BTCUSD strong long trade setup (short term)So, a strong piercing line candlestick pattern has emerged on the daily chart, a few days earlier, and I wanted to go long, but the technical analysis was still a bit too much on the sellers side, so I entered the 1H chart, and waited for the resistance line breakthrough, before going long.
So I went long here at 3936.27
Stoploss: 3200.00 (2 % risk of capital)
Take Profit: around the 5000.00 price, depending on the future movement of the price.
As of right now, I think there will be a short term spike up to the 5000 level.
Resitance
25/03/2017 S&P500 technical analysisThe price has increased rapidly these days, including gaps in that rise, after a clear double bottom at 2325. This has caused the price to approach a resistance that is close to 2400, which being a round number, psychologically influences as the maximum level. Waiting for a rebound in the resistance, may be most likely, but be very pending to break if the rapid rise continues.
a new resistance?2 bearish patterns
the smallest shows the possible breakout of the actual resistance.
the biggest could support the idea.
green line for take profits.
use a stop profit on the smallest pattern. in this trade is important more than ever
p.s on the other side i draw the red arrow as an other dynamic resistance
more info in next hours
Support, Resistance, and Trend for $ATNM 2/17/17This chart shows current support, resistance, and trend lines for ATNM as if 2/17. Support has increased to $1.39 as of today as evidence by multiple bounces off of $1.39 price. Resistance was lowered to $1.50 based on recent behavior. Possible wedge forming.
Short EURUSD : Double Top @ resistanceAs we got double top in EURUSD we can initiate short positions. If first swing high is also taken into account we have triple top in EURUSD and if you note the RSI it showing bearish divergence which makes the double top more valid. Check your risk Reward before entering any trade.
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Happy Trading !
My GBP/USD Range For Week 24 Of 2016From what I am expecting is that the GBP/USD will consolidate in this 1.40-1.435 zone (unless there are some new fundamentals, and with Brexit 2 weeks away I will not be surprised. This is the zone I am looking to trade the GBP/USD in, until it breaks out either way.
Anyway, expect lots of volatility next two weeks. This week is also a big one, so anything is possible, trade with care.
By the way, I am in no way, shape or form an experienced trader (or maybe not even a trader), so follow this at your own peril :)