ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4304
TP: 0.4111
SL: 0.4450
Bias: Short
For crypto our bias is not strong for any specific direction. Current price patterns do not signify any pattern strongly. We had better look for better opportunities in future and should not over-indulge in current set up.
Trendpattern
BTC - BITCOIN LONG TERM VIEW!Without going into to much detail I've got 2 areas that I like the support from... major area of 12000 which was the high of 2019s bull run and the area we are currently struggling to break through at 20k which was the high in 2018. I like the idea of short term positions from 20k but I do believe we may make one last push down before bringing the bulls back in control. Many outside things affecting the price at the moment but been a crypto currency we have huge potential for long term plays. This is just my view so make sure you do your own analysis and research.
USDCAD - READY FOR PRICE TO EXPLODE!!Looking for price to make a continuation hopefully off the back of some USD strength, as I've covered fundamentals can change things very quick but if you can get a position before anything affects the market you can give yourself the opportunity to catch huge moves! Trade smart and keep on top of your risk management! good luck
EURUSD WILL WE SEE A SELL OFF!?! IDEALooking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4239
TP: 0.4050
SL: 0.4427
Bias: Short
The crypto is range-bound today. The core driving force of crypto is not very strong today. Our goal is to adapt with the dynamic micro trends that are showing up here and there and try to avail any significant opportunity. Our goal is to seek long and short opportunities following the action plan that we have drawn on chart.
IMPORTANT TO MOVE STOPS!! AUDUSD UPDATE (IN PROFIT)!This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on position), from there I expect a reaction but hoping to see this level break and create a new leg down..(long term). RISK MANAGMENT comes before anything!! Good luck traders hopefully everyone's having a good week so far!!
INDENTIFYING TRENDS LONG/SHORT TERM!!Just wanted to share a little insight into identifying trends and positioning yourself in the market for minimising risk and maximising profit! Its import to identify trends both short and long term to understand which direction price is heading and possibly reversal points. Top down analysis mixed with key levels and trend patterns is how I look at the market without getting to technical, and candle formations from these areas is where I look at entering positions.. everyone has there own trading style and this is just what works for me, I don't like to over complicate it with a million indicators, trendlines etc. I recommend finding a strategy that works for you and sticking to it, there are a heap of different ways to trade...
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4320
TP: 0.4132
SL: 0.4463
Bias: Short
The price pattern of these instruments is getting more range bound and offering less scope to take a bigger or bold directional steps. The price levels are hardly getting broken due to lack of fervor in the market. Our goal is to seek opportunities from the inefficiencies that exist in the market.
EURUSD SELL OFF COMING?!!?EURUSD I'm expecting to see another longer term push down to 0.95600 to continue long term trend as DXY bulls still in full control. Another failed push into my sell zone will be confirmation for me to enter shorts to at least take out 0.975 but hopefully back down to long term support at 0.956.
GBPUSD BIG MOVE DOWN! LONG TERMLooking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very bullish which will work in our favour but remember been so bullish we can see a sell off at any point so make sure stop losses are always set and you update those stops when in profits! Good luck and hope everyone has a fantastic week!!
AUDJPY / BUY TRADE SETUP!!Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star formation on the daily would be a good indication to take entry's! As always trade smart risk appropriately!!
USDCAD / possible sell off idea (right shoulder)Looking at catching a sell off on USDCAD, long term bullish but to continue this way we need to see a breather (correction). Can be very risky going against the overall trend but if we can manage to catch the move we can see huge potential for profit, again I will be aggress with stop loss and adjusting once in profit.
EURUSD short term trend reversalAs highlighted I'm looking for EURUSD to make an upside move as a new short term trend reversal.. its about time we see a bigger pull back in order to make another push down, and don't forget this trade idea is going against the long term trend so make sure you are managing risk and been smart with entry points.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4319
TP: 0.4539
SL: 0.4156
Bias: Long
The price trajectory that we see today has no new paradigm for strong bullish or bearish momentum creation. Our goal is to look for trading opportunities from the inconsistency of the price loops that dictate the current crypto market.
GBPCAD / SELL ZONE! CONTINUED SHORTSNot a lot happening across the board in terms of getting into new positions, this is one of the only ones I'm looking at taking a position on. GBPCAD if we see a rejection around 1.48000 ill be taking shorts to hopefully catch the continuation move to push towards last weeks lows.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4593
TP: 0.4845
SL: 0.4376
Bias: Long
The oscillation of price levels between support and resistance signify a weaker price action set up. The major bias for this pair is long and we strongly believe that the weakness that is seen recently in different crypto pairs will result in a long drive . We can anticipate long opportunities in a narrow range from the current price context.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4405
TP: 0.4173
SL: 0.4578
Bias: Short
The price movement of different crypto pairs has a common trend. The weakness of the price trend or low volatility is resulting into neutral decisions . However, in some cases we can anticipate short or long opportunities which may be subject to upcoming volatility and trend power.