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BTC/USDT : Possible similaritiesBINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has gets rejected from the range's high and the rejection has caused fractal similarities between the current structure and early August's range above. Based on the data we have, 5 points make the fractal valid and the current formation has shown 4 of them. So, There can be only one more fractal point to follow and it can initiates more buy triggers into the 4H Demand if $BTC sweep below the Swing Lows | Equal Lows. Also, If the current movement follows the inversed fractal, $BTC might have a double convergence into the 4H Demand and then takes off to retest the S/R line zone, and the bearish basement formed on $23400. Although, If $BTC manages to break below the 4H Demand, Then we can expect more bearish momentum to come... Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
1
CRV/USDT : Possible rejection as it's approached the range's lowHello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $CRV has reached the higher range's low and has swept above the last high. Also, It has formed a swing high now and could be a good entry to locate our Shorts with a stop-loss above the higher highs... However, If we get caught on SL, Then it's more likely for $CRV to have one more bound into the range's high and sweep out the higher swing highs. In terms of that; I might look for $CRV's Short again! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
4
USDJPY Sell Limits UpdateUJ created a bearish flag where most retail traders sold the "breakout" of the flag, which actually turned out to be a fake out to liquidate retail buyers from buying the bottom of the "trend line channel" aka "support line" and to liquidate sellers from selling the "fake breakout" of the bearish flag. Our price entry targets is still in play, as well as profit target levels. Never make a permanent trading decision based on your emotions, patience is key. WE get paid to wait for the best setups to trade.
by TRADER_AP_FX
EUR/USD Double Bottom OR Short Order Block EntryLooking at trading EUR/USD today. We have a potential double bottom formation on the 4-hour chart. Remember, we are currently at major major support levels. The fact that the euro is less than one to one with the dollar is incredibly unsettling. So, we know that we have a major fight currently happening between the bears and the bulls. I have highlighted the neckline in yellow and I would like to see strong volume show up to accompany a close above this zone. We can also see that we are currently sitting against a descending trend line and it is very possible that we could bounce off of this region, get rejected, and carry on lower. There is also an order block that we have currently pierced that could give us a target of 1 / 8 Risk to reward if we were shorting. So there's one awesome opportunity. However, if we were looking for a long setup, we have the full divergence across the MACD histogram as well as the MA lines which dd confluence to the setup. We just need that volume to show up. Once we see a close above the neckline zone, I would be waiting for a retrace back into the neckline zone, which would coincide nicely with flipping the trend line to support resistance. This would trigger a long entry with two targets up above. Target number one would be the 1.01 price level. Target number two would be the 1.02 price level. Remember, going long right now is trading counter-trend. We must be certain and need all the stars to align in our bag of rules and criteria. I also would not risk my usual amount on a counter-trend position. Let's keep an eye out and watch what happens. Hope you all have a great day
Long
by TheVortexTrader
BTC/USDT : Possible double bottom!BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BTC has reached the local lows that formed a double bottom in July 2022 and caused the second rush above $24000. Now, There can be a mini fractal out our last double bottom and cause another rush based on correction of the local bearish basement we have before the drop! So, In this case, We need another rejection attempt below/near $20750 to form the Double bottom or QM pattern with a bullish convergence into RSI. If this happens, Then I'll set my trigger to locate my Long as $BTC gets closings above $21450. Stop-loos after trigger and the scenarios Invalidation, Both should be a Close below the Grey zone, Which has been announced as an S/R zone from early July! Anyway, If we get caught on Stop-loss/Invalidation, Then I'll be looking forward to locating my Short once $BTC gets below the lower bullish order-block at $19900 - 19600. 📝 We have made 12% on $BTC's short and 10% on $ETH's short. So taking Profits and waiting for new triggers won't leave us behind the market's trend 😉 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
4
EURGBP order block sell positionWe came into a 4hr area of consolidation and now demand is in control, i expect price to come back up to the area i have marked getting this entry with a 3 pip sl you can hold this trade over the weekend if it gets activated during this time if the trade gets activated hold the trade for atleast 1:5 make sure to take partials on the way down. just keep in mind that it is a friday and we could face big spread so just be careful Have fun Trading and have a profitable week!
Short
by xaph_frx
RAD Swing Trade Setup LongNYSE:RAD RAD is the Rite Aid drug store chain0 being in healthcare and consumer staples it is relatively resilient in a recessionary context. On the Chart, RAD is at swing lows sitting on support with 25% upside potential. The RSI indicator shows an impending K & D line cross under the histogram. A recent triple top helps mark the resistance while an earlier double bottom shows the support. The order block indicator provides confirmation. I see this as nearly ready for a swing-long entry. What is your opinion?
RLong
by AwesomeAvani