Entry: 1273 or from support trend line TP1: 1281 TP2: 1290
If and only if gbp/aud moves above 1.7830. then I will enter a buy position at 1.7840 Stoploss at 1.7491 target 1 = 1.82050 target 2 = 1.8691 If and when target 1 is reached i will move the stoploss to break even and then some, and exit half the position, i will exit the other half at target 2 or before than depending on conditions.
Price action took it's 3rd bounce and failed break of the bearish trend line thus validating it. Watch for a break of the lower trend line to confirm a bearish move to fresh lows.
Mkt in bullish trend. As long as bulls hold above the 14.80 invalidation area expectation is a test of 18.25 resistance zone. Mkt is currently retracing towards 16.00 broken resistance zone which is likely to now become support. A bullish trend continuation setup is forming offering traders a 1.5:1 reward to risk if entering long at beginning of support...
following a break and close below a near term trend line A close below 0.97790 on the 4 hour chart could lead us down to 0.96800.
Seems like nice decline of the neckline lvl on 4H. Will wait for CTL break and bearish close below on the same timeframe.
Buying at the green arrow and taking profit at the red. Or Waiting for price to head into previous structure (yellow box) and selling at an opportune time. Good luck traders!
A number of trade possibilities on this symmetric triangle. I personally would be bearish USD fundamentally, so look for downside breaks to trigger an extended move down. Breaks to the upside will also provide excellent opportunities for a short-term trade.
Potential EURCAD long setup: Opportunity: Price is finding support at the 800EMA, but might dip lower down to retest the previous support. Look for long opportunities on lower timeframes (4hr & 1hr). Entry: Look to enter long at a 50% retrace from most recent swing low to swing high (around 1,4280) OR wait for price to retest swing around 1.4080. This is the...
US news dominates this week and therefore waiting for how price reacts at key levels is key to success. At present price has rejected new lows and is hinting at a retracement which will likely be to the 50% fib level. With that said a continuation of the downward trend cannot be ruled out with Yellen due to speak Tuesday afternoon and Carney Wednesday morning,...
Short on a break of the short term trend line, this line isn't as well established at the outer trend lines which are based on weekly price action and therefore is has a greater probability of being breached. If it holds a long trend to the next outer trend line is advised.
Trading a break of the 76.4% fib or 50% fib level is likely yo yield a favourable trade. So what is going to cause a break above or below these levels? BOJ chief Kuroda is speaking in the early hours of Monday morning while the Chinese Trade Balance is out sometime on Tuesday. The Kuroda speech is likely to have more sway in moving price action however if it...
Price action heads towards 1.44 for a test or the daily trend line and resistance at 1.44. Looking ahead we have BOE governor Mark Carney speaking on Tuesday and UK Manufacturing data out Wednesday and both can be seen as catalysts events to drive price above 1.44 or back down. Look out for each news event as equally appealing trading opportunities are likely to...
Very strong symmetrical triangle formation. 6 hit points getting closer and closer as the market approaches the apex - good sign for a strong breakout. By the upside, sell the downside. Profit targets indicated by the horizontal green lines.
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...
Nice cypher pattern just completed in the most recent candle. SL is based on strong previous structure. Profit target based on Fibonacci levels.
Good bat pattern on the daily USDEUR chart to trade over the next several weeks. My fundamentals are pretty neutral on this pair so will be nice just to see how the pattern plays out. Buy at 0.8790. Stop loss based on a very solid piece of previous structure support. Profit target based on Fibonacci levels.