A potential bearish AB=CD pattern will complete at about 114.5 levels and the 0.618 retracement of the previous decline is at 114.8 level. Meanwhile the previous structure is also located in this zone. So it is good to sell short at 114.5-115.0 levels when bearish candles appear. SL:above 115.2 TP1:113.8 TP2:113.3 and further more
Bullish Gartley coming in at strong support, great long opportunity. Trade with care.
This is not a signal but expecting more downside on GJ despite the earlier bb% break's long favour. Current yen-strenght and on 3m projections a 1.618 confluence? Good R2R
PAIR: GBP/USD TTF: 1HR TRADE: 2-618 NOTE: These are potential Trade opportunities based on my own personal Analysis. Please respect my Trade ideas with kindness. Thank you, Star Prosper Philip Stewart
Price has broken out of a w-x-y-z, so a consolidation on a lower timeframe for a buy is a good idea. With this trading idea in mind, be prepared to be slapped if you are a seller. It doesn't mean the buyers can't be slapped either, it's just that there is high probability of price moving in their direction. If you taking this trade, please use a strategy you...
HELLO TRADERZ! SO THIS MORNING I IDENTIFIED A FEW KEY PRICE LEVELS THAT I POINTED OUT TO MY GROUP OF TRADERZ FOR A SHORT OPPORTUNITY. WE WERE LOOKING FOR A RETRACT BACK UP INTO PREVIOUS SUPPORT WHICH NOW SHOULD BE RESISTANCE. CONFLUENCE WITH THE 61.8 AND AN OVER BOUGHT CONDITION ON THE RSI. LET'S SEE IF WE HIT OUR FIRST TARGET AT AROUND 1.30300s.
Predicting one more leg down to meet the bullish trend line depicted in the chart. NFP and Unemployment event risk might instigate this move.
Getting good signal for long here.. Scenarios; Head & Shoulders pattern on the 38.2% and then we go down to 88.6 61.8 bullish retracement for bullish continuation
watch the 618 retrace level, when it bounces back to there, price drags down.
Having a look at the Daily and Weekly Time frames a cypher is nearing completion. If it completes point D should see us down in the oversold area of the RSI 318 target is 1.49 RR and the 618 target is 2.4 RR
We are long now. See chart
Or retracing lower? We will see this week.
We have had a Double top form on the most recent high so my view here is that we will start to see a retracement. Possible outcomes: We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up or A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed...
POTENTIAL TREND CONTINUATION ON AUDJPY Price is starting to get rejected @ the 84.2 area and also testing the 50 EMA.. If price holds there could be a move to the downside.. Waiting on daily candle to close to see what will happen.. Right now I'm on the side lines just watching for now! :)