Touch
BZRX, Touch Support againBy fixing a few candles in the charts above the support line, we can be ready for growth.
BINANCE:BZRXUSDT
Support Break 1st Trendline, Need 2nd Trendline for Downtrend.USDCAD trendline support break after 4th touch. In my calculation, first break will make 2nd Trendline. Current price need to make make pullback first, then after that can draw 2nd Trendline. 2nd Trendline break, then will make downtrend possible. Looking at possible pullback (buy) at reverse fibo 0.618
BTCUSDT Short BTCUSDT (D,240) Short
After 13657 USDT we didn't have an HH sequence, Price tried to go low beyond 13657 but couldn't able to make it because it came back up aggressively and hit the top of the range forming the 4th touch. I could see the momentum clearly dies between 16000 USDT and 16500 USDT, the last buyer is taken out aggressively and I could see wicks on the top which indicates that price doesn't want to go HH and selling pressure is coming in So, I would like to short this trade, as a matter of fact, I am doing a counter-trend trade. So, a bit risky in my opinion. But Risk Management will save me as I have kept a wider SL.
Entry: 16010
TP: 14082
Stop loss: 17453
Position Size: 1% Risk on your capital/1443000000
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 18% profit.
Buy from Sellers and Sell from Buyers.
EURNZD weekly touch tradePrice just touched and reversed from yearly pivot and trend line. We have also some minor resistance, bearish divergence, fibo levels and 150MA + daily chart shooting star candle formation. This could turn out to be very strong move downwards. I entered exacty on pivot level with tight stop just above it. Another safe entry would be just under recent 4h chart support.
Keep in mind incoming fundamentals.
Apr 14, 2014 | EURUSD | Squareball X Pattern + Touch of Retrace!The unusual but legendary squareball X pattern hints a nice bullish up-move coming with a touch of a retracement to begin the move. The bearish correction (retrace) would end around 1.3754 followed by a nice bull rally all the way up to 1.424, and beyond. Watch for fakeouts, have fun and tread carefully! :D