Pretty simple. W/ Quad bottom with lots of wicks at the 61.8. Unmatched bullish volume. Aggressive TL break and close and retest soon. That's the entry.
The market is back up against a major level of structure on the 4hr chart and has put a bearish engulfing candlestick while the price is still under RSI 50%
Before we analyse the setup, realize its aggressive entry purely based on trendlines n price action. If you are aggressive trader and your trade plan aligns with this, then short Eurusd, else just watch how it works out. We won't be millionare in single trade, so no harm in watching aggressive setups but we will surely lose some dollars if it fails :) Happy...
Potential short term bearish trade - Aggressive C sell entry for a bullish AB=CD pattern. Price must remain below the 61.8 Fib level and the hourly 50 SMA line. First target - 2065 Final target - 2058 The bearish setup is inside a broader daily bearish setup I mentioned in my Weekly Markets Analysis newsletters - Read more about $SPX and other trading ideas ...
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Price is currently at the 38.2 support (136.05 area) is showing a retracement signs, and is probably going to retrace towards 136.50, which is 38.2 resistance area, to continue it's down movement, following the higher grade timeframe, in this case 4H. Aggressive trading - short buy with a mentioned target and a SL beyond the current low (in mind) and 1H ATR*3 -...
TP 1 at 61,8% Fibo of AB confirmed by previous resistance TP 2 at 78,6% Fibo of AB confirmed by previous resistance area TP 3 at potential D point - completion of ABCD Pattern
USDCAD Short aggressive idea (aggressive becaue I am picking the top)
Quite aggressive entry into this trade! Took the entry on the break of the 15 minute chart of a channel I have been watching. GBP had some bad news in the press today due to lower construction figures which pushed the price down earlier in the day but now hoping the break of the channel helps continue the daily down trend. 1st TP: 1.89517 (low from a few days...
Wait for a candle to break below, close below the B point. Sell on retest. T1: at bullish Butterfly completion T2: at area of confluence of minor Fibo level with old major structure
**WT +99 Pips**Taking an aggressive C sell position in NZDUSD into Resistance. This trade aligns with the short position I am taking in NZDJPY. Aggressive C entries, are exactly what the name implies. AGGRESSIVE. I do not take aggressive C positions unless I have strong signals to do so.