AUDUSD shows a divergence on the 4-hour chart. The support // resistance lines in green are old made back in time from the daily chart. Fibonacci confluence shows that the 38.2% retracement-line could be a very likely first target. Good luck!
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This is a Bullish megaphone, but we're in a heavy down trend. Price is bouncing off the megaphone trend lines really well. Price is entering a very bearish zone. I'm looking to get short around 111.42-111.70, I want to see a bearish candle with some follow through. Once short I would keep my stop around 112.10, just above the swing high. Looking to take profits...
The ascending triangle on the 4-hour chart of EUR/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown). More...
We are looking at USD/CAD (4h timeframe). What we are waiting for is break to the upside and then trend continiuation. We will entry around 1.3160 area. Profit will be taken at 1.340 and stop loss is placed at 1.3050! We wish everyone a great weekend!
Bullish Gartley pattern completing at 1.1171 Overall price action making higher lows and the d leg completing at a point that could be the next higher low / pull back
Potential Gartley pattern (red) and Bat pattern (yellow) forming up on the 4 hour chart in the AUDCAD market. I will update more information on the stops and targets, once the trade develops.
On the Weekly chart, we see that the market has been respecting the highlighted area since February 2015. Therefore we can hope that it continues to do so, by keeping an eye on shorting opportunities. We will have to look at alternative trade scenarios if the market breaks above this level. Right now I'm keeping an eye on this potential Cypher pattern completion...
Here we have a potential gartley pattern forming on the FX:EURUSD This pattern completes with major and minor structural confluence.Typically I would expect there to be signs of overbought conditions as price reaches our entry level. AB=CD move completes just above entry as additional confluence. Entry: 1.14297 TP1: 1.13545 TP2: 1.13084
Currently hitting a long holding 4 hour trend line.. As well as a valid Shark Pattern showed up about 3 hours ago... Looks like it's going to turn back down soon.
The GBPUSD market seems to be setting 3 different potential harmonic patterns within the same area. 1) In blue we have a Cypher Pattern 2) In yellow we see a Bat Pattern 3) In red we see a Gartley Pattern In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D. I will update this post...
Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....
even thought there is a lot of event risk this week I can see a possible right shoulder printing for EurUsd on the 4h chart. Risk Reward is excellent if you are able to catch a short on the right shoulder as I do. TP1 - Neckline 1.250 TP2 - 1.110 Good Luck!
Two downward channels to keep an eye on for GBPNZD on the 4 hourly timeframe. Price currently looks like it is preparing to take out the recent low as we continue to move away from the 78.6 % Fibonacci level. Price is also looking to move away from the support turned resistance zone (pink area), which should also support a move to the downside, as bears look to...
Good ~200-300 pip long setup The pair is looking to stay range-bound within this wedge Would look for consolidation at 1.63 level before taking long position Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally Here's a daily chart showing the wedge
its obvious what im looking for. lets see will it break to upside and trigger buy stop or it will continiue correction
Looking at the 4 Hour chart USDCAD is in a clear downtrend and is currently breaking out of the downward channel to the downside for the 3/4 time. But these moves to the downside have so far been halted for a number of reasons. Namely because any attempt to move away from the 61.8 Fibonacci level (purple @ 1.29705) is entering, strong weekly support and now daily...