Harmonics (dashed blue lines) in conjunction with a sweet Fibonacci cluster line up at a previous significant resistance level (now should be support). Alert set on buy zone to look for opportunities to jump in. Stop loss level will be defined accordingly.
USDJPY is facing a trend resistance and forming a bearish divergence. Target = 112.22
I'M LOOKING FOR A PULL BACK DOWN TO 122.52 REGION TO GET INTO A LONG POSITION THAT I'M EXPECTING TO TEST THE MAJOR RESISTANT TRENDLINE. I EVENTUALLY AM EXPECTING IT TO PIERCE THE TRENDLINE, BUT I WANT TO TRADE THE PULL BACK ALSO, SO TRADE SET UP OPEN: 122.56 STOPS: 122.00 TARGET 1ST: 124.00 TARGET 2ND: 125.00
i think like this is this time resistance ? or not
There is consolidation (above fifth wave in impulsive bear trend) which gives to us the signal to buy. Fith wave at 1.06792 also it has broken the resistance line.
Perfect setup for a short. Stops above the previous swing high. Upper Trend-line of the Descending Triangle Pattern has held on both the chart and MACD. This offers us a low risk opportunity to jump into a short position on the euro. Happy Trading!
Although in a healthy uptrend, USDCAD has run into resistance at ~1.3070 which happens to be a price level on the weekly chart that has previously been tested (as support in April 2004 and resistance in March 2009). Price closed below this level on Friday as a high test bar. Coupled with bearish divergence on the Stochastic and RSI indicator a price action...
First target hit on original idea published Detailed S/R x Fibonacci analysis. Clusters of fib numbers show key S/R x pivot points. Hope to break and exit cloud by end of week, lets see what happens!
60-mn chart showing the bullish wedge forming. Not sure where it will go to be honest. I'm not usually a breakout trader, but if this breaks resist. which is directly above, I will enter.
We are already long on USDCAD on break above the Blue Trendline Wait for price to breakout of the Cloud Cumulus Formation for true bullish confirmation Future Stratus Cloud is bullish, and turned up to the upside Trail Stop, if entry is triggered by the Kijun-Sen Our max stop is below previous Fractal Low Profit Target #1 is the price touch of the...
USDJPY closed with doji on the previous session and it faced to the strong resistance level, on the break out of the 121.4th level opportunity to go short and catch 40 pips
This is a WEEKLY chart of SPY. Today was the last day of the week so I will talk about the Daily chart too. Lets start this idea by calling attention to all those who are calling for an imminent correction in the market. They are right... Yes I said it, they are right. "At Some Point" there will be a correction in the market. But when is the real question....
Since April, EURUSD has been following itself nicely in a symmetrical pattern prior to April. Interesting. Who's to say it won't continue on its course? Certainly food for thought. A double bottom, trend resistance and long term support are the reasons I will be going long for the coming week. Leave your comments. Good luck, and Happy Trading!
It's been a rough week for the Dollar and an expected slowdown in GDP this morning will most likely keep the ball rolling in that same direction. So SELL SELL SELL! Actually who am I kidding? I have no idea what's in store, and neither do you. By now you know how I feel about fundamentals and if you’ve consistently traded the markets over any period of time then...
Looks bullish here as it is touching the top trendline of the downward sloping channel that's been in place since 9/14'......it is at this big resistance lvl. of the upper trendline of the downward channel and could b/o thru this week w/ tgt.#1=216 & then tgt.#2=220. Had a pre b/o day today w/ larger positive volume than yesterday......as always watch volume for...
April 3 ======================= Price is holding above the Month Support 1.0750 so expected to rally out of Berlin. A BUY is set ready for this possibility and a SELL is in place ready for a break back below Month Support 1.0750 =======================
Short or Long... what do u think?