Entry - 2.10959 R/R - 1.0 T/P - 2.11959 - Just before 0.382 Fibonacci S/L - 2.09959 - Well below harmonic level
Please see annotated chart for rationale.
We have a bearish Bat forming at previous support/resistance level, so we expect a re-test of resistance an then fall to previous support Hope you enjoy! PS: I'm not 100% trader, i dont know anyone that is, and because of this, i maybe fail in my prediction, but that is ok
Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...
Please see annotated chart. entry - 43.00 stop loss - 45.00 target - 40 Reward:Risk = 2.5
OIL has been gradually regaining strength over the last few weeks. A weakening dollar is helping to make this push upward as the bulls regain strength. Here we had a .382 retracement of this new bullish leg which coincided with the .382 of the major bearish impulse leg. From here it looks as if the market is on it's way to retest the 41.87 level which is my target...
Hi Trader, We have a very small reversal setup here on Kiwi. Entry: 0.70350 Stop: 0.70610 Target 1: 0.70100 Target 2: 0.69960 REMEMBER - Only take trades if they meet your rules as laid out in your trading plan. If you don't have a plan, please do yourself a favour and get one. Good trading, Luke
Waiting until I see a clear pattern emerge after the USDCAD news this week. daily 30min
ABCD equal move and 61.8 fib retracement and extension . shorting opportunity!!!!! cadchf
sell on any rebound to 0.7635/50 target:0.7380/0.74 sl: 70pips
There seems to be some good confluence at the price level of 1.1621, where there is a Fibonacci extension by 127.20%, (rebounding off a 61.8% retracement). A possible formation of the gartley pattern is also being shown. Finally some strong resistance at this point making it a great trade to enter. A short will be the most ideal, however, you could decide to go...
Three drive pattern complets at 61.8 fibo retrecment Uusdchf
There is bearish Gartley setting up on the 30 min time frame for all of you pattern traders.(Completes at .786 around 1.1245 depending on how you trade patterns). Even if you don't trade patterns, there is a 1.272 extension and .886 fib confluence right into a double topping formation. Along with a one-to-one extension. On the 4 hour time frame we made a lower...
SPX enters the key area for its nearest future as the price came up to 0.764 fib ret of the last downward move and the 1.618 extension of the AB leg in the potential structure pattern. Look for the signs of weakness on 1H chart (divergence on RSI or price channel breakout) it may be goog risk reward short trade with stops above 2120 and potential targets...
This is basically an addition on my previous publication on this pair confirming the setup and adding additional reasons, building the case why we might see a reversal here. Previous published idea : Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button. Have another view, have questions, comments ? Feel free to share it...
Not all that much on my radar when ti comes to my person trading portfolio so for analysis purposes I went ahead and looked at a few other pairs that weren't able to make the starting lineup. Here on CADJPY 4 Hour we have a potential Bat pattern completion at 86.16's Appearing inside that Bat pattern killzone also exist some fibonacci confluence and a potential...
There is a one-to-one bull flag completion at the 1.618 extension of the move. The .6720-.6740 level has acted as resistance. Price could potential reject this level again. Watch the price action. Good luck trading boys and girls.
After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level (1.272 extension). Projected target 2 at 148.00 levels (1.618 extension)