Pretty simple brake out trade. Targets are based on the FIbs =)
Looks like we have Cypher completion if trend line brakes and price pushes higher. Lets see
Stick to simple stuff and always have bigger reward for your risk. RSI overbought and if we go below 618 Im expecting price to hit 0.382. Lets see.
If price crosses the line I will be looking into shorting.
Looking into small scalp as soon as price crossing that line
Lets see how it works out. Mr.Garthley is here, almost completed =)
Hi Traders, This is the outlook on the daily chart and what I'm looking for is bearish trend now. 1) We have strong resistance level we approach 2) Cypher can be formed 3) RSI is overbough 4) 3 waves are completed (Elliot wave) 5) Need couple more days but looks like price lost it's fuel and about to start rolling down the hill. Hope this make sense and you...
I love to scalp the market, but outlook on big time frames helps to see where price expected to do, especially after important areas one can get better confidence in trades. 1) We have forming butterfly pattern 2) Major trend line testing for 3rd time (like to brake it on 3rd touches) 3) RSI is overbought but still have room to stay that way to complete the...
I will enter long if the price goes above 0.236 level, TP will expect on next major resistance level. Always moving my stop loss as price action works it's way in predicted direction.
Expecting more move up, this is high risk trade on the dip. Lets see how work out