Priceactionstrategy
AUDCHF New Price ActionPreviously I had made an analysis of this pair looking for shorts near a three touch structure. However that structure has now been broken and has now made a new reversal ascending channel. It is important to not that when you have a structure where the top and bottom trend-lines are not parallel, if there was to be a break to the upside, based off my own backtesting results, we tend to make the top trend-line parallel to the bottom line. This in fact, has happened in this piece of price action. Here we have a break of a three touch structure however it is important to note that is is how we react to this area of value, and in this scenario we could potentially have a fake breakout, with a continuation flag to the downside. Lastly due to Presidential election News, I suggest protecting as much capital as you can and trade with caution.
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Neo formed ABCD bullish pattern!!!So, in H1 timeframe. NEO forme a bullish pattern, but we can see continue drop in the price!!!
But, we will need to take a perspective that in the purple quarer that I mark, NEO touch the EMA 200 and in any moment NEO could to change the trend and we can to be cautelous when the price touch the EMA 200 and we can see a possible change o momentum of the trend.
It's so interesting.
But right now, we nee to confirm the 0.618% as posible continuation o the bearish trend but limited!!! So, my target proti will be $13,67 USD and my price entry it's around of $14.79 USD with a SL at $!5.28 USD. So, we would need to take this perspective.
So, I do not entry in H1 timeframe until we see any bearish pattern in 30 minutes. That it's my key to trade this par!!!
So, the trade it's very good, but we will need to be cautelous and it's very possible that NEO make a little correction and I hope any change o trend!!!
So, the most is to hope that NEO make a coirmation on this green zone to entry in the little short position of just exactly $1 dollar drop in NEO.
Bitcoin Cash show a bought opportunity!!!Hello traders, As many traders commented the idea on Bitcoin Cash, well, I see that Bitcoin Cash is support in the key support and we see another bought opportunity trade in this strategy called supply and demand. Also, in the previously technical analysis, I mentioend that Bitcoi Cash is formed a double top and it's completely formed and my prediciton was very right in the exact target $240 USD. Remember that I trade Ethereum and I hope a Bitcoin entry in long toward the $17,000 USD. Now, in Bitcoin Cash we see another interesting opportunity in this trade. I hope that Bitcoin Cash in H4 formed a species of double top to validate this yellow zone and this support key with a confirmation o price action in H1 timeframe. We hope that situation or Bitcoin Cash.
And also as in the pass we see a double top, I draw a simetric triangle in Daily becuase in weekly I remember that I make a technical analysis that we can to see bought on the 0.618% o Fibonacci in weekly timeframe for Bitcoin Cash.
We hope that this opportunity get profits and we hope an entry!!!
I add my previously technical analysis on Bitcoin Cash for you!!!
Daily chart show a bought signal on Ethereum!!!Ethereum in Daily show us a good signal to buy Ethereum approximately between $380-$383.
As we see in Daily, Ethereum is into this bearish channel, but the expectative show that Ethereum in Daily using the price action is prepare for the next massive bullish movement!!! We see a bullish hammer, that mean that investor bought Ethereum!!! We could see that Ethereum is prepare it.
Now, in weekly timeframe we see that Ethereum is formed a next bullish movement. In weekly is bullish and we hope that Ethereum go up!!!
So, I following the Daily chart and I have my position at $380 USD as my buyr oder limit with a SL at $367 USD and my target profit will be $418 USD.
So, Ethereum show a good trade between this and the next week.
Euro/Australian Dollar: Possible continuation of the channel!!!My expectative for Euro/Australian Dollar is bullish, because the par formed a bullish channel and that could mean a possible bought on this par. Also, it's interesting what I see in this par. It's so interesting to know it. So, at the moment, I can't to say that we're to up, becuase another possibility is that Euro/Australian Dollar show a bearish pressure.
So, beware to trade, it's not reccomend until we broke down the $1.6485 AUD to short or $1.6538 AUD to entry in long position. So, we have these option if we see any break up or break down.
Now, more interesting is in Daily that the Fibonacci show a bought for long positon in the 0.618% of Fibonacci. But, we would awaiting that Euro/Australian Dollar make this break up or brea down. So, my expectative is bullish, but I need a good confirmation to entry in this par to trade.
We hope this opportunity!!!
So, please put 2 alarm alert in the $1.6450 AUD to short position and $1.6538 AUD to long position. You can to use any lines as I show you!!!
I will going to updated more this par, just be patience and remember, knowing the price action strategy!!!
Bitcoin Cash could formed a double top!!! AlertBitcoin Cash show a strategic os supply and demand and so, we see that the price is turn bearish.
In Daily, we supposted that Bitcoin Cash it´s can be to retest the $240 USD to then, entry in short position in the $257 USD. Also that Bitcoin Cash could want to retest the key support line mark in blue and we would need to hope 2 thing: the closed up of the Daily candlestick today and then, we would need to hope in H4 a validation for the entry in short position toward the $240 USD.
Now, in H4 we see a possible formation of double top, it's so sorry that I can't to make a technical analysis on Bitcoin Cash, but If I did this analysis, I would entry in the $268 USD toward the $256 USD, in that point could be my target. But, right now, we see a good opportunity for short position. So, we would need to hope and be patience, I can't entry right now if Bitcoin Cash going to up a little to then, to have the possibility to form a tripple top, that could be another good point to take in noticed that and be cautelous with our trade quality, just I hope that. So, also that in H4 we see a bearish rising wedge and that could be an alarm that the price is weakness the boughts force.
