Buy signal
1. Support level
2. 50% of retracement of last bullish move
3. pullback on broken bearish trend line
4. Engulfing candle in pullback to broken bearish trend line
Buy at 50% retracement of engulfing candle = 1.5153
SL at below of engulfing candle = 1.5075
TP1 = 1.535
TP2 = 1.558
Extension -- Pullback -- Extension -- Pullback, that's how the markets move. After the current extension higher on the GBPUSD the next opportunity to buy (unless you're a breakout trader) is waiting for price to pullback into previous structure and then looking to catch a pullback trade in anticipation of a move higher.
IF price continues higher THEN I would ...
The skill of technical analysis can be used on any market and on any timeframe and today i wanted to show you an example of this on the US Dollar Index
Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking ...
Looking to sell this pair as it comes up towards 2100. If it comes up way too aggressive, the sells would be off. If not, would be expecting to take the sell there to at least the recent low.
After a fantastic day of trading yesterday, we're looking to have the potential for another today as I have 6 out of the 9 pairs in my trading portfolio on my watchlist.
On the EURJPY chart above, we've just completed a double bottom pattern and my next projection for price is a move up to the 128.50-1.2950 level where we see our previous structure resistance. ...
I bought this on today's close. This stock is in nice uptrend and recently experienced a nice pullback to the 50% Fibonacci retracement level. It is also consolidating very nicely at this level. There was also a nice increase in volume today to support the move. I could have waited for a bullish conformation but all other factors are good so I entered early for a ...
POR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good ...
This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed.
Actutal Trade is done vis OANDA account - FYI
We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines
EXPECTING a BIG PRICE Movement Down..IF analyse is on target !!
>1. For AUDUSD approaching Trendline S/R formed since 2002.
Remember TRADING is never 100% ...
As I said in my last analysis on EUR/USD the price pulls back to the resistance zone that has a potential for continue downtrend. it's good to enter the short position on this pair.
AUDUSD is currently at 61.8% fib retracement from the last swing high of 74.51. The pair is at a strong resistance right now, therefore we can short this pair and target 40 pips for our first take profit level, and 60 pips for the second take profit level. Stop levels is set at 30 pips.
Sell AUDUSD
Entry: 73.50-60
SL: 73.80-73.90
TP1: 73.20
TP2: 72.90
We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines
EXPECTING a BIG PRICE Movement Down..IF analyse is on target !!
>1. For AUDUSD approaching Trendline S/R formed since 2002.
Remember TRADING is never 100% accurate..
>2. With analytics, we however FAVOUR a Break downwards of 1500+ PIPS
to the low of 2012 zone .
ENTRY will be via H4 / ...
