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Breakouttrade

BREAKOUT IN EURCAD - 1H CHARTHey Traders, Hope you had a great weekend. We have an opportunity to sell soon in EURCAD. As soon as we get the breakout look for any flag to sell for a pontential bearish impulse. Keep an eye on it. - Hey Traders, Espero que hayáis tenido un buen fin de semana. Pronto tenemos una gran oportunidad de venta en EURCAD. Así como se produzca la ruptura de la tendencia buscad cualquier bandera de venta para entrar en un impulso bajista potencial. Id echándole un ojo.
Short
by ccerezo11
5
ELLIOT WAVE IN AUDNZD - 2H CHARTHey Guys, Just wanted to show you the labeling of this impulse applying Elliott Wave Analysis. We are looking for a buy set up and then trade a move uptrend. Then we will try to identify the next corrective structure. - Hola Chicos, Sólo quería mostraros las etiquetas de este impulso aplicando Elliott Wave Analysis. Estamos buscando un trade en largo desde la estructura actual de compra. Después miraremos de indentificar la siguiente estructura correctiva. Carlos
Long
by ccerezo11
AUD/NZD THREATENING THE DOWNTRENDFX:AUDNZD The rate has finally climbed up to test the massive inverse head and shoulders pattern neckline at 1.0770. At the moment I expect bears to push the price lower to confirm the neckline resistance, however, I will be looking for an upside break and daily close above to enter a smaller long position and wait for a retest if the old resistance becomes the new support to scale in a full position Only a break below 1.0600 would invalidate my immediate bullish bias on the pair.
Long
by TradeItSimple
GBP/USD - BREAKOUT COMINGFX:GBPUSD The rate has been stuck in a contracting range for this past month and it seems to be very close to breaking out indicating the direction the next move will be. Because of the rate currently trading in the exact middle of a larger box range I don't have any particular short term bias and will be looking to trade a break on either side. For a dowside break and a move towards the larger range support at 1.2000 I will be waiting for a strong break (or a daily close) below former resistance/now support at 1.2400. For an upside break I will need to see a strong bullish candle (marubozu or the like) to target the range resistance (and a possible double bottom neckline) at 1.2775.
by TradeItSimple
Einsteinium / Bitcoin - Breakout of 'head and shoulders' patternEntry: If the price breaks above the last high (shown by comment A) we can think about buying. I already have a buy-stop in place for this. The initial stop will be under the current range (shown by comment B). Exit: We're going to manage the trade by moving a stop up under the lows on the daily timeframe. If the price makes any substantial move in one day we can break down to a smaller timeframe to make sure we capture some profit before it collapses (something common in these cryptos) What analysis i'm doing: If we break above the last high the price will be forming a reverse head and shoulders pattern. More important for me is the general shape the price is forming (shown by the blue curved line). Although a bit messy the price is stopping moving further down slowly giving time to properly reset before moving upwards again. It's good to see the price moving sideways like this above the last lows. The market is accepting the the current higher price as a new base. We already have two good wicks on the last lows and a high low (shown by comment C) The moving averages arecrossing and the price is holding, more or less, above the faster one. We can get some really good risk to reward on these cryptos so attempting an early buy like this can pay off. i'll consider this setup invalid if the price breaks below the range, and will then have to re-asses. Good luck everyone! Mark
ELong
by MarkLudgate
Pascal/Bitcoin triangle breakout - PASC/BTCI'm going to prepare for a breakout of this triangle pattern if the price goes above the last high. Hopefully the price will consolidate more and we can cancel this trade and get one with a tighter stop and therefore a better risk to reward. EDIT: We just broke above as i was writing this, so we're in the trade now. Let's set the stoploss and see what happens What I'm looking for on this set up: - The overall trend is upwards and is moving between consistent higher lows and triangle patterns. for me this is the most easily predictable form of price movement and is why i like cryptos so much for trading. - The triangles are great as after this kind of consolidation the price will usually pop in the direction of the break and you can get a really goo risk to reward. If we get a similar move to the last triangle we could be looking at 10:1 risk/reward or more. - When these new coins get added to Poloniex there is often a hype about them creating massive volume and liquidity, as well as an overall buy panic. With this you get these really nice patterns and minimal erratic price movements. Pretty good because you can safely use a smaller stop (better R/R) without worrying that the price will suddenly drop and take out your stop. Gonna move up a stop up under the 30 min or 1 hour swing lows and if we get a sudden large move upwards, i'll probably break down to a lower timeframe and move a stop under the lows there instead. Hope this goes well for anyone involved...good luck! Mark
PLong
by MarkLudgate