Price action is bearish so I am looking for short opportunities. I saw previous structure so way waiting for price action to pull back there; giving me a R:R of 1:2. I placed stops 10 pips above previous structure as this will tell me my idea is wrong and a potential rotation in trend if it breaks previous structure. I placed targets to the previous structure...
Price Broke from Daily Trendline structure and as we know price moves in two phases: thrust and exhaustion. This current retest is the first exhaustion after the initial thrust as we wait for it to continue in its new direction. Furthermore, I'm A HUGE fan of chart patterns and we see an ascending wedge which is... you guested it, a continuation pattern, telling...
USDCHF in multi resistance zone : PA + fibonacci. Looks like it can go down to 0.9825 zone and from there may be create pivot low to buy 38% retrace zone back up with the bigger trend to 1.0 zone but we'll need to wait and see price action there... Best of luck :-)
Price has just rejected a short term resistance with a long tailed pin bar. There is a sell opportunity for those of you who missed the previous short setup at key resistance (neckline).
Previous Lupin short term trade stop los hit. However this chart is for Medium to Long Term perspective. Good buy zone 973-993 De-risk the trade at 1050 and continue to hold for bigger targets of 1160, 1309 and 1400+ Price is now at second/strong support of 973-993 after breaking previous support of 1010-1020. Pharma sector had its bad days since last 2years,...
Price reached to a short term support at H4 time frame and formed a long tailed pin bar. There is a good opportunity for those of you who missed previous long setup in daily chart.
Finally price broke the neckline and formed head and shoulder pattern in EURUSD. I'm waiting for price to rotate back to the 1.16700 level (neckline) to get short.
Price has reached to a very strong weekly support zone. Conservative traders wait for a bullish candlestick confirmation to get long. In the other hand, more aggressive traders (me included) don't hesitate and buy around this support zone without any confirmation.
THE STRUCTURE IS STILL TECHNICALLY BULLISH BUT THE PREVIOUS IMPULSE UP WASN'T VERY STRONG. BUILDING PERMITS TMRW AND THE FOMC STATEMENT ON WEDNESDAY SHOULD DECIDE IF EUR TAKES ANOTHER BULLISH IMPULSE OR IF USD IS READY FOR A REVERSAL. FOR NOW PRICE IS CONSOLIDATING, FINDING STRONG RESISTANCE @ THE 1.20 QUARTER POINT.
looking to buy near the low and support as described on the chart. Best of luck :-)
EURMXN Bullish Engulfing at support, potential move to the upside from the 21,103-21.186 area.
Bullish Pin bar at support, potential move to the upside from the 1.46966- 1.4759 area
USD/JPY is an overall bullish trend, which retraced until it reached a very strong support at the level of 110.170 and bounced back with confluence and its currently heading to resistance level of 115.373, place where I will place my TP. Due to the strong Buying force the dollar has gained my SL will be placed at 111.439 as I believe it will only start to apply...
Looking for a pullback into 81.00 to sell for a short term trade down towards 80.40. If that level folds another run for 79.80 is likely.
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00