GBPUSD - LONG (DAILY RESISTANCE BROKEN)good evening traders, this is my setup looking at the GBPUSD. clearly shows a nice strong trend that has now pushed the barrier of the daily resistance level. can we look to push forward? i'm looking to plant my seed where shown on the chart and the signs during this pair shows perhaps my little seed shall become the full plant over the giving time! let me know what your thoughts are? perhaps show me some further detail on what you think? thank you!
Strongtrend
Bitcoin - 10 Days Ahead Swing Trade - 31 March 2022BITFINEX:BTCUSD correcting as expected. In the next couple of hours, the price will reach a region of $45'000 and will find strong support. In the past weeks, there was a wedging consolidation, which connected two major waves - wave 4 with wave 5. I think wave 5 by Elliot Wave Theory started and there is a huge probability for a strong quarter and reaching levels even above $100'000.
In short term coming uptrend is confirmed by:
- On 1-hour time frame correction is Zig-Zag
- Dynamic support trendline on 1 hour TF
- Tests of previous swing highs
- Confirmed price action from daily & weekly
If you have any questions related to this trading idea I will be happy to provide you with answers.
Communications is KeyIn my honest opinion here. When looking at S&P through RRG, Communications sector XLC looks really good long term. Short term watch out as we could go as low as 70's or more before the bounce. But this should offer a nice low point of buy in, providing the FED does not mess it up. Pay attention to Communications news over this time span. maybe a week or two max.
strong analysesstrong analyses
as you see price hit the lower line of uptrend channel
good time to buy
target is upper line of Channel
GBPJPY Mythical Rising Bullish Flag Patternwww.marketoracle.co.uk
images.app.goo.gl
Above are links to an experienced Trader seeing these patterns during strong trend moves repeatedly over time. Although this is a pattern we don't usually learn about I find this pattern to be falling along with my technical analysis and trend analysis. Pretty cool to see a pattern that is accurate and not usually taught. Just waiting for that breakout!
AMZN substantial moving picture.The AMZN is planning a follow-up to the successful line move towards up is a directionally oriented position generally opposite to that of the pull of gravity.
Trading in the direction of a strong trend reduces risk and increases profit potential.
--4 hour time frame--
In four hour time frame the stock is moving in its range.
--1 weekly time frame--
1 week chart there is a break towards up-direction.
Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart .
TLT t.a. & set up 9.21.19TLT is showing signs of an overall uptrend pattern since Nov '18 on the daily timeframe.
TLT price has a history of "breaking into a strong uptrend" after the following pattern/sequence is met:
1. EMA21 fails as support during a pullback, signaling a potential dip buy opportunity
2. Price retests EMA21 as resistance and then breaks back above it, signaling bullish momentum
3. RSI level breaks above it's own SMA50, signaling a strong uptrend may follow
A potential entry could be; price remains above EMA21 & RSI confirms a break above the RSI SMA50.
A potential exit target; when RSI level becomes overbought near 70+ level @ +2.5%
A potential stop set at; any "end of day" close below the EMA21 level @ -0.50%
LONG position offers good risk/reward ratio of 5:1