Hey Traders, So I am taking a look at GBPUSD and we did get a break below Close below, which to me is an indication price wants to continue going lower. So I have laid out two areas for a potential short. I want to see some reversal candlestick formations to help me get in short, also the RSI being overbought will also help me as a reason for entry. If you have...
Short GBPJPY based on H1 chart. CCI heading lower & price below EMA(8), EMA(34) & EMA(89). Target 137.12.
GBPUSD H1 SHORT term trendline breakout, we expect the breakout of the support , short to 1.22500 ,place your stop loss below the trendline for good risk reward
Reason to entry: -Valid butterfly pattern inside flag -Fibonacci confluence (4) -Final target match with Higher Timeframe Gartley's -RSI oversold -1:11 Risk Reward! -"brexit" Entry: -wait for higher high higher close candle -aggressive entry at butterfly 127.2 completion -aggressive entry at butterfly 161.8 completion -breakout of flag pattern Exit: -butterfly's...
Here is developing a potential head and shoulders patteren on E/U
Reason to entry: -Perfect Gartley's pattern -strong structure at entry and final exit -AB=CD pattern -also as wedge pattern -fib confluence (2) -wait for RSI and candle confirmation Entry: -Gartley's completion -breakout of wedge pattern Exit: -38.2 retracement -61.8 retracement -projection of XA leg Void if: -Gartley's pattern failed Always remember that...
Price may retest resistance level on the upside at 1.06246. If price retrace back to mid BB, it will be a good entry point to go long. Overall price is making a steady bullish move. Take profit 1 at 1.06261 with 33 pips and profit level 2 at 1.06549 with 61 pips. SL at 2 pips at lower BB level. G'luck!
if the resistance line touched and if the trend line was broken, so make a SELL. ----------------------------------------------- Attention! Just a test, not available for the real accounts.
Analisa USD/CHF H1 Kemungkinan akan melanjutkan Impulse Downtrend