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Trendtrader

EURNZD BULLISH TRADE IDEA FORECASTHi Traders, The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern. . The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance. . We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will look for a three-wave corrective pattern to confirm the bullish move. . Will post an update soon if price completed the two phases. . Stay tuned. . Any opinions on EURNZD?
Long
by Veejahbee
Low risk setup for TRIPWhy is this setup good? -Contextual uptrend -Price continues moving in the direction of main trend since it bounced at longterm support EMA (200) -Momentum building on MACD 12-26 -First reaction (contraction) since MACD crossover -Trigger Candle testing EMA 3, 6, 18, 50 -Good Risk-Reward ratio ~ 5.15 Entry rules: -Buy Stop order or Manual Buy at 57.89 at the next interval(candle) open -Cancel the order at the end of the day if 57.89 does not get triggered -Stop Loss (S/L) level at 55.78 (adjust position size accordingly, don't risk more than 3% for your current account balance) Trade management -Move S/L to break-even when price CLOSES above 58.11 Exit rules: -Target Profit LVL 1 or LVL 2
NASDAQ:TRIPLong
by jorens.zile
ETHUSD 8 hour Potential Trade BreakdownI take you through specifically what I'm seeing on the ETHUSD 8 hour chart. We have an uptrending chart coupled with MACD convergence. I'm looking for a continuation of trend here, and seeing if I can find any entries. The price has passed through the 61.8% fib level, but we do have a double cluster around that range. What I'm looking to see is if we have a bounce. Fib's solidfy trends for me on the higher time frames and I rarely base my entries around them. Anyway, we still have some time till the candle closes, so I'm still playing the waiting game, but wanted to get a video to explain what I'm seeing. I hope you enjoyed this. Peace.
BITFINEX:ETHUSDLong
by larizzy
USDJPY - BULLISH BREAKOUT TO POTENTIAL D COMPLETION This morning we were able to capture 1st targets on a USDJPY potential bullish breakout and I wanted to stop by for a second & talk about secondary opportunities to get involved as well. Now before we get started please understand that it was a little difficult to fit the entirety of this trade idea on to the chart as multiple timeframe analysis was involved, but I'll try my best to explain what I'm looking at. However, for reference, you may want to check out a recent video I did titled " Using The ABCD Pattern" as it walks you through the initial process of why I was looking to get long. Now that we've broken previous structure highs with a confirmed break & close above, we can make the prediction that price action is likely to continue higher. Where to? Well only the market knows that & seeing how today is election day, anything can happen. But based purely off of the technicals my prediction would be a move to retest the previous shoulder line of the head and shoulders top that we saw back in mid October. (See linked chart below) If I weren't involved already, my way of looking to get involved would be waiting for the market to provide us with some relief in the form of a pullback & then look to catch the next extension higher. Your Trading Coach - Akil
Long
by Akil_Stokes
10