GBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which makes for a nice area to take profit. The next level...
Head n Shoulders, like shown on the chart RSI in a strong downward trend The Swings thingy has been broken AND confirmed too ---> CONFIDENT LONG-TERM SHORT HERE, JUST MATTER OF FINDING A GOOD ENTRY REALLY <--- Best of luck everyone :)
Flags in general continue to go in the direction of trend and also looking at historical flag pattern formation particularly on EURAUD, it is clear, the trend will likely to be kept, so its just a matter of time to look for a good LONG entry! If the rectangle area is crossed, I believe it will be the best time to enter, as RSI show stable upward trend too
EURUSD looks to be coming down to a breakout point through the triangle squeeze. I look for the EURUSD to keep following the negative trend as the USD looks to hit new highs.
As you can see, GBP/USD bounced off the uptrend line AND the bollinger band's bottom. I believe that we will test the middle of the bollinger band next week, which is around 1.5650 right now.
After a sharp drop/ downtrend of AUDCAD a bearish pennant has formed on 4h chart. The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the...
A potential short opportunity at the completion of a bearish cypher which is the 0.764 retracement of the XC leg. With entries at market we get an even better risk/reward ratio. Stops need to go above X. TG1 is at the 0.382 retracement from C to D. TG2 is at the 0.618 retracement from C to D.
After breaking resistance to the upside, wait for a pullback into the orange zone which should now become support. There you can look for a long entry.....
I think the lines make it easy to understand , im looking for a good RR short , possible of three reversalals, we already have the pinbar signal
A potential long opportunity at the completion of a bullish cypher pattern
I have identified a previous support level on the 1D chart that could become our next resistance. The reason why I believe it is very probable to see a downside movement is because the RSI is overbought and there is also a 786 Fibonacci Level on the current price. For me that level is a deeper retracement area. Our Risk/Reward ratio is very good so I am taking a...
This setup is using Bollinger Bands but since they cannot be drawn in the chart this approach is simple, better to see and understand. Stop price is open of previous candle. Entry price is at start of new candle. Limit price is set to be a 1:1 risk reward ratio.
we have a bearish RSI Divergence in the daily Chart + we hit the 0.618 fibonacci retr. (broke through but didnt Close above it). Looking for more down pressure
Possible enter on the 1H chart for the cypher on the daily chart (on my previous idea) based on structure and 0.382 failure pattern.
RSI is oversold, looking to get long on a structure trade on 1h chart