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BCH/BTC break out trade (short term)I've notice people either like bch or hate it as a coin. I don't have any preferences to be honest. But I've done some nice trades in the past so I guess I like it. And it learned me some costly lessons as well. After very encouraging run this week I was expecting pull back or some longer period of consolidation. I like the expression Sideway fuckery. After seeing this break out of smaller triangle with decent volume I decided to go for a ride. EDIT: Looking at Volume again - it doesn't look good on this chart but it depends on time frame and exchange. I expect some pull back now with possible retest of triangle. But it can also go back for a few more days or a week for some more sideway action and stop loss will get hit. Almost 4% stop loss is much more than I like. I might go for tighter. But reward is big enough that we are getting 10:1 on this trade anyway. I won't be surprised if this stop will be hit and it might break out later . But anyway - I can always reopen a trade when new opportunity arises. ____________________________________________________________________________________ If you've found something interesting here you can like this idea or smash the follow button! Other ways to support my work - if you choose to: --> Sign up on Binance with my Referral Link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this Affiliate Link: www.bitmex.com The supporters will get all the help you need to learn how to use different trading platforms AND understand risk management in trading via Private Messages, Discord, Skype... Never alow your position to be liquidated when trading on BitMEX. You will pay extra fees. Use stop loss. Always use Stop Limit and not Stop Market! You can also choose to make a donation on one of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn Never trade with more money that you can afford to lose. This is the golden rule. The bigger picture
Long
by Metiu
1
PURELY TECHNICAL LONG SWING USD/MXNHey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will be seeking long opportunities to reach the weekly trendline resistance.. Enjoy and take at your own risk ... :)
Long
by subliminal_architect
Crude oil to see recovery from current levels!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - 2 daily Timeframe - 1 - 2 Months Actions on - A – Activating Event Commodity finds Support @ current levels . Commodity to move towards the @60 level, B – Beliefs Crude Oil needs to consolidate before I look at going long. I will stay on the sidelines until then. Will keep u posted :) FX_IDC:USDWTI Happy trading. Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
FX_IDC:USDWTILong
by SMPTrader
EUR/USD - Enter Long with small lot - Awesome profit potentialPrice fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD. I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way. I have confidence in this trade because I can count 5 waves down in this wave C, meaning it ended + divergence started to build. Trade Setup : Long Entry : now or on trend line or MA break Stop : 1.1429 Target 1 : 1.185 Target 2 : 1.210
Long
by ElliottWaveBelgium
1
$USDJPY TREND PULLBACK 5 to 1 RETURNS Recently took a short off the 114.50 handle on this pair and covered in to the 112.00 handle. 114.50 is a huge resistance area and has capped price since 2017. I do believe that if the US equity market stabilizes around its 200DMA and makes a new ATH, USDJPY will break the 114.00 area. With US10Y yields rising, US rate differential with JPY at 2.35% and on track to increase in Dec if/ when Federal Reserve hike interest rates another quarter percent. Looking at the spread between USTs and JGBs is also trending higher which is heavily correlated to this market. The only thing holding this market back is the recent risk off sentiment in the market. As global risk sentiment steady's, USDJPY is catching a bid this morning on safe haven out flows, reclaiming the 112.00 handle. Technicals... Clear trend pullback entry off of a secondary pullback. 4th test of a powerful trend line, its also fib618 from the July low, its the 112.00 handle, horizontal level of support and the trade offers 5 to 1 returns back up to the 114.50 area with a 50 pip stop loss. Looking for a long around 112.00 stop 111.50
Long
by AlexClarkFX