Since the beginning of this year, the FX pair EURGBP has made a fast reverse, leaving its downside trend for a very bullish construction. On that situation, as long as the tops and bottoms remain higher than the previous ones, we should look for potentially interesting entry points. Here, we probably got one due to the following reasons :
- beginning of a bounce...
There is a head shoulder formation about to complete on the 4h chart. Very powerful and momentum is confirming the strong move we expect.
After a long downturn, oil is fundamentally expected to rally again into the new year. Expecting price at USD 65 by Christmas.
Nice long term trade. Big, slow movement, so no need to risk your entire account on this. Great...
Oversold indicators, bullish divergence and strong support at this level. Also expecting US dollar to consolidate which will help drive up gold higher and possibly even oil.
Entry 1305
TP 1335
SL 1297
Good RR. EURUSD up to 1.18xx with Option to 1.20xx - 09/2016 to 03/2017.
Watch out: italian Banks could be the next threat for financial markets and finally for the global economy.
#Baddebt #high #volatility / Just FYI.
For all other inquiries, don't hesitate to leave a message.
I wish you best success.
DXY Dollar Index Short: and now, down again to 93-92. Further updates could follow. For any questions, just leave a message. Stay tuned & good trades... mav
This is my Setup for NZD/USD. This Pair could not break the previous Resistance and is now forming a nice sell Structure / Triple Top. There is a great Risk/Reward Chance on this Pair. Now i wait for a confirmation (break on a lower Timeframe) and enter on a Breakout. Stops and Targets are shown in the Chart.
Comment your thoughts for this Pair down below.
Trade...
Hi everyone,
Here we have a good chance to sell EURGBP, this time more efficient.
It forms a divergency and ready to go lower after it takes another high.
Looks like all the stars says the same and here are our usual plans:
Plan A : So, as far as we can consider it is about to go lower and we can start sell after or during todays trades. As for me it's more...
Retracing in form of a complex pullback back into structure which now should act as resistance. Expecting further downside continuation based on daily timeframe.
Trade your plan!
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In this case I give you a very precise example of how I look at the markets.
Expecting retest of the lows before hitting the stops.
Have a great week of trading!
Website: www.ogtpartners.com
Twitter: goo.gl
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Bearish Bat Pattern within overall trend of this pair. Trade YOUR plan!
Good luck, Felix.
Website: www.ogtpartners.com
Twitter: goo.gl
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Hello Traders,
Here we are looking at FX:USOIL , which is presenting a buying opportunity in the form of a bullish bat pattern . The confluence between the 161.8% extension and 88.6% retracement levels is not that strong, but they are located close to one another. On the higher time frame, like the 4 hour or even Daily, we did get a break of the previous HL...
Hello Traders,
We are currently about to get a potential long opportunity on FX:USDJPY . The market has put in a double bottom at the bottom of a descending channel. Just need to wait for the "Break and Close" above the falling trend line (coloured purple on the chart above). Stops can be placed below the recent red pin bar (labelled on the chart above). I...
