USD/ZAR: Swing-Setup! READ INSTRUCTIONS! Tripple-Top#ChanceHey tradomaniacs,
welcome to another free signal!
Important: Target 2 is the most likely Profit-Zone!
Instructions:
Plan A: If we see a Kissback use the Sell-Limit!
Plan B: If we don`t retrace, use the SELl-Stop!
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Type: Swingtrade
Sell-Limit: 14.27462 / Plan A
Sell-Stop: 14.11256 / Plan B
Stop-Loss: 14.54292
Target 1: 13.92298
Target 2: 13.75235
Target 3: 14.54642
Targt 3: 116.495
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Peace and good trades
Irasor
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Trippletop
USDCADLast week CAD CAD get weakness with the fundamental sentiment changing. As my idea preview,
I'm short in selling and follow the trend buying price action! It's breaking weekly price . So, i will see it's will breaking daily resistance or fail. If fail, it can be correction for short and trend long bias bullish.
Buy Reliance post 960,target 1050
Reliance has been trending well in a horizontal range since a long time and the recent correction due to the macro economic monetary policies resulted in a breakout being exhausted and a failed breakout , with NIFTY making a tripple top on hourly charts and other variables looking bullish, A chance to buy reliance again for the breakout of 960 resistance line (Target is measured by the distance between the resistance and horizontal line which forms a rectangular box )
A Tripple top will result in a strong breakout post 960.Lookout,its going to be extremely fast and violent
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[BTC-USD] BUYING BULL PRESSURE EXHAUSTED! TRIPLE TOP & REVERSALThis technical analysis will demonstrate the macro view of 2018 up to Feb 9th, 2018 with todays current intraday micro view.. Since the year began we can clearly see that we mainly have started this year in a bullish tone/trend with BTC trending straight down. Many who got in early in the year have seen their portfolios drop by 50% which is excruciating to watch from the sideline. However, if you truly believe in block chain technology then you will develop a tighter stomach like me and stick it out!
Ive identified on this TA three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying interest is becoming exhausted. It is used by traders to predict the reversal of the uptrend..
This triple top clearly shows me the bulls cant hold this area and actually break thru the resistance on my chart. They are struggling to not only break but to also hold that area, and that is why you can see that today Feb 9th, 2018 for almost the entire day, BTC has been trading sideways developing 3 triple top points. As I have said before in my other videos , significant to substantial volume is needed to change the sentiment and moment of Bitcoin in order for that reversal to truly take effect. Yes, we see some whales buying bitcoin trying to pump it up perhaps, but its not enough to mark a clear indication of a reversal as some other traders have stated! I am definitely not fully convinced of that!! But if does trend up and the reversal is really in effect than it would have to pass the 1st Fibonacci level and then make it the 2nd one as shown on my chart.
Two patterns were observed on this chart to be similar in nature as described as pattern A and pattern B. I thought that was interesting! Hmmh! So I realize the anticipation to get to the absolute bottom is getting devastating for many and especially me.... But patience is the key! Lets hope I'm right! Otherwise I will have missed my opportunity to buy BTC cheap again! That would be a bummer! :-(
If you enjoyed my video, give me a like. As some of you know, I only like doing videos for my TA.. I've always been a video marketer before and I am not new to the investment markets. I use to be a You Tube Partner with millions of views and over 250 videos discussing the economic crises of 2007 and the silver and gold markets.
Thanks ,
CryptoBuzzAnalyst
Disclosure: This TA is not financial advise and you are to perform your own research and not rely on my technical analysis to either buy or sell.
GM short entry at top of price channel$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs.
Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong bearish divergence which we can take advantage of.
Strategy:
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Enter trade SHORT by COB today or on break of the hourly convergence pattern support line, whichever happens first.
Set price target at $35, but be aware that there will be resistance at the 37.25, 36.60, and 35.53 levels, which all may provide valid exit points. Again, see the hourly charts to clearly see the resistance points at these prices.
set stop loss at top of shooting star or a similarly sensible position.
SPX Tripple Top Reversal Scenerio This past 2 years we have hit the ~2100 resistance pretty hard in the S&P 500. We are getting closer to the support line of the 2008 crash. If we pass that support line there is a chance for a Tripple Top Reversal. Price target is determined from taking the range of the tops, and subtracting it the green support line.
EURUSD Potential shortPotential EURUSD short if the price hits 1.1320. The entry is 20 pips below the daily resistance, with SL 40 pips above the daily resistance. If the price gets rejected at this level, it would be a triple top and triple rejection at this level. TPs is based of fibonacci from the 4h chart.
Orders is as following:
Position 1:
Entry 1.1320
SL 1.138
TP 1.108
Position 2:
Entry: 1.1320
SL; 1.138
TP: 1.102