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EURUSD H4: Bullish ButterflyOne of my favourite Harmonics Pattern other then the Bat Pattern. I actually took the Bat short last month at completion zone (about 1.1467) for this pair and now Butterfly is presenting another trading opportunity. That is why Harmonics Pattern is so powerful and easy to identify, perfect more traders who are newer to the scene. Look out for price if it goes lower to the 1.1219 - 1.1239 area where it is supported by the previous low and buyers' area. I am looking to place a pending order due to my trading style (I love to Set & Forget ^^). For more conservative and active traders, you might want to look out for reversal candles once price reaches the buy area and a confirmation signal/candle before making a move. Do like and share this post. Follow me if my trading style suits you as I will be updating on a more regular basis. We are a community committed to empower individuals to trade profitably and independently in the Forex Market. This is our latest Trade Ideas results for October. Subscribe to us and receive updates on more upcoming trades. forex100academy.com
Long
by TradeWithWayneYia
1
CHFJPY H1 Bullish BatBullish Bat on this pair. Allow price to drop into the buy area and to proceed with caution! I will wait for more confirmation signals before I take this trade. I see healthy Risk-Reward Ratio (RRR) on this one even at first level of take profit (1 : 1.7). Only look at trade setups with good RRR to ensure long term profitability. Do like and share this post. Follow me if my trading style suits you as I will be updating on a more regular basis. We are a community committed to empower individuals to trade profitably and independently in the Forex Market. This is our latest Trade Ideas results for October. Subscribe to us and receive updates on more upcoming trades. forex100academy.com
Long
by TradeWithWayneYia
Another Shortish Idea, Continued... Hey everyone! I am just updating my original XBTUSD chart. It is pretty amazing how it is respecting these trend lines. If we don't break through this trend line, I can see us dropping back down to 7450 - 7300 range. I have some long orders in @ 7490 and 7350. I believe that we will experience a "bart" soon going to the downside. I noticed these strange "bart" patterns a couple months ago. I have been trying to figure out how to play them. I actually thought they looked more like the letter "M". There is one thing for certain in crypto... and that is that nothing is for certain. Trade with stop losses (Mental ones if you can to avoid stop hunting), and trade with risk management. Your first priority is to protect your capital. That is all, sorry for my rambling. Good luck everybody!
BITMEX:BTCUSD.P
by porretta.matt
GBPUSD completing a corrective pattern to return downside?I think GBPUSD has not completed the bearish move yet. The current bullish intraday move still looks corrective to me. I see the formation of an expanding triangle pattern. Triangles often precede the last leg of a bigger wave pattern. Thus, I have labelled the triangle as a possible wave (iv) of the impulse wave. The upper connecting trendline of this triangle pattern provides a resistance at 1.3645 and I expect price to stay relatively below (a slight break is possible, but price must return immediately). A strong/fast break above would invalidate this setup. But, if price bounces off below (probable make a strong drop or sideway congestion), I will look for a sell opportunity. My target stays at 1.32. I love this setup for the potential high R/R. More than 1:5 if the entry is good. My Telegram channel for free trade setups: goo.gl
by elyte
2
Currently in Gifto GTO/ETH on BinanceCurrently in Gifto, GTO/ETH at Binance on Palm Beach Confidential (PBC) Report. Was in at 60.090 and took 1/2 off at 62.989 for a quick 4.8%. Now waiting for the next run. Now consolidating a bit and forming a (bull) flag. If it can break out of this flag, another leg up is in the making. 15 min. RSI fell under 60 and MACD is curling up so enough room for further growth. If you want to trade this, then here are our instructions, for the 15 min timeframe: Entry: at the break of the flag, around 61.000 Stop: 59.500 Profit: 1e: 66.000 2e: 70.500 You can take profits earlier if you want to but these are some (key) resistance levels. Good luck trading Gifto, GTO/ETH on Binance.
G
by Trade_Masters
2
Ethereum Classic, ETC/ETH Broke Out of TriangleEthereum Classic, ETC/ETH on Binance just broke out of its (long) Triangle. Consolidated a while and found good support at 35.000, which was previous resistance as well. On the hourly chart, you can see that the indicators are from its lows and curling up now. Volume is picking up and ETC/ETH is also above the 12 and 50 emas. With the coming fork and airdrop, Ethereum Classic could be ready for another run. So are you ready to trade it? If so, here are the instructions: Entry: 36.815 Profit: 41.250 Stop: 36.095 RR: 6 (risk 2% to make 12%) Since this is a day trade, you can take profits quicker and partially if you prefer. Please like and share if you found this informative and helpful. Leave a comment if you have any questions. And good luck trading!
by Trade_Masters