The support and resistance lines are placed on the up trend as it broke through the fibonacci level resistance now it will be a support line.I assume the prices will increase till the resistance line at 1.2970 then it will be going into the downtrend till it reaches the previous resistance line which will now act as a support. Do place a stop loss and watch your trades
Finishing 5 motive waves. we are consolidation of Complex B wave towards 0.90 Trade your plan, Will update more on lower TF as chart progresses
Hey Folks, Simple idea, we are expecting a new impulse when the U.S. Dollar starts to get stronger. It could either break and make the move or continue correcting. - Hola Amigos, Idea simple, esperamos un nuevo impulso a la vez que el Índice del Dolar se hace fuerte. Podría romper y realizar el impulso o continuar corrijiendo. Carlos
Micron is at it again with it's normal ups on earnings, and down for no news.
This scenario will work on assumptions stated by the format "if...then..." If the price goes below the red line(4) then hold. THE IDEAL SCENARIO: If the price retraces to the red line(4) then it should go towards the black line(3); If the price goes above the black signal line(3) a buy is initiated. The green line (2) is the most important one because if it's...
I'M EXPECTING A LITTLE MORE OF A PULLBACK HERE AND THEN CONTINUING HIGHER...HOPEFULLY FOR MY PLAN! IF IT RUNS BEARISH TO 5 OR BELOW I MAY BE LOOKING TO PICK UP SOME MORE SHARES.
Watch for a break out.. if yes, observe for a break out of the bigger structure if no, can expect one more down to C point and then up
1H corrective structure (in yellow) seems to have been completed and chart seems to be gearing up for the continuation of the bullish trend in the upper level structure (in light blue). Watch for what the chart does near the end of the C wave. I am expecting it to peak around 1.28769 and then we will see reversal of the trend.
Watch for a break out here of the structure developing in purple.. however be careful.. if it breaks, I would still wait for it to go up a bit more before entering the Buy since I am also thinking this structure so far can just be the A wave of a complex correction and has the potential to go back down for a C wave shown in light blue
AS WE CAN SEE , THE LEVEL 110.300 IT BECOM AN SECONDRY SUPPORT ,SO NEXT HOURS ,THE PRICE WILL RE TEST R LEVEL 111.600 , IF CAN4T BREAK IT IT CONFIRM THE TREND DOWN AND NEXT LEVEL IS A BIG SUPPORT ARROUND 108.200 NEXT WEEK
Hey guys, Looking for uptrend in GBPJPY. I am looking for a flag anywhere inside the corrective structure! Watch for this! - Hey chicos, Espero que GBPJPY vaya al alza. Busco cualquier bandera que se forme dentro de lacorrección! Estad al tanto!
It seems EURGBP has approached Fib retracement levels and a good head and shoulders is in play. Going for a BUY. $0 pips up clean and then after breaking head and shoulders level. another easy 40 pips. Ill update with progress.
the pair tested three important support area, the level 1.6385, The MA 100, and the up trendline in symmetrical triangle, so i put bur order targeting the three levels on the charts.
hello my friends .... 1. for those who were following me early know that we were waiting for continuation pattern since the last 2 weeks and here it is forming i will be buying only after the breakout of this pattern TRADE SUCCESSFULLY !!!
Check this area for a Kangaroo tail! Or an engulfing pattern. Will possibly be followed by an inside bar before bursting upwards! If price action follows prediction, a solid Risk : Reward = 1 : 4 or 1 : 5 possible