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ETHUSD Is Hitting The Support TL With A Bullish Engulfing CSF ETHUSD is also similar to Bitcoin just a little bit different chart, Ethereum is also at a very low price near support hitting the up trend line where the market bounced up already a few times in the past, see the green arrows, and now at the up trendline the market formed a bullish engulfing candlestick formation which is also a formation where the market is telling us that we might be ready to go up bullish, this one though have more percent potential return then bitcoin but both looks good. if you have any questions please comment or massage me. this is not a advice, you should do your own research get comfortable before you make any decision, this is just me showing you the way I review the market, if you would like more details please contact me i will surly be willing to help your out with your questions
COINBASE:ETHUSDLong
by ElyaStein
5
EURGBP SHORT -- MULTI TFA Looking for continuation of bearish trend identified on daily chart. Observed double top on daily after short uptrend movement, expecting a reversal back to the downside. Currently looking for sell signals -- ex: overbought, bear divergence bearish pin bars, waiting for price to make its way back down towards support level of 0.8370. Potential trade setup: Entry: after bearish pin bar, confirmation candle close would be entry. TP: 0.8300 zone SL: 0.8490
Short
by blessedasalei
EURJPY ANALYSISThis pair bounce from a strong resistance zone and the top of an ascending channel, making a triple top pattern. right now the price is reaching the bottom of mentioned channel,that is a bull zone. it is possible that price make an extension to the support zone below the line of the channel, that is converging with a .61 FIB level. Then we will wait to see some confirmations on a lower timeframe to tell us that the price is going to bounce and make a move to the top. For the full analysis, educational content and quality signals service, contact us on Telegram: FedericoGallo - @MrFlawlezz Instagram: @Forex_society
by Forex_Society_FedericoGallo
EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!! After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us. Monthly Time Frame - Downtrend line potential 3rd touch - Support breakout 128.803 currently on pullback - Bearish Engulfing candle: Resistance at 123.318, Support at 120.008 - Sell signal identified Weekly Time Frame - Downtrend line potential 3rd touch (similar to monthly time frame) - Support breakout 121.674 current on pullback -Bearish Engulfing candle: Resistance at 123.357, Support at 121.259 - Sell signal identified Daily Time Frame - Support breakout 122.506 - currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation. *ENTRY POINT EXPLANATION* H4 Time Frame - Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support. - Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell If this really monthly reversal movement than we might catch 600 pips more at last support 116.470 Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^
Short
by TinyFX
EURAUD SHORT TRADE: 130 PIPS POTENTIAL (SWING TRADE) SETUP CONFLUENCE Monthly Time Frame - Support breakout, Pullback and possibility for bearish continuation Sell Signal Weekly Time Frame - Support breakout 1.61597, pullback and possibility for bearish continuation - Bearish engulfing candlestick formed, range = 1.63132 - 1.60322 Sell Signal *SELL SETUP EXPLANATION* Daily Time Frame After looking at monthly and weekly time frame I conclude that price are on the way for bearish continuation. But the question is, where we might put our sell entry point?? inside weekly time frame bearish engulfing zone, we identified that at daily time frame, support has been formed and breakout. so this is where my confirmation for this sell setup. H4 Time Frame This is the part where i look for my entry point. you can see that support breakout formed and inside those there was engulfing candle at price range: 1.61751 - 1.61274 i will put my sell entry point in that zone, still confuse ?? if yes than put your sell entry point at 50% level in the engulf zone. 1.61508 Keep it simple guys!! ^^ This is my thought on EUR / AUD for this trading weeky, what's inside your mind? please let me know in the comment. Thankyouuu!! :D
by TinyFX
