Description of how it works in previous post
LONG AND LONG XRP Above 11426, with Tp1 At 16500
The price dropped to a strong shopping area. You can risk buying
Pretty simple. W/ Quad bottom with lots of wicks at the 61.8. Unmatched bullish volume. Aggressive TL break and close and retest soon. That's the entry.
As you can see on USD/JPY we can see the price is breaking the channel and preparing for a breakout, if that doesn't happen then we are preparing to go short from here , i wait for tommorow.(note that we are in seller's territory) Happy and safe trading (Follow for more) DailyFx Forecast: USD Is neutral JPY Is bearish Trend Down Volitility 26%
Decent long entry here on retest of support just under $141
SELL only finding your trigger to sell.. Follow the trend
Bearish Trendline BO at Top of Channel, 2nd signal bar short, still AIL however bearish pressure present at this price level
Disney recently announced positive news surrounding it's executives chain and has held a strong uptrend over the course of the last few months. If the stock breaks and closes above $112.86 there's a good opportunity to go long and follow the uptrend. If it breaks downward though, and closes below $111.12, then an opportunity for a credit spread or put position...
The market is trending up for the Euro ("fiber") on the 4h, but I also check on higher time frames, which show some confluence in the sentiment. I do think an entry around 1.0812-1.0819 would be advantageous. I didn't put a risk reward graph, so here is an idea for any trader/investor to pick up and run with . Enjoy and we will be back to see it's progress
Price broke through 4H descending trendline, came back to retest at the same point of bouncing from ascending daily trend line and 61.8 78.6% Fib. Price is now breaking through orange resistance area, therefore once 2H candle closes above I will be moving my SL to profit. Target 1: 1.3210 (0%) - Target 2: 1.3264 (-27%) to complete ABCD fib pattern. My trade was...
If you take a look at the last USD/CAD opportunity I posted, you will see that price is currently dropping from the resistance level that was identified. I am in this trade from the resistance level I posted, however here is another opportunity for an entry into this trade. Price has a bias to fall to the downside after breaking out of the pendant - this will...
With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good...
We want tight stops so we are going to use fibonacci to find our take profits and entry
Here on AUDCHF if price forms a descending channel, I will buy at the bottom. Here I show you two types of entries, one at the bottom of the pattern and one at the breakout. You decide which is best suitable for you but be aware that the breakout entry assumes more risk.