Pivot I'm watching to convince me we are going to see downside expansion. Currently below low timeframe level of engulfed demand shown in chart below Follow for Daily FX and Crypto ideas and educational content. Original idea by Ribz
Shown on chart is one scenario that could play out on EURJPY. We are looking for channel and pivot confluence for tight entries + invalidation levels and high reward trades. Horizontals take precedence over diagonals, break below pivot and we have a support resistance flip as the level is reclaimed for selling. Follow for Daily FX and crypto ideas and...
This is one of my favourite setups. Price made a clear stop run into the bullish 4 hour orderblock and then rallied up and took out the swing high, breaking the market structure to the bullish side. Now all we gotta do is WAIT! Wait for price to come down to .618 fib and .705 fib, which would be a great R/R long setup targeting 6600 level. Original idea by Pheneck
Needs to retest that previous resistance which falls within the optimal fib range (between .62 and .79). After that I hope it attacks that high again. Original idea by Svarog
This is a highly experimental idea, not something to base your trades off. As you can see on the 4H chart, we've made some really thin moves with little to no stops in between. I'm not sure if this is the end of it, we may see some more expansion downwards, BUT when it finishes, in case we start going back up it may be a fast and explosive move, maybe to retest...
Mondays low SR level, EURUSD likely to target equal lows left in on Higher timeframe chart. GL from The TRADRZ Team Original idea by Ribz Look at that textbook inability to get back above Mondays low! - Jack
We've broken some previous highs which is very good. I don't think we're done with the retracement yet until we hit at least some of the fibs in my chart. In case we take off sooner, I'll update the idea. Bitcoin 0.48% is a bit dumpy today as well. Be careful with that, it like to take alts down with it. Original idea by Svarog
Long here is an aggressive entry, but our invalidation level is tight. We don't want to see Ripple close below Mondays High/Key SR without a quick bounce. Once we have a higher high we are likely to hold here at support. Targets are BIG. Good Luck from The TRADRZ Team Original idea by Ribz
Pushed pretty nice up the resistance, now breaking through, it may go a bit more up but better to buy on the retest if it happens, much better chances. It's probably going to attack the previous highs after it. Original idea by Svarog This level of resistance remains a level we need to break above and retest, the idea is still valid, watch that level! - Jack
Ideally want to see one more higher high and REQ looks very ready for upside expansion. GL from TRADRZ Original idea by Ribz
If we zoom out on the weekly chart, we can see that these orange levels are highly reactive whenever the price comes near them. Zoomed in, it's clear that once we've broken past all three of them, we came back, retested the lowest one a bunch of times, broke through, retested the middle one just once before getting rejected back to below the lowest one again....
Very efficient uptrend on SUB so far, Mondays lows taken and showing signs it wants to get on with upside expansion. Scaling in here and sticking to Stop Loss below Swing Low. Good Luck from The TRADRZ Team. Original idea by Ribz Unfortunate stop. Let's see if the inefficiency level holds now and we move back to Mondays high.
Looks like we made an SFP and are now sitting inside the optimal fib retracement a bit lower than I would've liked but this seems like a good pivot support + 1H breaker confluence. For better odds in this trade, wait for a break in the market structure on lower timeframe and enter on retrace. Around 3.8 R/R as it stands now, not bad. -Bullish breaker - an...
H4 Demand respected, low timeframe stops taken and a perfect range formation. This looks ready for breakout. Good Luck from The TRADRZ Team. Original idea by Ribz
Break back above pivot at Mondays high I cannot see Cable coming back down, ideally short targets are met first. GL from The TRADRZ Team Original idea by Ribz Short scenario:
Breakdown at Monday High, target lows. Original idea by Ribz
Hello! Tron getting ready to make a move down through the base of the bearflag trendline to our approximate support at 200 sats. Hodlers begin panic selling, and investors begin accumulating for a run up to 550 sats in 2019 as indicated on the cross of the 0.618 fibs (diagonal and horizontal) in the chart above. Thanks for reading, I'm sure I'll be updating this...
Bearish divergence on the daily chart is very clear. Also if you check the weekly chart, we had a clear SFP formation which is also a bearish signal. RSI gave confirmation of breakdown when it made a "lower low", this upward movement we saw today is a an opportunity to long the majors- EURUSD, AUDUSD, GBPUSD and NZDUSD. Invalidation of my idea is clear, if daily...