Since finding support around 1.2690 the Pound has managed to retrace ~350 pips and is now sitting right below the 1.300 handle, which was formerly support now turned resistance. Depending on today's close, we might be entering into a range as the Dollar continues to give ground against the other majors. For now, I'll be watching and waiting for a signal from my ...
Shorting the recent bullish move move in the established downtrend of CHFJPY.
Low volume on bullish move = weak momentum
RSI needs to cross through the middle line
ABC corrective pattern needs to complete around 109.50
Entry at 109.5
Stop at 110.5
Profit at 105
Market totally Exhausted. big chance of a pullback here.
I closed my long today, i been longing ETH for the last 3 months during the 2017 reversal.
i think we will see our first major pullback here to allow some fresh money & take out some fomo longs.
Open - 2430
target one - 2050
target two - 1850
Stop - 2700
As always with all altcoin trading we ...
Looking for a simple trend continuation trade here on gold as the market consolidates in it's latest pullback. The "Initial Killzone" that i drew out is a combination of the two bigger killzones that I've identified combined with levels of Fibonacci ratio confluence.
If you were to zoom out to the daily chart you'll also notice a previous level of structure ...
After an impulsive move down to break a 6 month support, the Canadian dollar has found some support and spent the last 5 days in retracement. As price approaches the 38.2 Fibonacci retracement level of the current downtrend, we see that same level shows to also be previous key support and resistance. Watching the .75 key level for reversal and downtrend ...
The Price is still holding the same structure and the Engulfing candle telling me that A bearish Pullback may take place
If the price reached 77.290 I will activate the trade, because I want the price to sink under the RSI 50% to make me more confident about this position :)
EU chart is in a triangle on 15mins chart but still posting higher lows. However, there is a potential trade for short on the breakout pullback and short entry. If there is a breakout to 1.1136 level an dthen a pullback to 1.1147 level then shorting with atarget os 1.1115 can be a good trade. SL