WAVESUSD - 40 days of consolidation. Time for another breakout?
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* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: WAVES_01_16012021
STATUS:: Contemplating about the entry point
TYPE:: Long
PATTERN:: N/A (Still expecting a descending triangle on a lower timeframes or any other consolidation pattern on 1H timeframe)
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta, 4H OBV Delta have to turn green. Price is already above 168EMA on 1H chart
VOLUME:: $3000
ENTRY:: 6.94XX - 7.4XXX
TP1:: 10.17 - 11.54 (30-60%)
TP2:: 12-15 (50-100%)
SL:: 6.8335 / 1.68%
R/R:: 28
RISK:: $50
REWARD:: $1000-$2000
PROS::
1. We got a breakout on 4H MFI which is very bullish and can lead to a big move up
2. 40 days consolidation from the previous high might be enough to go higher
CONS::
1. It will be nice to see a confirmation of our counter-trend line before we enter the deal
2. 1H and 4H OBV Delta are still red. We need to see them green if we expect the price to go higher
OVERALL::
* We still don't have a clear entry point!
* WAVESUSD already gave us few buy signals, but it is still going sideways. So we are still waiting for a PREMIUM buy signal confrimed by a price action
* We don't know yet if the counter-trand line is really showing where the resistance is, so it's better to wait for a price reaction on that level around 6.8XX and 7.4XX
* We MUST be ready to go long on WAVESUSD the move up might occur anytime soon, but let's clarify where the REAL resistance is to buy a breakout
* I will provide my entry point in this publication, so make sure you subcribed on this idea
Feel free to click the Like button and subscribe, your support just makes me happy!
And remember - this market doesn't respect doubters!
Thank you!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: WAVES_01_16012021
STATUS:: Contemplating about the entry point
TYPE:: Long
PATTERN:: N/A (Still expecting a descending triangle on a lower timeframes or any other consolidation pattern on 1H timeframe)
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta, 4H OBV Delta have to turn green. Price is already above 168EMA on 1H chart
VOLUME:: $3000
ENTRY:: 6.94XX - 7.4XXX
TP1:: 10.17 - 11.54 (30-60%)
TP2:: 12-15 (50-100%)
SL:: 6.8335 / 1.68%
R/R:: 28
RISK:: $50
REWARD:: $1000-$2000
PROS::
1. We got a breakout on 4H MFI which is very bullish and can lead to a big move up
2. 40 days consolidation from the previous high might be enough to go higher
CONS::
1. It will be nice to see a confirmation of our counter-trend line before we enter the deal
2. 1H and 4H OBV Delta are still red. We need to see them green if we expect the price to go higher
OVERALL::
* We still don't have a clear entry point!
* WAVESUSD already gave us few buy signals, but it is still going sideways. So we are still waiting for a PREMIUM buy signal confrimed by a price action
* We don't know yet if the counter-trand line is really showing where the resistance is, so it's better to wait for a price reaction on that level around 6.8XX and 7.4XX
* We MUST be ready to go long on WAVESUSD the move up might occur anytime soon, but let's clarify where the REAL resistance is to buy a breakout
* I will provide my entry point in this publication, so make sure you subcribed on this idea
Feel free to click the Like button and subscribe, your support just makes me happy!
And remember - this market doesn't respect doubters!
Thank you!
Nota
Price is testing the resistance. OBV Delta turned green on 1H and 4H. We have a great chance to see a price action to go UP at least 30%. I am looking for an entry point, will share it soonNota
That looks like a nice consolidation above the resistance that might lead for another push up. I'll place my conditional buy order above the highest wick with the tight stop-loss. It might be triggered while i am asleep. Yeah, i won't be able to controll the situation and look at the indicators, but it's impossible to get rich if you can't make money while you sleeping.Nota
Price didn't manage to go above and i was stopped out. Now i placed another trade above the last wick, because i still see a huge bullish potential for WAVESUSD on bigger timeframes. Price at least should go to 10.XX levelNota
Nota
I remain my conditional market buy order at 8.3XXX. Price actin can be explosive and this dip may just to make us asleep so we'll miss the trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.