Price broke through the trendline on the 4hr with a large bearish candle. Price is now in a sell zone, if we get a retest of the trendline along with previous structure I am looking to take this pair short. For more conservative traders a solution is to wait for the daily candle to close below the trendline. Target is the 1.618 Extension to the downside, which...
$UNFI looking like a retest of former supply/resistance. POC near 50. Looking for a move to the upside.
For almost a month we had a breakout forming. For now price is holding at the top of the breakout zone. If buyers are willing to step in here we might see a bigger bullish move since there really is not much standing in the way in form of resistance all the way up to 1.81000. Things to keep in mind though: 1. Be careful with GBP crosses today due to interest...
A nice retest on a major trend line
CADCHF has broken the trend line and is retesting it. Possible short position here.
$CUDA .618 golden retracement w/ hanging man, overbought RSI re-entering, MACD death cross nearing. Gap open below to former apex of coil. Think we see a retest of this level, to fill the gap to mid 15s.
AUDUSD has broken a long-term trend line on the 1H chart indicating short term weakness. 100 and 200 day EMA's are confluent with the completion of a bullish shark giving us a target on the short side. This trade takes advantage of the retest with SL above 50 day EMA and a R/R of 2.
The pair has shown rejection at the Daily EMA cluster which will protect a SL above this level. It has also already tested its average daily range and may retest the trendline. TP at retest or AB=CD with SL above the EMA cluster.
We have been watching the us energy stocks and looking for signs of a break down. COP is one that appeared to be in correction and has just recently broken down out of the triangle. We're watching for a retest & rejection and then will be selling.
Hey Guys, We have nothing fancy here, its just simple trendline with elliot wave, so on the retest of trendline which happened yesterday we may get move upwards in LT. If trendline breaks down we may see downward move and elliot becomes invalid. Thanks for your support... Happy Trading !!
Hi Guys, In 4h AUDUSD chart price is retesting the trendline as of now it looks as breakout but lets wait for candle close by which we can determine breakout or not, Conservative traders can wait for another candle for valid confirmation as RSI is oversold in AUDUSD. There is possibility for current candle being closed as Doji over the trendline. Hit Likes if...
Over the past few months we have seen price hit major resistance and retrace to retest the major bearish trend line. Over the past 2 weeks price has tested and failed to break through this bearish trend line suggesting price is ready to continue on its bullish run. In addition, recent news about the BOJ increasing stimulus will surely impact the Yen negatively...
2 weeks ago we saw price break the bullish trend-line, creating a lower low. Last week we saw price retrace to retest this trend line. In the coming week i think we will see price complete its test and then continue on its bearish trend to test the next major support. Fundamentally, we have big US news this week, employment/unemployment rate & non-farm payroll....
Breakout waiting for retest of bottom channel or bearish pa near it to go short. Price should travel down to 78.6 level of impulse leg, which is also the average daily range, completing cypher pattern to go long.
Good time to go long, see 123 bottom pattern. Going in a uptrend to retest resistance. Target is at 420'0 on resistance line.
AUD/JPY just recently again broke above and has retested a downward trend line it has created and been under for a while. A break and close above 78.550 will see us re test the next point on the trend line at 80.00.
Después de haber violado un triángulo descendente, buscamos oportunidades de venta en la zona previa de resistencia, la cual coincide con un fibonacci de 38.2 After breaking out a descending triangle, we're looking to short the market at previous structure resistance, in confluence with a 38.2 fibo level Be careful this week with the Brexit News Cuidado esta...