Yesterday I mentioned that we have the potential for a bullish 2618 opportunity on the EURJPY 4 Hour. As we dug down to our intraday trading timeframes in yesterday's Live Trading Room session we identified another level that could end up giving us our first chance at getting long.
We'll see what the market has in store for us today, but this could end up being...
Applying Elliot wave theory, a possible interpretation of the current price action could see a tactical pushback fullfilling the corrective wave C down up to the 0.618 fibonacci retracement target, which would also be a confluence level of a certain importance. Then, the rally could continue, especially on the wake of the "brexit" hysteria, or some other looming...
NZDCAD has been slowly trending downwards this year. now once more we have a chance to hop on board. im looking for a sell at the 618 retracement of the most recent downmove - hope we can get up there. stops at least above the small swing. you can also go short now but i stay patient for better risk reward - or better targets.
USDCHF has been in a bearish trend since last year. It hit a very strong structural support at 0.94767 and went up to 0.98014 which is both very important structure based on past data and also 0.382 Fib level of retracement.
It is currently following its decline which has resulted from this 0.3 Fib and past structure. Potentially it might test red support lines...
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
This is direct followup to yesterdays idea(link below) that is currently still active (stops breakeven).
based on the new resistance zone im now looking for another rectracment to add to the position. everthing else should be included in the original idea.
stops should at least go above the blue dashed trendline but above the recent swinghigh should be the...
POTENTIAL TREND CONTINUATION ON AUDJPY
Price is starting to get rejected @ the 84.2 area and also testing the 50 EMA.. If price holds there could be a move to the downside..
Waiting on daily candle to close to see what will happen..
Right now I'm on the side lines just watching for now! :)
Now that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can.
After being broken, previous...
Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!)
If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry...
During the Asian session, the 61.8% retracement of yesterday evening's move held its own. Down trend could resume once profits have been taken at the 27.2% extension by the accounts that have been defending this price level. Tight Stop Loss of only 5 pips as this idea is based on the assumption that the bulls will unload and price will fall sharply after 0.8032 is reached.
Hi Trader,
Thanks for checking out this trade idea. Appreciate the thumbs up!
This is highly correlated with the GBPAUD trade I just posted. It is the exact inverse of that trade setup.
See chart for entry and exit levels.
If you don't have a trading plan, please get one. The biggest help to my trading was when I REMOVED ambiguity in my decision making.
Good...
The longer term trend for this pair has been bearish for a couple of weeks now. This trade is based on a bearish wedge formation that started early this month.
Wait for the retracement and enter around fib 0.5 level with a stop just above the recent top swing in this wedge. We take profit around fib 2.618 for a 1:3.36 RR trade potential.
Comments or idea's, let...
