The currency is ranging on the hourly which provides an opportunity for us to look at smaller time frames for trading set ups. We have seen the recent uptrend stall and the bulls appear to be weakening, providing us with a excellent opportunity to get in for s SHORT position and ride it down to the bottom of the range. Trade as specified provides a 2:1 Risk reward...
A potential short opportunity at the completion of a bearish bat which is the 0.886 retracement of the XA leg Stops need to go above X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
A potential long opportunity at the completion of a bearish bat which is the 0.886 retracement of the XA leg Stops need to go below X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
A potential short opportunity at the completion of a bearish gartley which is at the 1.272 extension of the AB leg. Stops need to go above X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
A potential short opportunity at the completion of a bearish gartley which is at the 1.272 extension of the AB leg. Stops need to go above X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
A potential long opportunity at the completion of a bullish bat which is the 0.886 retracement of the XA leg Stops need to go below X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
A potential short opportunity at the completion of a bearish bat. For a valid bat pattern I need: 1) 0.5 retracement of the XA leg but price is not allowed to touch the 0.618 retracement 2) At least a 0.382 retracement of the AB leg but price is not allowed to go beyond point A 3) Completion of the bat pattern at the 0.886 retracement of XA leg Short entry at...
Going long on this is a textbook example of the 2618 trade: Perfect double bottom after a downtrend break through neckline Retracement between 61.8% and 76.4% Fib levels Also we have previous structure and RSI nearly on Oversold. Hope you guys like it
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible AUDCAD 15m Short Opportunity (slightly risky) 1. RSI Divergence 2. Double Top 3. RSI Oversold 4. 200 SMA lagging 5. Reaching a resistance area
Possible situations of what might happen in the next hours / 1-2 days 4 November 2014
After the Cypher in the Asia Session here comes another opportunity in case of a bullish bat pattern completing at around 1.8518 TGT as shown