Get started

Risk

ABCD PATTERN + DESCENDING TRIANGLEGood morning traders, cadjpy has created an abcd pattern (ab leg equals cd leg) and is forming a descending triangle in H4 chart, we' d better to wait a breakout of the triangle before opening a sell trade . in that case the stop loss could be set over 77.45 and take profit at the beginning of c leg. Fundamentally this pair is correlated with investors mood because if markets are in risk-on mode the yen will become stronger, I think this could happen because of the fear of a second wave of COVID 19 and trade tensions between USA and China. contact me to join my telegram channel where you will recieve free signals. Enjoy your trading!
Short
by Dragon_Investments
Raising the Bitcoin FlagAs we can see bitcoin had quite a nice move depending on your disposition and management. This flag forming right now is of HIGH SIGNIFICANCE, and I won't be explaining it as I fear if one is not able to interpret autonmously, neither will they be able to trade what IS GOING TO BE an absolutely CHAOTIC and RISK FILLED area, and consequently will end up REKT. Risk management, risk management, risk management. I really can not stress this enough! We are essentially nearing the end of very little space for price fluctuation, and you should know this by the drop we saw, which then rose and broke sidways forming a flag, with a recent breakout. Pay attention to trend lines and the interaction of price movement, but also the stretching of the flag to a trend line, that stops bang on the DAILY. This is so highly indicative. However, this kind of movement and the 'FLAG' we have right now, correlated with recent price action, with cross-correlation to historical trending and price action; SHOULD be able to inform your position with a bit more clarity now. This is an area I would advocate to so many to sit out, and simply watch it play out as YOU WILL NOT be missing out. However, trade this with risk management as the primary consideration and this will be A HIGHLY LUCRATIVE trading zone. Good luck
by UnknownUnicorn6513259
Breakthrough already!!! - I'm bored of waiting! ADA to the MOON ADA /USD is at a key area right now. With all the positive news coming from CARDANO recently and the success of Haskell Testnet so far; things look very promising for the future and the rest of this year! We are looking for ADA to push and close above this UPPER trend line on the Daily. This could happen within the next 24-72 hours. Which could mean the bottom has been; and we will start to rise up never to return :P I'm expecting Rocket 1 to play out, but Rocket 2 is a strong possibility also. I feel Rocket 3 is unlikely due to the fundamentals and technical analysis surrounding Cardano/ADA right now. However, if some news comes out to strengthen the USD in the short term, then this could of course happen. A close on the Daily below the bottom trend line means we have been unsuccessful this time and Rocket 3 has won. OveraLL THERE IS A GOOD RISK/REWARD RATIO HERE. Play it safe, don't over leverage and use a stop loss.
BINANCE:ADAUSDLong
by What-Crypto-Dude
GOLD Equilibrium| Structural Resistance| Trade Set UpToday’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break Points to consider, - Confirmed break and retest for validation - Define risk at recent swing low - Technical target at HTF resistance - Price action to monitor Gold needs to break its current resistance and establish a retest which will allow for a long entry. Risk will be associated with the most recent swing low as this is a breakout trade with a quick invalidation. The technical target is association at structural resistance, strong pivot area where price action can help with the directional bias. Overall, in my opinion, GOLD will break out of this equilibrium; a long trade will be valid upon a bullish break with the technical target being structural resistance. A break below support will invalidate the trade setup What are your thoughts? Please leave a like and comment, And remember, By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.” Larry Hite.
TVC:GOLDLong
by AzizKhanZamani
2
AUD/USD: Price & VolumeThe Australian dollar has rallied as we continue to press the idea of the 0.65 handle. That being said, the market is most certainly running into a lot of noise in that area and with the jobs number coming, it will be interesting to see how this plays out. We continue to see the 0.65 level offer a lot of psychological and structural resistance. At this point, it is highly likely that we are going to see this market continue to melt away from this area, and it is difficult to imagine that the market will simply shoot straight through it and make a fresh, new high. High Volume is forming on the 4 hour timeframe indicating a move to come shorty. Resistance forming opens up the possibility of a move down to the 0.63 level. That is an area that could cause a little bit of support, and a breakdown below there could really open up the floodgates to a much bigger move to the downside. At that point, then we are looking at the 0.62 handle, and eventually the 0.60 level. Australian dollar is highly levered to the Chinese economy, and even though China is back to work, there are not that many people buying the products. In other words, things are going to be very uneven for some time, and that of course works against the value of anything risk appetite based.
Short
by CeoCodes
4
BTC: Making sense of what's about to happen.))Hello eveyrone, I hope you're all doing well. This is tuned to long term investors or swing traders. Btc has gone up incredibly. While I'm not invested in Btc for fundamental reasons, I want to share my understand of the technical analysis. We all know Btc halving is about to happen soon. I just wanted to see where bitcoin core might continue to go up or have a bearish army waiting. Trendline 1, is from the ATH to previous big high. We need to see a few days in on how this will play out, including the halving. Trendline 2, is the bottom after the ATH, it's only fair. I put a circle on how I determined the best trendline. I put an X near the latest low because of COVID19, so I'm not going to ruin my whole analysis because of a pandemic, and if you look closely it basically removes the wick of the candle. I'm willing to take the risk with Trendline 2, cause if I buy at trendline 2, id be better off than buying the breakout at Trendline 1 or 3. Trendline 3, this is a more recent high trendline. Trendline 3 cuts through the recent $10,000 price, I think thats a good trendline, nothing in the market is perfect. This trendline breakout might be an indicator of an early fake breakout. I'm not lookng to be right or wrong, I am just trying to play out possible scenarios so I can be ready for as many scenarios as possible, insuring my investment is safe. I also placed a fibonacci, you can see I removed the bottom lower lines because I don't like a cluttered chart. Most of my analysis is looking for the trend or reversals. Entry decisions are simple, enter in the dip. The trend or reversal point is my biggest point of interest. Entry is the simple part for long term investors. Let's see what happens over the next few days, I can't wait for the halving. Please like, share and follow, I'd really appreciate it. I hope you found value in this analysis. I have also related my Bsv fakebreakout, and 'buy low, sell high' explanation. Safe investing ))
BITSTAMP:BTCUSD
by JacobTrader100