Confluences: 1/ trend 2/ 50 ema bounce 3/ doji 4/ deceleration 5/ fib play 61.8% 6/ Bullish MACD 7/ 2.145 as support Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20
Suspecting another move to the downside for this pair. Many confluences here: -Lower swing high with tweezer top characteristics. -61.8% fib pull-back. -Counter trend line break. -Current daily candle engulfing 4 previous days of price action
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out! This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top...
Last week closed with price forming a hanging man in the high confluence area of the medium term trend line and key 0.7100 support turned resistance. This also coincides with the daily 0.618 Fibonacci retracement. Weaker than expected data from china over the weekend may once again translate over in to the already bearish commodity market which in turn will...
Aussie bends pound below daily and hourly trend lines. The breakout of those trend lines coincide both at the same level. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the...
Quite interesting: this could be the beginning of a major reversal. Looking forward to a third wave to buy.
GBPAUD has been consolidating for the past two weeks and has confined us to a wide range between 2.11-15. We can see the midrange structure acting as a key point of interest (shown with arrows). The multiple downside rejections and the descending channel indicate that we will see another push to test the highs of 2.148-2.15.
Trading a possible 'A' leg correction. Expecting a breakout of current consolidation channel.
Looks like the AUDCHF.
Hi everyone we have a pattern while lies within the structure. The first target is 1.48674 Second target 1.49275 Third target 1.49847 Fourth target at 1.50620
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
Confluences: 1/ Trend 2/ Pin bar ( undecision - continuation? ) 3/ 0.74 level used as resistance 4/ Fundamentally very weak AUD against the strong USD
Hey, trader here are the opportunities that bat pattern gives us. Notes are on chart. If you want to know more about BAT pattern trading, visit my "thoughts about bat pattern" series. Last edition is attached as related idea. Tomorrow we'll have a next edition so watch closely my posts
While keeping the chart info to a minimum, the 7600 support was held since March but has now been broken. Range Targets also tie in with previous key levels from 2006 and 2009! 71400 bound I think for this pair for ow.
The Aussie has been falling for a long while. The sharp drop at 0.7690 tells us that there could be a move lower from this area. A possible target for this trend trade is 0.7640. EP: ~0.76900 SL: ~0.77000 TP: ~0.76400 R/R: 5:1 Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied back up but failed to reach the zone before falling...
Sell at market. stops above X. When 0.382AD is hit - move stops to breakeven. To know more about bat pattern check my "Thoughts about bat pattern" editions. Links are attached as related ideas))
SHORT CYPHER PATTERN AND RESISTANCE 'UPDATE: 1. TARGET REACHED 2.TARGET BREAKEVEN
AUD/USD - 120 Chart - Bat Pattern Here on the 120m chart of AUD/USD we have another nice Bat Pattern setup. Being on the 1hr chart we are still around 100 pips away from completion, however it is more beneficial to be 1 step ahead at all times. We must see a completion at D leg ( .7619 ) before any long entry is triggered. - SL must go below X - Target...