overall trend is bearish, but we have been raging for a very,very long time also failing on multiple occasions to break below around 0.73406, only if we can break below that level would be a continuation of the down trend taking a short, for me to go long we would have to break above 0.79925(break, re-test continuation) PURPLE BOXES ARE TARGET ZONES
Oil has been trounced, major decline since Jun 2014. Almost 40% has been wiped out because of OPEC being little kids and not controlling supply. Possible reasons are to combat the EV and solar industries. Anyway, ETF is close to the retracement point, I have an alert for 46.8 and will go long when a few factors like OPEC readjusting their stance on oil price as...
An easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.
Nice and simple as always. Shorting below 9761, stop loss at 9880, targets are the green lines. Orange line is entry level (just below there) red line is the stop loss.
Didnt have time to post this earlier. Simple EURUSD bear flag formation combined with Fibonacci. We broke the flag channel and the 0% Fibonacci support level. Now we are targeting the green negative Fibonacci Levels which are the extension/projection levels for the currency pair now. Simple strategy that works really well.
Such long very bottom; 2 places to long, take both and cut losses when necessary
ON chart we can see forming littl SHS formation, alsow we can see at we are on resistance from chanel wich form from about three days ago. If price brekout and only if we get pullback and price hold that level we can click Buy button, if we get another scenery i will be out from this market. But if it work we can see Gbp/usd on + today
On chart we see perfect ABCD pattern. First we get double top then retest of resistance which now turn into support. Over all we see bears jumping into market. Our stops go littl bit above the shadow of last candle. And take profit about 0.382 retracement. If bears going to push more down i will move my tp on 0.5 or even 0.618. Have a safe trading ;)
On chart I find nice trade entry on SHS formation. We see at head of formation are very long this is becuse we hit support zone and in higher time frame is looking like we have abcd patter alsow (bearish formation) entry as always we take on neck line for more agressive traders and for more conservative i would order to take position below neck line from 5 to 10...
Todays news help us to reach very strong support wich was test much times. Overall this line will hold this move and allready we see bulls jump into trades. We see in last days that abcd formation was formed and price stop at 0.618 fibonacci retracement where is now our support line. I think the price will go at 1.27 retracement from our today move. And look left ...
Hello Traders as someone can know i am from Norway and sometimes i am not only looking at Forex but some trades wich i can add to my personal portfolio. Norway index is not in good shape at this time. What i think about it you can read up on chart. Have a nice trading ;)
Hello on EURJPY we see simple but strong formation wich can show revers of the trend. Have a nice trading and keep your trading as simple as you can :D
My second idea and i get same formation like last time Long on Nzd/Usd if price come to 78700. Have a nice trading
On 4h and Daily chart we see that GBP/USD creating big head and shoulder formation wich can be start of new trend if price reach 1.6200 resistance.
I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com
Getting ready for a breakout... this should be a fun watch but I am expecting a nice bounce up out of the break and looking to make a quick profit. As you can see the Stoch is in the oversold(ish) area and is looking to get back from that. While the moment just like the trends are moving in towards each other. (Low High, High Low). This should be a fun play!!
The momentum is going down while sharp trend up. Possible Big Right Shoulder Grey Line = Entry Red = Stop Loss Green = Take Profit Blue = Trend Black = big support