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.
GLD broke out and reached target - Golden Cross. Now going to retest the trendline break and I expect to continue higher. However, ruling out the pullback to 38.2 or even 50 would be very ignorant. Dropping bellow 110 would target 105s.
Support has been retested, we have an opportunity to sel, SL goes above previous structure.
I have been short this pair for a long time and we recently saw the key level of 126.00 broken with a lot of momentum. We are now see price move back and approaching this level once again for a retest which could provide a fantastic swing trading opportunity. I will be monitoring price action very closely and look to take a nice short with the long term target...
Looking for a breaktout to about 115.00 Waiting for a retracement and retest of support on the upward trend around 113.50 Taking a long entry and aiming for a target on the median line near 117.00 Good luck traders!
New long opportunity on EUR/USD after the previous opportunity didn't trigger. Please see annotations on chart for details.
This trade is now for more than a week on my radar. I got short yesterday at 0.7200 even handle. Since then we saw more buying pressure but never closed above X (white horizontal ray). Moreover we formed a double top during the asia session with nice bearish divergence on the RSI. It therefore offers a better risk/reward. Check out my related post for more...
Chart says it all: -Broken and closed outisde really strong trend line acting as resistance -Now not making lower lows -Also found support on the monthly key level 1.9900 and 20000 -which is a good psychological number if it hold -Break-retest-enter -Target key level of weekly resistance 2.0400
My analysis is based on structure and price action. My idea might be not suitable to use as signal. Trade on your own risk. HAPPY TRADING!!!
In case of a deeper price rally into the red area on the chart, we will have a bearish Gartley completion level, a fibonacci cluster zone and a retest of a broken structure to the downside: this confluence triggers a sell.
AUDCAD has completed a bullish crab at a strong level of support. The crab completion level is confluent with 07/2013 lows, CD=2AB, and 2.618BC extension levels. Potential targets on chart.
Bearish move till 0.5 fib level where it will retest previous highs. Then we can see a move up to retest the R at 129.5
Since January 2015 the EURCHF has been in a somewhat dormant bullish trend, with some dips and sideways movement, however there hasn't really been a sign of a definitive trend. We had some potential signs of a bullish trend in July 2015 with a breakout of the range (highlighted by the rectangle to the left. We had a re-test of the range and then a further move...
DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline. I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat.
USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above...
JPY is quite strong. Actually idea is retest from the bottom SR zone after breakout... SL not so wide, 22% of last biggest correction move. It was already executed, so maybe there won't be retest (of retest) :)
NZDUSD has retested a BAMM line and in doing so has completed a bearish Wolfe Wave. Going short here would target the completion of the Bullish Bat which coincides with both a missed daily pivot and the EPA/ETA combination from the bearish Wolfe Wave. Market entry used with SL above structure highs and target at the completion of the bullish bat pattern.