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...
A 2 part technical trading idea that starts with a Trend continuation trade where price action retraces to a recent structural level with 0.618 fib confluence (not shown) and bearish divergence on the RSI. Target 2 is a bit higher than I would normally take because I did not want to be short after completion of a bullish harmonic pattern. Next, a bullish...
Gann Fan, Fib retracement, and role-reversal trend lines all indicate a continuation of the intermediate trend pattern, and I am hoping to keep the target to the 107.397 zone. I was looking for support under the current price movement, and there does not seem to be anything significant.
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
Price is moving around a SR zone at this moment, let's see it breaks it first (and retraces back) before entering this trade. Then there's a likely move to the channel top. Looking left of the chart there's another SR zone around 128.5, put your TP in this area. Comments or idea's? Please do let me know. Thanks for reading!
Just waiting for price to complete a Fibonacci retracement [back inside the 33%-38% Purple Zone ] before adding additional Buy positions. There is horizontal Support around 0.7360 so from there we look to hop back aboard the fast moving train and follow the "current" path of least resistance :) The next major train station is near the 0.77740 price area (the...
First see if there's a likely continuation of this short before entering, when setting your entry wait for it to bounce back on SR. Then enter, this trade should be good for a 1:5 RR trade.
GJ is approaching resistance potentially at the trend line and also at the 50 day MA (also 200MA on the 4h chart). I will be looking for a bearish signal from the candles and/or a break of the upward trend support (green line)
GBPCHF is still in a downward channel long term and revisting 1.39 region is highly likely in the coming week(s) give long term pressure on the pound against the dollar and the dollar against the chf. Price broke lower yesterday (16/02/2016) and after a retest of upper trend line a move lower is very possible.
This trade is profitable if EG continues in its uptrend. I put the stop below the trend support, previous low and the 200MA at 4h, plenty of wiggle room.
Can´t deny the similarity. Just sayin´... Happy Trading
Its broken through one trendline and barely holding on the other. Not sure if it will break or hold at the moment. A breakout would be a fair change of trend.
Nice confluence of a potential bearish Butterfly's D point with a structure already broken to downside (which is also a Fibonacci cluster level)
Bullish bat complete at point E of a triangle continuation. Entry is placed at point E of triangle with SL below point C (invalidation level). Two targets can be taken, one at the weekly pivot which is confluent with .5CD and another at the top of the triangle thrust around 3.75.
Analysis: -4hr AB/CD termination ,followed by short term pullback to Continuation zones -broke daily resistance expectation .now price finding support at that point expectation : price to retrace to this level followed by a continuation after the NFP release Confluence- -38% AD leg -127% ab/cd extension -pivot -daily support -78% CD leg ( demand zone ) -4hr...