I opened this trade at the break but forgot to post - still time to profit. Excellent structure to create profit targets and to support the break from the wedge.
I'm In with 2 sell limits risking same amount. Will it be triggered? Lets see. Take profits and Stop losses can be changed, if I do so, I will update here on the chart, so if you are going to take this trade with me, like to see the updates.
STOP MOVED TO LOCK IN PROFIT AFTER PRICE BREAKS TREND......LOOKING LESS BEARISH BUT WE WILL SEE.....
With a break of a 4hr trendline, I expect EURUSD to pull down back to at least 1.1100 before making a move somewhere.
With a break of a minor trendline, I expect EURUSD to pull down a little before making another move.
Here we can see gold has hit channel resistance. Expecting a break or bounce back towards channel support. Lets see how this plays out
Eurusd has big probability to break the channel downstream I believe that this will be a short-term good opportunity
Hi all, The USDCAD broke the red trendline earlier this week. I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry. I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline. Best of luck! Regards
Getting prepared for a hopeful bullish cypher pattern to form here. 3 points of resistance against the line leading to our entry point, so hopefully we see a continuation of this short-term trend to form the cypher. Unfortunately not the best risk/reward. I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches...
GBPAUD has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish trendline may also add support should price reach...
As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure). News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
After a break of major support region and a 2015 low for GBPUSD. We can expect the pair create further lows in the near future.
With EURCAD breaking a yearly high. The currency pair is currently the highest it has been since 2009. We can expect prices to go higher up from as long as long as the 1.55386 support regions holds. I suggest waiting for a retest then entering your positions if the line holds.
This pair has been in a massive downtrend, and as i posted in a previous chart (please see related ideas), i am seeking for sell setups. Well this may be a good sell setup : Price break from a channel to the downside, and it may be a good idea to sell now, or if you are a little more conservative, wait for a consolidation in a lower timeframe, like 15min, and...
Continuation of the past Impulse !!!