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Retest-structure

Two short term possible scenarios for BTCUSDT. From the pullbacks in BTCUSDT prices now I have observed two possible scenarios about what Bitcoin will do next. People who have open long positions in the negative now can square off their deals with minimum loss if the price really go as we have seen in the chart after retesting the trend line. But, for the safer side never forget to use Stop loss because the market is being much volatile and prices may vary with huge variations as different kind of news comes up from everywhere hitting the market. - P.S.- This just for analysis purpose.. not for any investment advice.
by harman48
We Got A Funky Head And Shoulders On Gold. Will It Play Out?Looking at the 4-Hour view on Gold, we see that we have a potential inverted head and shoulders pattern playing out. However, we have not yet seen a retrace to the neck zone (Labeled on the chart ). As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering. The extreme price of the head is at the 1782.6 support level, and for the past few days, we have been expecting the price to trend slightly higher based on the divergence the histogram of the MACD has been showing. We have seen sellers weakening. We have also been expecting the price to push the 1810 point; old support flipped resistance. We also see a nice trend line moving upwards following price. This suggests bullish movement. We also notice volume decreasing, suggesting that a strong move could soon be on the cards. So play this carefully. Always wait for a setup to present itself and come to you. Never FOMO into a position. A retrace to the Neck zone would be where we would enter a long position. If we see no retrace and price heads towards the 1810 level without coming down to retest the trendline and neck zone, then no setup = No entry. A retrace to the neck zone and trendline would provide a safe entry with a RR of 1/4. The target would be the 1810 zone.
OANDA:XAUUSDLong
by TheVortexTrader
EURUSD Analysis -Wait for Re-test! LONGWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** 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 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
Long
by BKTradingAcademy
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