 RISK REWARDHi there. EURGBP upward channel is unbroken and stands strong.Now there is a comfortable spot for us to enter. However, the price is currently below the relatively strong horizontal resistance area, which, gives us less than 50% probability. Despite that, I say, that the channel is strong, and there cant be a better point for entry than here, from the risk-reward perspective, so the <50% probability is compensated by 1-3:1 risk reward, 2-orversold RSI, which helps to etch the probability in our favor. Use 0.7% of deposit. NOTE: maybe, buy 0.5% now and add 0.5% if the price reaches the resistance of the channel. You'll get great average price this way. Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
5