1) Intraday market direction is short 2) In a Bearish Channel 3) Minor support &resistance 3) On the verge of breaking the last HL which is also a support which will create a new HL and a indication of a trend continuation & more.. Expecting price to rally down to around 1311.2
On FX:EURJPY , the market is not trending and it gives an opportunity to advanced pattern traders. There is a support at 113.909, the market respected that price again and it is more likely that it will do again. We are all aware that big trades are placed at key levels like this support. Bat pattern appears on 1H chart and it gives the exact point where to enter...
On FX:EURGBP , the market broke out the support level at 0.84424 which became the resistance. Also, last swing made a new structure which can be the sign of new downtrend and an opportunity to go short. Moreover, the fibbo level 38.2% exactly hits the same resistance zone and the last bars long shadows shows that bulls are getting their control. PS. Draghi speaks...
Think there might be an 80pip sell on GBPUSD based on price action. However: - Look at 9:30 GBP news if really bullish cancel trade - Careful with the US open could undo profits
1) Intraday market direction is short 2) In a Bearish Channel 2) TestIing minor resistance of a 50% pull baack 3) At the beginning of forming a new HL & more.. Expecting price to rally down to around 1.3209
From March 2016, whenever EXC hit $34.70, there has been a rally to > 35.10, because of the momentum, it is fair to say that this will rally to $35.15 making this a gain of >1.3% within 2 day's time.
POSSIBLE SCENERIO FOR BOUGHT, WAITING THE CRITERIOS...
The MOB at 625 got hit, which forces us into entering long, But still if we stays under 10690 a new Low under 400 is inevitable
A nice day trade setup for EURUSD, trading within a triangle pattern.
Impulse follows with correction to 0.618 fib 1339 Stop-Loss : 1355 Entry Price : 1351-50 Target 1 : 1339 Target 2 : 1333 (Extension)
Playing off the 61.8% region on NZDUSD back down to the support level of 0.7091.
This really is just a short off of the VWAP after it's broken support on the 15 min. Took 2 other traders today. Sitting right at break even with commissions. If this trade doesn't make a lower low in 30 mins, it probably won't work. Might then look to bail. 10 ema on 15 min should be strong...
UPS and FDX both have been going bullish for a good while and setting off multiple timeframe bullish signals. Today though the lower timeframes are breaking down triggering reversals. This could be some profit taking down to swing trading support levels. The 30m breakout setup on UPS and I took it around the opening when my alert triggered. I went in with...
I'm down 1.2 R on the day. Hoping to lose less than 1R on this trade.
- Weekly structure - 0.618 fib retracement (daily) - Against channel bottomline - Bearish trend ENTRY - Wait till price pulls back on 1hr chart (watch rsi and zone) - Enter on a reversal candlestickpattern TARGET - 111.000 SL - 118.100
going to be watching this tomorrow for a short opportunity depending on how it reacts around 5.50/6 level (whole/half dollar resistance)
We all would love to be able to call the top. I have been burnt to the tune of 25k or so the last few days trying to short a "top". Fact is after much further chatting and some back to basics trend analysis over the Long Mid and Short term as of right here and now today the signals are strong bullish and for LONG. So that is what I am doing. Hoping for this...