Trend: ranging Structure: Descending wedge. Plan: We have identified a strong lower resistance level that has been tested and respected four times over the last month. We now look to take a long after the latest bounce to the 0.5 fib level. Those who are aggressive traders could set TP at the upper trend line.
Trend: Bullish Structure: Trend Line / horizontal resistance Plan: We see GBP respecting the lower trend line and also on a higher timeframe bouncing off the lower resistance level. We look to take a long back to previous highs.
Trend: Ranging Structure: Descending parallel channel Plan: We have identified a descending channel in GBPUSD. It has also started to form a resistance level. We look for price to bounce off either upper resistance or upper trend line and move down to 0.6 Fib level
Trend: Bullish Structure: Ascending triangle / Support & resistance Plan: Following up from an earlier idea. price has now tested support levels and lower trend line, we now look to trade up to 0.5Fib level or previous high
Trend: Ranging structure: Flag pattern / support and resistance Plan: We have identified a flag pattern / a horizontal support and resistance zone. Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.
Trend: Bearish Structure: Pullback stochastic confirmation Plan: We have identified a level of resistance confirming the pull back. We also have stochastic confirmation of the continuation of the bearish trend
Trend: Ranging Structure: Descending parallel channel Plan: Once price reaches upper trend line we look to enter short down to resistance level and 0.618 Fib level
Trend: Bullish Structure: Ascending triangle, also support and resistance breakout Plan: We look for price to fall and retest the breakout from the ascending triangle. We see stochastic and EMA confirmation. TP set at previous high
Trend: Bearish Structure: Descending triangle / breakout and retest plan: We have identified a breakout of resistance level and then retest verifying the resistance level. Look to enter close to upper resistance and trade down to previous low.
Trend: Bearish Structure: Trend line/Short pull back Plan: We look for price to bounce off the upper resistance level. Setting TP at previous low and SL just above previous high We look for MACD confirmation along with stochastic. Could possibly read this as a trend line short as well.
Trend: Ranging Structure: Parallel channel Plan: We have identified a parallel channel and seen price respect upper trend line. In terms of the trade we look to get in at a higher price then trade down to a resistance level or lower trend.
we will see a dip between 0.85$-1$ then will pump with BTC again to 2$ dollars.
Trend: Bullish Structure: Support and Resistance Plan: We have a stochastic crossover and possible MACD confirmation after a bounce off of lower support. We set TP at 0.618 Fibonacci level and SL just under previous lows.
Trend: Bearish (short term) Structure: Parallel channel Plan: We look for price to either breakout, retest, and then move higher. However the more likely scenario being, we look for price to respect the upper parallel channel line and move back to the previous low. Again we await price action and MACD/Stochastic confirmation before entry.
Trend: Bearish Structure: Support and Resistance zone Plan: We look for price to respect the resistance zone and make a move back down to either the 0.5 or 0.618 Fibonacci level.
Trend: Bullish Structure: Wedge / Support and Resistance Plan: There are multiple ways to view this trade and I would wait for a definitive move either way before entering. We can either wait for price to break to the downside out of the wedge then trade it as a parallel channel or we can expect price to bounce of the lower trend line and continue the wedge...