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Another Equilibrium. Another Perfect Trading OpportunityHey guys, if you followed me on my last post you would have known that I was anticipating the weekly Equilibrium to take place and was top phishing short positions from 3900-4200. We are still in this weekly equilibrium and we still have quiet a distance before our recent weekly low of 3,330USD and find ourselves in a 1hr Equilibrium. I am personally keeping the macro trend as my friend, and putting on a short position now at 3772USD with 2x leverage. My stop loss as displayed on the chart will be at 3820USD which will be after an EQ bull break. Ideally in this situation I would make back the 2.6% I lose on this trade in a run up from the EQ break and a push from a potential daily EMA support. This is an ideal trading situation whether you are long or short as it allows you to have tight stop losses in place and your risk:reward is IDEAL!!! with 1hr, 4hr EMA resistance ahead and the macro trend being bearish, I really have to favour the bears in this situation. Guys, please give me a follow and a like if you find this analysis helpful to motivate me to provide more detailed and frequent trading content. I am the unemotional, devotional trader that society doesn't deserve, but needs!
BITMEX:BTCUSD.PShort
by CryptOReilly
2
GBPAUD Daily view, STRATEGIC retrace into LONG setupBig picture first: As you can see, we have a big void to the left which hasn't been filled yet, and the point where it would get filled conveniently falls exactly on .705 retrace from top to bottom. On the macro scale, I think it would have to get to that point before it continues its major downtrend. The red levels are weekly horizontal levels that I think are important and reactive. Now, looking at the daily time frame, we poked above the top red level and came back. If you look back at the weekly chart, you'll notice that there were several cases where we first poked one of the levels, came back deeply, and then finally broke out for real. This may be one of those cases. What I'm seeing as a really probable setup right now is a long from the daily .705 retrace level . Not only that, but we also have a daily breaker , another red(weekly) horizontal level and a small void that hasn't yet been filled . That's 4 factors of confluence that I can't ignore for a setup. Let's see how it unfolds. Some terms I used: -Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support. -Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
Long
by UnknownUnicorn3664665
Trading Plan Oct-NovBUY: new high, break of 248 TP: along the targets up to 281 SELL: break of black trend line & failure to break 248 TP: around 232.5 - 235 / Build a new long position from there. HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258 A break of 248 would indicate that price will be trying to reach the double bottom target 268 - 273 OTE SELL ZONE: Look for reversal signals there and establish a short position The white & red forecast drawings are just for the purpose of orientation.
BITFINEX:BTCUSD
by MagnusTradingGroup
1