USDJPY currently sitting inside a consolidation. tho in the long run i see the market goin down further, at least shortterm we can maybe still make long plays. one im interested in is the one shown on the chart. im still long with a portion of my trade i posted earlier (the shark - link below) and i might look for an addon here. the middle white box is a very...
Followup to last weeks idea (link below) Setups is pretty simple. Breakaway from support (now resistance) and now a retest with decent confirmation due to the pinbar. Im looking for a bigger trendcontinuation following the older ideas so my stops is conservative above the rcent swing at 155.50 but u can also place above the pinbar with more risk of gettin stopped...
just like yesterday we saw price respect resistance once more giving us a potential double top. if we break below the neckline and ideally the trendline i will look for some sort of correction to sell. maybe we can get price down to the shark, where we could then buy again, but that way in the future and alot can happen.
This is a followup to recent oil ideas (links below). We respected the daily resistance froming a doubletop and now startin a downsequence of lower lows and a lower highs. A retest of previous structure can now provide a good entry to hop on that emerging downtrend
this is a followup to yesterdays idea which didnt work(link below). now the marketdirection has shifted and im looking for shorts. anything else should be self explanatory.
We broke out from the solid green minor trendline and formed an abc correction. if we can breakaway from the green dashed line we can follow the trend trading potentially down into the green major trendline.
We recently saw a breakout to the downside. after the initial impulse we will now likly form a abc correction that retest the recent (4H) structure. im looking to trade price up there if price does what i want like shown on the chart. when we get up there, i will of course look for short signals
We bounced again off the 4H resistance, respecting it. after that we consolidated in an area below it. now we finally broke to the downside starting another downmove? im looking to buy a retest if we can get any.
EURUSD has been trading within a MASSIVE consolidation wedge on the weekly chart for the past 2 years. Everytime the market gets near the edge of this weekly wedge there is always potential for major moves across all currencies globally. Here we are back at the top of the wedge, as the market is retesting a major structure level. If the market manages to break...
We recently saw a huge downmove in this pair. and i dont think the current correction is enough to compensate for that. i think we will see more upside before/if we then go further down. im simply entering at the 618 retracement of the traingle breakout with stops below the recent triangle swing. nothing special
We have a potential Advanced Bat Formation forming on the hourly that comes in at a previous level of structure support that may now act as resistance. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram,...
Pretty selfexplainatory. We broke out of a range and now we coming back retesting the lower zones of this range. the possible bat provides a nice entry to look for a continuation of that breakout to the downside.
pretty selfexplainatory the 1618 projections refers to the right blue triangle. the projection lines up pretty nicely with the upper trendline.
We have had a short bias on this pair for a while as the market is overall within a downtrend. We have been waiting for price to break out of our box range to the downside. We are currently watching this pair for a retracement for a short position to ride the continuation of the bearish trend. If we don't see the pull back then this trade has already left without...
Price re-approaching 34.23. Idea: wait for a fake breakout to the downside and when price reverses back up, enter long. Avoid: Early entry. Wait for confirmed rejection!
Let's see where this retests (thinking it will retest near the 23.6% area as it has done before.
The substantial bounce off of 23-21 support at the daily level, as well as failure of megaphone top, means i'm inclined to look for 56-53 res retest. I'll look for profit there and the the megaphone upper trendline, ultimately a hold above 53-56 area should test the long term trendline above. If bears step in heavy and we get back below trendline and more...
After completing the bullish butterfly in February, Tesla made an inverted Head And Shoulders, broke the trendline which lead to butterfly completion, failed to make a new high but went instead to test the trendline break and made a bullish turn. Target 252.75 still on table.