DLavrov

DLavrov

Here is an example of a possible short trade. The price broke the local uptrend line and moved below SMAs. MACD is bearish, and the same goes for DMI. Probably we will see a short term pullback toward 1.58000 resistance zone, but we should expect the continuation of the downward movement. Sell below 1.57285 Stop above 1.58050 Profit Target at 1.55550 Risk per...

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Let's look at the 4H chart of GBPJPY. The pair gave us 2 profitable trades when we could open long positions in the direction of the main trend. How could we catch that upward movement? We had to wait for reversal signals from SMAs and open long positions based on breakouts above the local downtrend lines. Stop orders for those trades we had to place below the...

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Let's look at this wonderful pair! GBPNZD could give us a very profitable trade based on a trend reversal signal. When the price broke SMA200, and we got a new swing high above that line, we could use a pending order for buying. The stop orders for the long position could be placed below SMA100, and the profit target could be at 1.98000 resistance. The price moved...

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The price diverged with MACD and RSI, and it gives us a trend reversal signal. If buyers can't push the price above 12000USD resistance, we should be ready to see a downward movement toward SMA100, SMA200, and 10000USD support zone. For this, the price will have to break the local uptrend line and moves below SMA50. If buyers can push the price above 12000USD...

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What do you think about this trade? I'm not sure that the price will continue the upward movement without retesting 10500USD and 10000USD support zones. But the crypto sometimes can more against the logic, and it is a well-known fact. We have to take into consideration this fact. In order to catch a new upward movement, we can use pending orders for buying and...

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In the previous posts about EURUSD I wrote how we would have to trade in this market. The price reached the upper line of the price channel from the daily timeframe. We could search for possible trend reversal signals using the hourly charts with the exact entry and exit points. Here is an example of such a short trade, which is based on a bearish divergence and...

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What do you think about such a selling opportunity in the 15m timeframe? I don't like swing trades before the weekend, but this trade looks interesting. If we wait for Monday, the price can drop and we won't have such an amazing risk-reward ratio. The market looks overbought. RSI is in the overbought zone, and it is going to confirm the price reversal. MACD...

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What do you think about such a sell opportunity? The price bounced from 1.98000 resistance zone. RSI confirmed the price reversal. MACD histogram is supporting the further downward movement. DMI is bullish, but ADX line is moving down. The price is going to form a strong reversal candlestick pattern. The market gives us enough bearish signals, which allows us...

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In the previous post about Bitcoin I wrote that the nearest target for buyers would be 12000USD. You can read the details in this post . The price reached 12000USD, and we saw a strong pullback from that resistance level. The price reached 106000USD and moved back toward 11000USD. What does it mean for us? Such behavior could be a reason of closing long...

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The price bounced from the upper line of the price channel. Definitely, the market is going to provide us a workable selling opportunity. We have a bearish candle, which confirms the price reversal. RSI confirmed the price reversal in the overbought zone, and it gives us a solid bearish signal. MACD histogram is going to support a possible downward movement. In...

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This pair should be added to a watchlist. The price bounced from the support zone. We have a reversal candlestick pattern. RSI and MACD histogram confirmed the price reversal. The previous buy signal from this support gave a trade closed by stop. But we have the same market conditions, which allows us to open long positions. During the next week, we should wait...

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What do you think about Ethereum Classic? From my point of view, it is not so interesting as Ethereum, but for swing trading, it can be used as a part of the trading portfolio. The price reached the resistance zone formed by 7.50USD and 8.00USD levels. It is possible to use a breakout above this resistance zone, but I think a pullback with the further reversal...

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Here is another coin which is rather interesting for watching and trading. The price reached 0.3000USD round number level, and we can expect a reversal. In spite of bullish signals from MACD and DMI, we have a trend reversal signal based on a bearish divergence. Of course, it will be wrong to expect a new bearish trend now, but at least a correction movement to...

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It is an amazing market! The strong upward movement from 240USD to 355USD within 12 days, it tells us about how strong buyers are, and they are in control of the market. After that breakout above 300USD, we did not see a correction movement, and the price moved up toward the strong resistance zone between 350USD and 367USD. Why is this resistance zone so...

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Let's use the daily chart and talk about the following: - after a strong upward movement we got several candles as a consolidation - we can draw a pennant chart pattern, which belongs to a continuation group of chart patterns - if the price breaks the upper line of the pennant and the local swing high, the nearest target for buyers should be 12000USD - MACD and...

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I'm not a fan of trading against the main trend, but when we have an amazing trade opportunity with a good entry point and risk-reward ratio, why not to try? The price is not far from a strong resistance zone at 1.32000 level. Look at the past performance at this level, and you will see the power of this zone. RSI confirms the price reversal in the overbought...

DLavrov Updated 

Yesterday, I wrote about a possible buying opportunity in the hourly charts. In that post , you can read about a possible reversal based on the daily chart. Now, let's look at the 1H in order to see possible bullish signals, which can be used for opening long positions. The price formed a bullish divergence with RSI and MACD lines. It is a strong reversal...

DLavrov Updated 

If we talk about short term trading, we should use 5-15 minute timeframes. In the current situation, when the price of Bitcoin can move in both directions and for buying, we are far from a good entry zone, short term trading can be a workable variant. Here is an example of a possible long trade that is based on a breakout above SMA100. If the price can move...