DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
STOP LOSS 0.8880
TP : 0.8790
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), and five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. I ...
We look for an additional short opportunity.
A potential bearish continuation triangle pattern breakout.
Wait for the breakout and/or retest the broken baseline to enter the trade.
EURGBP has hit its downside target as the 1D Channel Down (RSI = 39.312, MACD = -0.004) has made a near 0.87200 Lower Low. It is now approaching the soft 1W Support = 0.8700 which has high chances of providing a bounce, otherwise it will test the hard 0.86215 1W Support. In both cases a test of 0.88425 is expected, so long is the action.
EURGBP is approaching our first resistance at 0.8858 (horizontal pullback resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.8724 (100% fibonacci extension, horizontal swing low support, 76.4% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance ...
WELCOME TO DACAPITAL TRADING!!
VIP SWING SETUP
Bullish reaction to Daily support level towards H4 Ress Level
Small Daily pullback to 0.88250
Bearish weekly market heading back towards 0.87300
SELL EURGBP @ 0.88240
SL @ 0.88480 (25 Pips)
TP @ 0.87390 (85 Pips)
Be patient about our Swing Setups!
Enjoy our limited ...
This is only forecast. Entries should be done after we get price action confirmation
After the good GBP news 09:30 today buyers had a chance to get in again at a cheaper price.
Now price is hitting a confluent area of fibonacci, structure and demand. We are waiting for a confirmation of continued strength to enter here. Best to find it on the 5M chart
EURGBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension , 50% & 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.8792 (50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
My expectation is a daily correction before it keeps coming down. That's why I'm looking for long trade setups. As you can see we have an up impulse and a correction. So, I've placed an entry order above the top. My current risk for this entry is 2% of my account, but when it takes me in I will move stop-loss below the correction immediately to ...
Bat formation potential high. We have to wait for entry to point D. Let's not open the transaction before the formation is complete. The goals are indicated on the chart.
EUR/GBP is sitting on a very strong support line - My technical analysis suggests that this will cause a bounce in the price.
Set your Stop Losses just below the support line @ 1.871.
This is not investment advice - Your losses may exceed initial investment.
Ubisoft reached a high 4 days ago and signaled that it was over.
Traders rushed to open short positions and remained calmed and focus, waiting for the break..
This break came 4 days later, yesterday, when mid day it fell 4.5% from its peak
Entry: $94.7 (17/09)
Exit: $92.7 (19/09)
*if you want to join my group and receive education and these ...
We are at a significant support, RSI has finally hit oversold, and other technicals are giving reversal signals. A long can be entered here at minimal risk, a reversal is likely.
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow boxes). If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation to take the trade. I usually aim for 80% of weekly ATR. I place my stop loss above/below consolidation.
EURGBP is approaching our first support at 0.8724 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8855 (horizontal pullback resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement).
Stochastic (89,5,3) is also ...