Targeting bottom of range, and possibly OTE Both aggressive and conservative targets on chart
Nice defined range, targeting a short @ OTE Careful of the China tariff rollback news
Dumping on decreasing volume, thinking we retrace some of last weeks bloodbath. Keeping stops tight, as the weekly bearish engulfing is just plain scary T1: 3890 T2: 4000 T3: 4175
Title explains most of the trade, easily defined R - Brexit news coming tomorrow, keep an eye out.
Range Violation in blue on left hand side led to test of upper range. Range Violation in blue on right hand side should repeat. Targeting a full retract @ 1.13067
Have been experimenting with this pattern over the weekend - putting my money where my mouth is. The nice thing about 3 drive patterns are their easily defined risk. Targets and SL on chart.
Seems to have printed a very nice SFP, needs to regain the Monthly EQ quickly tho, a new low here would invalidate the trade. For confluence - this seems to be a legit S/R Flip:
A pattern BTC has used many times in the past. Ive added trendlines and fibs for confluence.
Simple stuff, uptrend which turned into distribution, solid downside break - shorting the 1st test of supply zone. Expecting a change in market structure from here, and looking at .947 area as first target.
To the left we have 3 trading ranges The top being the one we broke down from initiating the downtrend. We dropped, almost perfectly - the exact same distance to a short term support, and retraced 50% of our new range, with a small liquidity chase/stop run thru the 50% point. Then turning further downwards to yet another almost perfect measured move equal to...
Bearish news for NZD - Bullish for CAD T1 - .8910 T2 - .879 T3 - .869
USDJPY Looks primed for a move up. Major downtrend line has been broken, and retested. This downtrend spanned over 3 years After the break - we visited the Yearly Pivot level, which led to the retest of the downtrend line, which bounced well. We then broke through the old high, and the pivot and now have a perfect S/R Flip right at the yearly pivot - with a...
After a massive selloff, breaking the 2016-2018 uptrend line, CL will likely find support at the bottom of this range, and the Yearly Pivot. Its very unlikely we continue down from this current level - and a much higher % probability is that we get a DCB/Relief Rally Bargain hunters will step in short term, short sellers will take profit, and we will see a push...
NG just tore through a long term downtrend line, and horizontal resistance. ... but there cannot be inefficiencies in the market, aka "gaps" They eventually get filled. Judging by the heavy selloff on the Daily: We will fill it sooner, rather than later. Entry in the Gold Box around 3.38 Exit around 5.70's
Channel breakdown, once confirmed at the end of the 4HR candle, will likely lead to a visit of the .98 - .97 area
BTC has been in its "eternal sideways" for 8-9 weeks. During this time weve had a bearish candle formation right at the top of this FW, and the 200MA which signals to me that were prepping for a downside move. Theres a well defined range, thats about to break downwards, and trigger a new yearly low @ $5425 Once this happens, we will likely have a DCB, before...