GBPAUD has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish trendline may also add support should price reach...
This is a bearish TCT setup to get us back in the direction of the overall Bear Trend. This trade is @ Market since we are banging up Resistance. Since we are so close to Resistance this trade gives us a good Risk/Reward. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext
We can see that the pairing has started heading to the bullish direction by breaking the 0.70982 resistance line. For now, going long is the best option where there is no sign of bearish evidence at the moment. A potential bullish bat pattern also appeared as we can see from the chart, the entry of the Bat lines up perfectly to the highly respected area,...
A simple trend continuation trade with a great risk reward profile. Additional confluence added where price capped at the 76.4 fib retracement along with structure and daily fib levels. Trade safe
we can see that price closed below lower low of ranging trend,this may be indication for bearish trend,waiting to pullback to fib retracement 0.618 if you want to aggresive,if you want to trade in structure, you can wait until 0.764 fib retracement, and stop loss above higher high +10 pips, Target Profit at fib extention 1.618 or structure resistance
Here on the AUDJPY i have explained a few reasons why i am short this pair from the .786 retracement after the break and close below previous swing low. the rally that has followed in my opinion gives me a great opportunity to short with a small stop loss and good potential profits. If you are interested in seeing the way that i analyze the market and how i come...
Potential Cypher pattern. Major resistance at 1.6586 RSI almost overbought Entry-1.6214 or Major resistance at 1.6586 Stop loss-1.6640 1st target-1.6495 2nd target-1.6444 Move stop to entry when 1st target is hit for risk free trade.
Here on the 1hr chart we have a double top forming at a previous major structure level. We also have an overbought RSI and RSI divergence which in my experience normally sets up pretty accurate trading opportunities. The rules of my plan state that i can sell the double top before it breaks the neckline if the first test of the high is overbought on the RSI and if...