Since we broke through the 61% fb/ structure zone we can be looking for some shorting opportunities as we test the 88% or even 100%. We already have an overextended market so short term trades have an op to scalp some pips as we make an entry to our longterm target. Long term we are looking to buy based on technicals: Structure, impulse to the upside and fib alignment.
We are at a critical point. Unlike BTC we are trading above previous ATH levels. If we test we can see a run to the 1800 - 2000 range or drop back to the 650 levels and maybe even 300 levels to the neckline. ALl depends on the support zone as is.
We broke through the trendline and the previous support. Now we have 2 dojis and a 4H harmonics indicating a short term sell is in play.
We took profit already with 375+ pips. Now we look to treat prev support as resistance on a break and retest. Looking to short to our initial TP again.
We broke through the trendline and support and now we are testing previous support as resistance. Wait for 4H or daily confirmation. Short Term - 1:3.4 Long Term (safer) 1:2.01
If you have been following me for a while you know how much I love this pair. Every call has been good on the money and this time we already scraped 740 pips on this pair AGAIN!!! If you entered the last time we talked about this in November then you should be at a BE position. However, You can see potential resistance at the support zone 1.7480. This could be...
Short term we broke and tested above the 78% structural zone now we are awaiting a solid 4H confirmation before longing for our long-term short play. The long term trade is short at the 100% level of resistance at the 0.8040 level. Short Term - 1.2.84 Long Term - 1.2:9
We hit the 127 Ext of the Monthly leg looking to bounce short term as a buying opportunity. We will wait to test structure as resistance before executing a long term short trade Short Term - 1:3.14 Long Term - 1:2.94
Short term we hit the 88% retracement of the monthly leg. We should see a short to the 61% of the M leg as well. Because we broke the trendline and 61% we could see another push upwards long term. The retracements of the current w leg would align the 61% fib of the 61% of the M leg + structure. So we have good confluence on a confirmation to go long (long term)....
We are looking at shoring short term as we touch resistance (prev support). However, W/M already broke resistance so looking for longs long-term (safer bet). Short Trade - 1:1.25 Long Trade - 1:2.45
Looking at reanalyzing at the secondary resistance zone from a monthly perspective. Possible opportunity or another SL? How many pips have you scraped from us so far!? Let us know! Idea coming out soon.
We are respecting the 1.34 zone as resistance (tested 3 times already) and forming a solid doji with a long shadow indicating market exhaustion in addition to bearish interest. The 4H gave us the bearish signal and if you missed the trade there is still a chance to enter. RR - 1:3.8
We are testing the 126.10 level of structure as resistance. We are still trading below the zone with the daily candle forming a doji candle and the 4H res [ecting the level of structure making lowers lows and forming double tops. We are currently in a small drawdown but still respecting the area of structure. RR - 1:3.47
As we broke beyond the trendline, 61% fib and m structure with a weekly close above the zone, we are sitting currently in a drawdown. Price is climbing to 1.22 where we could see down average opportunities, short-term shorting opportunities, or possible entries if you missed the trade altogether. We are holding on until we see that our entry zone (prev...
We already tested and confirmed our entry. now in the next few hours, we should be seeing a move to breakeven based on the 4H structure confirming the bearish move. if you missed the trade look at the 1.08 level on the 4H our daily timeframe to get a possible (re)-entry on this pair. If you are taking these trades with us, tell us how many pips you made so...
We are testing the previous ATH and monthly trendline. We need to see weekly close above the structure and the daily give confirmation before we look at validating the idea. RR - 1:3.8
We are testing the 61% fib which aligns with the monthly structure. Now we need to wait for a daily and 4H confirmation- as the daily creates a Doji and a bullish flag that indicates market exhaustion and indecision. Now we wait for the structure to present itself and the environment to shift bearish. RR - 1:3.3
We hit our SL but are still looking at a valid set up for EURNZD as we reach the 1.6999. We are touching the trendline (M), completing a pattern (W), and hit a 127% extension on a daily. 3 pieces of evidence to make a compelling case. However, with extreme bearish momentum, we need a strong confirmation prior to entering. Short term traders can use this to...