Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat...
(VIDEO LINK: www.youtube.com )GBPAUD has been a pair that I’ve swung and missed at all week with 2 losing trades & a trade that came half way to targets before getting stopped out for breakeven. The majority of the week has been focused around this same structure level & now that price action is trading below it, I may have my chance at a short opportunity. As...
Here we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades...
Added extra test and % retrace test and comparison to Dax to validate theory that money flows from Dax and vice versa. Doesn't seem evidence of money flow between Dax & SPY that I can see
Moving chart slightly and superimposing an Inside Pitchfork on shorter timeframe to describe recent weeks it seems we are at top of Fib channel although it doesn't preclude a move into the purple slip band already tested . Very short term short followed by bounce
I suspect a quick retrace probably overnight followed by a bounce early next week for next attempt at new high, however to reach 214 would require momentum plus serious buying power as there is a lot of resistance at 213+ So very short term bearish
basic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.
Interesting situation. Nice fibo confluence , channel support, PA support. But there is also this nasty bearish engulfing formation, ofc long signal is much stronger than possible breakout but you never really know :). For now I dont see any good entry point but its for sure worth looking for. I suggest to sit tight and wait for good price action signal.
Just awarded a NASA contract finance.yahoo.com We could see a 38.2 retrace before going for throttle up..... ;) Safe trading ladies and gents @BLawrenceM See U at Twitter for updated charts... Music at work: www.youtube.com open.spotify.com
In order for the bulls to prove their case, they must convincingly break above the uppermost resistance outlined on the chart. A stable move over $300 would be an indication that the bull trend would continue. Barring that, the prevailing trend is still down and it appears that it is going to play out as I suspected and indicated in my earlier ideas in which I...
Right now, the market is sandwiched between two vital levels of support and resistance. If it breaks down, that confirms a move to the $220s. If it breaks up, then we can expect to see a little bit of consolidation in this are followed by a steady move toward $400. Both scenarios are plausible at this point, but I wouldn't underestimate the bulls at this...
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...
Link to my previous forecast, which was quite accurate but personally missed the ride due to a misplaced sell order (~$15,-) - . This one however I already acted upon. You'll probably find this chart extremely messy, and I won't deny that I'm an inexperienced trader - as such I'd welcome any form of feedback or your thoughts on the recent price...
The unusual but legendary squareball X pattern hints a nice bullish up-move coming with a touch of a retracement to begin the move. The bearish correction (retrace) would end around 1.3754 followed by a nice bull rally all the way up to 1.424, and beyond. Watch for fakeouts, have fun and tread carefully! :D
A bit late, but wanted to share a small trade I am in. Using the D-trendline as resistance, price recently broke the steep upward trendline AND some daily S&R. I got in without confirm, and took a small retrace but with a big S/L. The next days candle was bad news, but not bad enough to get out of the trade, day after that we get a really nice confirmation...