Pretty self-explanatory if you know how to trade, with the strong USD and weakening EUR, short short short.
This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
The 1,5 month corrective structure has been broken to the downside, indicating a likely move down towards 18.000-17.600. Best area for a short entry would be the bottom of the previous corrective zone between 19.200 - 19.500.
I'll set a "sell stop order" to trade the possible flag breakout to the downside.
Price never made it up to the resistance zone mentioned in the last trading idea before selling off heavily. We've just broken through a support area around 1.29500 and can now look for a re-test of that area with a quick target at the next support coming in around 1.28300.
Given the huge amount of "open space" in between the most recent broken structure and the next support level, if the price doesn't fall straight to final target zone I' m going to wait for a retracement into one of the 2 hot price levels defined by significant structures broken to the downside. The two scenarios are depicted by dash lines. I've set alerts on both...
In this strong downtrend a broken structure to the downside became a resitence. Price is retesting this area which is also a Fib retracement level. Think this is a nice opportunity to sell and ride the move. As target 2 the use of harmonics (dashed red segment) could help to figure out where price should take a breath.
Amazing harmonic moves for this pair show where price could heading to. Last harmonic shows an interesting confluence with a major weekly resistance. Wait for retest of the recent broken structure to get involved short. Stop and reverse at significant weekly resistance.
Hello Traders, Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market....
Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to...
Hello Traders, We just got the completion of a VALID 2618 TRADE SETUP on FX:NZDJPY with better entry price and lowest risk possible. I've already entered into this short trade at the price labelled on the chart above. The stop loss is placed well above the respected 4 hour trend line. See the chart above for more details. NOTE: For tomorrow, we have 3...
Wed, July 29- UPDATE #2: Hi everyone, I've CLOSED all of my positions on this trade at current market price. FOMC coming up in less than 25 minutes. UPDATE #1: Hello everyone, Trade is ACTIVE now. Remember I will be closing this trade at 1:30 pm (NEW YORK TIME) today, if we don't get stopped out here !! Hello Traders, Here we've a BULLISH Butterfly...