LAURUSLABS gives a breakout and retested. Aim for 5-10%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Wpattern
BTC DAILY POST (2/3) - W PATTERN This is a W pattern I saw on the daily chart that could give us a little short time bullish momentum : )
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PNB is ready to buy for positional trade.NSE:PNB
Aim for 6-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Is LINK back from death? ☠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 LINKUSD- weekly Time Frame - Candlesticks
📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves
📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
👉🏼 A very safe entry will be breaking the triangle:
⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle
👉🏼 Meaning that 27$-28$ price zones can be a big resistance level
📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
SRM - TA possible bullish scenario 4h I opened a Long just few minutes ago. Let's see what will happen 🚀. Don't forgett to like it, if you appreciate my work 👍
And that's the main reasons I decided to take a long:
► Double Bottom is formed
► Breaking out of this falling channel
► Breaking out of this falling channel confirmed
► Breaking out of the 200 MA
► High risk reward ratio
► Breaking out of this smaller (maybe you could see it) broadening falling channel
► Moneyflowindex in green (4h base)
Trading setup:
Entry: $3.73
SL: $3.195
TP: $5.65
Disclaimer: DYOR. No financial advice. Just for your impression.
$DAX Can Still Rise Higher To This FCP Zone #daxTraders, DAX Can Still Rise Higher To This FCP Zone.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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BTC Necklines, Heads and Shoulders We just bounced off the previous neckline from the "W" which I was talking about the other day so my top target for the current rally remains at 53k.
Here is one visual explanation in the form of a pattern that I've been posting for a few weeks now.
You can see that this repeating H&S is really taking form now on the weekly and smaller timeframes.
We just bounced on the 52w MA (pink). Let's see if we can get all the way to 53k before we reset for a new ATH rally and can find the bounce at around 40k.
Potential Gold long **STAY PATIENT**Our previous Gold analysis has played out, with inflation concerns in the market we can still expect more buying pressure in the market. Being that we've had a nice rally to the upside we'll be closely watching on the intraday time frames for a pullback to structure to go long
W Neckline Too Strong for BTC!!!???As i mentioned in this mornings' video, the 49.500 Resistance and neckline of the 'W' pattern (Green) on the smaller time-frames, is proving to be a challenge for the bulls. This has been a solid support/resistance area for qite some time now.
In addition we just broke down from this wedge (Orange) on the 1h and now we need to see if we are going to be able to find support before or when we get back to the channel (Pink) that has been a strong resistance for several weeks until we've broken out of it to the upside yesterday.
I'll keep you posted if anything significant happens.
Check my previous posts, most of them are still relevant and will give you a better idea about my analysis and targets.
Cheers and happy trading!
BTC 'W' Pattern Neckline!Good morning!
I started this morning by looking at this W pattern which formed on the smaller BTC time frames, and is sitting right at the neckline right now!
Watch the video to see what my targets for the inmediate short-term BTC price are!
Oh here's my face btw :)
I hope you enjoy it!
Happy trading!
EGLD TA - Possible bullish scenario 4h I reentered a position here. There are many reasons for it:
1. bounce from the 0.618 fib level 2nd time
2. forming a double bottom
3. bounce from the "buy" zone
4. Forming a possible W pattern.
This is still a risky one. Let's see if this will play out.
Position informations:
* Entry Price $393.14
* SL $375
* TP1: $479
* TP2: $539
Disclaimer: DYOR. No financial advice. Just for your impression.