Hello traders, found this great opportunity earlier on USDCHF daily chart..
1) Great risk/reward
2) RSI shows bearish divergence as this pair double topped
3) Bearish sign in candle's wicks for the past 4 days
Good luck :)
A bullish Cypher is finishing on EURUSD 1H, RSI diving into oversold territory provides an argument for a LONG entry. T1 @ 382 of CD leg, SL below X. Previous structure suggests possible better entry at around the 886 retracement. Solid price action leads to pattern completion. Took the CD leg on structure and candle signal, waiting for price to hit entry level
A bullish Cypher pattern coming to a finish on NZDUSD 4H. Took the CD leg with target @ 786 retracement. Previous structure suggests a better entry near the 886, however rules are rules and are used for specific reasons. T1 @ 382 of CD leg, secondary target @ 618 nearing previous structure resistance (inside). Overall uptrend on this pair plays for a favorable...
Bullish Cypher coming to a finish CD leg on an overall uptrend on USDCAD 1H. I´m favoring T1 @ previous structure high considering the trend, stops below X, RSI entering oversold territory.
We are looking at the GBPJPY approaching a major level of structure (Resistance) in confluence with a major fibonacci level (The 61.8). We will be waiting for the price to show reversal proce patterns, not likely to enter aggressive in this trade,
Of course if it breaks above the resistance, we'll start to look for long opportunities.
Remember guys, Eyes on...
FX:AUDCAD is currently in a symmetrical triangle, if the price breaks out to the upside, we are looking to short once it gets to the reversal zone, there we have a 618 fibonacci retracement plus a 1.272 extension in confluence with a very nice Supply/Demand Structure Point.
Remember: Eyes on your mind not on your trade
CORTES TEAM
+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close.
Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to...
if we see this candle close above the previous lowest close I feel we could see a move upwards
If we get an impulse leg and structure broken we could see a potential 2618 set up
We are looking to short the market @ 1.11600. for three reasons:
1) Cluster of long and short term fibonacci retracement and expansion
2) The completion of the AB=CD harmonic move
3) all of thi in confluence with a major structure resistance
Remember guys: eyes on your mind, not on the trade.
CORTES TEAM
Opportunity to hop on the recent downtrend , we have a retest at previous structure resistance in confluence with a 61.8 fibonacci level, also the price has tested 4 times the minor resistance .
Oportunidad para seguir con la tendencia, testeó y respeto la estructura previa y está consolidado, tenemos también un fibonacci alineado de 61.8
Careful with the...
We have come back up into the same area that has shown ressistance before adn seen a drop.
I would be looking to get short
Im not sure what affect the Brexit Vote will have on certain pairs time will tell
Después de haber violado un triángulo descendente, buscamos oportunidades de venta en la zona previa de resistencia, la cual coincide con un fibonacci de 38.2
After breaking out a descending triangle, we're looking to short the market at previous structure resistance, in confluence with a 38.2 fibo level
Be careful this week with the Brexit News
Cuidado esta...
En nuestro radar tenemos un nivel estructural de compra importante, sin embargo estamos esperando que los patrones de precio nos digan que se va a respetar este soporte, de no ser así, esperaríamos un retest a la estructura previa para vender el breakout.
On our radar an important level of structure, just waiting for price patterns to confirm a reversal sign to go long.
A Cypher finishing on NZDUSD 4H. Previous structure high 30 pips above .786 entry spot could prove for a better entry and reversal. T1 on .382 (B Retracement is previous resistance, could prove a good support test before continuing to T2) and T2 on .681 CD leg. RSI divergence on overbought with price action losing strength to the upside.
+++ Don't forget to LIKE & Follow+++Here are my thoughts about EURUSD on 4H.
Price failed to make a higher high higher close above previous minor structure(red line) and if you drop 1 time frame lower you will see a Double Top with RSI being OB on the right Top + bearish divergence - nice trading opportunity for shorting EURUSD. If price goes higher you can take...
An odd looking Gartley but a Gartley nonetheless is finishing on EURUSD 4H chart. A Bounce on the .786 XA leg would also begin the CD leg of yet a larger Bearish Gartley. Structure lows provide good argument for LONG entry along with an RSI entering oversold levels. C point coincides with .382 retracement of AD leg and is also previous structure high giving a good...
A Bullish CYPHER pattern coming to a finish on CADCHF 1H. RSI sliding toward oversold territory favoring a LONG entry. First target @ .382 retracement of CD leg. Previous structure lows around .74638 could provide a slightly better entry just below the .786 retracement level.
