After we saw the 50.0 fib retracement level held with a pin bar formed...this pair has been on a steep decline. Currently we are not in any trades but we will look to short this pair on a break out of the kumo cloud and the trendline to enter on a retest. 2.22 Risk to reward is very nice
KS on the 1h is bullish which could confirm the breakout but the indicator I like to pair with the cloud is on the cusp of turning bearish I use 1h charts to trade forex but the 3h made me put a hold on my long position because it's just not quite convincing enough yet If we see the KS and TS continue the crossover and the 0.236 line I will reopen and hopefully...
There is a valid 2618 long setup very close to market at 122.690. I have been in this trade since my order was filled in the first hour of trading last week. We didn't quite make it to the first target at 124.64 and have since dropped back down to entry price. The trade is still valid, so if you trade double bottom reversals (2618), this is a chance to enter if...
A retest of the broken previous support now resistance trendline puts us in a Bearish mood. Look to sell this pair on a break of the trendline. Ideally we get a decent pullback before making new lows and completing a ABC-D pattern.
Price will bounce from 1.49702 If price breaks up that price it will retrace and come right back down for a free fall of cash.
0.5 is holding strong. Also a strong confirmed trendline backing it up. entry at 0.70036 and pt 0.70700 to 0.71100
Hi Trader, Thanks for checking out this trade idea. Appreciate the thumbs up! This is highly correlated with the GBPAUD trade I just posted. It is the exact inverse of that trade setup. See chart for entry and exit levels. If you don't have a trading plan, please get one. The biggest help to my trading was when I REMOVED ambiguity in my decision making. Good...
Hi Trader, Thanks for checking out this trade idea. I appreciate the thumbs up! Here we have a valid 2618 trade setup on the Pound/Aussie. See chart for entry and exit points. As I have noted on the chart this is a double bottom, I am therefore looking for a pullback to the 61.8% for a buying opportunity. I trade the 2618 aggressively, as such my orders are...
I first want to note that this is a speculative idea, I may be seeing what I want to see instead of what is actually on the chart. But, with that said, there appears to similarities between the 2008 chart and the current chart. Additionally, if you hover over the blue ovals - for lack of a better word - on the chart, they should provide some context. Both periods...
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
Hello Traders, Here we have a SYMMETRICAL TRIANGLE on FX:USDJPY , that is formed when neither buyers nor sellers are strong enough to get into a clear trend. Therefore it is considered as a consolidation type pattern. I have labelled targets for both BULLISH and BEARISH breakout, but personally I would favor the BULLISH breakout, due to its direction...
Idea is based upon Elliott wave theory, supported by median line analysis. More info on the chart. Good luck
Idea is based upon Elliott wave theory.More info on the chart. Good luck.
With speculation over interest rates, TLT is hitting a ceiling for a second time. The .382 Fib line (in yellow) is prominent and the presence of the 200-day moving average (black moving average) make up a double resistance level. For a little more analysis and news check out our website! ttp://ht.ly/QISg0 Cheers, Enhancing Capital Team