So there is a good looking Retrace Action might be on the way. So we're looking to see Retesting follows by Immediate Rejection just above upper Level.
Ending diagonal close to 618 retrace zone... 100+ Pips to target Good Luck!!! KEEP THE RADARS UP!!!
USDCAD still in correction after breakout,wait for it to end,or to reach 0.618 Fibo and reverse
Potential short entry. See attached zoomed in picture. Will update Monday morning after market open. (GMT +8)
There is a D1 Pin Bar bias, i will play the initial downward response then when everyone puts there stops at break even sell again at the head of the pin bar trapping those traders.
Filled longs with average of about 1.1076, expecting a restest of previous resistance of about 1.14. 1.106 was 61.8% correction of previous leg up from 1.095 to 1.123, this leg being 61.8% retrace of the Brexit plummet. The target of 1.14 is the 161.8% extension of the previous leg from 1.095, resistance zone on many occasions, TL since the 3rd of Dec and...
EU hit new lows yesterday which will cause an outbreak retracement pattern as seen in this 2h chart. Look for this pair to long significantly throughout the rest of this week. Cheers.
The uptrend holding the price up at this level has been broken through and the price is going up on the last test of support turned to res on the 0.236 fib line, soon to be rejected and squeezed down through cloud support, and once broken through IMO its a short bumpy ride to ~3500 (2.618 fib support)
Be patient When USDCHF done retrace or buy when price breakout upside of the box
Hi guys, Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully. Stops will as...
Daily trend formed, after strong break out... taking the retrace trade on this bullish trend. Entry around 0.7625 Targets @ 0.7765 1:3 Risk reward
Price just broke the trendline and is expected to go further up before retracing down.
Will we see bulls step in here for a retracement back to the triangle resistance, or is the Aussie bound to fall even further? This is an area where i assume bears will take profit. If bulls see a smaller retrace breaking structure i will get long up to previous support. Have a good weekend! Cheers!
Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a...
This ADX seems to be heading to a third wave that will be stronger than the other previous two. There may be some retracing in between with a short opportunity between now and christmas. I believe we will keep on an old support and won't go below 400. Then Santa's rally will come and keep up till 2016, then.... who knows, hopefully some sideways calm period,...
Possible short in motion...let's see what happens with Monetary Policy Minutes at 7:30 NY! 150+ pips to the downside...Good Luck! KEEP THE RADARS UP!!!