CADJPY Short TradeLooking at the 4 hour chart, I see CADJPY retesting the broken trendline as well as it touching a daily supply level. Taking a short here could give us a higher probability of getting in a winning trade as it is in an area where the pair has been rejected strongly for multiple times. However, if it breaks above then that will invalidate this trade. We shall see this week! Good luck to everyone!
Priceactionstrategy
BAND/USDT goes up to the Point Of Control!The price of the BAND is reflected from the current trend line and goes up to the POC level, which acts as a magnet and also serves as a very reliable Support/Resistance, it is a fair price, it is a place where the market likes to return.
We will switch to a lower time frame and look for a suitable place to enter. Entry into the position must be based on the conditions of our strategy.
Happy trading, Alex_UCT
LTCUSDT : Trading inside current triangle. Our today's Academy setup is found on the LTC / USDT pair.
On the time frame H1 we see a nice triangle and also the current trend line inside the triangle.
If this line is broken, the price will test the bottom line of the triangle.
Otherwise, when the price respects the trend line, we can go in the direction of Long.
However, we determine this on the chart in the lower time frame, ideally M15. More information will be shared with our students and followers.
Thank you for your attention and have a nice day and Happy trading.
@Alex_UCT
Adani Port Special - ADANIPORTS(NSE) | Symmetric TriangleAdani Port Special - ADANIPORTS(NSE) has been forming a Symmetric Triangle since June 2021, when viewed in a 3hr time-frame. Since, 720 (dashed red line) has been acting as a good support zone and the stock has already bounced back from there, a rally can happen till 794(dashed green line) if a long candle cuts the triangle upwards. Please see the 1hr chart below, for a detailed view:
FOREX: NZDCHF - M pattern and our Limit OrderWe are waiting for a confluence of two factors where the S/R zone breaks around the location of the current trend line.
Our limit order is set at 0.62499
This whole idea is supported by the M pattern, where there is a price return to the Neck line.
M pattenr is seen in a higher time frame (W1), which gives us an even greater probability of success.
Happy trading, Alex_UCT
DOT: We are just below WEEKLY Pivot Point. Opportunity is here!The DOT / USDT price is just below Pivot Point Weekly, which is a very strong level.
If the Pivot Point breaks, it is possible to open a trade in the Long direction.
If the breakthrough is rejected, we trade the Short position.
Point Of Control levels, which show fair market prices, are also important.
The opening of positions will also depend on trends, so we need to follow the rules of our strategy. We are the traders, not stupid gamblers. Patience is the key!
Happy trading, Alex_UCT
BAL/USDT: Fight on very strong resistance right now!The BAL/USDT cryptocurrency pair is located just below the strong support/resistance area, which currently acts as resistance.
If this area is broken up and retested, the price of the BAL may rise to around 34.5, where another strong S/R area is located.
We are monitoring the situation and we will wait to see if all the conditions for entry are met, according to our strategy, so that we can successfully enter the trade.
Have a nice day and happy trading, Alex_UCT
YFII is fighting on very important S/R level! YFII is located in a very important Support / Resistance zone as we see in chart H4.
If we switch to a lower time frame of M15, we see that the price is also at today's Pivot Point.
If this value is broken, we can trade in the Short direction, on the contrary, if this level acts as a support and is confirmed, we can open a Long trade.
Direct entry into the trade must be in accordance with the rules of our private Price action strategy, which includes additional confluence.
Have a nice day and Happy trading, Alex_UCT
BTC is trying to repeat the pastHello dear friends
Experience has shown that in financial markets, history can be repeated over and over again
Based on the shared chart, my idea is that this coin will be able to grow up to 74K soon after the pattern ceiling breaks.
A strong buy signal is valid if the pattern breaks within 4 hours.
I, like you, am ready and waiting.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very very important .
Thank you dear friends.
Be generous and rich.
TLM/USDT: Falling wedge has been broken! The price of Alien Worlds Trilium (TLM) is 0.22 now.
We are in important zone right now (Purple circle in the chart),
where Falling wedge has been broken up and the price is sitting on historical strong support.
We also see M pattern which expect that the price will go back to a Neck line (Green dashed line).
Happy trading, Alex_UCT
Why Safepal bulls need more safety and could dump more. Safepal wallet token price reviewed using simple price action by Bitcoin Gorilla. Can Sfp Token price see any pump in 2022? Find out more in the video. SafePal S1 enables you to secure, send, buy, swap, and exchange crypto in the easiest way.
This technical analysis on sfp coin is done using price action strategy without any indicators implemented. .
EGLD/USDT Analysis: Strong price reaction soon!On the EGLD / USDT chart we see how the trend lines are squeezing our price.
The price is falling to very strong support, where the EMA 200 Daily is also important.
This place of strong confluence TL + S/R + EMA200 is marked in the purple box.
Here we expect a strong price reaction and an upward price reflection.
If all the conditions of our Price action strategy are met, we will enter the Long Position.
Happy trading, Alex_UCT
GBPAUD: Potential Trend-Following Trade Explained 🇬🇧🇦🇺
GBPAUD is very bullish from the beginning of November.
Setting a new high the pair retraced.
The market is approaching a key level at the moment.
To buy it with confirmation, watch a double bottom formation on 1H time frame.
1.844 - 1.85 is its neckline.
Your trigger to buy is an hourly candle close above that.
Then you buy aggressively or on a retest.
First goal - 1.855
In case of a bearish breakout of a blue zone,
the setup will be invalid.
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GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of 151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of the price range.
1INCH / TETHER analysis. Will we Short or Long?? 1INCH is located at the end of the triangle and the price is squeezed. We assume a break of the triangle and a retest of one of the broken lines.
If a breakthrough occurs and all the rules of our strategy are satisfied, we will enter the trade with several levels for take profit.
Everything will be shared with our members. Here you can see how the situation is going in time.
Please leave a comment or like.
Happy trading, Alex_UCT
Multi-timeframe analysis for MATIC/USDTMATIC is progressing nicely up the trend line.
Now there is a reflection on the D1 chart and MATIC can go up, however, this chart is also dependent on Bitcoin, as well as other altcoins.
When we switch to chart H1, it reflects again the current trend line, which is in confluence with the current support and Pivot point S2.
The green levels are marked for resistance, which is used for possible Profit targets, while the red levels are used for placing stop losses.
Our students have all the information about whether we will trade this opportunity and also what levels we will use for our eventual trade.
Have a nice day and Happy Trading. Alex_UCT
PRICE ACTION PATTERNS | Descending Triangle 🔰
Hey traders,
In this video, you will learn a classic price action pattern "Descending Triangle".
Main topics covered:
Structure of the pattern
Bias of the pattern
Triggers
Stop placement
Target selection
Real market example
Let me know in a comment section what pattern do you want to learn in the next video!
❤️Please, support this video with like and comment!❤️