Please see the links below and the chart.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for a new Trend Extreme or Pullback Extreme. The "Eyes" show last checked status. New Long Term Indicator added Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates...
On chart we see perfect ABCD pattern. First we get double top then retest of resistance which now turn into support. Over all we see bears jumping into market. Our stops go littl bit above the shadow of last candle. And take profit about 0.382 retracement. If bears going to push more down i will move my tp on 0.5 or even 0.618. Have a safe trading ;)
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
Please also check the below mentioned links.
Please refer to the link below for potential target, previously defined
bullish pattern completion @0.8437's area, stops to go below 0.8426
Failed to break classic support and resistance level, this pair continue down with maximum target at 0.8200 0.8395 will be hard level to break, and if rejection from that level, bullish target will be at 0.8580 note : at this moment daily channel up already break, and if bearish perform, will be very long term opening position.
Short term trade, there's a possibility of hitting the middle of the channel soon, I'll watch for an entry at NY's market open. Big support underneath the current price, risk to the downside is relatively low, compared to the upwards potential.
Here is a good level for shorting this pair. The Entry, Advised S/L level and Potential target levels are shown on the chart. Hope this works for you.
Observations 1. Price broke a long term down trend line on May 13th 2014 and has since been going higher. 2. Yearly Pivot is still unhit @ 0.8719 3. The 1.618 Fib extension for the latest up swing is around 0.8700 4. Hidden divergence is seen (Price made a higher low while stochastic made a lower low) Expectations - I expect price will move up in the coming days...
In the previous chart published, the downside was only partially without the major follow through expected. See So at the time only scratched trade at worse. It was based on weekly chart so not completely surprise and should have wider margin before completely discounting or calling it failure. So revisiting this chart, overall all reasons given earlier are...
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for pullback, Price needs to go down to white dashed line. Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for a new Trend Extreme Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
CADCHF bearish below 8600 and guess wave five end on daily chart . first target 8400 then faces trend line break target will be 8300 and 8200. break 8600 open target to 8730 . --------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com