Hey all, Good setup for a short position if we can get a retest on the light blue line of broken structure inline with the longer term downtrend. Thanks
USDCHF structure broken look for pull back to short around 1.0055 will be a good area to short potential big AB=CD move SL : 1.0100 TP : Follow arrow
in 4H chart: broken parallel channel (green color) no new swing high after touching 61.8% fibo and bottom of the parallel channel > Sell Entry : 111.52 (Now) -Stop : 111.92 (40 pips) -TP1- : 111.00 (52 pips) -TP2- : 109.80 (172 pips) in daily chart: broken parallel channel (Blue color)
in 4H chart: Broken triangle pattern Top of the bearish parallel channel > Sell Entry : 1.3035 -Stop : 1.3085 (50 pips) -TP1- : 1.2965 (70 pips) -TP2- : 1.2805 (230 pips) in Daily chart : Broken bullish parallel channel 1H chart:
in 4H chart: bottom of the bullish parallel channel 50% & 61.8% fibo retracement pullback to broken resistance level > Buy Entry : 1.1277 -Stop : 1.1247 (30 pips) -TP1- : 1.1317 (40 pips) -TP2- : 1.1377 (100 pips)
in 1H chart : Pullback to broken support level 61.8% fibo retracement > Sell Entry : 1.3322 -Stop : 1.3342 (20 pips) -TP1- : 1.3302 (20 pips) -TP2- : 1.3262 (60 pips)
in 4H chart : Pullback to broken bearish channel Pullback to broken structure at 1293 50% fibo retracement > Buy Entry : 1393.0 Stop : 1289.0 (40 pips) TP1 : 1302.0 (90 pips) TP2 : 1308.0 (150 pips)
in 4H chart : Broken Structure and wait for pull back 61.8% fibo retracement > Buy Entry : 111.46 Stop : 111.26 (20 pips) TP1 : 111.80 (34 pips) TP2 : 112.70 (124 pips)
I see the USD fundamentally weaker than the EURO. With a larger timeframe bias in mind, we saw the previous day break the high of a Bearish day. I would expect this day to do the same with a retracement to test a broken zone around 1.1480-1.14978 of previous resistance. My fib was drawn from the most significant movement. Targets for my long position would be...
I think we could see a large movement down for Copper in the next few months.
This "flash crash" doesn't appear over.
Following the break of a major support level, we can expect a pull back to this region and for it to act as resistance. Waiting for the right price action signals at this level in order to take any short position.
GBPUSD broke a very key level last Friday. As expected, price has now corrected and returned back to the broken resistance. It should now retest as support, and continue higher. I will be waiting for a confirmation before entering long.
This appears to be a good time to short EURUSD for the long-term based on the daily and weekly charts. Weekly There are 3 key areas of resistance that EURUSD has failed to hold above and/or penetrate. * R1 * Fib 0 * GANN 4/1 All of these are within the 1.126 and 1.13 area. Stochastics are also in overbought territory with the fast crossing the slow,...
I analyzed this early weds or thurs last week. I was quite excited but as you can see my pattern was not met. I am still watching this pair and I have a 1% trade in going short with it. Hopefully this week we get some better clarity. I don't have the points set exact because I was not going to share this chart but the ratios did work
USD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade. I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily. Hope this is beneficial and everyone...
was waiting for this beautiful retest Selling now (1.06955) TP 1 @ 1.0590 TP 2 @ 1.0480 SL @ candle close above the RED TLINE confirming a trend continuation about (1.0730) and higher stop (1.0747) under orange trend line im holding to downside
Many traders have already taken a position on EU, but if you haven't caught on yet, short it. That is my advice. With the strengthening USD (DXY), and price breaking 2015 lows, EURUSD will be plummeting over the next few months