Get started

Trendcontinuation

Likely continuation short term pattern.Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade accordingly. More likely the short scenario will play out: Target 1: 6100$ Target 2: 6000$ Target 3: 5700$ Target 4: 5100$ Target 5: 5000$ Stop-Loss: 6600$ If the long scenario plays out: Target 1: 6750$ Target 2: 7000$ Target 3: 7500$ Stop-Loss: 6300$ Risk safely, be patient, be brave and may God be with you!
BITFINEX:BTCUSDShort
by g0dfath3r
2618 Sell Pattern USOILUSOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots ABC is also anticipated to attract supply around these levels. This is a pullback trend continuation play with a decent R:R but lower probability. Worth the risk as per me.
TVC:USOILShort
by Zoen_Trieste
7
EURUSD Trend Continuation ShortEURUSD is gaining bearish momentum after hitting the 0.618 fib retracement of last bear leg and reaching the upper MLH of inside fork based on the entire bear move since its peaking. The market at this point normalised the oversold condition and the 4H 150 MA is reached, making it a perfect spot for trend continuation players to step in. Selling 1.1790 with a 55 pip stop and looking for a 2R target around 1.1780 seems reasonable - worth a try.
Short
by Zoen_Trieste
NZDJPY : BUYOANDA:NZDJPY TRADE PARAMETERS Pick Date : 06/11/18 Plan A Entry : 76.83 Stop : 76.63 Target : 78.99 Plan B Entry : 76.39 Stop : 76.19 Target : 78.99 TRADE STRATEGY Income Type : Swing ENTRY Plan A is a fresh 1H demand zone RbR nested in a new 1D demand zone created on the last move up. Speculating a continuation of the bullish trend . Will be doing a set and forget limit order. One can enter in the zone at just use risk management and position size accordingly with the suggested stop. My entries are more conservative. Price will need to have a strong move into the zone for things to work accordingly. Plan B is also in place incase it blows the stop and hits the next zone. Plan A could be a bear trap. STOP 20 PIPs right outside of the low for some protection. TARGET About 200+ PIPs up in a fresh 16H supply zone, that can be a headache.
Long
by 33788
USDJPY : BUYOANDA:USDJPY TRADE PARAMETERS Pick Date : 06/07/18 Entry : 109.44 Stop : 109.24 Target : 113.42 TRADE STRATEGY Income Type : Swing ENTRY 109.44 is a fresh 5 min demand zone RbR created on the last move up. Speculating a continuation of the bullish trend. Will be doing a set and forget limit order. One can enter in the zone at 109.52 just use risk management and position size accordingly with the suggested stop. My entries are more conservative. Price will need to have a strong move into the zone for things to work accordingly. STOP 109.44 is 20 PIPs right outside of the low for some protection. TARGET 113.42 is about 400+ PIPs up in a fresh monthly supply zone.
Long
by 33788
USOIL Bears Are Back With VengeanceMy previous USOIL trade setup failed dramatically. Losing trades are regarded as a business expenditure once risk management is set up properly. It seems USOIL is going through the long-awaited pullback to bring this market back to normal state form being way too overextended. I anticipate bears will try to take this down to around 6750 where they will potentially take profits en masse, thus attracting trend continuation players. It seems reasonable to monitor that area for potential pullback long entries with $1.75k risk and $5k return per lot. This is a lower probability setup with exceptional R:R - worth a try.
TVC:USOILLong
by Zoen_Trieste
EUR/JPY Melting !!!!Hi Guys, Just an update on our EURJPY trade using our trend continuation strategy ! EURJPY Retested our 200EMA and price action was formed perfectly creating the potential from further downside, we currently remain short from 131.19 and have moved our stop loss to BE + Spread, with our take profit, still targeting the previous swing lows - When it reaches we will look to top slice / crystalise some of the profits, and llet the balance run to capture further profits / exploit the EURO Weakness and JPY safe-haven strength !!
Short
by UnknownUnicorn2262924
>> GBPUSD << An area to look for both partiesDear traders, Look at the chart for more information. Recently we have been pushing up, creating a valid bullish trend, we are now looking to get involved, trend continuation as well as counter trend trading setup. We expect to see some reliefs from buyers stepping in and sellers taking profit from the previous downward move. We are looking to get involved in the red zone ( shorts ) and possible to get involved in the green zone, if the market gives us a reason to long this pair, making it a trend continuation setup. So be on the lookout for those 2 levels and I will see you in a couple of weeks to update this one! Like, comment and subscribe for more!
by xMatty44
Next break in the BTC bearish trend! We're getting close! The resistance at $8400 has been affected and we will probably test it again. In the case of a break of this resistance, we could have a rebound between the long term $8700 resistance with a return on the $8400 before being able to really know the long-awaited break and hope for a new growth. Be careful however with the configuration shoulder head which could come to break the previous growth. However, this kind of configuration has already been contradicted and could already be seen in bullish continuation forms.
Long
by Ben_4C