Steadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern. The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move...
USDJPY: Range has been broken. Selling at pullback
Please see annotated chart for details.
Looking for USD/CAD to complete a 33%-50% Fibo retracement on the Weekly chart to create a new Fractal Swing High Structure point to continue back into the bearish downtrend. The strength is still with the Bears so once the pullback rally completes look for a good entry on the Daily or 4-Hour chart to go short. The trend channel will be gradually adjusted over...
We just had a correction in trend and we pull back to number 1 and 4 in the elliott wave and hit a good support line. If we bounce of i will buy if we pierce through the strong support line i will get out quickly. Leave a comment :)
Ethereum looks like its finally starting to pullback. Its forming a head and shoulders pattern on the Daily. If this has a strong close below 10 we could see a nice drop to the 6's. I added an entry, stop, target just for a visual key. We'll have to see what price does first before we can establish a solid entry point. Good luck trading out there.
EURUSD to complete a five wave pullback to 1.2693 (weekly pivot)
USDJPY: Selling on bear breakout and pullback of a bear breakout. SL is ATR.
This is a setup for a nearly formed bat pattern. Given the recent surge in crude oil, it is about time it had a pullback. I think we will continue to see further upward movement due to excitement leading into the OPEC and non-OPEC meeting but this will peter out, and hopefully that happens when this bat forms. For this reason, the second target is much less...
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Go long the PBR if it trades at 5.18 or higher. If triggered, place your stop at 4.59 and exit the position for a profit at 5.58 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Go long the AA if it trades at 9.82 or higher. If triggered, place your stop at 9.09 and exit the position for a profit at 10.44 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Go long the VLE if it trades at 4.06 or higher. If triggered, place your stop at 3.44 and exit the position for a profit at 4.48 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Our bias is currently Neutral but until the 4hr 50/60 ema is cleanly broken and re-testest as new resistance then its in a neutral stance, IF however the prior mentioned happens then the stance will be bearish.
A buy set up is now in motion. Once price pulls back towards 1.11 and selling becomes exhausted price is then likely to begin rising towards the previous highs around 1.14. I am seeking a buy entry on a 4HR candle around the 1.11 once price action presents a signal candle.
Busy day today...now that the dust has settled it's time to ask ourselves "What's Next?" I took this opportunity to record a video going over the I.P.D.E. thought process that I use when performing technical analysis & walk you through how I go about making my trading predictions before looking for entry opportunities. Here's the link to the video...