As you can state, We can judge and tell easily that the market respect with grace the trend lines, So you can wait and enter in the reversal patterns and watch out your trade, In other word wait for the touch by the red line and confirm your buy trade by the volume that will confirm the reversal strategy
Not an expert at EWT , but it's relatively easy to see a wave 4 correction of larger wave 3. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)). Furthermore, I see the...
Dear all, I hope that you will react with this idea which was based on the price action supported the most important trend lines to forecast correctly what will gonna happen on Monday, I think that the market will go up with a huge probability
Hey tradomaniacs, welcome to a new free trading-setup. NOTICE: THis is meant to be a preparation for you. As always we need to wait for a confirmation! Market-Sell: 1,73875 Stop-Loss: 1,74480 Take Profit: 1,72810 Stop-Loss: 60 Pips Risk: 1% Risk-Reward: 1,8 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good...
Looking to open longs on a pullback towards the respectable ascending trendline in confluence to the 0.618 fib retracement and previous area of support.
Looking to sell CADJPY on a pullback to retest the descending trendline in confluence to our 0.618 fib retracement and strong level of previous support now acting as resistance.
Pullback Trading Strategy: Pullbacks To Exponential Moving Averages
Thank you for your lies and shares, Much appreciated! __________________________________________________________ The market needed to be looked up with another eye. After the decision of the Credit Suisse company to take down some shares. Did we notice any change ? No! Market TVIXF changing in market shape, passing from a descending trend to a ranging lower...
I love trading these small pullbacks. We have a clear three drive pattern, watching RSI shows price can't surpass the 67-68 levels. OVERBOUGHT. Sellers stepped in and continue to push price down. Possibly to test that support line I've drawn. Let me know your thoughts on pullbacks. We know this is a small pullback before another potential push to the upside.
TSLA soared to all time highs this week... and though it would be fun to jump in on the action, it just feels like Iwould be entering no man's land to be bullish on TSLA at such a high price. I am going to be watching for a pull back somewhere between the 13 and 21 EMA over the next 7 to 10 days. What goes up, usually comes down. This is one that I will be waiting...
PRICE REACHING POTENTIAL ZONE TO BE PUSHED BACK UPWARDS.
Showing overbought at a resistance level. Expecting some sort of pullback to 1.24209 before a possible continuation back up.
Looking at a possible pullback here. Take note of the marked levels for price points. I am expecting price to bounce off the noted level before continuing upwards to previously attempted levels of 1.804xx. As of now I am just observing this pair. Not taking any active trades.
EURJPY currently finds itself trending within an ascending parallel channel after successfully breaking out of the descending trendline. We will be looking to enter longs on a pullback towards the 0.618 fib retracement, in confluence to our outlined parallel channel and the previous level of support.
Expecting to retrace back to potentially retest the broken descending trendline and continue to the upside. Opening longs on 0.618 fib retracement in confluence to the previous support area.
EURAUD Trade Idea Review Fibonacci Retracement, Fibonacci Extension, Exponential Moving Average, Horizontal Support Resistance, Trend Line, Parallel Channel, Pull Back Strategy Entry 1.63095 Exit 1.60136 296.3 Pips
USDCAD currently finds itself retesting the previous level of resistance and holding on pretty well so far. Assuming this level holds, we will be looking for a pullback to retest the current ascending trendline in correspondence to our 0.5 fib retracement area, and potentially bounce off into further bullish momentum. Monthly candle on USDCAD shows huge bullish...
GBPUSD remains bearish as long as it holds on to the current descending trendline. We are now retracing towards the inner 0.618 fib level, where we can potentially look to open short positions and continue to the downside.