Jinxfx

Jinxfx

1. Break and retest 2. Broke out of descending trendline 3. confluence on the 50% fib level

Jinxfx

Reasons for taking this trade: 1. Price has recently broken structure (resistance) and pulled back to retest this structure as support, indicating tat there might be a slight shift in the trend of this market. 2. It shot higher and has now pulled back again to validate a new higher low which indicates/confirms my bias. Happy trading, keep it simple!

Jinxfx

LTCUSD could go to $110 next and here's why: - Price has pulled back to the 78.6% retracement level and has rejected this level quite confidently - price has also broken through the descending trendline (no matter how you look at this) where price was forming lower highs and lower lows COULD WE BE SEEING A SHIFT IN TREND? - Now that we have seen this break to...

Jinxfx

Top down analyis is showing me that price is in a down trend - this can be seen both on the weekely as well as the daily - we are forming lower lows and lower highs and you can see this on the 1hr time frame quite clearly. You can see price is currently pulling back to the trnad line where price could potentially form another lower high and roll over to form...

Jinxfx

Got a 78% or 61% retracement could ride it down to 7350 trend line/support.

Jinxfx

1. Firstly we have a downtrend 2. Price is currently pulling back to test the trend line. 3. We have confluence with the 61% fib. 4. I am seeing a few small body/long wick candles around this area rejecting the resistance. Will wait to see how the daily candlestick closes and if it provides further confirmation with a doji or a shooting star candlestick I will short.

Jinxfx

We currently have a head and shoulders pattern on the 4hr chart giving us a short signal down into support which if fulfilled will complete our inverse head and shoulders pattern on the daily time frame and give us a signal to go long. Price has broken our descending trend line and is looking to go long now, but we must first wait for a pullback to our support...