rising wedge formation and 1d stoch overbought. good risk to reward ratio, stop loss 0.42 but be careful, China second largest world economy is open, shorting coins now is very bad behavior
qml strategy would never let me down that's the nice one check this up
I anticipate sells down to the low coming of a pullback which has most likely finished and price is ready to return to the downside.
Hi Tradingview, BINANCE:EOSUSDT EOS Has been trading in a descending channel for the past 15 days. It is currentyly at the top of the channel and it looks to have rejected a breakout. We can confirm this by looking at the candles designated with the gree arrow, 1. it rejected the white support line, 2. rejected .236 fibonacci line.
BYBIT:XMRUSDT.P XMR has shown significant weakness in the last week. - Breakdown of ASCENDING WEDGE - Could not hold .618 Fib level - TSI (True Strength Index) crossing indicating continuation of the downtrend - CCI is in the oversold area however we believe the trend will continue Stop Loss: above $134.35 Take Profit 1: $129.20 Take Profit 2: 127.45
Looking at price making a push to the downside to either give us a nice short back to 0.99 or just catching a small retracement before then moving higher. Before taking this trade I want to see a bit more price action around this resistance area! Looking for even star formation on the 1-4 hr or a right shoulder second rejection..
Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..
Hey guys, hopefully some of you may have got entry's on this one, I think I've covered it at lest 10 times ahah, if your not in a position look for a retracement and the next leg.. simple market structure!!
Have been watching very carefully around this resistance of 1.38 on USDCAD to see how price reacts. We have now had multiple rejections and another (FAKE?) push through followed by price quickly selling back off... we sometimes see these fake moves (breaking through levels) to catch the early sellers before the big moves happen... is this the situation with...
Looking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
Entry : 11740.88 Stop loss : 11976.74 Target 1 : 10833.75 Take profit : 10666.13 RRR : 1:4.5
Price rejecting the resistance of 142.000, so I'm looking for a push down to continue a downtrend. Don't really respect trendlines, its just there to give you and idea of the current direction... Always remember to risk manage first and leave your emotions aside, If price doesn't show rejection from the highlighted zone do not take entry's!!!
Looking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very...
Looking for price to continue last weeks move and make a quick move to the downside, I'm expecting this push up move to be the retracement so first target 1.02000 then possibly further.
As explained waiting for the retracement after missing the big move down, so a couple highlighted areas that I'm looking at hopefully getting a position to make the next move down. I'm targeting the area of 0.67000 at least as this is a huge support and price should magnetize to it.
Looking at either a longer term continuation push up or a possible right shoulder reversal. Two areas to look at buys and sells from, another rejection from 165 will see price push to at least 166.100 for either a right shoulder or push further and possibly make a new leg higher.
We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.