Range
GBPAUD - potential setupsFX_IDC:GBPAUD
Hello everyone!
🛎 Let check the trading idea for GBPAUD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. Short positions to activate. 🔴
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
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SPX setup 9/20/22Trading inside yesterday's move up and near the weekly opening price.
Currently inside a 15m+FVG on no volume so I'll be paying attention to this area for the time being. The times and sales and level 2 aren't showing anyone big trading for now, so we wait.
I'm neutral to bullish for the short term but if we trade near the daily and the 15m-FVG and reject, I don't mind reversing the position in the opposite direction.
Bitcoin range play: upside potentialWe see on the daily chart that support at the June-July range low, 18.8k, (which is also the 2017 high) is very strong.
The candle is very bullish and is accompanied by powerful volume.
Further downside at this point seems much less probable than more upside. Therefore, my analysis concludes we will be continuing the range upwards now.
21.6 seems the obvious next level and a *safe* TP point.
22.3 is more of a high-conviction play and not improbable, but in these environments I think safe plays are not a bad thing.
Once we get to those price-levels, which is to say: the top of the June-July range, it will be easier to evaluate whether we will be rejected again to continue the June-July range downwards, or whether we will push through to 24.4.
I still believe 28k may be on the charts for a bear-market rally local top, and it would be the perfect bulltrap. But first things first.
Aggressive profit taking is always recommended in these environments.
Hope it helps, and enjoy your day/night!
Bearish 3-tap setup on BitcoinWe have shot up to a new range high which got deviated and retested successfully (what looks like a double but it is in reality a triple top due to the swept high that preceded which is a stronger pattern to trade).
We can also notice a bearish divergence in RSI.
Targets marked; FVG and equal lows.
Chainlink: Partial Decline With Hidden Bullish DivergenceLink several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline.
We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start.
However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
BTCUSD: Bullish Cypher at Weekly Support Congestion ZoneBTC leading to the Fed SPeaking in the 21st may see a rally from the Support Zone it's been trading within. It formed this Bullish Cypher/Shark on the Daily and rallied about 61.8% of the way before failing and pulling back down again. This sorta action is very dangerous as it makes me think it could be a Bearish 5-0 that could lead to us making a lower low and if we do that we will likely come back down to atleast the 786 retrace below at 17.8k. But as of right now the move down to PCZ of this Harmonic has been fast and on above average volume with a wide spread so i believe that we have a high chance of recovering the bearish price action and trading back to the top of the range as the new trading week begins, and if we break above the range we could see a secondary target of $26.5k
EURCAD Will BULLS Finally Break Resistance?Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
How RobinhoodFx visualizes chartsIn this NZDCAD chart we illustrate why we look at range bars and why we highlight specific pip distances. When we approach trading, we like to set our trading to 400 pips per range and 100 pips per candle on the Weekly / Daily giving us the representation drawn.
At this point we are looking at a trade that is at its -30% retracement or on the illustration we see that -30% is represented by a wick. If we see a reversal, price will trend higher towards 0% reestablishing itself back into the body of the candle from this point we will look for a 50% retracement in price.
If we continue to see price trade below -30% that means that price is already trading into the next 400 pip and 100 pip range being -30% or 70% into the next 100 pip range this is an overall bearish sentiment in price.
In explaining this trading process we are looking to see a recovery and overall commit to a bullish bias on the trade.
Range bound EURJPYIn our Q/M 250 pip view we are looking for the EURJPY pair to remain in a bullish range or an efficient market with a bullish bias. Being that we are looking at an efficient market we understand that we only get involved at range lows.
Robin Hood Trading Community:
Our play is to buy at the lows with nano lots 100 lots 0.001.
We are looking to accumulate positions for a inefficient move higher and protect ourselves from a large downside loss with correct risk management for our portfolio size.
To trade a Carrefour range.Carrefour - Intraday - We look to Sell at 17.47 (stop at 17.91)
Price action continued to range between key support & resistance (16.00 - 17.50) and we expect this to continue.
Daily signals are mildly bearish.
Bespoke resistance is located at 17.50.
17.50 has been pivotal.
We look for a temporary move higher.
17.50 continues to hold back the bulls.
Our profit targets will be 16.37 and 16.07
Resistance: 17.00 / 17.50 / 18.00
Support: 16.50 / 16.30 / 16.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses.
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BTCUSDT - potential setupsBINANCE:BTCUSDT
Hello everyone!
🛎 Let check the trading idea for BTCUSDT
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
----------------------------------------------------------------------------------------------------------------------------
⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
----------------------------------------------------------------------------------------------------------------------------
😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝
💪 Profitable lock for everyone! 🙏
Bitcoin on the way to 24.4k as first target$BTC still following the levels & on track to $24.4k as main target.
Volume rising too, so no signs of weakness there.
Once at $24.4k main question is if we will push to $28k, or go down to continue a range.
If rejected, this will be an easy rangetrade for swing traders.
That said, $28k is not that unlikely IMO. And if we do go to 28k, the VPVR indicates the move will be quick (meaning: it will be a steep climb, rather than a gradual one).
$28k will be a bulltrap if it happens, though. Sentiments will be affected quite heavily when we near $30k as people turn bullish, but it will be the local top of a bear market rally.
So I will be aggressive when it comes to profit taking at the important levels.
Using this 1D chart as orientation for now, and serves me well.
Hope it helps you all too. Have a great day!
$BTC profitable range for swing traders$BTC moving as planned thus far: stopping at all expected levels on the 1D chart.
I'm interpreting this chart as $BTC forming and moving in a HTF range. I am not reading anything bigger (like macro trend reversal) into the recent move.
This is a profitable range for swing traders. 2017 high is strong support so great long opening, and several obvious TP points along the way. Vice-versa also being the case with shorts.