EURJPY Short Descending Triangle Retracement from .382 fib level Target 1.618 fib D Extension Equal Distance of Vertical Height of the Triangle
Bat completion + fibonacci extension + RSI oversold
Daily Head and Shoulder Down AB Swing/ Retracement from .618 Target 1.618 Strong resistance @ 0.7500 Bearish Engulfing Candle Stick Formation
I've got a few pairs on my radar this morning heading into our Live Trading Session and the $USDCAD is one of them looking at this rising wedge iinto fibonacci confluence and previous structure resistance. Other include $EURJPY & $AUDUSD while I still have current trades in progress on $EURUSD & $NZDUSD Good luck in your trading this week gang. Akil...
This technical analysis using Fibonacci retracement and Fibonacci Extensions , was made by me to help myself better understand price movement. I'll not get into too much detail here because most of it is already in there with the callouts. One last thing I'd like to add though is that the point where the leg moves down at the end of this chart is actually the...
Reached to of the resistance channel USD CHF, also inbetween the 141.4% and 161.8 SELL ZONE! D1 giving us a candle! im placing my stoploss above the 161.8%, ABCD Pattern. TP 38.2 50 61.8 Retracement levels. www.Twitch.tv Good luck
Possible short, use the extension in conjunction with the latest leg and the long leg before to decide TP. Await confirmation Good luck trading Twitch.tv/SmokeInTheEye88
Entering short in the sellzone, loking at possible retracements as take profit targets. 38.2% 50% 61.8%
We have a bearish opportunity on selling at previous resistance,there is also a bat formation wich means a high probability that the price is going to go down at that level. Hope you enjoy :)
The double top formation, which is circled on the left shoulder, is a major point of resistance and support on multiple points in the entire instrument. This point is also a 2.414 Fibonacci extension level. Also, on the 4 and 1 hour charts, there is a Deep Crab harmonic pattern, which would suggest a possible bullish rally. I will set my stop at 0.71206 since...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now...
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short. As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a...
Please see annotated chart for details.
My bias is towards the downside If price action falls below 155.00 psychological level might go short. Targets at 0.764
AUDCAD Keep look at 0.94000 this zone for long but be careful AUD will decrease interest rate again
Posting educational material, looking back at the trading from the past week. RR Setup Risk Management Confirmation Essential abillites you need to posess to becom a successfull trader. Visit my live channel for trading inbetween monday-friday during london and NY sessions twitch.tv/smokeintheeye88 - Give me a follow and youll get notification when im...
GER30: During the last months we see a downtrend in this index GER30 and now a possible Pull Back!! What about Fib retracement. We can see that there is a retracement made back to the 38% and now moving down again. Technicaly could be our next goal the 127% line as possible profit target. What is your opinion? - Short on the trendline break?
Hello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as...