THE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER
-ABC AND D STRUCTURE POTENTIALLY IN PLAY
-THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT
-FIB 0.618 RETRACEMENT
-TARGETS WILL BE FIB LEVELS
The general direction of audusd is down for the moment (please see related ideas) , and we are breaking from a corrective structure to the downside, so shorting should be a good idea i am not descarting the posbbility of this pair retracing to 618, so i will set my stop above that level. Good r/r
As i said in a previous chart (please see related ideas) I was expecting eurusd to break this channel and add to my position. Looks like that is happening now.
You have two options, wait for consolidation or buy now. My recommendation is always to enter after price proved to stay out of the corrective structure. But if you set your stop in a smart place, you...
$HPQ is in a downtrend since its latest peak in Jan 2015.
The stock completed a 61.8 Fib retracement and it is now testing a major structure support near the psychological level of 10$
RSI (weekly) shows bullish divergence and in the daily chart we see that the price reached 127 Fib extension level that is considered to be a profit taking target (currently for...
Was going through few charts during Saturday morning and found this Bullish Gartley in EURJPY , if your trade plan and risk ratio allows you to go Long, Take positions.
In Pattern trading each one uses different ratio's, so check whether the ones you are using suits you and works for You.
If you like the idea Like/Share & Comment :)
Happy Weekend !
Well, after the impulse up, and the correction we are actually in, will this be the time to get another impulse up?
This is how i will manage this trade:
I will take a small position here, at .618, and set a tight stop of 20-30 pips. in case this pair starts to go up from here, i might add when it breaks the first trend line (grey) and then look if it goes out of...
A simple trend continuation trade with a great risk reward profile.
Additional confluence added where price capped at the 76.4 fib retracement along with structure and daily fib levels.
Trade safe
I am long on this pair since it touched the .5 retracement (For other reasons). now this might be a good opportunity for me to add.
Ichimoku is bullish in 4H
We have signals that this could be a nice kumo break out:
•Kumo twist
•TK cross,
•Chinkou above price
•Price above kijun
On the D1 Timeframe we are still above the cloud, in what looks like a pull back.....
AUDUSD
Look at that divergence! Impulse done, wait for the correction.
Sell 0.72700
SL 0.72500 (20 pips)
TP 0.71700 (near fib 50-61.8%)
What do you think guys?
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
Hello everyone.
II will be posting here my ideas so i can keep track of them.
Why i dont publish in private? Because i am open to any suggestion, so if anyone has something to tell me i'll be glad to read what he or she has to tell me!
This is another setup i will have in mind, in this case gbpusd is showing a corrective phase that looks like a simple abc...
This pair is now firmly Bullish both technically and fundamentally following the Fed rate hike and the current state of the Japanese economy.
On the weekly timeframe we are in a clear uptrend and the daily showed signs of that continuing by making a new higher high recently. We retraced back to the 50% fib level and have now broken back above the key 121.80...
