EOS/BTC update.Hello Traders
Today i am gonna be doing a quick update in EOS/BTC who is following exactly our trade points from last week.
The price rejected the long term resistance line, and already made an pull back to these important support level and founded buying orders.
Nothing more to do now! A long entry only above the Resistance line and short position if the price goes bellow this important support level. We can expect sideways moviment from now.
Please push the like buttom and follow us on Tradingview.
Sideways
Trade Ideas Analysis: NZDJPY SidewaysA sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade.
Trade has engaged and if you really want to get into our community, check out the link(3) on my signature below.
Don't miss this great trading idea.
UTX Breaks to the UpsideAfter a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
GBPUSD-Weekly Market Analysis-Feb20,Wk2An ABCD pattern setup as a countertrend trade within the buy zone on a sideway setup. Well, simply means, target extension is not highly recommended but if you like to do slight target extension on the second target, it is possible, you just have to watch closely on how it reacts on the original target.
You can also simply look at my trade ideas on signature link(3). Don't miss the next setup like you did when I've shared last week setup, 210pips of total profits gain in a single trading ideas. Wooot
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
GBPJPY: moving sideways, possible scenarioGBPJPY moving sideways since December last year, joining bulls from around 142.6 price level with 142.1 stop and 144.1 take-profit provides decent R:R (3:1).
Keep in mind that this idea might be realized in several days and opening long position in GBPJPY results positive swap.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Trade Ideas Analysis: EURUSD S&REURUSD is entering a sideway bounce or to some, it is a rectangle formation. Either way, the market will get out form the consolidation in either way. Breaking and close above the resistance or below the support.
It does provide the countertrend trader with a great Reward: Risk if trader considers to Long the market.
Do your own analysis on this and to receive the levels I'm looking at, check out the link on my signature(3).
RBL - waiting for direction
RBL bank , one time hot favorite for the investors reminds me of the phrase rags to riches.
I have enlisted the various years in which the trend lines have been very helpful to ensure wise money management by fulfilling one of the 2 investment rationales
1. Buy Low, sell high (knowing the various trend lines helps to know where a low could be and where a potential high could be)
2. Cut your losses if the trend has changed and be wise to relook at your strategy. They don’t say for nothing that Cash is King
In the year 2020, price has largely moved within the price range of 310 to 390
A close above 2019 resistance line of 413.90 may give us some sign of potential change in current trend which seems to be sideways.
Will be posting more notes on this in a later chart too
Keep looking for more.
Please share a thumbs up if you like what you see and you could also share your comments in the section below
Trade Ideas Educator: USDCAD GartleyA bullish Gartley is waiting for a complete setup. The aggressive trader can wait for a double bottom on the 1-hourly chart for a buying opportunity, the conservative trader could wait for the confirmation of the Potential Reversal Zone(PRZ) for a buying opportunity.
The overall trend is moving towards a sideway market.
EURUSD-Weekly Market Analysis-Dec19,Wk4The daily chart on EURUSD is a bearish trend but on the 4-hourly it is a sideway market.
A bearish shark setup has trigger driving the movement past the 5-0 pattern. At this moment, I'm waiting for a double top on the 1-hourly timeframe with an RSI Divergence to engage a 5-0 buying opportunity.
Check the link on my signature to access all my trade ideas.
Trade Ideas Position: EURUSD BatA bearish bat forms up within the supply zone I was waiting to engage after a retest of a double top, sweeten the deal.
What's better, this setup is within the supply zone of a bigger bearish bat pattern(that displayed a warning sign) on the 4-hourly timeframe(link can be found below).
Trade Ideas Position: AUDUSD SharkRested on the daily chart major resistance, the bearish shark pattern has formed and shared the same level as the deep gartley setup within the same timeframe.
Will be trading as a shark pattern as this is spotted before the gartley. Pending order set for this countertrend setup.
EURUSD-Weekly Market Analysis-Dec19,Wk2The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too.
Because once market reaches the 1st target I will have no downside, only upside.
GBPUSD-Weekly Market Analysis-Dec19,Wk1A roomful of bats. that's what I love to call it, but do note that if the bearish bat is activated the bullish bat will be invalid.
This also means that the market may move into a sideways consolidation.
Within the supply and demand zone prices are expected to have rebound.
GBPCHF out of a 5-week congestion period!GBPCHF seems to have the necessary strength to get out of a 5-week congestion phase. that is quite unusual for such a volatile currency pair.
Buyers seem to push the price higher, already attempting once to break the resistance formed by the sideways trend. Bad news is that the price is currently also forming lower highs, showing a very tight pennant on the chart.
In this case, we need to have a second confirmation by buyers, so we will wait for a stronger action that would push the price out of the long term sideways trend and the short term pennant.
Trade Ideas Position: NZDJPYA bearish shark formation forms inline within the minimum requirement.
I will wait for a close of the 1-hourly candle and plan in for this countertrend trade within the sideways bounce setup, did I not mention it is also a bearish bat type2 setup. It will be a stack trade.