Last trends were matching with fibonacci levels. After today's jump there can be another fibo support.
Well this is getting a little crazy. We have had 3 cypher patterns on the USDJPY in the past week which is above normal on the hourly chart. The last one was profitable but only to target 1. Lets see if this one will fill and do better.
So had i posted this beforehand, price was at the 18/19th. The purple line denotes how price could have moved lower which i drew beforehand with the circle above. the green lines are hourly support and the first of which would have been my entry, upon candle confirmation
For any cypher pattern traders out there, we have a nice cypher setting up on the dollar yen hourly. Entries for cyphers are at the 78.6% Fibonacci retracement and this one is at 118.10. The major problem with the cypher pattern is that they have an inverse risk to reward for target ones but it makes up for that by how often it hits targets. Be sure to get the...
Most likely will be range bound until after the FOMC event on Wednesday. I would look for resistance at the 100 & 200 HMA as noted on the chart(red arrow) Hourly support at 1.0590/1.06. I believe it is thin support. Better support 1.0500/15.
Pretty self-explanatory Hoping to see some action now that Tokyo markets are open. Weak Yen at open.
Good morning (at least in Germany =P ), we have possible, even if it is not perfect, bullish crap pattern here on the GBP/JPY M60. Hopefully it will hit the entry. Happy trading.
Hey Traders, I know its slightly late, however as I was scrolling through the charts, I remembered about this trade that I was keeping an eye on. This is a simple Trend Continuation trade for me, We are breaking structure to the downside, and now we got a pullback intro previous resistance which gives us a great RR. For this entry, we waited for a lower low lower...
after a retracment we can buy oil it is the start of wave 3
Not a whole lot of upward room to get to resistance at 48.03 A CLOSE above that, look for resistance at 49.18.
USDCAD pair bounced off trend support, looking for bullish momentum, especially since crude is looking down currently. TP is the 38.2% FIB at 1.34537 Good luck to all
1hr time frame , we have possible short entries developing for a short position , price is currently struggling to keep momentum moving to the upside , as we can see a lot of in-decision within the 18.400 - 18.300 , should we see a strong reversal from the descending trend line , a short position can be taken with low risk. We may move down even as far 18.000 ,...
Took the AUD/Cad Long here. Bounce off the Daily trend line. Divergent on the STOCH. Pull back to the .382 level which is also previous resistance turned support.
Many reasons to take this to the long side. Break of the most recent trend line on the hourly. Inverse Head and Shoulders on the 1 hour. Divergence on the 4 hour. Looking for a retrace to the .618 level or the daily tend line.
NZD/JPY has entered a level of support on many higher time frames and is now showing signs of bouncing off these levels. Entry was @ 73.11 Divergent bottom, Higher low and break of a trend line while making a new closing high. Targets will be set near the daily trend line and SL placed just below just rejected trend line created by higher low. Watch all my...
EUR/USD has formed a nice triangle formation on the Daily chart and we are rejecting the upper trend line of that formation. Dropped down to the hourly chart and just went short at 1.1230 SL at 1.1260 I will take 1/2 of this position off at 1.1200 and let the rest run. You can watch all of my trades live at www.twitch.tv