goforextrader

goforextrader

targets on the chart

goforextrader

Expected small correction lower on hourly chart, which would complete inverted H&S pattern on 4H chart.

goforextrader

Downwards moving channel with target to close demand zone

goforextrader

ENTRY 0.9915 SL 0.9860 TP 1.0040

goforextrader

Entry 76.33 SL 75.98 TP 77.35

goforextrader

targets on chart

goforextrader

Good too enter on any pullback. Targets on the chart

goforextrader

After hitting channel support, price action rejected with strong bullish engulfing candle. Expecting for price correction to 50% retracement level and then move up to test again 133.00

goforextrader

I would be looking at the price action close to 1.1500, if I see weakening price movement down, I would be trying to enter long at that location. Otherwise, long after price moves back above 100MA. In both cases, would add more after recent highs would be broken ( at 1.1815) Target, somewhere near 1.200

goforextrader

Multiple RSI bearish divergences Bearish head and shoulders

goforextrader

Expecting a 50% pullback from recent highs and then enter short. RSI bearish divergence on multiple time frames Overbought on daily chart Fast moving MA's are crossing slow moving ones. Significant resistance has been met in last few trading days around 133.00 levels and price wasn't able to break Entry 132.65 SL 133.15 TP1 131.70 RR 1.8 TP2 130.80 RR 3.7

goforextrader

Looking to enter short. Reasoning: 1. Perfect three drive pattern on the chart with target around 0.8900 2. Daily close is near the top line of upwards moving channel, looking at the channel I would expect to see correction back to 0.8960 3. Multiple RSI divergences. Price is making new highs, whilst RSI doesn't confirm that. 4. Head and shoulders formation on...

goforextrader

Looking to enter short. Reasoning: 1. Perfect three drive pattern on the chart with target around 0.8900 2. Daily close is near the top line of upwards moving channel, looking at the channel I would expect to see correction back to 0.8960 3. Multiple RSI divergences. Price is making new highs, whilst RSI doesn't confirm that. 4. Head and shoulders formation on...

goforextrader

Price broke downside of the upwards channel. Head and shoulder formation beautifully sits on the fib extension levels. As per H&S measured move I expect to reach price off 126.33 Entry would be at the test of H&S the neck line and stop would be 15pip above right shoulder. Therefore: Entry 130.40 Stop loss: 131.20 Take Profit: 126.33 RR: 1.74

goforextrader

Price is moving in bearish channel formation. Significant supply zone at 1.3200 level and it's close enough to top line of the channel. Would be scaling in from 1.3160 to 1.3200 with stop loss at 1.3250 and profit targets 1.2850

goforextrader

Looking to enter short at current levels. Few confluences at this point, head and shoulders formation and RSI divergence at the same time are pointing to high probability for short opportunity. 1. Horizontal resistance level 2. 62% fib retracement 3. Bearish Head and Shoulders 4. Bearish RSI divergence Looking for price to move lower to test neckline at...

goforextrader

Price is moving withing bullish channel formation. Currently very close to lower trend line where 200MA line gave support and stopped further losses for now. Looking for the price action in the near term, seeing o lot of weakness with GBP which my push price lover and cause a break out from formation which would lead us for further losses possibly 1.4800 and...

goforextrader

I expect further GBP weakness to persist. I would place sell at 1.3530 due to bespoke resistance on 1h chart. 200MA, 50% fib retracement, and channel upper trend line should provide good opportunity to enter short. Entry 1.3530--13.550 SL 1.3615 TP: I expect lower trendline to break and further downward move to get us to 1.3250 or maybe even more. RR ratio over 1:3