After a downward breakout from a consolidation figure (flag), the EuroStoxx 50 is pulling back in the Distribution zone between 3232 and 3251 points. The index is approaching a ST pivot at 3243, but there are strong resistances in the area around 3250: these points are potential sell levels when the pullback momentum weakens.
The breakout was heavy, hope you saw it coming...
Already short this pair but this could be a second chance for entry... 75+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
price is potentially bouncing off the channel reversal candle also formed meaning trend reversal (pullback on bigger scale) if price closes below channel i will enter short
Entry on pullback with expectations of bullish trend continuation past 82.8 to gap to retest 83.5 on 4hr chart.
Please see annotated chart for details.
Greetings my comrades! Hope everyone has been having a great week! Found an interesting pullback that could result in a potential 6:1 RR! Going to go short if it breaks down from the 50% Fib level! Stop will be above the 61.8% area 1st Target will be at the low of the pullback while 2nd Target will be at the 161.8% retracement of the pullback! Let me know what...
In progress! Waiting for the pullback...Be prepared around Employment news later today!!! 40+ Pips SELL after pullack Good Luck! KEEP THE RADARS UP!!!
USDMXN will show an opportunity to buy after ABCD bearish pattern completion. 21.39955 is matching the D point and one support that previously was a strong resistance. Long at 21.39. - TP1: 21.61956 - TP2: 21.83723 SL below 21.3
We can observe a big divergence in the MACD indicator, wait for the price to break out the upper trend line, wait for the respective pullback and then according to your strategy for this kind of setup, proceed to buy.
FX:EURAUD As expected after falling back inside the familiar range the rate pulled back to test the upper boundary and turned around right on the spot at 1.4470. (watch the video on full trade idea here ) As I have closed a part of my initial position and my stop's at break even - I will be looking to scale back in the trade. I will be looking for a pullback...
The market has broken out the starting point of last rally and the upward trendline has been breached.Now the market is pulling back the breached structure. Meanwhile the 0.618RET is also at this zone. So it is good to sell short at 53.6-54.2 levels when the price action gives signals in the PRZ. SL:above 55.2 TP1:52.1 TP2:51.5 and further more