Waiting for market to continue the pattern so I can go ahead and buy when the market bounces off the support levels set.
CADCHF is showing major support levels, there's been 5 times that this has happened and every time it has hit a support level, it goes up a lot. Hopefully it will hit T/P
It follows a XABCD pattern which shows a consistent pattern with no breakage of pattern. Taking T/P at 566.2 pips hopefully and S/L as 147.1 pips as a market order.
USDJPY is showing a very high probability Short Setup on the 1 Hour Chart. Strategy: The chart shows a Horizontal Line which is drawn from the Higher Time Frame Chart (Daily Chart if the Trading Time Frame is 1 Hour Chart) from the Historical Data. The point where a Swing is initiated which breaks the most recent Swing Point and gets accepted following the break...
EURUSD has the looks of topping out here. Good for at least 25 to 40 pips in next 24 to 48 hours. Entry -- 1.1675 sell (2 lots) TP 1 -- 1.1648 (take off one 1) TP 2 -- 1.1610 (take off the other half or let it ride!) Pls tell me how I can serve you. PM me to find other ways we can collaborate.
trade with care. good luck
MONERO Classic Elliot wave. Short-term. Yesterday I was building and drawing this chart with waves, but I was extremely unsure that it would work and decided to leave it untouched until tomorrow. Guys, Wave B was formed exactly according to my calculation per night. Now I have no doubts. It's very good opportunity to re-buy!
Dash trendline seems to be showing a slight ascendance to the profit hopefully + previous support shows a massive long term setup if it moves with the pattern. Both support and dashed trendline seem to be in correlation with each other. OR We can wait for the market to retrace onto the bold trendline in which should give us a deeper profit goal.
Price could retrace back because it touches the resistance line many times and it is appearing to retrace back quite a lot due to many swing highs and less swing lows.
My trend analysis on 1hr chart
GBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped...
Good luck
My basic trend-analysis of USDJPY on 1hr chart.
- Potential Long position as trend breaks out of bearish trend -This is further confirmed by cross over in MACD -be wary of retest of support, so may be worth waiting for MA crossover before taking position - Positive forecasts for US economic data scheduled tomorrow (19th July) however be wary if forecast is inaccurate
short-term trade going long on the EURUSD once it confirms a bounce off the trend line already established as resistance now testing again for support. Likes, Comments, and follows are appreciated! :)
As we can see in the chart it has broken the lower trendline. Entering short at current price with TP at 61.8% retracement and SL above previous retracement.
The D leg of this butterfly should be located at the first target of the former bat if I am correct. Good luck.