BINANCE:ETHUSD Ethereum has found support at daily Anchored VWAP and 50% Fib retracement. Buy entry at 3855, stop loss 3553. First TP 4091 and second TP 4951. Manage your risk and use trailing stop loss.
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According to the chart we have two sharp movements till 8 and after a little pulback we can go to the 12 , and macd has a strong cross above the line that prove that strong momentum . So what do you want to do?
The Disciplined Trader How to Enter the Chart for Intraday Trading: 1. Identify Candle Closure: ○ Look for a candle to cross your predetermined zone and close beyond it. 2. Validate the Break: ○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid. ○ Refer to point 4 for additional confirmation. 3. Use Higher Time Frames: ○ Use the H4 chart for more accurate results and to identify stronger levels. 4. Wait for Retest: ○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts. 5. Intraday Focus: ○ Remember, this strategy is specifically designed for intraday trading. 6. Consider Volume Spikes: ○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest. 7. Set Stop Loss: ○ Use a stop loss of 30-40 pips to manage risk effectively. -THE TRADER'S HUB FAMILY-
https://www.tradingview.com/x/IkrPKSeH/ In this educational articles, I will teach you the best price action patterns for Trend-Following Trading Forex. ?Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the equal highs, a rising trend line based on the higher lows. ❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above. ?The position is opened on a retest. ?Stop loss is lying at least below the level of the last higher low. ?Take profit is the next historical resistance. https://www.tradingview.com/x/ux8OcEOf/ Look at an ascending triangle formation on EURUSD on an hourly time frame. On the left, you can see the structure of the pattern and on the right, the trading plan. ?The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 main elements: a horizontal neckline based on the equal lows, a falling trend line based on the lower highs. ❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below. ?The position is opened on a retest. ?Stop loss is lying at least above the level of the last lower high. ?Take profit is the next historical support. https://www.tradingview.com/x/NiC9tBIR/ Above is a perfect descending triangle pattern that I spotted on GBPUSD on a 4H time frame. ?Bullish & Bearish Wedges The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. ?The position is opened on a retest. ?Stop loss is lying below the low of the pattern. ?Take profit is the high of the pattern. https://www.tradingview.com/x/mGklJ9r9/ Above is a falling wedge pattern that I found on GBPUSD. The pattern is formed after a strong bullish impulse. A trigger to buy is a bullish breakout of its resistance. —————— The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. ?The position is opened on a retest. ?Stop loss is lying above the high of the pattern. ?Take profit is the low of the pattern. https://www.tradingview.com/x/1qICEI7D/ To correctly sell this rising wedge pattern on EURUSD, we should wait for a breakout of its horizontal support and then sell the market on its retest. ?Bullish & Bearish Flags The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. ?The position is opened on a retest. ?Stop loss is lying below the low of the pattern. ?Take profit is the high of the pattern. https://www.tradingview.com/x/fwPwwO83/ Above, you can see a perfect example of a bullish flag pattern on EURUSD on a 4H time frame and its trading strategy. —————— The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. ?The position is opened on a retest. ?Stop loss is lying above the high of the pattern. ?Take profit is the low of the pattern. https://www.tradingview.com/x/kea4YWx5/ Above is a bearish flag pattern on GBPUSD and a full plan to sell the market based on it. ?Bullish & Bearish Symmetrical Triangles The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. ?The position is opened on a retest. ?Stop loss is lying at least below the last higher low of the pattern. ?Take profit is the high of the pattern. https://www.tradingview.com/x/DaUWwsVe/ This bullish symmetrical triangle on EURUSD on an hourly time frame is a perfect example of a bullish trend-following pattern. —————— The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. ?The position is opened on a retest. ?Stop loss is lying at least above the last lower high of the pattern. ?Take profit is the low of the pattern. https://www.tradingview.com/x/KBgGVXRX/ On the left chart, you can see a structure of a valid symmetrical triangle. On the right chart, you can see how to trade it properly. The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart. Once you learn to do that, I guarantee you that you will make tons of money trading them.
https://www.tradingview.com/x/ccev65au/ Hello,Traders! USD-JPY keeps growing In an uptrend and the pair Made a retest of the horizontal Support of 151.500 and A rebound is already ongoing So we are bullish biased And we will be expecting A further move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
Short Term Elliott Wave view in APPLE (AAPL) suggests that rally from 8.05.2024 low is incomplete & should continue upside as the part of daily bullish sequence. It is showing 3 swing higher since August-2024 low & expect more upside against 11.04.2024 low. It ended (1) at $237.49 high as diagonal & (2) correction at $219.71 low. Within (1), it placed 1 at $232.92 high, 2 at $213.92 low, 3 at $233.09 high, 4 at $221.14 low & finally 5 ended at $237.49 high as (1). Within (2) correction, it placed A at $227.30 low, B at $234.73 high & C at $219.71 low near 0.382 Fibonacci retracement of (1). Above (2) low, it favors upside in (3) of ((1)) & can extend towards $261.29 or higher levels before major pullback may seen. Above $219.71 low, it placed 1 of (3) at $230.16 high, 2 at $225.71 low & favors upside in 3 of (3). Within 3, it placed ((i)) at $235.65 high, ((ii)) at 233.26 low & ((iii)) at $250.80 high as extended wave. Short term, it favors upside in ((v)), if ended ((iv)) at $246.02 low, which already reached between 0.236 – 0.382 Fibonacci retracement area of ((iii)). It needs price separation to confirm the view of further upside. Alternatively, if it extends lower from current level, it can either extend ((iv)) or 4 pullback in (3) as discussed in video. But in either the case, it should extend higher to finish sequence started from 11.04.2024 low as (3). We like to buy the pullback in 3, 7 or 11 swings at extreme areas, when reached. It expects more upside towards $261.29 or higher levels, while dips remain above 11.04.2024 low.
On Monthly TF, two harmonic patterns have been drawn. Gartley (94% complying) and Butterfly (88% complying). In this bull run prices are moving way to fast. And due to market sentiments Bulls are in control. In normal bull run Gartley pattern will be complied before price drops but chances are that price will make new All Time High and follow Butterfly. RSI is around 80 without any sign of reversal; however, minor retracements are normal but overall price will stay in up trend. LONG Buy Trade Call Buy-1 : 50.78 Buy-2 : 61.00 SL: 39.00 TP1: 57 TP2: 78
Step Into My Thought Process: Breaking Down Tezos Charts for Short-Term and Long-Term Trends CRYPTO:XTZUSD ? Real-Time Crypto Analysis: A fresh look at COINBASE:XTZUSD with insights into current market trends. ? Key Levels to Watch: Highlighting critical price points and potential breakout zones. ? Educational Takeaways: General observations to help you understand chart movements and market behavior. ? Short and Long-Term Outlooks: Balancing immediate trade opportunities with broader market potential. ⚡ Actionable Insights: Guidance for navigating uncertain price action and identifying promising setups.
BINANCE:SOLUSD Solana has found multiple support at 210, daily pivot, daily Anchored VWAP and 50% Fib retracement. Buy entry activated at 230 and Stop loss at 210. First TP 267 and second TP 300. Manage your risk properly. Use trailing stop loss.