Looking to short EUR/USD. It has retraced to the key 61.8% fibonacci level and has also broken a trend line. RSI and stock also indicate oversold however on the 2 hour time frame Stoch indicates this pair could go up. We believe there will be a minor retracement before the continuation downwards. Our first Take Profit Target will be 1.1341 and the second target...
After finding a bottom on Friday morning around 1.24205 and pumping to 1.24859 shortly after USDCAD dropped to 1.24425 on Fridays 5PM close. This pair specifically has been making higher lows my target for taking profit is 1.25909. Also this pair looks very oversold. I went in with a take profit only and no stop loss on Fridays close.
Hi This idea is based on commen sense! The peaks are closing lower, but the troughs are closing higher. The dynamic resistance line is broken. The dynamic support is still intact. Both dynamic resistance/support have been confirmed two times. Feel free to comment!
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Look all strategies on urbanstamcar.com The 3 Step EMA Strategy for Forex Trends
CL played out very well for us. Price moved back into our zone and triggered a long (a small position). We have covered into this spike. We will look for pullbacks to establish a new position. We will post another chart with areas of interest. Stay tuned.
I am already short on the Dax as the market looks increasingly bearish to me. Starting to edge below trend line support which will send the market lower. Going to enter short again on a break below 10540 and target the green support levels below. Simple and Easy
Previous Support has turned into resistance at C. 1) Breakout, 2) Retest ..... 3) Continuation. Price action has formed a descending channel... A,B,C Retracement of downturn into the fibonacci sweet spot... C (Confluent with previous support) All 3 confluences line up nicely. Watching price closely for signs of a sell!
Looking to buy GBPUSD above the orange line at 1.13813. Targets are 1.14587 and 1.14890. Stop loss will be placed 20 pips below the 1.13146 support level.
Well defined stop loss with a high prob chance for good profit imo
kicked eve in the stomach for an abandoned baby tp open sell tops of the Adam and the drop of the baby splat:D
We saw some big drops occuring in thoses first days of 2015. The bleeding touched at 255 (April 2013 old ATH) and we pretty quickly came back to 275 which is very important price. 275 being at the same time : long-time support for 2014 end, 2014 lowest price, first fib. retracement if we consider $4->$1165 being Wave 3. Check my previous charts to have...
Looking for LONG XIV off $27 with scale in $25 (if lower) - Target $35-$40
NZD/CHF has clearly been in a slight uptrend for over a year. Here is a simple model that may help you find the right time to buy or sell.
Visually you should be able to understand this simple analysis, a break and a close below 6501.96 will see me enter a short either a signal on the daily or weekly ( i will do a full analysis break down explaining the whats and why's later)