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EURNZD - Daily Outlook for Dec 2020FX:EURNZD This is my daily outlook for EURNZD for Dec 2020. Trades will be executed according to confirmation on 4H and 1H Time Frames. Following scenarios are expected and planned for Dec 2020: Scenario 1: A close below this daily candle could trigger a bearish momentum to retest the lows 1.6980 and form triangle of love and possibility of continuation. Scenario 2: Support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher Resistance zones. Putting in consideration: Monthly Close : Bearish Weekly Close : Bullish Daily Close : Bullish 4H : Solid Up Trend 1H : Solid Up Trend Notes: - From previous monthly candle close, current move from Dec 1 could be the monthly candle bearish wick for HTF bearish trend continuation. - Dec from historical data is a reversal month, so putting in consideration the current bullish momentum could lead this month to close bullish.
by Amr_Sadek
Big impulse wave ON BTCHello, this is Night.CXX CUMFYSEPIPIE! admin this is my trading view account. If you are foolish enough to know this is the next big money play as it is finally happening!!! THE ATH RUN RETEST!! IT IS LITERALLY CONFIRMED AND YOU ARE STUPID LIKE CHONKY IF YOU SHORTED THIS! FUCK YOU CHONKY!! YOUR RETARDED!! GO SHORT YOURSELF! ok! But anyway yea we stop run retesting it! This is not a fairy tale we won't just burst through this like it's nothing! IT'S ATH and I will hedge when it's there. I expect a huge stop run down if that even breaks it again.
Long
by lanbill30
EURUSD - sell before the buy Bit late to the party with this one although still a good few pips to grab before we get into a holding position. 30 pip SL takes us to a nice resistance area so if price pushes back up there then so be it. You can see overall we expect price to reach this bullish trendline which crosses nicely with a daily resistance level so from there we will look to take a buy position. RR 30 pip SL with a 90 pip gain on this sell. Then buy positions we will update when the time is right.
Short
by UnknownUnicorn6441570
PLAN Triple Bottoms (bullish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 79% TARGET (EXIT) PRICE = 60.34 USD BREAKOUT (ENTRY) PRICE = 58.55 USD DISTANCE TO TARGET PRICE = 3.19% EMERGED ON = Sep 17, 08:00 AM (EDT) CONFIRMED ON = Sep 21, 12:27 PM (EDT) WITH CONFIDENCE LEVEL = 90% The Triple Bottom pattern appears when there are three distinct low points (1, 3, 5) that represent a consistent support level. The security tests the support level over time but eventually breaks resistance and makes a strong move to the upside. This type of formation happens when sellers can not break the support price, and market participants eventually pour in. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern’s height (highest price minus the bottom price support level) to the breakout level ­ the highest high. When trading, wait for the confirmation move, which is when the price rises above the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
PLong
by AlTorress
USDCAD [Short trade plan]The setup: - USDCAD has been rejected in the previous support zone for 2 H4 candles - Price now showing some downward momentum - Waiting for price to push a bit higher than place Sell Stop order to ride the downward momentum Invalidation: - If price spike up above the zone and retest find support above the structure, market has shifted from range to breakout. Trade management: - If trigger into the trade when price touch the breakeven line, need to move stop to break even - Risk over reward!
Short
by tradingfrog