Bitcoin has been showing some strength of late and is currently holding at the 50% retracement of the previous move, but the fact that it failed to reach the previous high is bearish. Won't be surprised to see it fall back to the 8450 level again
50% pullback of the previous move into a nice level of support. Candle structure over the last few candles is bullish so hopefully we're moving higher from here. A fall in the traditional sentiment on Monday might derail this though
Daily is trending down with plenty of room to next level of support & the 4hr timeframe is showing strong bearish momentum. Wait for a pullback into the 50% retracement level and then a momentum candle back in the direction of the trend before entering the trade. TP at the 1.618 Fib level. Good Luck!
Nice short sell setting up on 1hr AUDJPY . Daily shows continuation of the downtrend while 4hr has good momentum with fanning MA's and price moving down nicely. Enter on 1hr pullback into old support (now resistance) at 73.232 with nothing significant in the way for 200 pips. Good luck! AUDCHF is an almost identical setup. I wouldn't take both though as they're...
$9000 is the 50% retracement level of the previous move and (according to Dow theory) is a likely bounce area for the next move higher. The 1.618 fib extension is a common extended move from the 50% retracement level and take a look where that is ----- smack on the old high, a logical place for the next move to stall for a while. Let's see how it plays out.
Solid downtrend has ended with a bullish engulfer at a level of support indicating the potential for a trend reversal. Go long on break of the bullish engulfer. Sell 1/2 at TP1 - first level of resistance Move stop to entry level Sell remainder at TP2 - second resistance level Cancel trade if it hasn't triggered before tomorrow's candle Good luck
This indicator is a modified version of my small candle indicator. It allows for bigger candles based on ATR rather than median price
Stalking this USDCAD short. Waiting for a pullback into the 61.8 Fib/resistance level
Another one for the watchlist. Waiting for a pullback into the old resistance. Will enter on the break of a bullish candle at that level.
Put this in your watchlist for a pullback into old support and then a short trade setup. I'll wait for a bearish candle at support and then a break of that candle as my entry.
I'm really liking the look of this second chance at getting on this GBPJPY long trade. Wait for a pullback into the 50% Fib and then a bullish candle to form. Enter on a bullish break of that candle.
I've combined the on chart indicators for the TraderCobb cradle strategy all into one indicator