EURCAD is trading in channel pattern for a very long time. It may continue to trade in the same pattern for some more time. Price moving down so we might see it will go toward the support line of channel pattern, so the target for EURCAD on the downside is the support line of channel pattern. If You Like Idea Do Follow/Comment/Like For More Quick Update. Note -...
GBPAUD is in the bottom of the channel if it breaks the channel, we go short and sl and tp are shown. If it comes back from the channel and goes up, we go long and tp and sl are shown also! So now we wait and see :)
Been in this trade from 0.6325. Retrace just provided another entry. First Target is provided by the butterfly formation. If price breaks above 0.6449, it will confirm a cup and handle formation, this gives us a second and final target around the 0.662 level. Happy Trading.
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...
Look for price to fall into recent areas of structure. At these levels, price will either pause and continue lower, or reverse and continue reaching new highs. Look for entry signals at each of these points and set take-profits in reasonable locations.
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 #tradeeasy #Forextrade #daytrader #forexsignals #followme #followus
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...
I see CJ reaching a major support and rejecting it on the daily and expect a reverse.
JPYAUD appears to be forming a bullish flag. Too early to tell, but if going bullish it is usually a good idea to wait for a pull back. Waiting also gives you the opportunity see any sharp reversals and change your mind. Expecting to see a pull back/sell off because of the recent bullish activity, however if all goes as planned it will continue to rise higher and...
My first consideration to long is that the RSI level is at the bottom and unclear DMI but with blue line on the low. Then I see it looks like a H&S pattern, but it's not i think. As the support level holds after we have a short term double top price action with higher high, my tendency towards bullish is bigger than bearish. For those who scalping you got 33.8...
Short This we fell after today with the ichimuku you can see how it resisted in the cloud now back down bearish
good place to hop back on to the dollar rally. I expect swixx to retrace back to the support around the 50% fib line and then continue to the upside
We’re seeing major resistance below 132.85 (Multiple 50% Fibonacci retracements, horizontal overlap resistance, bearish price action) and a strong reaction could occur at this level. Our next major level of resistance is at 133.21 (61.8% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 132.05 (swing low...
Sell below 0.7292. Stop loss at 0.7314. Take profit at 0.7244. Reason for the trading strategy (technically): Price has reached our profit target yesterday and bounced up nicely. We prepare to sell once again below major resistance at 0.7292 (Fibonacci extension, horizontal resistance, Fibonacci retracement, channel resistance) for a push down to at least 0.7244...
Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1369. Reason for the trading strategy (technically): We look to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a push down to at least 1.1369 support (Fibonacci retracement, horizontal pullback support, Elliott wave...