RISK 1:13 REWARD!!!
What is my entry criteria for a NZDCHF LONG?
Reason:
Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement.
Confluence:
RSI We are not quite oversold on the daily as we are...
Advanced Micro Devices Inc is currently in an ascending channel, enhanced by Fibonacci.
We now see a strong support around the 0.236 level, which seems to be working with a powerful, 200 EMA support as well.
The current trend is bearish, shown by a Head and Shoulders pattern, but will become bullish if it bounces off the strong support zone.
Feel free to follow...
Greetings traders!
Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view.
The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level.
The price has also once again retested the 200 EMA, fuelling the bulls.
The price seems to be in a three-drive pattern...
The price is currently within a descending trendline where I'm expecting an upside breakout.
It is also in consolidation within clear Support and Resistance levels, with the potential target being around the resistance zone.
Please like/comment and follow me if you want to see more of my ideas.
Good luck!
A recurring Inverse Head and Shoulders is evident in the major currency pair, EURUSD.
As you can see there are various possibilities for the direction but the overall, favoured prediction is a bullish movement.
Please like, comment and follow for more of my ideas.
Happy trading!
What is my entry criteria for a AUDUSD LONG?
Reason:
We have broken previous structure indicating a possible reversal in the bearish trend
We have already completed a three point move that broke the previous bearish structure.
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and...
What is my entry criteria for a GBPJPY SHORT SELL STOP?
Reason:
Gartley has just completed, I havent entered aggresively yet.
I have a sell stop order in place
As always good luck in the markets,
TradeEasy.
Looking further left we are a solid area of structure
Numerous tests
Entry is a buy stop
Bullish flag pattern setting up on 15
Double bottom
RR is 2.27
Targets 1 and 2 as outlined buy price
SL also outlined
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Why am I looking to trade NZDCHF LONG?
Reason:
We have an extreme peirce candle outside of the Bollinger band.
Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before.
Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal
...
What is my entry criteria for a GBPJPY LONG?
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be...
Why am I entering long USDCAD buy?
We have a cypher completion now approaching D.
Aggresive limit orders are set
Risk to reward is 1.58
I will monitor the trade and adjust targets in accordance with price action.
As always
Trade Easy
Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.
On my previous post on Ucad you see I called the move upward as the Z leg that could finally drop. if we look at the consolidation forming from mid-April we see a wxy continuation pattern being formed. this is confirmation for more upside I'm looking at equal legs to the last impulse made starting the 17th of April which puts price at 1.361xx the next important...
