Japanese Yen heading into some higher time frame support. DXY index also showing downward pressure. Will be taking a short trade here with two seperate entries as shown on the chart. Red line is my stop market order in the case that it goes against me for protection. Will be looking for a 300% return on this trade at the very least.
ADA in an area of big picture resistance. Price has tried several times to break the ceiling of the resistance area, so I'll try to take a quick short trade (Blue Liine is limit entry line) as near as possible with a tight stop (Red Line) if price succeeds to break through. Looking for a 300% ROI (I'm risking 1 to make 3) as my profit target.
Firstly checking the Dollar Index (DXY), we see that the dollar has run into an area of Resistance/Supply. Looking at the EURUSD, we look for that same area and identify the best area to set our entry, which I found to be the 1.1565 area with a stop loss at 1.1547. Target will be at least a 3:1. Also note that the trend has been down in the past weeks but our big...
EURUSD has fallen into bigger picture support. Zooming down to a smaller time frame (4hr and 1hr) charts, we can then hone where to buy. Current buy is at 1.1606 with a stop at 1.1584. Happy Trading traders.
Bear flag formed and triangle pattern formed on bitcoin. Took a short entry at the blue line and placed a protective stop at the red line. Price consolidation is becoming tighter and tighter as he hours go by. Either BTC will explode up or down with my analysis showing more of a bearish sentiment. Target will be at the 9650 area; a 1,750% return on my initial...
Triangle formation shows lower highs, and high lows with a consolidation of price in between. Price closer to support so looking for buying opportunities (Show written in Green) at the moment. Place tight stop below support like at the bottom the lows of recent candles showing written in red. Will look to get out with at least a 300% return on my initial...
These were chosen on a daily and weekly time chart due to the hyper-volatile environment of the crypto market. Hope this helps everyone.
If we can close above the trendline then we're in a bullish pattern but we'll also have to break the resistance zone for a true final confirmation.
Price explosion from previous support zone. Have at least a 3:1 trade here. Prices are currently testing the zone. Entry line is above while the stop market the line below. Position sizing is key here.
EURUSD entering a support zone that hasn't been breched yet. Keep in mind that this is also the neck line of the double top formation that complete it's last leg this today. A combination of a psychological area and demand for the eurousd in zone 1. I'm placing my stop market order accordingly just incase it breaks zone one. Another observation I should note is...
Multiple indications are revealing themselves as BTC continues its bearish trend. I've drawn in a few chart patterns that coincide with my thoughts for those who need more clarification. Please do consider that BTC is a hyper volatile news driven instrument and could do anything it wants. While news is quiet on BTC, I've found TA to work out pretty well for it so...