Multiple support & resistance lines on the 4 Hour chart of AUD/USD. Currently not trying to breakout trade, just going for range. Entries are marked on the chart. Would recommend you to set your own stops and take profits as I'm currently just experimenting with them.
I'm planning on releasing some other charts like this one, see what SL/TP would have given me...
Orange trendline broke. If it ever reaches back to the trendline, sell with a SL at the red trendline and a TP at the green trendline. You can either manually move stops/take profits as time passes, or find a EA that does it for you.
There is also a support/resistance line marked green on chart, you can trade using it if you want.
Great medium term sell level to enter for AUDUSD
1hr and 4hr charts ready to ease off RSI
3 waves up from bottom on daily chart
hitting ichimoku cloud right now
TP1 0.7455
TP2 "yet to be determined"
SL 0.7570 (30 pips)
Bearish 4H candle that hit 50% Fibonacci, 100MA and ichimoku cloud.
Price action now correcting lower for at least 2 more four hour candles.
*beware of NFP data in 5 hours or so
SL 1.2927
TP1 1.2800
TP2 1.2772
You may contact me for further support on the internet if you need. See my TV profile for more info.
A break, retest and bounce from that bearish trendline and a cross over the immediate zone could potentially see this pair continue further. personally, i'd wait for price to cross over the 0.75 area for a long, and below 0.74 for short. Will have to wait for the monthly close to get an idea of the direction this pair is headed.
Hi all,
We could see a nice bearish bat developing @ 1.078 where we have a confluence of points.
Risk - Reward is well over 1:3 for this trade with target @ B of the pattern.
Happy hunting ! :)
We might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair...
Looks like a double top pattern is forming on the UJ 4hr chart. Price could head back down to test 113.66 support level. Which would also be the neckline. If price breaks the neckline/support. Price could head to the 111.89 area of support. We shall wait to see how Friday NFP holds up.
Hi Traders,
Wanted to share this with anyone currently back testing Buttefly patterns.
Rules being followed for this Pattern:
BUTTERFLY
Point B -
At least 78.6% XA
(must close below 88.6%)
Point C
At least 38.2% AB
(must close below 50%)
Point D
161% AXA -2.26%
Fib Retracement( Bearish )
Or
161% AB confluence –
( Bullish )
Profit
38.2% AD
61.8% AD
PAIR: GBP/USD
TTF: 4HR
TRADE: BAT PATTERN
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it...
AUD/NZD butterfly pattern, XA retracement closer to 78.6 and C point at 78.6 of AB legs. PRZ at 1.272 of XA and 1.618 of BC extention.
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Potential...
