Outside
DENTBTC 10X opportunity !I am seeing a nice outside bar on weekly basis, repeating history from the DENT-BTC chart.
This means that there are a lot of institutional players buying this GEM token.
I am maybe crazy to predict this, but i can' be wrong if my risk is too small.
Let's see how this plays out.
Long time ago i analysed again a chart from DENT.
This time I see a signal, so it might go well this time.
What do you think ?
Like, react and share !
Ada is making an outside bar on weekly The orange bar means that there are a lot of Whales buying, especially the BitMEX and coinbase listing today and tomorrow.
Update target=> 2,64$
Tonight we meet the FED which is also bullish in my eyes, because the rates would be unchanged till 2022.
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Staying in the opportunity Flow: EURUSD SHORT THEN LONG!EURUSD currently offered a nice chance for a 2618 Trad e, which basically is a return into the 61,8 % Retracement after a double top like shown in the chart. The first Target would be the recent lows at 1.1218's.
We also have a nice gartley pattern as a potential buying opportunity at 1.1170's.
STAY IN THAT OPPORTUNITY FLOW!
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GBPJPY: A Look Ahead (Day4) Euro was boring, but this pair isn'tI was supposed to be following the EURUSD this entire week, but if you look at the chart there is just absolutely nothing new going on. So instead of giving you a chart that simply read “see yesterday’s post” I thought I’d look at another pair that has been on my radar.
One of my clients and I were discussing the situation on GBPJPY last night looking for a potential bullish entry based on the retest of the structure lows. Well instead of holding those lows with say a double bottom, we broke through to the downside causing me to flip my entire analysis. With the lower low, lower close, the question that I’m no asking myself is how can I get short?
There were a few chances over the London session and another this morning but, with all of the Greece back and forth going on, I didn’t want to hop on too aggressively on the news based spike. What I’m looking for is a push back into our previous outside return, that way I can give myself the opportunity to potentially gain massive reward without a lot of risk. Just in case I have to be wrong once or twice before nailing it (not necessarily for this trade, but in general those are the benefits of having a good risk to reward ratio).
This is a pure trend continuation/trend following trade (depending on you as a trader) which has a massive downside. Our next major structure level on this pair doesn’t come until a little under 190’s. I would expect a few road blocks on the way around the 193 and 192 even handles, but when was following a trend ever that easy (one of the reason I’m not a trend following trader).
So I’ll be keeping a close eye on this intraday in the Live trading Room and see if I can find a way in. if I do I’ll certainly share it with you when tonight’s Weekly Video comes out (www.youtube.com), but until then I’d like to leave you with this quote that I used in yesterday’s blog post. tradeempowered.com
“Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers. You also have to follow your own light. Because I have so many friends who are talented traders, I often have to remind myself that if I try to trade their way, or on their ideas, I am going to lose. Every trader has strengths and weaknesses. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach. When you try to incorporate someone else’s style, you often wind up with the worst of both styles. I’ve done that a lot.” –Michael Marcus
Akil Stokes
Chief Currency Analyst at www.TradeEmpowered.com
Akil@Tradeempowered.com