So, pay attention on this analysis and be patience to give us our short entry!!!
EURCAD SHORTOn the 1 hour time frame, you could see that price is clearly in a 3 touch ascending structure. Nearing this 3rd touch, price came impulsively, however after several rejection candles showing side for reversal followed. Also, on the smaller 15 minute time frame you could see how price broke out of a corrective reversal flag that resulted from an impulsive rejection. Watch for Bears to begin coming into the market.
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NZDUSD Continuation DownNZD/USD is showing a very good high probability setup. In this recent price action, price has broke out of a 3 touch structure in an ascending channel. After breaking out impulsively, we are now inside of a continuation flag. A break of this flag will confirm a clean Short Entry .
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Bitcon could to form a shoulder head shoulder!!!Bitcoin was consolidation from the past 4 days and we see in Daily that we continue with the expectative correction. In H4 we see a shoulder head shoulder and, but rememebr that bears are here to pump the price!!!
And remember, in Daily we see a weakness of the trend as Bitcoin make the correction
Also, Ethereum make their correctiom more early than Bitcoin. So, I will going to check in Ethereum, because in Daily we could see a correction approximately of 6% on Bitcoin.
Are you prepared for the correction_
NZDUSD Price ActionNZDUSD Is looking to fall this week following this recent price action. Price action is showing us price breaking out of a 3 touch structure, but what is important is how we broke out. This is important because price has broke out in the formation of an ascending channel. This current ascending channel it is currently in is crucial because it could be a prime example of how Price action fools typical support and resistance traders. The normal S/R flip would indicate a buy off of a retest of its previous high. Price action catches these traders on the wrong side of the market, and has the potential of having a huge bearish move this week to the bottom of its bigger structure. Best of Luck to my traders this week!
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Bitcoin make a fake movement!!! It's bearish movement???In this analysis, we see that Bitccoin yesterday make a up when we formed an Head Shoulder Head inverted in H1 timeframe, but that is another end becuase Bitcoin reach approximately at $13,339 USD and then, make a bg red candlestick, that mean a bearish movement, and then, we could see a possible bearish continue of the trend.
That explain in H4 timeframe in this analysis. But, that was a fake movement and Daily timeframe suggested that Bitcoin want to go back to the $12,300 USD. Also, as in H4 we see a pretty bearish divergence + price action confirmed that Bitcoin it's leading with the bearish sentiment right now before to continue up!!!
Very important is to watch the Daily timeframe, this kind of candlestick show a weakness of the bulls. So, I reccomend to right now to be with the perspective bearish. For that reason, I'm do not trade in long position yesterday and I hope a bought of the $13,200 USD with confirmation, that is my strategy what I trade. So, I'm going in favour o the bearish sentiment. I put a short order limit at $13,100 USD towards the $!2,300 USD as my take proit and my SL is $12,424 USD.
I hope that you like this analysis for you!!!
I kow that it's not easy to trade cryptocurrency by volatile and manipulation by whales. But, if you have a knowledge and a strong psycology on the supply and demand, you're have successful.
Ethereum is into this bullish flag!!!In this analysis, Ethereum is weakness and the trend is leading ot the bearish towards the $354 USD.
Ethereum has the same situation of what Bitcoinn do!!!
But here is more interesting in H4 or you can see in H1 timerame. But, H4 is my key to keep my trades in long. So, Ethereum is forming this bullish flag ABCDE that the bear are take the control o the trend to be the price it's going down. So, I put my sell order limit at $412 USD with a SL at $422 USD and my target profit will be $394 USD. Also, as reference the RSI show a weakness and I mark that in this yellow circle that I show it.
Guys, i you like my technical analysis, please comment, give a like and I hope that this idea it's support for you!!!
Long Position: Ethereum mark the 0.618% of Fibonacci!!!Hello, in this technical analysis, Ethereum mark the 0.618% of price entry with confirmatio to entry in long posiiton. I put my buy order limit at $410 USD with a SL at $403 USD and my own take profit it''s $442 USD.
So, I see that Ethereum is going to bullish!!! This is a good opportunity to buy Ethereum!!!
And then, this is the Daily timeframe. Ethereum show that it's going to bullish!!! So, we would need to buy Ethereum in hte best level to get our target profit!!!
Good luck in this posiiton!!!
Short Position: Price Action + Bearish divergence in RSIIn this analysis, we see that the price action show a bearihs reversal with the RSI bearish divergene in H1 and H4 timeframe. So, We could have this short posiiton. But the only that we would need to pending is this broken line, becuase if this bearish divergnece don't make a Bicoin go back to the $12,400 USD, we could see that Bitocin could to form a possible little-re-accumulation forming an simetric triangle. That could be a possible scenario that we would need to be prepare.
In H4 timeframe we see this situation that Bitcoin it's goes to down.
So, in the past analysis we see a fake signal, we see a bearhs divergence when Bitocin it's around of $11,700 USD, but the price action was not confirmed, but these is an example. Look: if we see a bearish divergence, that is the first, but the second point and the most important is to see a bearihs candlestick group as libelula doji, envolving bearish candlestick, bearihs hammer, or some kind of bearihs candlestick. That is important, the price action is the market languages. Don't recalll it. But, we see in h1 that Bitcoin turn bearish bcuase in the past days we see this big bearish candlestick in H1timeframe, and then, we see the confirmation to entry in short with two perspective. Bearish to the $12,400 USD for this support key of $12,400 USD or any formation of chartist pattern as I show it.
So, I entry in short!!!