Hey all, check this one out in about 15 minutes. Waiting on the news to drop in order to enter short. Targets at rising wedge target level and missed pivot cluster.
This type of sideways choppiness is great for trading harmonic patterns. I like to trade these patterns before Labor Day. Large risk to reward if it is successful. Support from two trendlines as well as dual pattern confluence. Looking for smaller TF elliott impulse to set it off. Cheers
The trading of UJ continues as we look to ride that continuation wave back toward the top of the channel. This is only valid if the lows are not taken out and new local highs are made. I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain...
I want to sell this below support recent support. This is a strong resistance zone with multiple re-tests. If the pair makes new highs, the trade is canceled.
It is time to add to the position as a series of smaller time frame impulses has occurred. Buy stop placed above most recent bullish impulse with SL below lows. This SL will close out the entire position if hit. If not, it will be held as a double size.
Hey traders, I put most of the details on the chart. After seeing a wave 1 impulse, its nice to get in above highs with SL below root of wave 1. Alternatively, I enter above wave four if I don't quite catch the root of the first wave in the PRZ. This is a riskier approach because you are banking on the pair not retracing and shooting straight for target (which...
Looking for lower TF short opportunities until these pivot levels are taken out. I want to be bullish at the bottom of the channel toward potential cypher levels. It all depends on price action at those levels.
Only bearish after breakout. Sell the continuation should one occur. It is what I am expecting next week. New highs will target the .5 fib level (solid line on chart).
Prepare for a short term rally unless a breakout confirms bearishness. There is a highly confluent level indicated by the SELL ZONE on chart. I want to sell continuation.
EURUSD rallied last week, but not without its share of dropoffs and retraces. If new highs are taken out, I want to be bullish. Until then, I'm expecting bearishness on the lower timeframes and a lot of sideways choppiness.
Hey traders, looking for price action near the potential retest of this bearish breakout line. Also, we have a potential Gartley completion at the same level. This confluence could mean heavy resistance and a reversal toward completion of the larger TF triangle.
Hey traders, we have another head and shoulders CAD long play here on the EURCAD cross. I'm in if we break lows with SL above recent highs, target at 2:1 and MTBE at 1:1. Cheers
Hey traders, here's a breakout pattern on dollar swiss cross. Short is active with 1:1 B/E level and target at .786 fib.
Hey traders, looking to short this breakout should one occur. I have a sell stop set below lows with 1:1 B/E level and target at 1.272 extension. Cheers
Hey traders, we have a big potential reversal pattern here on GBPCAD. H&S has completed on the 1H with many missed pivots below. Channel breakout will provide resistance against SL. Trade only active at limit and move to B/E target is 1:1. Cheers
Hey traders, looking for a bullish breakout to continue the bullish impulse on this pair. MA cluster may provide additional support. SL @ 1:1 with target at 1.272 extension. Cheers
Hey traders, this pair has broken some short term support. This is a potential scenario if the pair does in fact continue to show weakness, which means this is a sell stop order and is not active unless price reaches entry before invalidating the trade. Big R/R if successful. Cheers