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GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL) BUY Entry: If price break and closes above alert price, enter on the break or the retest Alert: 149.887 TP1: 150.262 (38 pips) TP2: 150.586 (70 pips) TP3: 151.056 (117 pips) TP4: 151.495 (161 pips) TP5: 151.880 (200 pips) SL: 149.383 (50 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits SELL Entry: If price break and closes above alert price, enter on the break or the retest Alert: 149.279 TP1: 149.081 (19 pips) TP2: 148.876 (40 pips) TP3: 148.654 (62 pips) SL: 149.676 (40 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits N.O.T. A PENDING ORDER
by faithintrade
GBPNZD PRICE TRAP 1HR tfGBPNZD Price Trap - (BUY/SELL) BUY Entry: If price break and closes above alert price, enter on the break or the retest Alert: 1.93596 TP1: 1.93941 (35 pips) TP2: 1.94267 (67 pips) TP3: 1.94607 (101 pips) TP4: 1.94928 (133 pips) SL: 1.93097 (50 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits SELL Entry: If price break and closes above alert price, enter on the break or the retest Alert: 1.92718 TP1: 1.92448 (27 pips) TP2: 1.92120 (59 pips) TP3: 1.91837 (88 pips) TP4: 1.91482 (123 pips) TP5: 1.91233 (148 pips) SL: 1.93036 (32 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits N.O.T. A PENDING ORDER
by faithintrade
Sharp uptick in BTCD,Sharp downtrend in Total2...to be continuedLooks like weak hands have reached levels where they are freaking out, giving up, and shedding their overvalued alts into the market-just the beginning imo. Have a feeling there is going to be some clean up in the near future before there is any definitive bullish market state for alts or btc. Only time will to hell. If it loses that support, there is a huge double top in play and I suspect that will take us down to .382 approx 700billion. Loses that crypto, across the board, is bear, imo. *Beginning trader and technical analyst. This not financial or trading advice. CRYPTOCAP:TOTAL2 COINBASE:BTCUSD CRYPTOCAP:BTC.D
CRYPTOCAP:TOTAL2
by Cryptough
LTC Bullish Trend - Possible 295 USDTSince March 31st, Litecoin has had a reoccurring sequence of an ascending broadening wedge (bearish), followed by a downtrend to support level, then succeeded by a sideways channel between support and resistance levels which plays out for 2-4 days. This sequence has appeared 2 times since March 31st and is forming again with current price levels. Currently, the price is forming the sideways pattern after breaking down from the ascending broadening wedge back down to support. Therefore, for the next couple of days, Litecoin can be expected to fluctuate in a sideways manner between 245USDT (support) and 260USDT (resistance). If it breaks the resistance of 260USDT, another ascending broadening wedge should occur. Based on the magnitude of previous ascending broadening wedges, the mean percentage increase is approximately 17.79 percent. Therefore, the next ascending broadening wedge should increase the price by around 46USDT, forming a new price level of around 306USDT. However, 300USDT is a massive psychological resistance, and therefore I would take profits at 295USDT to 300USDT. Right now, the MACD and Stochastic RSI are showing bullish crosses, which indicate the price should increase within the support and resistance levels in the short term. The RSI is at a neutral level of around 50, meaning the coin is neither overbought nor oversold. Entry points: If you are an aggressive trader, a good buy point would be between 240-250USDT. This is high risk and high reward as LTC can fail to break resistance and fall past support. If you are a conservative trader, a power play would be to buy the retest once it breaks the 260USDT resistance. Therefore, a good buy level would be a retest at 260USDT. *Edit: The resistance level is simply the highest peak in the graph within this month and the support level is the previous peak as created by the previous ascending broadening wedge.
