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Xyab

BTCUSD 4hr XYAB Pattern long opportunityBTCUSD had a nice bounce off the bullish bat pattern with an almost 100% rally, which was able to break some important pivots of the previous downtrend. Accordingly, there would be a potential bullish XYAB pattern long opportunity. Though there are still lots of rooms, it's worth noticing since it may play as a reminder that if we would like to buy the dip on BTCUSD, it might be the best possible trade! Of course, this trade doesn't imply that it may go all the way to 7000 again, and if it's able to break 12000 nicely, I would also like to long in other techniques like inside bar trades. Let's see how it goes!
BITFINEX:BTCUSDLong
by Trader_Joe_Lee
USDCHF Inside week and a potential XYAB patternUSDCHF has an inside week last week. I believe every breakout direction of inside week is important, while not every one worth trading. Most of the time weekly chart are for mid-term to long-term analysis, not really very suitable for day trading and leverage trading with regard to time and overnight cost. However, the bigger picture matters of course, so I still turn to weekly chart on every Monday to decide the long/short preference this week. Here in this chart, there are 3 potential trading ideas: 1. inside week breakout 2. inside week breakdown 3. XYAB Pattern I won't trade all of the above directly, but if it completes the trading set-up, it may pretty much influence my long/short preference. What's more, the high and the low of the inside week are both figures, which may kind of enhance the power of the breakout although Forex doesn't regard fig levels as much as stocks. Bottom line, I don't predict it will go which one of the 3 trades, actually I never do. All I want to do is to "recognize a trend and participate it". Prediction has nothing to do with my trading philosophy.
by Trader_Joe_Lee