AUD/JPY Resistance-turned-Support Another one as you can see the pair is moving to retest a major level which is a good opportunity to go long..
RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance .
If you want to take the trade from this levels it could yield around 100 pips to 90.25 as a TP
PS. all yes pairs are highly correlated to USD/JPY 0.24% so if the greenback keep the pressure yen will be weak against all currencies, but if UJ drop this trade will probably gonna fail..
good luck homies
Exponential Moving Average (EMA)
Searching it´s touchdown at a 200EMA!The EURGBP is trying to get back to the level of the 200 EMA
Due to traders getting their profits, it seems the start a retracement. According to the theory, it will make the last move down to get back to the level of this 200 EMA.
Check the 4H chart to see the best point to enter.
When a full candle is under the 14 EMA line.
CLAMS this is madness update I'm still pretty bullish for this particular pair.
Story so far...
Pair bounced from 8500 and hang for some time above 10k then moved quickly above lower GAP reached first our goal which was 22k then moved back a little and rested above 200ema and on the bottom of the GAP to gain some strength to move higher. Target for this pair is still 0.00560000.
Another turning point will be when pair will move above upper GAP then eventually will rest on it and prepare for final push. There is probably bunch of the other scenarios so let's observe. I will update this idea so if U follow this trade I will definitely update if something important will happen
GOLD 4HPrice close to approaching strong monthly support level. Price could rebound from there or break though bringing more downside. Price also near 200 EMA which could act as a potential support area as well. Will watch for a breakout of downtrend line on the 4H & wait for a bullish engulfing to consider taking this long. Will be watching price action for now! : )
TRIG three line strike combined with 38.20% Fibo I decided to add something from me for this pair. I checked other ideas and seems like everyone is pretty positive about it.
I marked with yellowish rectangle very important candlestick pattern. It is called three line strike and it has very high accuracy rate something like 84%.
Combined with 38.20% fibo it makes quite solid support.
I would wait a little bit to enter when 200 EMA will give a nice push and move it higher.
I would look close to 0.0010000 as the profit area.
ETH another drop to 0.05000 ?I'm observing this pair for some time. I was almost bullish for it. I marked very strong support/resistance area(0,066500) which I think will be broken soon. 0.05000 was tested on polo once so it is possible that this kind of move which happen again. I'm expecting strong move after this area will be broken.
USDCAD I'm waiting for good signal for another short sellI expecting pair to meet 200 ema again. I think pair will be stopped by 200ema and this is the time I will be looking for short position. My TP is 1.2254. I almost certain like most traders here that his pair will reach 1.200 sooner or later but currently can't find good entry point.
BCN new opportunity aiming for 200% profit I marked rounded bottom on the chart. Pair is currently trading above very important Fibonacci level which is 14.58%. This formation combined with 200 ema is suggesting solid bottom and probably rebound to 50% of previous big move. I wouldn't be surprised if the pair will go down just to touch the closest lowest low.
Maidsafecoin perfect triple bottom really good BUY signalIt is perfect rebound from the very solid support. We can see on daily chart really perfect triple bottom formation. I would set up TP area near highs but it can change over time. really good buy signal.
I took closer look:
1st bottom we see morning start formation with upside down head and shoulders formation. Shoulders level above 10k
2nd bottom upside Head and shoulders formation shoulders level above 10k
3rd bottom nice hammer and it seems like it is forming third upside head and shoulders
This looks pretty harmonic
AUDCHF great price action and very nice opportunity to go short This is perfect situation where short position has potential to bring some nice profits. 200EMA tend to stop corrections and put pair back on track followed by latest trend. I drew the line along three tops which perfectly stopping pair and pushing it back south. I would set TP just before 0.7000.
It is hard to predict how the pair will act in the next couple of weeks so it is quite possible that I will close position before it will reach the desire level.
I think it is very nice opportunity to risk capital because this kind of price action is not happening very often on daily or weekly chart.
