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Rejection

ETH - The Road Not Taken!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETH is overall bullish from a long-term perspective trading inside the brown rising channel. ETH has been stuck around the lower brown trendline for a couple of weeks now , in an accumulation phase in the shape of a symmetrical triangle marked in orange. For the bulls to take over, we need a break above the last high in gray and upper orange trendline. Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple) Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement. That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost! Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSD
by TheSignalyst
38
EURJPY - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. DAILY: Right Chart EURJPY is approaching a strong resistance in green and upper brown trendline so we will be looking for sell setups on lower timeframes. M30: Left Chart EURJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone) Meanwhile, until the buy is activated, EURJPY would be overall bullish can still trade higher inside the green resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
14
EURJPY Analysis I Rejecting Strong Resistance Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
KCS - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline. Moreover, the area 15.0-16.0 is a "Resistance turned into Support". So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline. As per my trading style: As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
EURJPY Analysis I How to Trade This Week!Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
1
XRP | A Tale of Two ForksThey say "hell hath no fury like a woman scorned", (a misquotation from English playwright William Congreve (1670-1729)). Had XRP been around during those times, Mr. Congreve would probably have used her as a focal point for unbridled and reactionary contempt instead. Long or short, the probability of getting rekt is quite high with XRP but if you understand what she is then you're much safer on the long side if you DCA and know that the likelihood of her coming back around is pretty high. Philosophy aside, we all like convergences and high probability so what I've found is that if you can find common areas of interest, she'll play nice with you. I see two plausible forks in conjunction with a Fib channel down and then lastly (least reliable of the the three) a Gartley as icing on the cake. Take into account OBV as an oscillator, then she looks like a fascinating bird indeed. If you take the overlapping and most common areas of interest then you can comfortably estimate a DCA long entry. I personally like XRP at the areas where we see the following: 1. midline of down fork 2. bottom channel of up fork 3. the 618 Fib level on the down channel 4. "C" on the Gartley 5. 50 EMA as resistance 6. VPFR mean as resistance 7. OBV as a measure of being oversold Again, a DCA long won't hurt too much if you end up crossing her since, like any decent hurricane season, she's likely to come back around at some point. Have fun with her but respect her or you'll get the wrath yo :) As always, * * * Not Investment Advice * * * Stay frosty my friends.
by FudBox
4
Higher Trading Range Currently Unsustainable!We've seen BTC attempt to stay in the higher trading range but quickly gets pulled right back into the lower range. I am not bullish on bitcoin until it can trade in the higher range and shows the strengths of breaking out of that one as well. This is essentially a continuous fake out or bear trap happening. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
4
GBPUSD - Double Bottom and Divergence - Up-Movement expected*** Trade at your own risk! *** *** Not every idea is traded by us *** Hi Traders! Here is our analysis on GBPUSD! The market is moving in a Downtrend-Channel on the daily TF. As you can see, we lastly had a higher Low on the daily TF, which is a first indication for bullish strength. After that, the market went higher, came down with high momentum, came up again and made some lower Highs and was rejecting for a while, before the Trendline broke bearish. The price fell down with high momentum, then a strong Rejection Candle stopped the movement. Price made some Pullback and came back down again, where it is now and rejected the price again and also made a double Bottom. Additionally, we have a medium bullish divergence here. With the indications of... the higher Low --> First sign of bullish strength Strong Rejection Candle Another Rejection Candle --> Double Bottom and Medium Bullish Divergence ... we expect an Up-Movement. If you want to understand any aspect deeper or if you have any other POV, we would be happy if you share them! Thanks and successful Trading :-)!
Long
by swissmoneymakers
AUDCHF - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. AUDCHF is overall bearish trading below the red trendline. Moreover, the green zone is a strong support turned into resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As AUDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5
BTCUSDT is testing a key levelThe market is very nervous due to the Russia and Ukraine conflict. From my previous idea() , we made more than 12% and now the market is testing the first important level on 0.886 Fibonacci level and static support. We could see a bounce until the daily resistance or a new false breakout from it with a retest of 37k as well. How to approach? We are waiting for a retest of our structures for a new bearish impulse until our key level is around 33k. 33k is a weekly support and it's so important, so if the price is going to have a retest and it will satisfy our rules, we can look for a new short position or increase the existing one. The scenario is invalidated above the 40k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
10
dYdX (DYDX) Buy ZonedYdX (DYDX) Buy Zone -------------------- BIAS Mid-Term : Neutral Long-Term : Bullish Risk : Medium Spot and Low-Leverage dYdX that retested its $5.25 zone. Support before rejecting it with strength, meaning we could be heading towards our formed long-term highs in a matter of months. -------------------- $DYDX/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 5.25 - 5.6 TP 1 : 5.75 TP 2 : 5.98 TP 3 : 6.25 TP 4 : 6.43 TP 5 : 6.6 TP 6 : 7 TP 7 : 7.8 TP 8 : 8.55 Stop Loss : 5 *Maximum 5% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
2
USDZAR 15.13150 + 0.09 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this.. - Looking for short entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
GBPAUD | perspective for the new weekThe Pound has been trending higher since the beginning of last year and has since been rejected at A$1.915area on two separate occasions (August 2021 and February 2022) thereby leaving a clue for selling opportunity if the price does not break out of this area. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Top) Observation: i. Zooming in on the daily timeframe, the visual representation of a line drawn under pivot lows reveals the prevailing direction and speed of price action in the last 3 months. ii. However, after testing the major supply zone around the A$1.92 area; price action appears to began a spiral downward a phenomenon that wants to be similar to what happened in August 2021. iii. The appearance of a double top structure within an important supplication (A$1.92) area appears to be confirmed when price did a breakdown and retest of its neckline in the last couple of weeks. iv. In this regard, I shall look forward to a breakdown of the trendline for confirmation to open a short position on this pair in the coming week(s). v. Hence, the below trendline remains a comfortable area to sell the Pound... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 400 pips. Risk/Reward : 1:3 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPJPY Analysis Welcome back! Here's an analysis of this pair! **GBPJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy