Confluences: 1/ with the trend 2/ Fib 61.8% play 3/ Bounce of the channel 4/ Yesterday bounced of support 5/ Nice price action: inside candle 6/ MACD bullish divergence (Manage the trade well, this can be a longer term trade)
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test
Long Scenario: if resistance 1.31000 is broken, enter at 1.31100, stop loss 1.29900, long target 1.33600. R/R=2.08. Short Scenario: if support 1.28700 is broken, enter at 1.28600, stop loss 1.29700, short target 1.22000. R/R=6.0
Long Wolfe Wave to Short Wolfe Wave trade on the 5m chart. The intermediate wave (i) bottom provides an extremely tight stop if price reaches the long target. Place sell limit at 1.509 with a stop at 1.510 and a TP at 1.5014 for a quick 80 pip low risk trade.
THIS ANALYSIS OFFERS VARIOUS SUPPORT/RESISTANCE LEVELS. FUNDAMENTALLY, I DO NOT SEE OIL GOING BELOW OUR 10 YEAR ALL-TIME LOW, OR SURPASSING SUPPLY OUTPUTS THAT WE SAW PREVIOUSLY THIS YEAR IN OPEC PRICE WAR. IT IS SMART TO ACCUMULATE A POSITION OVER TIME THROUGHOUT 2015 IN THE $40-50 RANGE FOR A LONG-TERM HOLD.
We see a strong bullish market that formed a V-formation. In the last hours we formed a small corridor of consolidation with a lot of buying pressure at the bottom edge of the corridor. Candles show that. Because of the overall upwards market trend I believe that we will continue this trend and hit previous highs in a while. Risk Reward Ratio pretty decent with...
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
With point B we broke the upward trend. Descending triangle formation The red rectangle shows that there's much selling pressure in the market. The Stop-Loss is set a few pips above that level, but relatively high above it, because we saw high volatility lately. There is also a certain probability of a long breakout and the triangle could also be seen as a...
UPDATE: Closed out, stop was too tight, should've been at 583. Entry at 652.6 (market price at time of order) Stop at 610.9, just below X Target 736.4 Explanation: We have a gartley pattern formation on the Weekly chart with D placed at the 127.2 of AB which is 678.8. As you can see price fell a slight bit below that level on the chart, but most Harmonic...
A perfect example how to combine possible advanced patterns and price structure to build a case for entry. We recently saw a new structure high which is putting us in Trend Continuation Mode. Typically we see an outside return into previous structure, in this case perfectly lined up with the 0.382 % retracement of our last rally. Completion Point D of the...
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
Everything is on the chart. Shorting CADJPY for a nice r:r ratio at 0.382 fib level and multiple bounces. Good luck! Stop level: 97.14 Profit level: 95.28
Hi all, Here we have a Bearish Gartley that might be setting up. D leg needs to complete at a 1.27% which also gives us a nice AB=CD pattern WE ALSO HAVE A NICE RISK REWARD ON THIS PATTERN STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% GOOD LUCK!!!
Couple of days and a bearish Bat Pattern should be complete. TP at 38,2% Fibo confirmed by some previous structures. SL little above X. R/R 1/2 + high probability for profit makes this trade a good one.
Interesting situation - two highly accurate and bullish harmonic patterns finish somewhere around 0.746. This gives us a very good opportunity for a long position with a high probability for profit.
SL little above 1.414 Fibo. TP1 at the resistance line that after the breakout will then become support. TP2 is 38,2 Fibo of AD confirmed by a previous structure. TP3 is 61,8 Fibo of AD confirmed by some previous strucutres. Now it's just waiting for the market to break the resistance line and then - after reaching 127,2 Fibo - looking for a confirmation of a...
SL little above X TP at 38,2% Fibo confirmed by previous structure.
Right now we have a great opportunity on USDCHF, spotted just now. Previous supports and resistances (also seen on 4H chart) + Fibonacci and candlestick formation. I'm already long on it :D Remeber, it;s just and idea and it's your decision whether to trade this or not.