would like to hear your reviews/responses
Chart says it all, waiting for your responses. Regards
After a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
At the 78.6% retracement level again
This is a buy setup for the MCDONALDS stock, I expect another up move after the retracement which is currently taking place. Good luck with your trading guys and thanks for the support!
PROS - Low test candle formation. - Rejection of both horizontal support and a downward sloping trendline. - Price sat between 0.5 & 0.618 Fib retracement. - Bullish MACD Divergence - Oversold on Stoch RSI CONS - Trading against the trend. - Trading towards key EMA's. Thoughts on this position?
PROS - Rejection of 0.618 retracement level - Stoch RSI oversold on monthly, weekly, daily. - Rejection of horizontal resistance - Rejection of upward sloping trendline - Reversal candle pattern CONS - Trading against the trend - Trading toward key EMA's TARGET 0.68562 - 0.618 retracement from previous swing low to latest high. This retracement ties in with daily 50EMA
The question we might all have asked ourselves is: how do we recognize a reversal and how do we recognize a retracement? (I am a newbie, so please if you have anything valuable to add, by all means help me and other newbies out by sharing your knowledge about the subject.) The divergence shown in the indicators can often lead to confusing thoughts. Rule of...
This pair has been heavy on our radar in both the London & New York Live Trading Rooms, since breaking out of the descending triangle (daily chart) last week. As we continue to break previous levels of structure support & create New Structure Lows (NSL) I'm going to continue looking for areas in which price action can pull back into, so that I can hop on the...
Getting good signal for long here.. Scenarios; Head & Shoulders pattern on the 38.2% and then we go down to 88.6 61.8 bullish retracement for bullish continuation
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...
A lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD. In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
Maybe wee can see a drop
Long EurGBP after pullback to end of 2nd wave.
Note previous weekly range retracements at the OTE short sweet spot (.705 Fibonacci retracement level) & less than encouraging RSI.. Take profit at the expected .382 retracement.
Possible FX:CHFJPY Price Completed up ABCD on Monthly Now at 1.272 extension of Down AB Swing/ and .50 Retracement of UP AB Swing We may see reversal from 108.48 StochRSI Over Sold for long time Price Falling Since Jan 2015. IS IT TIME FOR A REVERSAL???