EG looks to have made a small flag, could be small trade, could be much bigger, those are my targets.
EJ is at 200 MA on monthly. Approaching intersecting trend lines, breaking diagonal. and the 130.00 price level. I may try to catch a wick up trendlines intersect at 130.17
Bought Burberry back on January 30. It is a small and rather an unusual liberal trade for me. I am looking for price to bounce up to 1770 within a few weeks. Otherwise, I am stopping myself at 1484.
During the US Session between 11 am to 12:30 pm EST is the London Close time range to trade. London Session ends and pairs will have a small reversal as they close out many of their trades. The EURUSD is the best pair to trade this strategy. 10 pip scalp trade.
10:34 am - AUD/USD 1HOUR CURRENTLY SITTING ON 50ema AND RANGING IN A 'BULLISH' FLAG PATTERN. ENTER LONG UPON BREAK OF CHANNEL. Daily 123 Gr4d candlestix . 1st Target Gr4d the close above '2' right now looking for confirmation on 1hr & 4hr timeframe for a Cgr4d within the Flag/Channel.
weekly 123 candlestix and r4d in play at the moment we have a buy signal from the 4hour ema touch and channel break. we even have candlestix Rad 5 candles within the channel itself time to go long towards out target the higher weekly.
On the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have...
Gartley Pattern visible on 1-hour, 4-hour charts. B at 61.8 of XA and C at 78.6. AUD/USD is on a up trend.
Up Trend Line broken by a green candle with a high volumn. the trend has been retested once and in the second test we expect price will jump high (approx. to 217 Pounds.) Moreover, currently Pin Bars candles formed above the trend!
I can see that the share will drop to that trend line and re-test (as it did before). We might Buy when the re-test occur.
Looking bearish to the downside to cover the gap (Gapfill) inline with the daily + Weekly 61.8% retracement + POSSIBLE CORRECTION WAVE. First downside target being 1.07750, however a management target should be considered around 1.10300 (Red dashed support). Once this level is broken the bears will gain further momentum. Our second target being 1.0500. However,...
DIA: SPDR Dow showing 30 points up right now at Igindex.com. that's damn cheap. Take a look at Germany- up 138. Dow and Nasdaq both trading now and are still offering great returns for the brave bull who uses stops sensibly (so they don't get hit unless the market is turning down bigtime)
EURUSD London Breakout Short with a good R:R. As far as we are 10pips in Profit, BE+1 and let the trade run.
As you could see 1.24050 is holding as key support level. We have strong bullish candlesticks sitting on the 200 EMA (Magnetic Support) presented on the 4 Hour timeframe. The UK government is confident with brexit. We can possibly see price reach 1.2700. Our long entries will be triggered on the break above the trendline and the red dashed level (1.25400); entries...
Since the vote on Brexit, the path taken by the index is fairly obivous. The impulsion started at the end of June then is followed a period of consolidation from beginning of August until the end of 2016. The new year started with a serie of new highs when the index reached 7341 The daily graph shows some sign of a reversal with a recent cross of the MACD, a...
That's my idea for today. Just a small retest during the London Open and during the day a little walk to 1.045. What do you think about? www.tradingview.com
Looking short on this pair as the previous day candlestick closed as a strong bearish marbozou. However, on the open of the market we can expect a pull pack up to the 4 hourly 50-61.8% level (1.23500). If price breaks above the bearish trend line we could expect price to move up to the 61.8% daily level (highlighted by red box). As traders we must understand...