$CYH falling wedge on daily. Hammer off of resistance/demand of wedge. Looking for a move up.
PSX daily in a falling wedge w/ reversal hammer candle. Watching for a pop.
Looking for more downward movement from EURUSD. expecting it to reach the lows that occurred because of brexit. There has been a hammer candle formed on 1hr time frame and expecting a similar candle with the 4hr. Stop loss above the high of the current trend.
Kangaroo tail / Hammer candle (at the time of publishing idea) - Important support zone - A lot of room to the left - Nice candle formation Only place the order a few minutes before the next candle formation (on daily chart) if the candle still has its form.
Buy FX:GBPAUD Price @ bottom of the Ascending Channel Counter Trendline Break .382 Fib Retracement of UP AB SWING StochRSI oversold Bulish Hammer Candle Stick Formation Take Profit: 5 Pip below 1.618 D Extension Stop Loss: 5 Pips below the lowest low/ AB Swing/ Also below 1.900 Support Level Risk Rewards: 1.3 Trade with Caution! I WILL BUY ONLY if price breaks...
Bullish Gartley pattern formation, and bullish divergence on AO, point D with formation of hammer candlestick
there's a hammer forming on AUDUSD... if we are not at reversal point, soon we shall be
Followup to last weeks idea (link below) Setups is pretty simple. Breakaway from support (now resistance) and now a retest with decent confirmation due to the pinbar. Im looking for a bigger trendcontinuation following the older ideas so my stops is conservative above the rcent swing at 155.50 but u can also place above the pinbar with more risk of gettin stopped...
USOIl retesting resistance at prior structure. we double topped (which was also a pinbar on the daily timeframe) and confirmed the double top by breaking blow the neckline as well as the trendline. nowe we are currently retesting recent structure (deeply). i sold the 50% retracment. you can also look for reversal signals on a 5-15m timeframe if you like. im just...
Bullish outlook 1. Inverted hammer at bottom of trend 2. Double bottom 3. Massive retracement 4. Bullish Wedge 5. Some key support area 2.065 6. Fibonacci .618 retracement
pretty selfexplainatory the 1618 projections refers to the right blue triangle. the projection lines up pretty nicely with the upper trendline.
Please see annotated chart for details.
1) Daily Hammer 2) Series of Higher lows since last month 3) 1.67 RISK TO REWARD 4) Good luck :)
I'm already long this pair, and moving over to the Weekly you can see a beautiful pin bar forming at the bottom of the channel. There's little in the way of Supply ahead of an extended move higher, so i'll be keeping the HTF in mind with this trade.
There is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060)...
Not only did it head towards the downside 5 times but now it has higher low. Don't wait till the 8$ to get in it will spike big time.