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Looking bearish atm as price has been rejecting and the Daily downward trendline with strong bearish Candlesticks in play. We have a possible downside ABCD formation (Target to TL Price Level1.12025 and Stop Loss1.1300). However, I would be seeking the bigger move, but must take each target level into consideration and must re analyse to ensure our next target is ...
Looking short to downside targets of 0.82950 then ideally 0.81250. However, if price breaks above 0.86500 then the trade setup will no longer be valid with possible upside targets of 0.87950. Price can retest 0.86250; hence the reason our stop loss being places above.
Looking short on this pair, firstly looking at an upside move to potential levels 1.31650-1.31850 (Trend line bounce).From this level we would await key bearish PA to develop; we would then seek entry to downside targets of 1.3070 then our ideal target 1.29750. The ideal target would be valid on the basis of a bearish breakout below 1.30750. Our management target ...
As you could see outlined on the chart we believe this pair is looking bearish to possible targets of 136.500 then possibly 134.00. There are several ways this trade setup could be undertaken. You can either wait for a breakout and retest of the lower trend line with bearish candlestick confirmation. However, we would be entering this trade around 140.30. Stops ...
We are looking long on this pair. We published an idea last week with a forecast on the monthly time frame. (See Linked Idea).
However, as you could see price has completed the Bearish Monthly ABCD formation with the 161.8% testing the monthly trend line and daily channel line. As explained in the previous post we also have divergence. We would now await strong ...
We are prepared for all scenarios. This is not a trade setup this is just an outline a structure. The trade setups are set in our desired time frames. As there are uncertainties in the market we like to analyse both outcomes and just follow what price action demonstrates.
However, as you could see we have lower highs with a possible target to create our 3rd ...
As our take profit level is almost reached completeing the corrective wave of impulse wave 1, we are waiting for confirmation of a bearish movement to to reach level 0.70599 forming both the harmonic cypher pattern and the big impulse move leg 3.
Signs of bearish movement as we have an engraved candlestick at thw end of correction wave 1-2.
Now we anticipate the short of impulse leg 3
Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line giving us the 3rd trend line bounce. We would then seek bullish momentum at this level. However, if price breaks below 102.00 and demonstrates bearish momentum will then be looking for our short targets of 98.00-96.00. The red ...
If price breaks above the inner trendline then we would be looking long to level 83.00-83.200. Once price reaches this level we would ideally be looking for a short setup down to 80.00-79.850. However, we take it step up step and be patient with the trades. On the one hour window the 200 EMA is acting as Magnetic Resistance in our target area on the upside. ...
We are looking for a possible long up to 1.43250 as we have an bullish harmonic in play, oversold on the stochastic; price bouncing off the 161.8% “D” extension. As you could see price broke below the channel; we are now awaiting for the retest (Bullish Harmonic Target) creating a possible 3rd lower high TL bounce. We can look for b bearish PA around 1.43250; on ...
Price is currently testing the multiple tested S/R SD trend line.
- Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation.
- If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to ...
overall for this pair in the longer run our pyscological target is around 1.1800-1.2000. However, that is based on the larger longer term time frames. In the interim we are looking short on this pair. We sent out a signal where we would short the breakout of the upward trend line which was breached from the volatility caused by the fundamental data.
However, as ...
Potential short to downside targets of 0.73800 then 0.72500.
Looking long.. the analysis explains it all..
-Bullish Harmonic in form
- Oversold on RSI
- Price on 61.8% retracement
We now await for further PA confirmation before entering this trade.
Have a bullish harmonic pattern on the monthly/weekly chart with price being at the monthly/weekly support level. We have 4 trend line bounces in the reversal pattern (Falling wedge) with a breakout retest complete. We can possibly see further bullish momentum up to 9.50 then possibly 14.00 where the 200EMA is acting as magnetic resistance.
-Possible bullish Harmonic pattern forming
-Bearish MA cross over
- Channel Completion on 4 hour time frame
- Possible ABCD downside formation.
Once each target has been met management must take place.
If 88.600 is breached then the trade is no longer valid, upside targets highlighted in Red.
This trade would be a perfect options trade (not binary) price can reach 2400 level. Looks like the 5th impulse wave is in play with price breaching and retesting the downward trend line at 61.8%. If price does reach 2400 we can then expect a corrective wave structure to downside of 1500. However, this would be re analysed. If price breaks below 1800 we can see ...