RedPanda_Trader

RedPanda_Trader Updated 

1. The trend is respecting on down trendlines and 50 EMA which means the trend will keep going down. 2. Inverted Cup pattern is spotted 3. Price tries to break the minor resistance but it fails with the closed strong red candle. Overall, the trend is looking bearish at the moment. Entry 1.039 SL 1.04700 TP 0.96

RedPanda_Trader Updated 

According to the daily time frame, the previous trend showed a divergence on the RSI, signaling a potential trend reversal. The price broke through an ascending wedge following a head-and-shoulders pattern, suggesting that the bearish trend is likely to continue. A Double Tweezer pattern has formed, confirming the entry Entry: 2610 Profit: 2350 Stop Loss: 2640

RedPanda_Trader Updated 

1. The trade is respecting the 50EMA since the breakout from double bottom. 2. It is running in an uptrend channel 3. a complete inverted green hammer candle was formed on the support zone as well as 50 EMA Entry 20.17100 SL 20 TP 22

RedPanda_Trader Updated 

1. Divergence on RSI + Sell momentum on Sto-RSI perfect match 2. Reversal candle in daily time frame is formed and follow by higher low structure 3. Price is respecting roof down trend channel

RedPanda_Trader Updated 

1. Swing Low Zone is tested with 3 times which makes this zone extremely strong. It's very unlikely break out this zone. 2. 3rd touch on Swing Low Zone has formed Morning Star Pattern candles which indicates the down trend is finished. The bulls is entering the market. 3. Sto-RSI indicates strong buy as well. Note: Waiting for the trend to react on downtrend...

RedPanda_Trader

Zoom out on the weekly chart, we can see the market of NZD/USD is extremely bearish. 1. There are two bearish pennant in the chart, indicating bearishness. 2. Sto-RSI shows oversold in 4hr. Perfect timing for enter the trade Entry $0.58806 SL $0.594 TP1 $0.55 Zone TP2 $0.49 Zone Feel Free to drop the comment if you have different opinion.

RedPanda_Trader Updated 

1. 1H time frame shows head and shoulder pattern. 2. Break of major down trendline. 3. Respecting the up trendline. 4. Tend is above 50 EMA 5. Break out the support and resistance zone Entry @0.59297 SL @0.58800 TP @0.63800

RedPanda_Trader Updated 

The Uptrend was finished and formed higher lows and the trend is unable to break the red trendline. It's very bearish. 4hr time frame shows the candles close below support and resistance zone which is confirmed again it's bearish. Trend is under 50 EMA for the last 2 weeks, also very bearish. SL is placed behind the support and resistance zone @162.90 Entry is...

RedPanda_Trader

Hi Traders, The current trend seems slowly forming head and shoulders pattern. Will it play out? Yes, it will if the price is break below $155 zone. The price is respecting the major trendline since 2012 which was the first touched, followed by second touched in 2020. Will the third touch happen? who knows. If it destined to touch the third time, maybe around...

RedPanda_Trader Updated 

As you can see, price had tested on level $155.55 twice. it seems going to form double bottom and it did break the neck zone and retest on $163.8 price. It seems perfect trade for LONG entry. However, the market is losing its steam and bear step in. It gives us 2 strong bear candles closes. SL @ 165.35 Entry SHORT @ 163.15 TP1 @ 158.70 TP2 @ 155.55

RedPanda_Trader Updated 

Double bottom and retest on the neck zone. Low risk and high return on this. DON'T MISSOUT

RedPanda_Trader Updated 

1. Divergence on Stoch RSI and price Action indicate strong reversal 2. Tweezer top candles are showing strong bearish. Strong pull back is coming.

RedPanda_Trader Updated 

ADA has a good pump today but WATCH OUT! DONT GET FOMO. Alt coin seasons still a few month away.

RedPanda_Trader Updated 

In 31st Oct, the candle has been form a hammer candle on the orange resistance rectangle, which means there is a possibility of changing direction from downside to upside. Stoch RSI is crossed, which means the buying momentum is about to pump. Buy entry is in. SL: 0.6525, TP 0.681. The reason of TP @0.6810 is seemed going to form head and shoulders pattern....

RedPanda_Trader Updated 

Pull back is over now. We have multiple long wick on the resistance level at $0.67 in 1 hour time frame. We should see market volatile as soon as US market open. The next profit target is between $0.63-0.64.

RedPanda_Trader Updated 

Bearish wedge is formed time and divergence in RSI

RedPanda_Trader Updated 

1. The stochastic RSI is under oversold zone, indicates down trend continuation. 2. EMA 50 indicates down trend as well. 3. The trend have 3 red candle in a row from 14th to 16th Oct. 17th green candle closes below 16th red candle which means buying momentum is still not strong. I will say this is retest to level $0.67 only.