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Higherhigh

Falling Wedge breakout.APHA has broken the downward sloping resistance of the Falling Wedge pattern outlined in blue flush to the upside, and upon back testing the area of resistance it's now turned into support. Notice the higher high creation for the first time since 2018 ATH's? The Green pattern in this chart is an Ascending Triangle, and upon break out of this pattern APHA has created a Macro higher high. Any pull back in APHA would need to hold either the top of the ascending triangle upon a back test, or the upward sloping green line of support if there's to be continued bullish price action.
A
by ScotianBot
1
Make It or Break it GBPJPY!!I have much fun analyzing & trading the Great Britain Pound. I'm expecting short term bullish action within the upcoming hours on GJ. Price has been moving back & forth between a 15min Uptrend Channel, while creating higher highs & higher lows during the process. I've identified a few higher lows on the chart. It's also is currently sitting above a 200 moving average after the crossover highlighted on the chart. If price break the 20 ma I set, I see it rising to the local resistance level. Nevertheless, bears could still possibly gain some momentum. I've marked my take profit area. Whats your thoughts on GJ? Love to hear your analysis & remarks!
Long
by lobfxempire
LTCBTC Level Trade|Trend HH|S/R Flip Retest|Volume Influx|200 MAEvening Traders, Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade. Points to consider, - Trend higher high - S/R Flip Retest (Local Support) - Immediate target (Weekly Resistance) - Oscillators above 50 - Noticeable volume influx LTCBTC has established a technical higher high, early signs of a trend change – this gives us an immediate bullish directional bias. An S/R Flip retest will validate a long trade with the .618 Fibonacci as an overextension, this will solidify local support. The Immediate target is weekly resistance, LTCBTC also has the daily 200 MA to clear, profit taking zone. Both oscillators are above 50, not over-extended, this signals a probable further push in the market. LTCBTC has had a strong volume influx, engulfing all previous nodes, follow through is needed for continuation. Overall, in my opinion, LTCBTC has a valid long play. A retest of local support will allow for a defined R:R trade. Price action is to be used upon discretion. What are your thoughts? Thank you for following my work! And remember, To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
Long
by The_Alchemist_Trader_
EUR/USD SHORTHello Traders !!! I bring to you a second idea ! Take a look also on that idea posted earlier in this night that is on a small profit ! So EUR/USD hit a high from 2019 January, Risk on sentiment and economic news from Europe and USA are not good but somehow USA manage to be better than Europe. To be honest, in those days you can buy GBP, it way more stronger than USD or EUR. Also for those of you that have a risky appetite and make scalpping, take a short look at XAU/USD on 3 minutes TF, a nice pattern there ! For out SHORT on EURUSD, you have the TP and SL on the chart but please have patience, my POV and analyses are for a longer period of time but that get more succes ! could wait 2-3 hours until get the good part of the forex ! Please have in mind your money management system and ask for any question ! Take care and have a good day !
Short
by Andrei_C
LINKed To The Herd Mentality?While Bitcoin and the well known alts continue to cure most trader's insomnia, Chain Link has taken the spot light. Once this alt broke out from it's previous resistance of around 5, it has been vertical. If you are new to trading, I would like to welcome you to another fine episode of the HERD mentality in action. Can this thing go to 10 over the next week? In this video I am going to provide technical levels to consider that are proportional to recent price history. Fundamentals drive attention, that's about it. People want to hear a good story, one that is full of hope, promise and drama. The next Bitcoin! Or some other attention grabbing hype. Stories are part of human nature and are rooted in a form of logic, or cause and effect. What you may not yet realize is that timing markets has very little to do with "cause and effect" and everything to do with behavior. Our strategy has only one objective and that is to capture short term gains that are a result of price momentum. In order to do this consistently, criteria has to be met otherwise it is outright gambling. Before we even think about assuming risk, we need to answer two questions: if we bought now, what is the probability that this momentum will continue enough to produce a positive outcome, and second, what is the reward/risk? For Chainlink, the 6.80 level is a price projection based on recent structure (emotions express themselves in patterns which can be measured). This means the probability of a retrace is greater than momentum continuing higher. Buying now is a low probability behavior which will not produce consistent returns in the long run. What about the reward/risk? At this point, the risk can be measured from the support around 5, which means you are risking about 2 to reasonably make 3, BUT since PROBABILITY does not favor the move, then WHY take any risk to begin with? The ideal situation within the rules of our strategy would be for price to retrace to the 4.80 area and present a setup. THAT is when probability AND reward/risk make a lot more sense. Will it retrace? We don't know, it is all a matter of being prepared IF such an opportunity presents itself. Consistent performance comes from following EFFECTIVE behaviors and good habits, NOT from reacting to or chasing action.
COINBASE:LINKUSD
by MarcPMarkets
7
US1000 1072.1 +0.4% LONG IDEA Good Day Evryone Here's a look at the US100 index , the H&S setup didnt hold as we see the index continues hitting HH & HL we remain in an uptrend on the index so looking for longs from here we just hit a swing low so perfect time to look for entries on lower timeframes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD -DAY TRADE TARGET - 10952.2 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
ULong
by PULEMokhothu
GBP/CAD trend continuation GBP/CAD long. Price retraced at fib 0.382 zone indicating a strong trend and potential bullish move. Fibonacci extension tool used from most recent extension move - 1.272 level is a previous level of resistance. H3HC would be used as entry candle and buy at market order placed 1 pip above H3HC candle. R:R of 1.13. Stop loss placed below Psychological level @ 1.6999. 240 - HTF - identify & predict 60 - LTF - decide & execute Let me know if you entered this trade. Joe
Long
by PIPDADDY22
Market Structure with Support Resistance - #Basics #LL #LHHello Traders! I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand. Why do we need to analyze the Structure? We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very good if you are Swing Trading but it is also great if you day trade it. Market Structure: The market creates Lower Lows (LL) and Lower Highs (LH). Also you can use Support Resistance for that. As you can see on the chart, it fits perfectly. Support became Resistance after breaking it and also there we mostly have then a LH in a Down Trend. I hope you could learn something. It is one of the basics. And if you are more advanced trader, I hope that you are reminded through this post at one of basics Thank you and we will see next time - Darius.
Education
by DariusFxTrading
1ST - MACD TREND FOLLOWING STRATEGYQUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES? 1ST - MACD TREND FOLLOWING STRATEGY Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. First, let’s visualize how an authentic swing point really looks on the MACD indicator: The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline. At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above). When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low). Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. Did you notice? The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought EUR/USD the same day the bullish divergence trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry. Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade. Conclusion: The MACD Trend Following Strategy is a very simple trend following strategy and yet a very profitable strategy at the same time. As the saying goes, “The trend is your friend” and no matter if you’re just starting as a Forex trader or you’re already an established trader life is much easier when trading in the direction of the line of least resistance rather than fighting the trend which is a loser’s game. The success behind the MACD Trend Following Strategy is derived from one simple principle: momentum precedes price.
Education
by Tradingstrategyguides
3