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Medianline

Ripple: Rejection at Support Level Ripple has been in a correction since the end of May when the fast impulsive move to the upside ended and all we do day in and day out is to try to find that level where price may find support and start climbing, ending the corrective structure. Looking now to the daily chart of Ripple we may see that the lower parallel of the median line acts as support rejecting price. In case you hava a buy setup completion, buy Ripple as it has a tremendous potential to the upside.
BITTREX:XRPUSDLong
by Fxprotrader
3
GBPCHF: Pending Sell Setup (#5 Trade)After reaching the upper parallel of the ascending channel price bounced, dropping to the down breaking below the short term uptrend. It is now developing a corrective structure as it pulls back after the breakout. Very soon we may have a new impulse to the down. Setup: Sell Entry level: 1.32149 Stop-loss: 1.33484 Profit target: 1.27964 Risk/Reward: 3.15:1 Trade with care, John DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Short
by Fxprotrader
1
NZDUSD: Sell Opportunity (#2 Trade - 50 Trades Journal)Our second setup comes from the NZDUSD. Looking at the hourly chart what we may see is that price bounced from a key resistance level (sliding parallel of median line, and after breaking below the short term uptrend is now in a correctio, pulling back. MACD bearish divergence adds to our analysis on going short. Setup: Sell Entry level: 0.69173 Stop-loss: 0.69525 Profit target: 0.68450 Risk/Reward: 2.05:1 Total account (units): 99 Risk 1 unit Tradewith care, John DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Short
by Fxprotrader
9
Bitcoin: Simple Things Offer Great ThingsOne of the most basic rules in forex trading is to follow the trend and don't fight it unless there is a very good reason. Personally, I find no reason to fight the uptrend in Bitcoin as it seems like its brakes are broken. Looking at the 240min chart we can see that the resistance offered by the sliding parallel of the median line set is broken and the price is heading north. In case we see it pulling back into a corrective structure towards the parallel, we better start watching for a buy setup completion to join the whole planet buying bitcoin.
COINBASE:BTCUSDLong
by Fxprotrader