Head and shoulders pattern is emerging. Expecting a significant C wave correction (Elliott wave count). Short entry: 11724 Take profit 1: 11336 Take profit 2: 11183 Stop loss: 11906 ------- RRR: 3+
Momentum improving. After extended wave 1 and corrective wave 2.. It appears as if wave 3 has already begun, a couple of buy points seems sound, if 141.8 - 142.0 is broken and daily closes above, buy. Or buy at the support level 140.0 or on the 200 MA retest , the choice depends on your risk appetite and if the market is generous enough to allow us to buy at...
There is potential here for a good risk to reward trade. Things to bear in mind: Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these alts have really low volume so be careful buying as big orders will go right through the order book Good luck everyone! Mark
There is an ascending wedge forming on the weekly chart of AUDCHF. I am expecting a reversal soon so keep your eyes out for a big move to the downside.
The pair seems to have formed a downtrend channel and I am trading the Fibonacci cycle to the 1.618 Fibonacci Extension Level. Reward Risk Ratio 6:1
The Price Action and volatility at the 1.0750 was the catalyst to this high probability short . I owe this trade to a lot of patience because I have been stalking this for weeks. Targeting the FX_IDC:EURUSD 1.05 handle for my first Take Profit. Stop Loss will be moved to Break Even on the close below 1.0630. Any questions then feel free to comment...
I found another retracement setup, so I got in and it looks like a good risk reward of 2:1. I am risking 20 pips in a stop loss for a profit target of 40 pips. Let's check it out .
Price Action for the current state of the EURUSD suggest that long ideas are the most ideal for traders and investors. The currency market doesn't open until about 5-6pm est in the US, but this setup was established on friday before close of the markets. I will start to make these ideas as current as when I get into the trades from now on, but understand that if...
Great retracement to the 0.618 and closeout of the 2nd candle above 0.786 which indicates that its still in upwrd trend to the extention of 1.618
We have a possibility here for long trade on bitcoin . In the intermediate term I still think the price wants to reset, which would involve some sort of triangle or a move back down to the larger moving averages . To understand why it's worth trying a long trade against these odds, we have to consider the possible outcomes, which i'll do in a bit. But first: ...
Fake breakout and Fibbonachi support. (Monthly). Found support on descending and ascending trendline. Bullish Engulfing validates upmoving action.
Waited patiently for NZDJPY to reach Resistance ~83.50 I thought it would reach it yesterday so I was LONG~82.8 TP1~82.9 TP2~83.4 Now good Risk-Reward-Ratio (RRR) on the Reversal SHORT. Conservative Stop Losses to be put above the time-high at 83.75 And... see how this plays out!
Entry: If the price breaks above the last high (shown by comment A) we can think about buying. I already have a buy-stop in place for this. The initial stop will be under the current range (shown by comment B). Exit: We're going to manage the trade by moving a stop up under the lows on the daily timeframe. If the price makes any substantial move in one...
Setup based off Daily Supply Zone -Initial move away 6:1 -Fresh level -DXY in/approaching Demand -Potential Support/Resistance Confluence -5:1 Reward to Risk
This is a risky trade as it is against the impulsive direction and the trend is currently nonvolatile with a very steep 20EMA angle, However the 1.414 level has help up against 6 attempts lower and they all have returned price to the top of the range. Risk reward is close to 1:6 so the potential pay off with the probabilities combined justifies the counter...