Wait for price to confirm the resistance at 382 and then short. Continue bearish trend with room to move down. - oversold rsi - fibonacci confluence in the killzone - 382 comes in at prev structure
GBPUSD may be in the midst of a continuation from its wave-iv correction. In order to ride the wave, I've placed a tight stop directly above the potential completion of wave-iv. There is a slight chance that the correction could go higher, but no higher than the invalidation level. A looser stop may be placed above invalidation. Will update as the tide rolls.
If price breaks this resistance zone and trend line, a continuation trade setup can be as follows.
Hey traders! Here is an updated wave count on EURUSD. I'm looking for a bearish impulse to set off a potential wave-c. My preference is to sell the pullback on wave-ii-of-c and put a tight stop behind the start of wave-i. I will continue to update when waves complete or if I take a trade.
After a strong impulse following an expanding triangle (see related idea), EURGBP has completed 3 waves of a possible 5 wave impulse to complete the combo wave. Triangles almost always occur in positions prior to the final impulse wave in the pattern of one larger degree, in the case 4 of 5. There could always be a further continuation sideways or a deeper...
Hey Traders! The EW count on USDJPY leaves us with only a few potential outcomes after price retraces. I will be looking for long positions IF price retraces to the target area. I will update wave count on this idea. Happy Trading!
The double top at the top of the chart has in fact finally reversed price as bears took control of the market The neckline has been broken Will now wait to see a retest of previous structure levels in the potential reversal zone (green rectangle) Look at price action for shorting opportunities here The 618 retracement would be most ideal, but it was a pretty...
Its a big if, but if price can get back up here to this level it would be a convenient place for us to see the short term trend reverse. Why? 1.We have a Fibonacci extension level at the 1.618 2. We have a normal retracement from our swing high @ 886 3. Another potential AB=CD pattern 4. this is a good looking support (hopefully come resistance) level. 5. The...
I opened a short position Sunday evening at the 78.70 level, but was not able to post to tradingview. Took this on the 4 hour chart with an oversold RSI confirmation This is an update on the position We have been moving well due to an impulsive move down , price is now consolidating on the long term trend line and forming a bearish flag. We are up about 40...
-Price has broken upward sloping channel - Retested 0.50-0.618 retracement - High test - Look for trend to continue to TP3. Will be watching TP levels careful to roll SL
- Price has pulled back and rejected the 0.50 fib retracement - Price is also within a daily range - Looking to take a long trade to top of the range
Apple inc Bullish Overview *Bullish Channel (Continuation) *Completed Waves *III-rd Bullish Wave Active *Breakout from 07.2015 Downtrend *Rising RSI TP Upper area of Long-term Bullish Channel (Current wave (5)). www.ibrokers.ee
Shortterm trades EURUSD Possible Bullish Continuation www.ibrokers.ee
Trend-Continuation based trade. The entry is surrounded by key support and resistance levels that are likely to be respected by price action. A trendline with multiple touches provides even more support for this entry.
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
As you can see, in Chart formed an ascending triangle, which will continue the trend after 1-2 swings. I tink next aim is the 0.382 respectively 0.5 fibonacci
For this trade I'll be using price action with fibonnaci levels to find entry and exit points. I already entered the trade with low volume. I am expecting this trade to be open for 30-60 days based on most recent price movement. Feel free to like, comment, or share you trade ideas here. The red line is the sort of movement I am expecting.