EUR/USD Long position: confluence rejection after a retestEUR/USD Long position:
after rebounding on the weekly gravitational-trend and a very strong support.
It is clear that EUR/USD will start bouncing again at the top highs after a big accumulation that comes across a very sensitive strong support and a confluence rejection after retesting the gravity-trend of the triangle patterns.
Retest-structure
Trendline Break & Retest | BUY STOPAfter having a clean break of our descending trendline, the market finally decided to retest it once again providing us with a potential long opportunity.
Simple trade set-up:
BUY STOP @ 1.05360
SL - 1.05162
Target 1 - 1.05520
Target 2 - 1.05779
This is NOT a financial advice, trade at your own risk!
Buy Now AUDUSD I targeting the market will push up because of the retest and uptrend.
Set
TP - 0.65322
SL - 0.62503
Focus on buying AUDUSD.
Reason:
1. Uptrend Parallel Trend in H2
2. Price has never reached this low since 2003
3. Price retest on the green zone.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Rising wedge after the break out? #bitcoinSo far the calls have worked out 9 out 10. not bad.. This one is looking like a rising wedge and a break down to retest either 6.3 or 6K. Somewhere in between there.
What are you thoughts? I'm shorting for the short term then a bounce off the 100MA. This will allow a small cool off period to take back off. Still bullish after the short
Please let me know what you think below. Please leave your comments, like and follow my page.
Thanks in advance
-NCCM
FED Providing Volatility | Technicals Still ValidFUNDAMENTALS:
The market's opened up on a rough note Monday morning, but later during the day the Federal Reserve announced another QE program which boosted all the markets upwards in general (including Bitcoin). Later following those news, we saw Dow opening with 300 points below, despite the Fed's stimulus move, which ultimately pushed down Bitcoins price from the 6600 zone. These are the fundamentals that provided volatility to the markets, but our technicals worked out perfectly as well!
TECHNICALS:
After the breakout of the 4H ascending trendline, we were waiting to see it pullback and retest it in order to enter further shorts. This played out perfectly today as we saw the rejection of 6600, which also happened to be exactly on the trendline edge! Currently shorts are active and we want to see Bitcoin break below 5600 to confirm further downside.
Updates will follow!
This is NOT a financial advice, trade at your own risk!
Trendline Broken | Bears ConfirmedWe have finally broken below the trendline that was formed and respected since May 13th as mentioned in the previous posts. It is now looking very strong for the bears. I am expecting to get a pullback towards the broken ascending trendline to enter further short positions. Next week we might see Bitcoin drop very hard so buckle up everybody, we are going for a ride!
Keep in mind that this isn't the strongest break and there could be a slight risk of this forming into a fake-out on higher time frames (4h & daily). Just take this into account as well.
Updates will follow up shortly regarding the entry!
This is NOT a financial advice, trade at your own risk!
USD/JPY: Outlook and great OPPORTUNITY!Hey tradomaniacs,
welcome to an outlook for USD/JPY.
We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone.
This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio.
Still it is important to see a confirmation for this setup since a potential S/H/S-inverse could cause a break above the trendline for more bullish momentum.
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
AUD/CAD: Day-Swingtrade-OpportunityHey tradomaniacs,
welcome to another free signal of Week #45 Nr.1!
How to trade: 1. Wait for a confirmation before you sell.
2. We want to see a rejection at the current resistance.
3. After rejection - SELL!
Notice: It is possible to see a retest of the trendline before market goes down.
This would be our alternative sell-price.
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Type: Day-Swingtrade
Market Sell: 0,90800
Stop-Loss: 0,91125
Target 1: 0,90469
Target 2: 0,90207
Target 3: 0,89877
Stop-Loss: 32.5 pips
Risk: 1-2%
Risk-Reward: 2,91
Alternative price to sell: 0,90945
Alternative stoploss: 0,91290
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
market structure break and retestso we see that structure previously broke a 1h high and did a retest with a solid engulfing pattern candlestick: i honestly think this can be a swing trade over the course of the next 2-3 days for a strong buy: i have my stop loss in place as was and i have my targets mark we will wait and see what happens if this means trend will continue with the break or not
Market structure retestSo we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as they are key to my trading ideas and swinging for hours on end im anticipating on holding these trades till tp gets hit or i will have a trailing 200 pip tp @.69530 once price gets to 69.430 if price struggles to break the .69530 then i will move my sl to take profit. feedback is welcome