XRP. Love. Looking for the bottom. #3Continuing the analysis on XPRUSD. See the previous three ideas, they are all parts of the same analysis (in the Related Ideas below). The chart tells all the data. I have spoken. See the charts closer and not so much: Pay special attention to 4 facts: 1.We are experiencing low volumes(consolidation phase) for months really. (the same happened already before, many times, remember the second macro pump of the BTCUSD) 2. The current BIG last wave's correction model requires another zigzag Y-Z to be formed, for the new trend to be able to appear. Thus a bottom is still to be found. 3. Consider the very last known small wave x-y being the smaller fractal copy of the very last known big wave X-Y . See? exactly the same schematics, but the small one is disturbed by powerful already bulls. Bulls are waiting, but they have the Ace already, get it? 4. Stronger signals will come when the very last wave Z is formed. That will happen in a few weeks, not earlier. Until that moment it is safe to play short. Considered targets for the short(x10000): 2000, 1850, 1700, 1400 . Long is unsafe until at least that last xyz group reaches it's end. *Also are very probable wide-range horizontal flats for weeks, because of all the BTCUSD bull pressure. See more:
Long
by orbborisson
Bull Principle.I don't like to speculate too much, thus I am very cautious when mentioning anything further than a few days from now on into the future. This idea was born as an answer to the question pitched by fellow trader - nickrandy1 . Respect! Simply two charts. The #1 major reason why we are going sky up is mapped above - the FINISHED correction model xyzwxyzwxyz (or wyxzwyxzwyx, if it is more comfortable, doesn't matter). Divergences lie, channels lie, SMAs lie, voodoo-doll-forecasting lies as well. But this market looooves following the same proportions again and again. And the same correction models are observed over and over. The chart is screaming in our faces with accumulated groups of 1-2-1-2-1-2 waves(initial waves group, expecting multiple impulses on multiple timeframes). We are slowly but STEADILY moving up towards the Papa Ponzi's Pump(PPP) that may inflate btc hundreds percent! 9k? silly target, 100%! 10.5k? reasonable. 11.5k? good for the third target. 14k? smart to save some btc, it may pump further... 24k and even further.... (I am very skeptical on this. 11.5k sell - the way to do it) Yeah, btc may die in 5-20 years, but people live in the day. Until that moment this beautiful inflation bubble is easily pumped more and more and more. And no one is able to stop it! A perfect opportunity... If it goes as planned, this is just the end of the very first accumulation phase, out of the three expected. (1-2- , 3-4- and 5-) Consider the m30 chart: We can treat the waves (since 3 Jan) on 30m chart within the boundaries of the Wave Theory as some fully formed 1-2-1-2- legs or a 1-2-3- part of the unfinished 12345 impulse... and the 3- third wave is just getting started in any case! The 3rd wave (starts in a few days already?) should be the longest one ;) out of all three expected to form in the case of bullish scenario playing out. The previous 4k impulse: Now look at the current chart: Anyway it is reasonable to assume, that 8700 9k, 9.5k, 10.5k, 11.5k and even 14k - all are good targets for the next few weeks. New bottom is definitely less probable than some new highs right now. We are in the bullish territory, 100% confirmed. Notice the death confirmation level - 6767 . Anything below promises a 100% death for the Rally and starts a new bearish trend for the following weeks. So if we're trading above 6767 - there's still a chance for the Rally. This number is defined with respect for the very base principle of the Wave Theory - wave #2 never retraces 100% or more of the wave #1 height. The next few days may get very tense, volume-wise =). Be safe, stay bull. P.S. Fellow trader, fire that " like " button if agree ;)
COINBASE:BTCUSDLong
by orbborisson
USDJPY SELL SET UPThis pair has an interesting set up, the price is on a downtrend for the past weeks, making Lower Highs and Lower Lows, right now the price is on a converging bear zone with a strong daily resistance, a .50 FIB level, the descending trend line. To enter a trade, we will wait to see a bearish candle or chart pattern on a lower timeframe. If you want complete analysis and quality signals contact us on Telegram: @FedericoGallo - @Mr.Flawlezz Instagram: @Forex_society
Short
by Forex_Society_FedericoGallo
NZDUSD Big Short Opportunity ComingNZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list: 1. Daily shooting star with 3rd test of trendline 2. Daily RSI overbought with 4 Hr RSI bearish divergence Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550 This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
Short
by csohrab
Bitcoin: only a small rally, not turnaroundStill bearish on Bitcoin for the broad picture. 4H pin bar formed after a wild rally last night from 6800 to 7500. When there're too many shorts, a bounce justifies forcing the bearish side to liquidate their massive short positions. The overall trend is still down. For the technical part, daily RIS is turning up but on 4H chart, RSI has reached over 60. I believe the daily RSI will still wander below 50 for a long time in that no major break out volume take place.
BITFINEX:BTCUSD
by UnknownUnicorn3838311