Stratis strategy to enter market pending order target 40%Pair is heading south faster then expected. It seems like it found some support around lower GAP. It worked fine as a the support in previous attempts. I think that possibility to test lowest low from 7/11/2017 is very possible and this is the moment it would be good idea to enter the market.
When the Stratis will hit 10k which is strong support and it should give a pair little push to move higher. I think it will retest the 15k level and then possibly go back or I don't know.
I used some of my artistic abilities to draw what I expect it might happen.
Stratis update with less arrows :)We witnessed sharp downtrend for the one month which starts in the mid of June. There is almost perfect double top formation which based on my experience when is respected by market tend to move price in desire direction for some time not just few days. It seems to me that there is struggle to leave the pair above first GAP. I personally don't think it will stand and the next GAP should be next target. I could be wrong but in my opinion enter the market with current condition is risky. I would look to enter very close to 10k level where the pair will create double bottom formation which would be very reliable. I put short living 200 ema which should give us some insight what the pair is planing :)
Also infinite grow of BTC is not helping pair to move higher.
GOLD - Sir, can we sell?Yes. I think this is the time to sell again.
While we might have one more pop up to the daily 200 SMA at 1232-33$ gold should be ready to break the support of 1214$.
Have some dry powder for that final bounce to 1233$ in the next 24 hrs but I don't want to risk getting left behind so I re-entered into the short position here at 1228,5$.
After we tagged the 50 EMA everything looked perfect : RSI oversold, bounce, bear flag , tag of the 50 EMA, rollover, breakdown to new lows.
But I told you banksters are back to the game after the holiday so the nasty games started again:
- Breakdown halted.
- Price reversed from the breakdown.
- Breaking above the 50 EMA and the previous bear flag top.
Now we can assume that everybody stopped out so the decline is back to normal and we follow the original plan.
New SHORT entry at 1228,5$
Target : 1198$
XBCBTC 4H Three white soldiers very bullish part 2 of chart Pair bounced with solid bullish candle on 4H. 200 EMA gives it nice support combined with 50% of the big caffeine bullish candle on daily chart. I would consider this as long term trade.
See link for detailed information.
XBCBTC 4H Three white soldiers very bullishI was just checking the charts today and found this very powerful pattern which is driving the financial market since ancient time. Three white soldiers’ formation. Based on my calculations I can found out in very precise manner take profit area. It is hard to say the exact time when it will happen but it is almost certain that this level will be reached. We can observe on the daily chart very big caffeine candle which created nice support area close to the 50% of the body of the candle(shadows aren't consider) which is marked with black line. In my opinion this pair has big chance to go as high as 0.240000.
I will post next part of the chart in next idea.
LTC correction for my previous idea Daily chart There are two important GAP’s marked on the chart green rectangle and red rectangle. These two are respected by market for quite some time. I think these two will play important role as the support if the pair will go up. Fibonacci retracement 61.8% level stopped losses. This pair might create some kind of cupandhandle formation in future.
Let’s see what kind of price action this pair will delivery in next few weeks
LTC short 10%Based on my calculations we have profit after 2 attempts around -4%.
I pretty positive about this one. Pair is raging battle with 0.015000 level but it should be broken soon and this should open the way towards 0.01000000.
We are aiming here for around 30%.
If you follow just please let me know or just keep an eye on the comments just in case something will change.
The Bulls defend EMA 50 levelAs you can see on the chart, the bulls have pushed price above EMA 50 line. The volume on those two candles is very high, which is good indicator of coming correction of this downward move.
I'm expecting this correction to hit fibonacci retracement level between 76,4% and 85,4%, than the further downward move with new lows.
Bytecoin this is big 100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3 is never shorter then 1st wave and it is always the longest one so when second wave will be finished we can expect really good bullish movement. This pair made 10fold move in the matter of two months which is really good profit.
I’m interested in what will happen after 100 will be breached and pair will stay below it for some time.
I linked the silver chart so You can compare charts and see what can happen in next month or two