Been Watching this sell setup for long time and the right shoulder appeared in very timely manner. I believe we may see some bounce back but eventually we will see trigger to breakout neckline. We may hopefully test February 2016 lows 1810. I believe there are lot of fundamentals in favor for this sell off and the Macros are getting battered with economic...
As the pair EURGBP just checked on critical resistance which needs to be retested before going for SELL towards 0.77602
Caso quebre , penso que devemos vender ; visto que ,o macd está a dar divergência e o padrão de candlestick parece estar a favor da venda; a linha de tendência de alta foi quebrada. fez o pullback ...fica aqui a ideia boa sorte!
This trade setup is very simple one. I didnt use any advanced patterns or numerous fib levels. We can easily notice Reliance is in bearish trend for sometime, so we are looking for opportunity to go along the trend. Recent rise in prices towards our marked resistance zone ( based on Daily ) where we have Fib levels overlapping each other. 0.382 Fib level of...
Usually I dont post trade ideas based on shark patterns. The reason is Sharks can complete between 0.886 & 1.13 which makes traders to get confused when to enter. So if you guys have traded sharks successfully & have own set of ratio's : this trade idea is for you only. EURUSD is channeling for sometime and the recent close below our trendline put us on...
Bias = short. Waiting for a correction into previous structure (yellow) to go short. Or Buying / selling on arrow levels- buy at 1.43014 and sell around 1.44125. Wider arrows are TP targets. Watch for potential long opportunities at 1.43014 as there could be correction at this level (weekly support). Good luck traders!
Now we have broken the key level. Awesome job. Get in again after the pullback. Leave your comments and like if you agree, thank you!
Potential downside set up with poor US news being the catalyst for a correction from wave A - B (50% fib 11912 area) for a resumption of the down trend towards wave C (monthly resistance at 11720).
If you have missed the entry from yesterday's triangle idea you can now rejoin. While price is near the trend line and resistance zone around 123.10-20 we can try to sell once a bearish candle pattern forms. There is already hidden bearish divergence that has formed on the M15 chart. Aim to collect first target near last low.
Pair has already formed bearish hidden divergence on the H4 chart and there is also triangle which could be better seen on the H1 chart. Look for a breakout below the triangle to short.
H4 bearish divergence H1 potential bearish divergence to form Looking to sell near 86.00 zone
GBPUSD Sell Setup Pair is about to complete a triple cycle up. We can look for short setups near the 1.45 zone with bearish divergence on top. Great risk:reward ratio here! Protect last high created. Target 1: 1.4370 target 2: 1.4280
Price is under bearish divergence. There is strong resistance on the way. If we get one more top on MACD histogram near the trend line and the resistance zone marked on the chart preferably with a false break we can go short. Final target would be the 50% of the whole move
Possible triple cycle to end near 1.1450. From there we can look for short positions and aim 1.0987.
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
Strong bearish break of the 50% fib level signals a potential move down to re-test 110.972.