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Retest-structure

Rising wedge after the break out? #bitcoinSo far the calls have worked out 9 out 10. not bad.. This one is looking like a rising wedge and a break down to retest either 6.3 or 6K. Somewhere in between there. What are you thoughts? I'm shorting for the short term then a bounce off the 100MA. This will allow a small cool off period to take back off. Still bullish after the short Please let me know what you think below. Please leave your comments, like and follow my page. Thanks in advance -NCCM
KRAKEN:BTCUSDShort
by New_Creation_Capital
FED Providing Volatility | Technicals Still ValidFUNDAMENTALS: The market's opened up on a rough note Monday morning, but later during the day the Federal Reserve announced another QE program which boosted all the markets upwards in general (including Bitcoin). Later following those news, we saw Dow opening with 300 points below, despite the Fed's stimulus move, which ultimately pushed down Bitcoins price from the 6600 zone. These are the fundamentals that provided volatility to the markets, but our technicals worked out perfectly as well! TECHNICALS: After the breakout of the 4H ascending trendline, we were waiting to see it pullback and retest it in order to enter further shorts. This played out perfectly today as we saw the rejection of 6600, which also happened to be exactly on the trendline edge! Currently shorts are active and we want to see Bitcoin break below 5600 to confirm further downside. Updates will follow! This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
1
Trendline Broken | Bears ConfirmedWe have finally broken below the trendline that was formed and respected since May 13th as mentioned in the previous posts. It is now looking very strong for the bears. I am expecting to get a pullback towards the broken ascending trendline to enter further short positions. Next week we might see Bitcoin drop very hard so buckle up everybody, we are going for a ride! Keep in mind that this isn't the strongest break and there could be a slight risk of this forming into a fake-out on higher time frames (4h & daily). Just take this into account as well. Updates will follow up shortly regarding the entry! This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
USD/JPY: Outlook and great OPPORTUNITY!Hey tradomaniacs, welcome to an outlook for USD/JPY. We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone. This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio. Still it is important to see a confirmation for this setup since a potential S/H/S-inverse could cause a break above the trendline for more bullish momentum. ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
AUD/CAD: Day-Swingtrade-OpportunityHey tradomaniacs, welcome to another free signal of Week #45 Nr.1! How to trade: 1. Wait for a confirmation before you sell. 2. We want to see a rejection at the current resistance. 3. After rejection - SELL! Notice: It is possible to see a retest of the trendline before market goes down. This would be our alternative sell-price. ----------------------------- Type: Day-Swingtrade Market Sell: 0,90800 Stop-Loss: 0,91125 Target 1: 0,90469 Target 2: 0,90207 Target 3: 0,89877 Stop-Loss: 32.5 pips Risk: 1-2% Risk-Reward: 2,91 Alternative price to sell: 0,90945 Alternative stoploss: 0,91290 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
5
Market structure retestSo we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as they are key to my trading ideas and swinging for hours on end im anticipating on holding these trades till tp gets hit or i will have a trailing 200 pip tp @.69530 once price gets to 69.430 if price struggles to break the .69530 then i will move my sl to take profit. feedback is welcome
Short
by Helloandtrade
GBPAUD Retest Neckline, Reversal off .382 & .618 Fib ConfluencePrice was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection: 1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg 2) This level correlates precisely with the .618 retracement of the Impulse Leg 3) This level is a perfect retest of the broken Head and Shoulders Neckline. 4) This level is also surrounded by a strong area of structure (highlighted in yellow) Best of luck traders! Please support my page by Liking, Commenting, and Following me. I really appreciate the motivation! Contact Me: Telegram: @AidanMDang LinkedIn: www.linkedin.com Or simply send me a message on Tradingview! See my recent GBPAUD Posts Below:
Short
by AidanMDang
2
EURAUD outlook#EURAUD Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through. My entry for a buy would come after a clean break through the yellow box and a retest between 1.58162 - 1.5832 (SELL) Tp1: 1.58011 Tp2: 1.57833 Tp3: 1.57571 Tp4: 1.57251 If price pushes up and rejects near the trend line, which I see reacting to price near 1.58923 (SELL) Tp: 1.58463 Tp: 1.58653 Tp: 1.58011 Tp: 1.57833 Tp: 1.57571 Tp: 1.57251 If we see price push up we’ll target the trend line as the move and break through the yellow box and a retest between 1.58162 - 1.5832 (BUY) Tp:1.58522 Tp:1.58748 Tp: 1.58923 Consider the news tomorrow evening on AUD at 7:30pm est if the setup have not reacted by then.
by Cory4rex