This is one of those trades that most persons will love, the type that jump out at you. Price moved last night from the previous high 61.8 retracement and fell exactly to the 1.27 extension. then we are now having a pull back. Measure AB=CD and you will find that price lines up exactly at the 1.618 extension. know this about AB=CD, they always complete, i don't...
MU has been channeling up since 3/2013 in a wedge that is due to correct by falling to the bull trend line. There have been 3 pushes, and it looks like the correction is taking on an ABC pattern. You could short now or short 1 tick below last week's low.
bounce off July 4th supply zone sold to August 8th swing low. price may reach 96.061 supply zone resistance this week, and bounce once again. 61.8% retracement from 96.061 swing high might sell to 94.013
This looks like a good opportunity to short the USDCAD. I see a nice downfall towards support / Resistance lines and having the MACD support our decision is great. Looking for a nice gain in pips over then next few weeks.
after price has tested supply zone twice or thrice—and buyers have flooded the market—selling pressure could cause a pullback to blow past the 61.8% retracement to the demand zone.
Idea is based on a combination of Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck
This idea is based on an experimental approach I have been working on using Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are going to copy this setup please do so at your own risk. Good Luck
EURUSD at bottom of consolidation phase. Price just made made a 382 retracement followed by a 127 extension the lines up perfectly with a big historical support line. 6 long wicks trying to press through that support line with no closes below. I'm going to be looking for another 382 retracement.
The NZD has been relatively weak and the JPY - almost as strong as the USD. Thus the bull trend line was broken two weeks ago, after a failure to make a new high. Since then it's been following a down fork. At first we saw price dancing above the median line, but most recently there have been more frequent excursions beneath it. So I think it's quite probable that...
the first wave formed. next, the second wave formed with a 50% retracement to signal a buy. then, during the first hour of the New York session, a third wave could be seen to be forming.
Starting from 2013, price has risen sharply, from $19.00 to as high as $32.00. However from August 2013 to June 2014, price has been consolidating between $26.00 - $32.00, forming a potential flag pattern. On 11 June 2014, price has broken out of the $26 - $32 consolidation, confirming the flag pattern formation. This breakout went as high as 33.45, followed by...
EURCHF is in a downward trend, has just hit a new low and made a retracement. If price comes back to touch that resistance line again I'm selling for old low.
The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.
Thoughts on USDCHF. Short cause of the doubletop and trend break.
Idea is based on a combination of median line analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. No more stop losses in my idea's. They have been hunted too often lately. If you want to know those...PM me. Good luck
Idea is based on median line analysis and Fibonacci ratio's. The rationale behind this technical setup is shown on the chart along with specific target and stop loss. Good luck
Wait for a candle to break below, close below the B point. Sell on retest. T1: at bullish Butterfly completion T2: at area of confluence of minor Fibo level with old major structure