Update
15/08/2020Classic weekend Bart pattern.
I honestly cannot say I am surprised, I was actually expecting it. We had the same over a weekend not long ago and I knew after the pump towards the 12K mark was going to retrace, shorted it for a small PnL but was not enough, I should have waited longer and I would have caught the Bart drop.
Up around these price levels we will have people taking profits and some miners capitulating at a higher price. I would not rule out another higher end pump followed by another dump for some to take profits at the highest level possible.
Be careful trading this market and ALWAYS use a stop. Don't get REKT!
Happy trading friends.
#Bitcoin - Ascending triangle updatein my last post, i mentioned it's too early for us to know
Now we know!! more I am trading & charting I am starting to understand both Support & resistance are not A SINGLE LEVEL but actually Zones!!, right now we are at the resistance & if we reject here I am HOPING THAT fibs will hold & trendline support as well.
Once we break & close above the red box we will go up for sure, I have my long bids waiting around 11800 for a long position of broken triangle
I AM ALSO HEDGING A SHORT HERE after 4hr candle close, it is just incase support doesn't hold & we breakdown, either way, it will be still 200$ scalp if things go as my plan
10/08/2020Yet again another rejection from the $12,000 mark.
On the 1 hour chart, the wick came down just below 11.5K, and perfectly bounced off the baseline of the Ichimoku Cloud. This was a shakeout, 5 mins and retraced back up.
The RSI had been over extended and very little resistance above so I was expecting this long order shakeout. When we settle, IMO around the 11.7/11.8K mark, I believe we will consolidate for a little while. The dump was needed to reset the indicators I do think.
I hope no-one got REKT!
CADCHF UPDATE This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GOLD TAKE PROFITSGood day, snipers. Our previous analysis played out well on Gold and still going up. Place SL at entry for a risk free trade. Enjoy the free money
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
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+350 +300 + 200 pips In a single trade Without any DrawdownHello Traders! When I entered first Buy i told you we will not just wait and watch we will add more trades for maximum profit from this single trade and we ended up with 800 pips profit. Its Huge Milestone.
This is the power of my strategy, there is no comparison of my strategy because it does not need any indicator nor it need any support and resistance strategy. It just a calculation.
It take 1 month for EURUSD to move to its target, if we had closed it early then there was no trade other than this one. First Entry ends in 350 pips profit second entry was also perfect which ends with 300 pips profit and third entry gave us 200 pips profit and fourth entry didn't triggered.
Just hit the like button if you want these type of trades in future. I will also Start telegram group in coming month.
Entry 1
Entry 2
Entry 3
Update On CADJPYPreviously, we opened a long position on CADJPY around 78.550, but closed it around 79.000 as the bulls began to show signs of weakness which was confirmed by a candlestick pattern. For now, we will not be trading this pair until an opportunity presents itself. At present, we will be looking for long positions once price reaches the supportive trendline again. If price does not reach here, or does not show signs of rejection at this zone, we will not open any positions.
Always wait for the market to make a move and then open positions if your strategy is satisfied.
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Best of luck traders!
EURUSD Update Set third entryHello Traders! We are in Buy in Eurusd from 1.1220 that we entered on 29th june, As I told you Eurusd is moving towards 1.1570 and we will enter more trades on correct time for maximum profit from one trade.
First entry is in 180 pips profit and second entry is in 110 pips profit now set third entry at the support area we might enter fourth entry near 1.1450.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
First entry
Second entry
Update on EURUSDPreviously, we went short on EURUSD at the resistance zone; our target was reached. Now, we will look to reanalyse EURUSD and wait for another opportunity to present itself. EURUSD is currently at a supportive trendline, presenting an opportunity for bulls to go long, aiming for the resistance zone.
Bears, however, can wait for a break and retest of the supportive trendline before going short on the pair.
Traders should ideally wait for the market to make a move and give a valid entry that satisfies their strategy before opening a position. Do not open positions based on your (or anyone's) predictions.
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Best of luck traders!
CHFJPY Short On RetracementCHFJPY has finally been rejected by the resistance zone. Traders who viewed my previous analysis and took the short would be in good profits right now. Bears can look to enter (or re-enter) short positions on a retracement. Ideally, CHFJPY should retrace closer to the resistance zone to give a higher probability short setup. Once CHJPY retraces deeper, bears should monitor the pair and wait until it gives a valid entry that satisfies their strategy.
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Best of luck traders!
XAUUSD BUY TO 1801Hello Traders! This is the update of previous buy. You can enter a buy here. I am expecting market to hit 1793 & little retracement before hitting our 1801 Target. Set stoploss @ 1756.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Update on USDZARPreviously we were interested in shorting USDZAR. The take profit was hit on the USDZAR Short (2.78%) and now we will wait for another opportunity to present itself.
USDZAR is rapidly approaching a supportive trendline, presenting a opportunity to go long at the trendline. However, traders should also be aware that USDZAR is also following along a resistive trendline, meaning that USDZAR could break below the supportive trendline and continue heading down.
Once price is at the supportive trendline, we will monitor it and wait for a good opportunity to present itself. We will only open a position if price action gives us a valid entry.
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Best of luck traders!