Long CADJPY at the blue zone Long CADJPY 83.50-60 SL 82.50 TP 87.50 ======= www.ForexPositive.com Twitter @ForexPositive ======
POTENTIAL BEARISH BAT PATTERN ON CADCHF Over all trend is a downtrend. I have a potential bat pattern on its way but there's a key level in the way.. Lets see how price reacts around the 76.0 Area..
For both elliott and fibonacci there is an opportunity till 125.23 point for buy position. Have a good trade!, AAForex www.adimadimforex.com
Short USDJPY at the mid-point of resistance zone Short USDJPY 110.90-00 SL 112.00 TP1 108.00 TP2 106.00
Short GBPNZD at resistance zone Short GBPNZD 2.0890-00 SL 2.1000 TP 2.0600 ==================== www.ForexPositive.com Twitter @ForexPositive ====================
Short at red resistance zone Short USDCAD 1.3640-60 SL above 1.3750 TP1 1.3500 TP2 1.3300 ===== www.ForexPositive.com Twitter @ForexPositive =====
A nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong. The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market...
Possible resistance area in GBPUSD around 1.4060-80. Downtrend in GBPUSD is strong due to Brexit worries. Any rallies to be sold into. Short GBPUSD 1.4060-80 SL above 1.4150 TP 1.3800 ===== www.ForexPositive.com Twitter @ForexPositive =====
CD leg with a 1:1 ratio with the XA leg falls into the blue region shown on the graph (which is also a confluence of the 0.786 retracement and 1.272 extension, so will look for this as an entry point . Stop loss is based on previous structure support as shown by the horizontal red line. Not only is this a nice Gartely, but we also have the entrance point on...
Former support turned into resistance zone, tested about 5 times before breaking lower. If GBPCAD rallies to this red zone, look to short. Short GBPCAD 1.9870-80 SL 1.9950 TP1 1.9500 TP2 1.9300 ===== www.ForexPositive.com Twitter @ForexPositive =====
Made a lot of pips from EJ shorts recently think its time to long -A bit of channel trading here currently -Holding a major monthly key level 126.90 -We have bounced of this level previously. -We have a selection of rejection here shown with long wicks -Also a "double bottom" we broke slightly lower but its the close we look at.
Falling wedge with 6 hits (currently). Looking for a 7th hit and will be watching closely for a breakout on the 8th. The length of this wedge suggest to me that there could be a strong breakout.
Inverse H&S this pair with very good perspectives. Good RR.
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Bearish bat harmonic pattern Short EURUSD 1.1380-90 SL 1.1500 TP 1.1000 ===== www.ForexPositive.com Twitter @ForexPositive =====