Looking at EURUSD, I will wait until weekly chart makes its way down and the candlestick confirms entry into swing position. I will take the trade only if closure of the weekly candlestick kisses and closes above ascending trendline. This will confirm continuation.
Can look to daily chart for tighter entry's with less risk and a tighter stop loss.
MATICUSD chart 4 hourly showing a bullish to bearish head and shoulders pattern. Will look to follow the chart down to support zone at $2 and look to go long there for a target $5+. Watch this space
On the Daily Chart and this Weekly we have Polygon/ Matic breakout and retest of All time high. Wait for daily confirmation and hopefully weekly confirmation for the bigger picture to go long to price discovery and new all time high. Possibe pump incoming first.
If we look at the weekly chart we can see price being squeezed into a flag pattern. Looking for an entry around 0.80p. Here we have confluence of 3 thrings. Strong weekly support zone at 0.80p, the ascending trend line into that 0.80p zone and thirdly support coming in from the weekly 50SMA.
This is a long term trade, If the lawsuit comes in mid next year and...
Keeping an eye on Internet Computer at $30/$40 at all time low. Descending price action but first trade would be upto first target around $60 then if and when it breaks descending trend line would look to $80 or even $100.
Watching Polkadot Weekly chart. Price is testing 40USD level. The price is also ascending on the upper trend line which is also confirmed on the daily candle chart. Waiting for weekly close for the main body of the candle to close above 40USD for a confirmation of a long.
Idea: Long position on XLMUSD. Weekly chart showing nice test of ascending strend line, price is getting squeezed upwards towards the 0.40 level. The weekly candle has also wicked close to the 50 SMA and had nice reaction. Hoping trading volume picks up, price breaks 0.40 and bullish move continues to previous ATH region of 0.60.
Watching Ethereum's reaction off weekly support 4,000USD level. Will wait for the weekly close on sunday night to confirm direction of a long position. If bar price closes below 4,000USD level will look for another run down and possible entry close to 50SMA but the first idea I think is more probable and long target for ETH is 8,000USD
Watching BTC to see if support of $30,000 holds. Likely to break 30k and retest $20,000 in my opinion before bull run continues to ATH. Currently in Phase E of Wychoff market analysis. Watching closely for long term ideas.
Keeping an eye on AUDUSD on monthly and weekly charts for confirmation of long term direction. Will we retest major resistance of 0.8000 again of will we break this consolidation and move southwards??? Keep an eye on it.
Bullish flag formed on XRP. Price action remaining in the flag. Looking to get in on the ascending trend line and go LONG to $2. If price breaks the bullish trend line on the daily chart and close below the trade idea is void.
BTC /USD is now sitting at major Monthly/ Weekly support level of $50,000. Looking at the daily chart for executions on any trade ideas. Looking for price action to react to this level and either rebound higher for another bull run or break $50,000 and fall to next support of $40K.
Monthly chart descending trend broken, Weekly chart showing descending channel breakout and looking to see a retest confirmed on weekly before going LONG. Looking for a LONG towards highs of 1.2300. Probably take a position towards the end of this week after confirmation.
SHORT NZDUSD trade. NZDUSD on monthly chart has broken long term descending trend line. We now see consolidation between levels 0.7000-0.7300. Short term weekly resistance at 0.7300 with target at lower end of consolidation range 0.7000. Execute trade on the close of Daily candle (10th May 2021) with stop loss at 0.7320.
Long term monthly chart descending trend broken. Looks like the swing traders are taking their profit at 0.8000 resistance level for the short term, consolidation likely.If 0.8000 is broken looking for a retest and long term LONG to 0.9500.
Price getting pushed and squeezed toward major resistance of $60,000. If ascending trend line in broken on the Daily chart look to go short to next weekly support at $40,000.
