Hi traders! First price must break resistance or support and then wait for the pullback. I will come with more updates. Have a nice day!
The pair is currently oversold and should start some retracement soon. The yellow line is next structure in confluence with Fib 0.618 Level. Look for entry in the green zone. Stops go below last structure low (1.06929), profit target is next upcoming structure (1.09237).
FX:EURUSD
Triangle formed on this pair with a bullish impulse if price breaks to the upside as expected, a small retest from the 78.6% level, to the trendline is possible before going up price has consolidated before at monthly support zone appropriate stops below 50.0%, support gives more protection price has bounced off of 38.2%, 50.0% and 61.8% which indicates that we...
1 flag/phaseline has formed already possible 2nd flag/phaseline is forming for confirmation price is currently indecisive further bullish moves expected if 2nd pattern forms
After a major surge upwards while closing on the previous ATH, #DAX might be looking to start a major pullback to gather liquidity for a bigger move up for new ATHs. A lot of shorts getting stopped out every day and there are still no signs of retail going bullish. Because of that we might be looking at another stop run before institutionals start taking profit...
Could go much higher...let's see! 75+ Pips BUY from (D) PRZ Good Luck! KEEP THE RADARS UP!!!
GBPCAD Drivergence waiting for breakout
Another ride-the-pullback thing. Waiting for another drop then bounce upfrom middle BB before setting up a buy stop order slightly above base fib line with TP near weekly resistance (blue line) and SL at current mid BB. Keeping an eye on ADX and DI indicators in the daily chart though and would cancel or close this trade if ever a cross-over happens there...
No, I'm not in this trade. But we can learn very much from it: - price is in a clear downtrend - then it starts to recover by making smaller stair steps against the DT. - price breaks minor support and... - ...comes back to where it gave up (pink block) If price comes back again now, I'm very keen to take a short. The important part here is NOT the trade. It...
Hi traders, EURCAD appears to be doing a pullback after a downward breakout from a triangle. This opens the possibility for a short position. Selling range: 1.3920 - 1.3940 Target Price: 1.379 Stop Loss: 1.397
Even though we are closing in on a heavy resistance area I think there is room for a quick long play. Looking to enter on a retracement back into 0.7680-0.7596. Primary targets will be 0.7730 and 0.7755. I think 0.7755 will be tough to penetrate but if the bulls manage to pull that off, next resistance is coming in around 0.7830.
Even though the HTF is pretty volatile I see a good opportunity for a quick long play on this pair. Price has just broken out to the upside of a corrective structure. Looking to enter on a weak pullback into support (top of structure) with first target around 1.0080 and if that resistance folds, extended target would be 1.0100.
50+ Pips BUY remaining... Good Luck! KEEP THE RADARS UP!!!
breaking trendline and pullback