Crude oil is very close to hitting a major trendline and strong support is expected there. Market is in clear consolidation mode as the MacD is stabilizing at centre. Besides this I can be certain that OPEC (as well as some non-opec members) won't allow this to persist for longer because the price is substantially below their objective. And finally the USD has...
Recent higt came off structure level and also 50% retracement, price currently at retst of the trend line now going to wait for the 4hr candle to close and see what formation is presented
i am in here long with half postion, if touches down the 4hr support i will enter with the second postion. almost 1:2 R\R
chinese names have been hot lately I entered at 53 because of the enormous resistance level (top trend line). and strong support(bottom trend line). It's just been beasting and i wouldnt recommend buying after such a big move. Don't need excess indicators ke NYSE:EDU ep it simple.
Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop. Entry: 12,060 SL: 12,123 TP: 11,780 --------- RRR: 5.18 Trade with care.
Dear Followers: Here i left to you a very nice trade ( if completes all the requirements). You maybe ask about why i have a target 3 but it's all because what i see on the Weekly Chart ,even if not reached target 3 , the target 1 and 2 still be a very "decent" trade.
Currently seeing a rejection from the bearish Bat Pattern. If we get to previous structure (without violating highs) I will get involved with the Bullish Gartley Pattern. Stops below X Trade well
Buy @ The support area. SL Below it. TP @ 122.753. Very nice RR of 3.16, will yield some nice profits if it goes well.
This pair is currently testing a strong resistance, which lines up nicely with fibonacci 61.8. The pair is also overbought (RSI 14). My stoploss is at 1.248, which is above the channel and above the fibonacci 76.4, giving the pair room to move, but will close out in time if the marked move too much. Will move SL when the pair has crossed below fibonacci 50. Take...
Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up. Additional confirmation would be RSI divergence. OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both...
Here goes my first post... Shorting the AUDUSD based on the idea that there is re-test on 0.382 on fib, which would set up a sweet entry at 0.74845. I tend to keep my stop losses tight, usually around 20/30 pips away. Expecting this trade to go down to 1.272 on fib extension which will allow us to bag a nice 304 pips. Expecting trend reversal at this stage as...
Price has fallen nicely into daily res. swing low from 2nd March to swing high on the 6th March retracement puts price just below 61.8% key level, and also have the moving average crossover too. Standard risk reward, see how this plays out.
After yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan. If we reach level D we get a valid cypher pattern formation for a short entry. Stops above X. Trade your plan
Hey traders, Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan. Stops above X. Targets according to your plan. Greets.
Entry: 11820 TP: 11476 SL: 11917 ----------- The trade will be opened before the H&S is confirmed in order for the RR to be more attractive, 3.29 is very good.
Very nice risk reward. Looking for bounce off channel, also a nice physiological resistance at 0.85500.
Entry -- Price action is pointing to a short bias, with price action respecting major "resistant trendline" causing, price to break the uptrend trending & support to turn resistance, thus triggering a short bias. The point of entry with the best possible odds for the trader is indicated on the chart, which is a classic retest point of entry, which would prove to...