traderslounge

Tumi_Sosa Updated 

I did a nice monthly review on the EURUSD. Way too much confluence on this currency pair. 1. We have been trading a major correction this whole time. 2. Major flag 3. ABC Pattern. 4. Bullish Butterfly. 5. MACD I placed a PRZ where price can reverse. If price continues to drop and leaves the harmonic patterns PRZ box from the bottom im no longer interested...

Tumi_Sosa Updated 

Setup displayed at a strong support zone. We can expect the trend to reverse at this point and head towards our Fib. levels. We also have a nice oversold region on our stochastic so we have more confluence to go long on this trade. The trend is most likely done correcting. Remember we no longer interested in this setup if it leaves our PRZ zone from the downside. :)

Tumi_Sosa Updated 

Nice support zone. We can expect the market to reverse at this point. Stochastic is also oversold. :)

Tumi_Sosa Updated 

Re-test resistance zone. Inside bar at first top and 2nd re-test at 2nd top. Target:121,527 Always apply risk management :)

Tumi_Sosa Updated 

Trade this setup up with confluence. I'll update this idea on a lower timeframe/chart. :)

Tumi_Sosa Updated 

Price is currently at a strong resistance zone. We can expect a retracement/correction to the downside before going long again. I'm looking to short this pair when my trading plan agrees. Stochastic is approaching the overbought area. We also have a nice bearish divergence for a sell on the 1 hour. :)

Tumi_Sosa Updated 

I'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought. My Target area: 78,200 - 78,000 Always apply risk management. :)

Tumi_Sosa Updated 

Stochastic overbought on the daily. Trend has reached a strong resistance zone. If the trend continues to move up and passes the box consider the harmonic pattern invalid. Wait for your sell signal. Always use risk management. :)

WeezyLegenD Updated 

$LIGA is making higher highs and higher lows. As its moving up its consolidating in each price range. The price range consolidation I see now going on is high 005s to mid 006s, this action has me in a long position from $0.0039 Happy Trading!!

ForexPortal Updated 

Bearish flag breakout after range movement. Target 1 was hit. We jumped into the trade early according to our strategy.

UnknownUnicorn560970

The FX_IDC:AUDUSD pair is approaching key levels on this weekly chart. A close above 0.7710 followed by a close above the March high of .7840 would confirm what could be a relevant change in behavior.

UnknownUnicorn560970

NZDUSD 20min on the watchlist. Test and close of the bar will warrant closer attention. Context bigger time frmae: Price is moving into prior sellers area.

UnknownUnicorn560970

GBPUSD needs to hold here. It would have been better though for price to take out the 1.3290 highs prior to testing the lower parallel / sliding parallel