#EURUSD 2:1 R/R 15 Min Long Idea (Fibonacci, Structure)
@TradeYodha TradeYodha.com #EURUSD Long and Short Ideas Analysis 1. We are in correction leg at the moment of a bearish move. 2. Possible ABCD pattern formation 3. Target 200 sma for short target 4. At the completion of short we can look to go long Targets/Trade Management: 1. 2 Targets for short 2. 2 Targets for long
Picture is best description :) short somewhere on 1200 (notice - this is ROUND LEVEL!) SL above 1206 - 1208 TP1 - 1190, TP2 - 1184, TP3 - 1180 (fibo levels)
@TradeYodha TradeYodha.com #EURUSD Bracketing the market (Long and Short) Analysis: Market gapped down over the weekend opening and then it filled the gap. It is now in the middle with no clear decision. Brackets will help in taking positions when it is undecided yet. Targets: Multiple Targets on each side. Once the market has made its decision it can...
@TradeYodha TradeYodha.com #EURUSD Short (200sma, ABCD Pattern, Fibonacci Extension) Analysis 1. Previously Weekly Structure Zone 2. Fibonacci 61.8 confluence with 200sma 3. Fibonacci extension 127.2 perfect confluence with 61.8 fib level 4. ABCD harmonic pattern in the zone Trade Management: 1. Two Targets 2. First target completes at 1:1 R/R ratio 3....
Bullish on the gbpusd for the following reasons: 1: Price broke the year highs set back in February on 11/05/15 so expecting bullish momentum to continue. 2: Trend line held after the FOMC. 3: Price has been making higher highs and higher lows so expecting that trend to continue. 4: Looking for a completion of the ABCD pattern at the -618% Fibonacci extension...
Triangle breakout with 1.272 Fibonacci cluster resistance @ 2142
If you are seeking the answer why has the SPX500 stopped at this strange area and stucked, I got the answer :) The golden number is a key this time as almost always in technical analysis. This two lines corresponds with 1.618 of two different market moves: 2120 is the level of 1.618 extension of the previous bull run ended in late 2007 2072 is the level of 1.618...
As mentioned yesterday, the pair closed above the BC leg, and i am now looking for a harmonic move up into the 1.618 fib.ext. That area is also a previous battleground between the bulls and the bears. Stops on this is above the 1.618 and im looking for a target at previous resistance at the 1.27fib.ext (C)
Since this pair closed above the 1.27ext of the X-A leg, i think there is a good chance that we see a rally up into the 1.618 of the X-A leg. The 1.618 also lines up with previous resistance.
#USDJPY Short Idea (Structure, Fibonacci) @TradeYodha TradeYodha.com 1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming? 2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma 3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced...
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics) 1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level) 2. on 4H: a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8 b. The next level of 78.6 has high fibonacci...
well this is my first chart idea ever so just wanted to show everyone, and maybe get some feedback. :)