KRAKEN:LTCUSDLong
by rainyang
1
Go Go BNB! 🔥I did this charting on 4H time-frame, Let's look at it.. Binance Coin was ranging in nice triangle for about a month, now it breaks it upwards. It's time for a little pull back to test it's lower support level above the triangle.. This is good opportunity for us to step in and buy some BNB. I did this analysis buy combining Triangle classic pattern and Fibonacci Levels: Buy position: 260 - 270 Target 1: 390 - 410 Target 2: 468 - 484 Stop-Loss: 213 What is your point of view or analysis on BNB, I like you to share it in the comment section for me, so we can share our knowledge together. And, As always feel free to ask any question about this chart in comment section, I will happily answer you :) If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Long
by ArshiaZojaji
8
What price to take profits? DOGE COIN & Price action (ĐOGECOIN)Perhaps the dollar is in accumulation from the last month. We have four times Doge test the trend line and proves to be a very strong support line. We can see price react very strongly to take profit at 0.382. But in my opinion on this 3rd test it will fail and head towards the target of the 0.5 zone. Be careful at 0.618 zone, this strongest resistance, we should be take profit 50% if the price reacts strongly in this area. Entry: < 0.06$ Stoploss: 0.0535$ Take profits: 0.0696$ and 0.0762$ and 0.0855$ and more..
Long
by BMynameX
2
BTC correction overdue, Oscillators at extremes, Median line hitBTC has been on an amazing run this year, Seems like nothing can stop it. However it feels like a correction is overdue. The question is; will BTC smash through this median line and make its way to the top of the channel or will it correct and retest the channel shown in red? Key points: Oscillators are at extreme highs (but they can stay this way for a long time!) Last time the RSI was this high was at the top of the 2013 bull run and the MACD has never been this high The median line of the long term channel has just been hit Bias remains bullish long term A retest of the red channel would be around $25,000 RSI almost at all time highs & MACD at all time highs: Trade with caution. I'm not buying BTC here, but I'm certainty not shorting it either. Instead I'm locking in some BTC profits and looking for opportunities in the alts. Hopefully we're at the point in time where the alt season starts really warming up. Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BITFINEX:BTCUSD
by TribeWriter666
5
Dogecoin will continue to go to HeavenDogecoin will continue to go to heaven !!! Following the previous analysis I published for you, Dogecoin made a great climb, but it still continues Dogecoin still has great growth potential due to the attention of most of the community The pattern I published in the previous analysis was broken and now the price is retesting the pattern At this point, if the price starts to rise after touching the pattern again, the pattern will continue to move and the target published in the previous analysis will occur. But be careful and never forget to set a Stop Limit To better understand this analysis, refer to the previous analysis of these ciphers in my profile : To support us and encourage us, like this analysis and follow us Thanks Hamid Mojarad Lecturer, consultant, analyst and trader in financial markets Consultant of reputable investment companies
by HamidMojarrad
GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends, I posted about this position at February 9th when i took buy positions. Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200. I've decided to closed my buy here first and booked +280 pips profit. I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle. My GBPAUD also now floating +100 pips and i am still holding. I am planning to take profit once price reached 1.80xx area. IF you took both trades with me, you should be in profit as well
Long
by HayatoDragonFX
1
Risk Management: How to set a Take Profit (TP) for your trades Hello everyone: Today let's dig into an important topic of setting a Take Profit (TP). While many traders will often have different strategies and methods on a TP, let's take a look on my approach and style on this. ITs important to understand there is no right or wrong when it comes to setting a TP. ITs what you have in your plan and what makes sense to you as a trader. It should align with your strategies and trading style also. Some may take profit quicker and move on, while others hold for longer term. Understand that both methods can have drawbacks, it's what trading is, double edge. So, make sure we follow our plan and executive accordingly to our management. Otherwise we are just making emotional decisions again. Let's look at a few scenarios on how I would set a TP. Directly tie in TP is a SL. I usually will only enter a trade if I have 3:1 RR. Meaning risking 1% to gain 3% or more. Therefore my TP will almost always be 3 times of initial SL amount or room. Few TP scenarios: -Beginning of the the previous correctional structure -Double Bottoms/swings low area, watch for LTF reversal price action and correction When price breaks ATH, monitor the price action on the LTF for bearish reversal. I would want to see a trend change, rather than a pullback. Few things to consider: -Understand you will never enter at the lowest point, and exit at the highest point Make sure you have a plan before so you will not get into an emotional decision. Always know what you plan to do before it happens. No Right or wrong as long as you follow your original plan. You can of course in time modify your plan based on market conditions. Any questions, comments or feedback please let me know :) Thank you
OANDA:XAUUSDEducation
by jojofang0901
27