Here we got another one of the infamous Cypher patterns making up for an chance to hop on the trend. watch price action and wait for RSI to go near the overbought territory before entry. The trend is running into strong support down below our pattern so a small retracement to our profit target should be possible even if the trend change to the upside. Kind...
"Mouseover" any candle from chart to check the "future" :) At D, if entered Short... Targets at 38.2% and 61.8%
Here we got the audcad that have been in a consolidation state for a while, but here on the 60min we got a mini uptrend that broke and we broke below closed below previous structure low, so its a potential new downtrend we will try to catch with this pattern on a retracement! Look out for the RSI to come into the over sold area. Comments good and bad are very...
Following the RBA's no rate change announcement, AUD climbed strongly. The price has stalled at a previous S&R zone as well as a 50% retracement level of the previous movement, making higher highs but with strong rejection of the highs by the bears. Looking for bearish confirmation prior to entering trade and looking to see how the PA reacts around the 0.94500...
The trend rejected resistance at the 61.8 retracement, only to decline further to rerest support at 0.764 FIB EXTENSION. if we break below this key level, expect to see targets towards the daily support 161.8 @ 0.93939
if price forming reversing candles at upper trendline, i will go short at entry level 1. entry 1 will be a small size, cause i imagine that we could retest EMA 420 again or maybe brake through. if price retests EMA420 i will go short again. Target 1, as u can see on the chart is the possible support zone. if we brake through that bottom, many stoplosses getting...
HERE IS A LITTLE AMBIGUITY, TWO BEAUTIFUL SET UP, BUT I'M NOT SURE WHICH, BUT TO BE ON THE SAFE SIDE, I'D TAKE THE STRUCTURE TRADE ABOVE . AGGRESSIVE AND GO FOR THE PATTERN. WHAT DO YOU THINK? I SEE A SCENARIO WHERE BOTH CAN OCCUR, WITH A 38.2 RETRACE OF THE PATTERN AND HEAD TOWARDS THE WALL AT THE TOP. WHATS YOUR OPINION?
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