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Pullback

RSI on APECoin pullback. 3.80% gain on its way.$APE is still in a downtrend and i wanted to post this before the trade finishes. In the image attached you'll see 3 RSI readings. RSI 1st candle = a MINUS of -1.43 RSI 2nd candle = a positive of +2.33 (This is the one i need) RSI 3rd candle = a second confirmed postive of +4.93 As noted with my RSI formula. An RSI of 2.33 = a 1 to 2.33 risk reward ratio. So i entered the trade with those limits. This will work even though i am betting AGAINST the main trend even though i can not find ANY divergences prior to the entry. I do however have FRACTALS setup on a 21 period and i got a notification of one (Bullish) So i started looking for the first confirmed RSI signal closing over 50 (or closing over ZERO in this case) After that, I need a second consecutive candle closing above 50 (or ZERO) as well. The second one is my entry. Then i take the value of the first closing RSI over 50 and use it in the formula. 2 for my scale is 53 on a regular scale. 52 = a 1 : 2 ratio below the 200ma and a 1 : 3 above the 200ma (so we have 1 :2) Now lets look at the left over numbers Here i move the decimal over ONE place and its So the total for my risk reward is ( 1 : 2.33 ) This would be the end of the pullback WITHOUT counting any momentum in the move. Usually 2 or 3 candles later youll have a candle closing EXACTLY at that height and the trend continues down.
by CoffeeshopCrypto
1
Aggressive buys on EURUSD Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend. This is also a chance to enter aggressively right now with stops below 1,0678. It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction. However, we're looking for a good risk to reward ratio with low risk. The targets will be at least 1,0860 and once the move begins we will be able to find out the specific levels as well. If you are more conservative trader, we recommend to skip this one and focus on something else to trade!
Long
by ForexTrendline
15
ETHUSDT AnalysisThe momentum is indeed bearish even so, $1700 is strong support for the price and trying to hold on there and if the price lose this support, the next target will likely be around $1420. On the positive side of view, If the Bitcoin current range lasts a little longer or rises, I expect at most a pullback to the recently broken ascending trendline around $2500. Of course, to do this, the price needs to break the short-term trend line (the orange one) and a potential reaction to the descending blue trendline is expected in the way. In a word, the price will shape around $1400 finally. let’s wait and see! Trend Key Points Indicator have been used to draw important key levels and key points.
Short
by bhnmzm
Ford - A good spot for a swing trade Long?Looking at the Ford weekly chart, share price has fallen hard since Jan. of this year with no relief pull-back. Well over 50% from the low in March 2020. Is it at a good level now for that pull-back to happen? Notice a possible head and shoulder formation brewing in the works. Price is at the 200ema on the weekly and at the .618 fib level. The .618 fib level is at a point of support also. Stoch RSI has been under 20 since early Feb. Maybe a good time to pick up a few shares for the longer term investor. Or possibly a nice swing trade long. It'll be interesting if price just destroys this zone or reacts to it.
NYSE:F
by DubbsyFX
Why Do Pullbacks / Retracements Happen?When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The others which have not yet will look for a retracement to buy again or to even short the move.Sellers will inevitably start testing the move. To see its strength at a point where they feel buying is at its weakest. As the sellers join the fight, buyers will see the upward momentum drop. Some will begin to sell out pushing momentum further down. The market makers who are moving the market the most will also reduce their buying pressure so they can save their capital to support the market after the retracement In order to ensure that there will be a higher swing low. 2. Manipulation by market makers. "Saving their capital" sometimes generates whole trends, rather than just a small pullback. Long uptrends for long periods of times will eventually finally hit consistent supply above which MM will not be able to push further. At this point the big players will start dumping a large amount of their supply the market goes into a steep decline covering almost the entire distance of the uptrend before the big player starts to scoop up all the inventory at a low price and repeat the upside move again. 3. Shaking out weak hands In order for a market to push higher. It needs to shake out the weak hands by engineering pullbacks. Weak hands will provide the necessary liquidity for the market maker to push the price higher. 4. Stops hunting. Market makers know perfectly well there will be traders moving up their stops up with the market. They will hunt them down. Sophisticated algos and trading programs will be used for this which further adds to the supply that causes retracements to occur. If you enjoyed this information make sure to live a like! Let me know in the comments what you think about it!
BITSTAMP:BTCUSD
by Toni_G21
2505 4HPLAN GOLD going to pull back from FIBO 382 ?Hello traders, GOLD is meeting a typical position fibo 382 of last downtrend swing. RSI DIV meaning some sellers are trying to open position here. A small fibo 382 position could be a support for gold if it want to rise up again to next fibo position, like 618. Otherwise, it could retest the bottom again on 4h chart. So this plan on 4h chart is looking for a entry confirming signal later session totest bottom support levels. GOOD LUCK ON THIS PLAN. LESS IS MORE!
OANDA:XAUUSDShort
by FUNTRADER-Vera
1
KCSUSDT is ready for the monthly pullback?the price tested the demand zone on 10$ and get the new liquidity. Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly) How to approach? IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
EURUSD sell zoneLast week we talked about a move up to 1,0660 We expect to see a continuation of this move. However, it's important to make sure that we know what's going on on the higher timeframes as well. We already have a sell zone on H4. That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside. All buys should be closed once the market enters the sell zone and especially after we see some reversal candles as well.
by ForexTrendline
13