Non farm payroll last Friday pushed the pound slightly higher against the dollar last week however the market still gaped lower on the open earlier today. There is still weakness in the pound leading into brexit later in the month and i see a possible bearish continuation on the cards after the market comes back up a bit further to fill the space left from the...
Strong buy a huge bullish candle will be printed real soon, continuation of the upwards trend.
Not too much to say about this one. Nice Gartley pattern setting up for a possible trend continuation trade. Stops and Targets as your plan says. Best of luck. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Bullish Cypher Completion at Trent Continuation Trade
FX:USDJPY is currently in a bearish trend. I am looking to enter the train on this trend and am planning to do so with the following: - Daily chart shows downtrend - Previous high touched the 0.786 retracement and reversed - RSI has been overbough So now my plan is to wait for price to break previous support (which will then become resistance) and enter on the...
Here we see that previous structure support was broken and a lower low, lower close was formed (LLLC). I waited for the pullback and traded it, now looking for 3 take profit targets from using the fib. retracement. Entry: 1.4453 TP1: 1.44073 TP2: 1.48785 TP3: 1.43318 Remember to roll stops to break even when first profit target is hit.
This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of...
The 12 hour candle at the moment shows significant buying rejection coupled with a convincing selling run behind it. It looks like it will continue the sell run all the way down to the major SR zone around 1.41 If price makes that lower low, enter this trade for a good 1:2.8 RR trade Idea's, comments, let me know below! Thanks for reading and good trading :)
would love a $185 entry, but they already gave us $205 scaling in on dips
Hey gang! Whats up! Normally I would be wary of retracements on the Daily Chart, which leads to kind of a big move on the 1H chart! But hey, I found a descending triangle continuation pattern coming up! So hopefully this should net you a good short for those trying to get back into the current trend! :) Good luck people! May the pips be with you!
Gold recently made a higher high and then bounced off the resistance turned support. Monday morning if it continues to hold this level and starts making higher lows then I'll be entering long. Reasons for entry: Breaking up from a bull flag following a strong upward move Making a higher high and then finding support from previous resistance Lots of...
GBPJPY made an amazing sprint this week and might need some rest before attacking the brick wall that is the 162.40 - 164 region. Especially 164 could prove to be strong given price bounced at this level on numerous occasions in the past. On the 4H time frame we see RSI and Stoch being overbought which indicates time for a breather. However, in the Daily chart...
Last week I saw a potential reversal which in fact played out to a T. The coming week could be more of the same, even with possible not so stellar USD data which is imo already calculated into the dollar. Market most likely already anticipated that the chances of a rate hike happening in the near future are very unlikely, at least till say, September? What I see...
Hello traders i am not a technical guru when it comes to wording the movement of price, however the details are in the candlesticks its just down to the trader to add the subtitles or a caption im anticipating a short move on the us.yen pair and perhaps further bearish continuation. lets see how it plays out. 107.000 is the target.
As soon as price broke out of the 1,5 month consolidation, the reaction was forceful, catapulting price 165 points upwards in an instant. Since the pullback is really weak compared to the prior bullish impulsive move, creating a bullish flag pattern, I expect a smaller correction. In my opinion it is very likely that we'll see another strong bullish move in the...
I think it could be a rebounce on a resistance for a continuation move. stop above 110.20 entry 108.70 tp1 105.80
Another trend continuation Cypher idea. If price retraces to the drawn descending trend line then we'll have an awesome confluence factor to get short on. Being a trend continuation pattern I'm allowed to go for extended targets, but in looking left what that target should be is not very clear, So i'm taking the conservative option of the first level after the...