Hello, this is a 1H possible shorting trade. Don't forget trading the actual trendline can already be too late. Watch for a shorting position before the break of the trendline. Aim for the 1.618 expansion of the corrective structure.
Price has broken a key support level. Maybe is risky to sell at this moment, because RSI is overselled. Better to wait for pullback to consolidate that break and then open a short position.
Breakout of hourly bullish trend. Waiting for a falling of the pair till prime trend.
Searching for a breakout of that support level to catch bearish movement.
FX:AUDNZD The rate has finally climbed up to test the massive inverse head and shoulders pattern neckline at 1.0770. At the moment I expect bears to push the price lower to confirm the neckline resistance, however, I will be looking for an upside break and daily close above to enter a smaller long position and wait for a retest if the old resistance becomes the...
FX:GBPUSD The rate has been stuck in a contracting range for this past month and it seems to be very close to breaking out indicating the direction the next move will be. Because of the rate currently trading in the exact middle of a larger box range I don't have any particular short term bias and will be looking to trade a break on either side. For a dowside...
Nice wedge Wait for breakout and retest back into the zone
Resistance on the weekly and trend line breakout.
Bit wary of this massive wick, but as this chart is ticking my criteria so i'd rather risk it and set up the trade to be consistant. Hopefully the buy wall on the orderbook isn't just vapour-wall. Good luck all! Mark
Another Straightforward Bullish Flag setting up on the 4 hr, the 1.618 lines up with previous highs at the 143.383 level I have a longer target going by the monthly and weekly charts, but for a short position this looks good imo
Entry: If the price breaks above the last high (shown by comment A) we can think about buying. I already have a buy-stop in place for this. The initial stop will be under the current range (shown by comment B). Exit: We're going to manage the trade by moving a stop up under the lows on the daily timeframe. If the price makes any substantial move in one...
I'm going to prepare for a breakout of this triangle pattern if the price goes above the last high. Hopefully the price will consolidate more and we can cancel this trade and get one with a tighter stop and therefore a better risk to reward. EDIT: We just broke above as i was writing this, so we're in the trade now. Let's set the stoploss and see what...
Wenn price is closing under trendline --> short with target at ca. 0.74700
Don't try to trade the range. The breakout should be close as we are coming to the end of the triangle.
Bearish Flag / Breakout Possible on the Hour chart, We have come down and retraced to the 618 on the Impulse leg. The fib extention of 1.27 and fib inversion of 1.414 line up with the lowest pin bar on the daily. We are oversold in the RSI as well
i am currently short on usdcad after breaching, retesting and closing below the retest with a bearish engulfing. price has since retreated to retest a key level so we will see how this goes. expected strong Canadian data out later today also was part of my thinking for this trade so we will see how this goes.