PAIR: EUR/USD TTF: 4HR TRADE: CYPHER PATTERN NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
It can go both ways but if it doesn't breakthrough the support line (Purple) then a buy will be in order around the 0.80116 levels till 0.80468 but if it breaks through the support. I will leave an order around 0.79873 levels and close around 0.79509.
The name of the game in trading is knowing when to cut your losses short. Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price. We're in the red about $105 from an originally $252 max credit trade. We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's...
Buying Opportunity - A reversal hammer has formed and closed exactly on the on the former resistance. I will leave my order 10 pips above the support but if that fails. I will prepare my order for a sell as it the support has been around since 7th of October.
Buying Potential - The 78.6% Fibonacci line is nearing the Long term trend line and if it respects the support from both of them expect a long sale to the upside. Take note - Due to the whole situation with the US election , keep an eye on it with great focus.
Buying Opportunity - It broke through the 23.6% Fibonacci Line and its heading towards a Long term trend line and if it doesn't breakthrough set up an order for a buy. Take note - Due to the whole situation with the US election, keep an eye on it with great focus.
Price action on this pairing is giving us so many good opportunities to make solid trades off of such a clean channel pattern. With Long term resistance remaining essentially breach-proof during this consolidated bear/flat channel since the beginning of February, the time to trade it short off the D TF is right about now. My stop loss is even with the previous...
Selling Potential - Its been struggling to break through the 23.6 Fibonacci levels for more then a month . If that level gets tested and broken I can expect it to rally & hit the trend line. Keep a good look at it to check if the breakout is not fake when alert occurs.
Selling/Buying Potential - I have left an alert to asses the quality of the previous resistance line (Dotted line), I want to check if it tests it and gets back on the upside or break on the down side to set an entry. P.S - Keep an eye if its breaks or tests in either the 0.50% / 0.618% Fibonacci line for a close or to still hold unto the move.
Bearish bat pattern setup forming here on Kiwi with D completion at 0.72430. Entry: 0.72430 Stop: 0.72660 Target 1: 0.72050 Target 2: 0.71810 Have a great weekend all. If you found this trade idea useful, leave a like, it's always appreciated. Luke
after a very clear 5 bullish waves. it seems time to do some rest. also good engulfing candle
- Small A-B-C correction. - Then some short term upside, before big downside move. ''Press that like button, if you like my post. if you have questions shoot...I'm here to learn... Thanks..
Will be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is...
Nice hammer right at the confluence. Will you take this one?
There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
I had placed trade when price failed at resistance but didn't wait for demand to be removed to confirm higher probability of strong selling