Buy - ZECUSD Pattern: Inverse Head and Shoulders Neckline: 66 Entry: 66 Target: 77 Stop: 62 RR: 3.36 ZECUSD pair completed its correction phase after retracing back to the %38 fib level. Based on the recent historical data, upward waves on ZEC continues until 1.414 fib extension. The price has formed an Inverse Head and Shoulders pattern on the 4h chart. A wise...
-RSI Negative Div. -Macd Negative Div. -Bearish Candles -Reaching the apex of the Rising Wedge I'm gonna short this mf after the confirmation
Possible Spinning Bottom candle formation at the previous support zone. Entry confirmation: 4h Candle Close above 1.12400 Entry:1.12245 Stop: 1.12100 T1:1.1285 T2:1.13245 R:R: 6.15
Waiting for a confirmation candle to enter the potential bull flag formation.
I believe that we will see some more consolidation on USDTRY until the election at the end of March. If FA confluences with the price action I think we might see a triple bottom reversal in the higher time frame. Short Term Swing: Short entry: 5.30-5.35 Target: 5.15-5.20 Long after triple bottom confirmation Entry: 5.15-5.20 Target 1: 6.30
Hi guys, I've been away from trading for several weeks and went off to study some new material. I changed my style to pure price action but I still use RSI and MACD for divergences. I noticed that I see the markets more clearly without indicators or any kind of MA's. Clear charts create clear minds huh? It's good to be back here. Okay, let's see USDCHF had a nice...
We will see a bull flag continuation or range expansion to the downside 17-18 area. I think bull flag possibility is kinda forceful pattern so I'll go with the second option. Entered short at 19.6 and set more orders at 20.30 - 20.60 SL 22 Targets 18.65 17.63 Reasons: Bearish Daily Candles near known resistance area. I don't expect a breakout with this...
Rule of Alteration* Wave 2 Basic correction, we might see a complex correction on wave 4 Entry Reasons -Negative Divergence on Macd 3/10 Oscillator 4h -Negative Divergence on RSI 4h -Bearish Marabozu
Hey, I hope you guys are doing well. I couldn't trade in the past several weeks because of my final exams but after that, I will get back to full-time trading and will post a lot of charts for you guys! Trade 1: Now let's see we have a Head and Shoulder pattern formed here. My plan is to wait for a breakdown of the neckline at 0.9559 which is also the weekly...
We are at a critical point at the moment. There is an IHS in 2h Chart if the price closes above 1.1400 on Daily I'll consider this as a confirmation of the pattern. Entry Reasons: - Rejection from the support - Possible IHS - Inverse Hammer and Pinbar Candlestick on Daily
We have a symmetrical triangle here. This one will be tricky but my expectations are bearish in mid-term. I believe we will see another touch to the trendline at 1.116 but a Lower High at 1.1580 before that won't surprise me. Entry after 4h candle close confirmation. Targets are given at the chart.
Rules for entry: -Bearish reversal candle signal -Macd downtick on 15-30m -RSI bearish divergence - Start Laddering ONLY AFTER 8th TD candle on 30m if AT LEAST 2 of the conditions are met. Reasons: -Possible Leading first diagonal, Plan is trading the correction then entering long if the trend does not change -RSI approaching resistance -Volume dropping - Good R:R 3.15
This is a best-case scenario actually. I don't believe this HS pattern will work out as expected considering the markets situation atm but if it does, this is my gameplay.
Just a self-note about where are we and where we might be headed.
Hey everyone, I wanted to update my previous XRP/USD entries and targets. I believe that we are at the wave 4 of 5 and b wave of the correction. Currently I'm in a short position and I'm expecting C wave to touch .49-.47 zone and that's where I will ladder my longs. This is a mid-term trade so it can take a few weeks to build up let's see how that goes. Please...