Reverse
EURUSD Watch for Bounce from Demand AreaWelcome back! Here's an analysis of this pair!
**EURUSD - 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
ALGOUSDT needs new liquidity for the reverse trade
The price lost the monthly support and now the price is going to create a falling wedge on the monthly support.
The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse.
On the 4h timeframe the price is testing the support above the demand zone.
How do you approach it?
IF the price is going to have a breakdown from the 4h support and grab new liquidity, tra According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BTCUSDT inverse Head and ShoulderHello traders!
BTC has formed Inverse Head and shoulder pattern and the Neckline is also broken.
Selling from here has higher accuracy than buying an Inverse H&S pattern.
This drop can break the bottom.
Don't forget to hit the like button and follow to stay connected.
XRP: Good time is comingHello traders!
The XRP was not able to move up with the rest of the market and still, bulls are not in favor of XRP but there is hope.
If we see a strong bullish pattern like bullish engulfing/inverse head and shoulder or any other pullback pattern then we can go for a buy after a channel breakout if there is a smooth fall then we will look for a better opportunity to BUY XRP because there can be a free fall in XRP and no one knows where it will end.
Don't forget to hit the like button and follow to stay connected
TRADE OPPORTUNITY – LUNAUSDT Bearish channel 1hAfter a big rise on the daily chart LUNA is looking for the bottom to continue its trend giving us a great buying opportunity.
Indicators Used
*Fibonacci retracement
*RSI lvls
*MPVR
About the BEARISH CHANNEL graphic pattern
Channel of a pattern where the asset loses funds but has no downtrend continuity. It shows a depletion of buying force and tends to break out to the upside reversing the trend of its timeframe.
Current scenario
As everyone knows, no asset goes up forever, needing to create funds to maintain its uptrend. Luna has been in a strong uptrend for months on the daily chart always looking for bottoms when the RSI on the 1h hour chart goes into oversold. Now we are forming another fund, a great opportunity for purchases.
Strategy
Buy at the bottom formed at 1h in oversold.
Using RSI lvls we can see the buy range where the 1h chart goes into oversold and marked with the yellow box. In the middle of this region the MPVR points to a strong support range at the value of 106, which indicates an excellent entry point. The value of 106 also coincides with the Fibonacci retracement, where 0.65 at an excellent entry point called the GOLDEN LINE.
Conclusion
As I always divide my equity into 10 shares and position within the yellow buy range to get the best average price, however, this time I will focus more heavily on the value of 106 due to MPVP. As Alt Coins are extremely volatile I will protect myself from an unlikely, but possible flush up to 100, a strong psychological number, positioning my STOP just below.
The exits I mentioned before are made partially at each strong resistance, however if the uptrend remains strong I will make a partial gain on the first resistance and I will stop making partial gains by raising my STOP at each bottom formed at 1h to try to surf the wave .
Bulls are really back on BTC?Good weekend everyone,
If you follow BTC with the Kijun Trend Indicator you have noticed a major breakout in the price in the last few days.
Yesterday the indicator confirmed the long signal after a few days of consolidation.
This could be an indication of a trend reversal, please monitor it and pay attention to the shadows.
Thanks for your attention, happy to support the TradingView community.
Reversal Imminent? NASDAQ:SOFI Been speculating that we are past the bottom of this current downtrend. Upcoming earnings/guidance coupled with being granted a bank charter may be catalyst enough to complete a reverse head and shoulders pattern and make its way back to the mid $14s for the completion. Volume declines have been consistent with the classic pattern and will be looking for an uptick in buying pressure soon to see this through. This would also indicate to me a potential reversal. This may present good buying opportunities in the mid $14s.
Not advice, this is my own speculation
Wanna identify reversals? This video shows how I do it :)The time is going to be coming soon when the market is going to go back to a bull market. But what if you could identify how to find those reversals yourself? In this video I go over how I use TA to find VERY important reversal and breakout zones. Enjoy
XRP - The Trend Has Started To Reverse To The UpsideXRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind.
I am not a financial advisor so none of these should be taken as a financial advise. Be well.
BINANCE:XRPUSDT
EUR/AUD - LongWeekly:
We have Double bottom formation and the price last week brake the resistance/neckline. Now pullback for test it.
Daily
Here we can clearly see the impulse with brake point.
4 Hour
My entry is close to the neckline with R:R 1:3
My SL is protected by 4h trendline and support level.
This is not financial advice!
SMURFIT KAPPA BULISH TREND TO COME ?We can see on the chart that there is a reverse hammer, but we still need a confirmation too see if it is going to be an uptrend or a downtrend