Hey Buddies, i think we have here a good chance to get into a cypher Pattern Swing. We also have a support Structure and a good Risk Reward here. I hope u enjoy and press like :-)
I recently posted last weekend that GBPCAD can continue higher. If formed an inverted head and shoulder, but havent been showing a strong move that a head and shoulder pattern tend to. We can possibly see this setup come into play. If we do, it will be the best long entry we can imagine for the GBPCAD. I am currently long with my previous post, but if it fails,...
- Trend has reached support levels within the channel in the daily - head & shoulders formation signaling bullish move -Moving average cross over in the 2hr
Going long here and targeting yesterday's high as TP. Good luck!
Going long here as price is trading inside channel. Targeting 112.300 as TP
-Potential breakout from bearish trend - Crossover in 1hr & 4hr MACD confirm this breakout - Be wary of retest of the daily resistance which I will look out for before taking position - Be wary of economic data coming out of the US 19th July 2017
H4 break the SMA20 I think it has the potential to buy.
If support holds we may see bullish price action towards upside target 1- then then target 2 However if we get a break of the ascending trendline we could see bearish price action towards downside target one
Look for buys. The price is still trading inside the channel. Stops below the previous swing low and take profit at the previous high or 83.600 as extension.
We have just had a very strong impluse on this trade and now we are getting a trend continuation pattern. I will be watching how price will react around this area my fib 0.618. First TP will be the 100% and second TP fib ext -0.27 mark
From a 100% technical perspective, my chart is telling me DE30 looking for top of bullish channel since post subprime crisis rally. Before this happens though, I'd like to see a drop to 12316 - 12392 (2015 high) for a healthy climb the coming weeks. So to conclude my thoughts I think we've seen swing high looking for swing low to a new all time high that might...
Unit could test fibonacci level at 12.68 or even lower at 12.31, then I will buy and hold for bullish trend reversal possible up to 13.7 area. High Profit/Risk ratio on this unit once it starts reversal. Motivation: Despite economic recession, Moody downgrade, political turmoil, ZAR has been strengthening. However, the longer-term effects of the economic...
Long position as trend breaks out triangle and moves towards retesting new support, which I believe will lead to a bullish movement towards resistance.
Testing new startegy :) Happy and safe trading
BITCOIN: BTCUSD Third time lucky? Three chances left to land this fish
WTI: USOIL Pushing up against resistance again so am locking in profit - it still looks strong - but you never know - so am locking in now and looking to go long again 15 or so higher once overhead resistance is cleared
WTI Spot: USOIL Pushing against near-term resistance and needs more Dollar weakness to move up further from here: should come back some from here to give another buying opportunity as per comment. If trading this PLEASE watch DXY chart. The will move in near perfect opposite direction in the near term and DXY is pulling WTI, not the other way round...and the...
EURUSD: The Euro is trying to break to the upside again - but it needs confirmation from DXY to power ahead from here. DXY has to break below 97.3 to let Dollar bears run riot again from here. Keep an eye on it. It should be defended in 97.43 to 97.33 range by last dollar bulls. If/when 97.3 is broken it will effectively say that the Dollar has lost its last...