The price broke the previous resistance level at 1.1763 and the market continue trending. After the impulsive move (breakout), the price started correction. The best zone to step in and follow the trend is the zone at 1.1763, which is now our support. Trend followers will more likely place their buy orders at that structure zone and counter trend traders will lock...
Here we have EURUAD
I believe this is one of the best BUY opportunities we have in the market.
Weekly bullish convergence with a daily 2 waves retracement towards the 50% level on the convergence move AND the 100% level of the two waves ALL ENDING IN BULLISH DIVERGENCE! What more do you want? We have 2 waves up, two waves down (double-double) so what's next? A...
As of today, July 28 2017 we have buy opportunity for USDCAD. The daily chart has reached its level with a strong candle formation resulting in a bullish CONV on 1hr and 4hr. We got our CONV's retrace now we wait for an opportunity to buy.
HOWEVER BE CAREFUL: If the retrace drops below the red line I have provided, buys need to be cancelled. This confirms a...
Very interesting moves on FX:EURGBP 1H chart. It makes lower lows every time it touched the resistance at 0.8953. The previous bar left the shadow, which indicates the bears are there to get control of the price at that key level. Plus, there is a fibonnacci 61.8% level at that reversal zone. It's a good opportunity to go short.
Moving averages are lining up on the 30 minutes for a push and looks to be at the ichimoku. I'm looking for a break of that ichimoku cloud... risk is 0.33% while profit target is 2-2.3%
There is a good selling opportunity on 2H FX:USDJPY chart. The major key level is 112.332. The price respected that level many times and it is more likely it will do it again. There is a potential bat pattern with nice Risk reward. If the price goes closed to 88% fibonacci retracement, that would the entry point. Place stop loss above resistance level.
T1 -...
The price broke the strong resistance level on FX:AUDUSD 1H chart. It became the support level and the key zone for buy signals. The price is doing correction after the strong impulsive leg. It is getting close to the major support zone at 0.7967, where the new impulsive bullish move is expected. It is the zone, where counter-trend traders will lock their...
Mixed so until the TA confirms.. I am not holding. Bull flag here or desending triangle is presented.. BUT the stock is following trend... the moving averages have crossed mainly but... MIXED. Only good for intraday until confirmation but it could confirm AH or Premarket. I will do a full analysis later. ... remember I am a scalper.. swinger.. .mainly scalper.. I...
The price is bullish today on FX:GBPJPY 1H chart. It is getting close to a major resistance level at 146.260. Buyers have to take their profits somewhere and sellers have to step into the trade. The best level to that is close to resistance area. Moreover, the bat pattern is formed, which give entry and exit points.
T1 - 38.2
T2- 61.8
1) Bearish breakout
2) Failure to create new HL
3) Minor Resistance break
4) 2 Major low test bars indicating reversal
plus may more in-depth analysis..
the 78% comes up a bit short once again, but as I trade to structure I have set my entry level a couple of pips higher (to an 88.6%). Overall maintaining a higher timeframe bearish sentiment on JPY pairs
Hope traders were able to capitalize on the bearish cypher that appeared on the AUDUSD 1H (and below). TPs hit, now anticipating the test of 0.79876. The 78% PRZ is actually a bit deeper than 79876, however in playing to the tone of structure analysis we are moving the potential level a couple of pips higher to ensure fill. I would not expect this pattern to...
please excuse the measurements as I had drawn them up very quickly. first pull was @ 61.8. second may not exceed the current pinbar low. Target PRZ 78.6 of leg XA (impulse leg) for potential shorts.
What zone do you expect ?
1- Back to ATH ?
or
2,3,4
Nice ascending triangle formation.
Could go both way either trendline will resist or not..
if uptrend expect 2989
If downdrend :
At 2682/2634 range
if is brokren back to 2424
Waiting for dip C to define itself better. Could go as far as 78% before invalidated. The PRZ is well in line with a 1.27 extension as well as the 78% confluence, heightened by the major 4hr structure support broken (and set to retest). Trendline also suggests a possible continuation back into the downtrend. all of the pieces are hitting.
![EURUSD: EUR/USD - Long [Risk:Reward / 1:2]](https://s3.tradingview.com/f/Foor5YXR_mid.png "EUR/USD - Long [Risk:Reward / 1:2]")
