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GBPJPY 151.396 + 0.13 %V LONG IDEA * CONTINUATION PTTNS * PR. ACHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE POUND / YEN . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
EURGBP Potential Bearish BreakoutLooking at the $EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure. The 2 ways to handle this situation would be to 1) Position yourself ahead of the breakout & 2) Wait for the confirmed breakout & look to get involved after a period of relief (pullback) Targets are set at a higher timeframe level of structure (looking left) along with the confluence of an AB=CD pattern & a 161.8 Fibonacci extension level. Akil
Short
by Akil_Stokes
3
ADA could be moving higher ADA has been consolidating since the beginning of march after hitting heavy resistance at 1.50USD, and has begin to start trading in a ascending triangle formation. This is a wide formation that could conclude as late as june, however that is unlikely because crypto markets hardly stay still for long. We could see 1 or 2 more retests of the highs at 1.50USD before volatility resumes. The upside target for this pattern is 1.96USD. It should also be noticed there is strong resistance at 1.30USD and strong support at 1.18USD.
KRAKEN:ADAUSDLong
by zac_destroys_all
2
The only ADA chart that matters.Lots of people have been frustrated with ADA's inability to break heavy resistance at 1.50. Lots people are learning the hard way that markets ebb as much as they flow. However the big picture here is still very much bullish. The big picture for ADA even looks bullish VS. BTC. A symmetrical triangle pattern has been developing over these last couple of weeks on the ADABTC chart. The upside target is 0.00003400BTC. To confirm this as a bullish trend I expect a bounce at 0.00001740BTC. If we break below this level is will spell trouble for ADA VS. BTC imo. To confirm this as a triangle pattern ADA will then have to break the resistance trendline, closing candles on the 4 hourly and especially daily charts only then will I be confident in this move when considering the time frame it took to develop.
Long
by zac_destroys_all
TKAT- Gamble on the NFT crazeGambling on TKAT is in a way not much different from gambling on blockchain stocks back in 2017. Anything digital is a fair game in the realm of NFT as even tweet was up for sale as Jack Dorsey demonstrated that today. TKAT's Insider ownership is almost 50% and TKAT's institutional ownership is close to zero, indicating the high volatility this stock possesses. Volume has retraced more than 66% since it reached its record on Wed. It seems to me that TKAT is at beginning of the distribution stage. Short interest is low and market is irrational so I'm not ruling out a modest correction followed by the continuation. Game plan: Market buy 1/5, then fill out the rest in the demand zone. TKAT is volatile. DO your own due diligence. Not the investment advice.
T
by Libratus
2
GBPUSD FORECAST update and mini lessonThis is an update as to what im looking at on GU and why im looking at this. Pay close attention to the drawing, theres some nice lessons in this one. Im looking for swipes of the buy side and sell side liquidity which you can be seen in the green, at the moment financial institutions are stacking orders (building liquidity) which is creating this correction. Once liquidity has been taken the move will continue. Preferrably im looking for a sell to continue with the momentum down however i will take a buy down the bottom also as long as it fits the description. As you can see in the drawing im looking at this as a higher time frame continuation down. Generally flags have two highs and two lows, if you cant see this its a good idea to look over different time frames in order to find it to gain clarity of what is happening which is what i do
by Bill-from-The-trading-Cartel
1
GBPUSD 1.40 + 0.21 % LONG IDEA * PRICE ACTION AND CONTINUATION Hello everyone Hope everyone is good and had a great weekend, Here's a look at a trade that was broken down this past week see attached idea's its another look at the POUND / DOLLAR still watching price and looking for continuation with the bulls in an uptrend the pair is currently consolidating in a bull flag as we approach the nearest resistance level 1.40838 its clear as day that momentum to the upside is slacking a bit the bulls are loosing control but we still here. * A break below doesn't necessarily change the plan watch price. * Perfect opportunity for intra-day trades to trade roof & floors of the bull flag * follow your entry rules lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu