New pattern forming please be patient. The start of a new descending channel is forming. 31 year low is currently resting at 1.2789.
For the following setup I'll be looking to buy at 1.2850 and 1.2800.
I honestly wouldn't be surprised if there were a fake breakout to the bottom before the reversal comes to light ...
5 Reasons to go short.
1:) Symmetrical Triangle Breakout
2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance.
3:) Expected resistance at .7200
4:) Bearish Cloud
5:) Why the hell not.
We broke out of our symmetrical triangle and now looking to go short. I'm waiting on a pull back to the trend-line in question and would like to see a pullback to the circled area on the chart. I've been pin point accurate all month so lets see how this trade pans out. Once price touches our zone we will execute ...
This is not an idea but a suggestion. Don't trade breakouts when the odds are against you. Look to where big institutions are wanting to buy or sell and then go from there. Trend is not your friend . Nothing in regards to trading is your friend. I forgot to post my sell position on this trade but its obvious ...
Originally posted last Thursday we've predicted the possibility of a reversal between our plotted reversal zone area and then narrowed it down to a Demand Zone and its Sweet Spot.
Price made a heck of a bounce off of the Demand Zone which ranges .7150-.7075 while it's sweet spot .7126-.7100 has not been touched. ...
As shown on previous shared idea for this pair last week. We've predicted the sweet spot for price to reverse to be between 1.3150-1.3185 and it has made it's way downward from this area. Now we are waiting or our targets to be hit. Not too late to enter.
Entry @ 1.3150
SL @ 1.3225
TP1 @ 1.3018
TP2 @ ...
The suggested range of .7200 - .7100 for AUD/USD to bounce was mentioned almost a week ago by several top analyst. I 100% agree with them and is why I've waited. Personally believe that at or below .7180 should be a good position for an entry but like always wait for confirmation. In this chart I have ...
Enter short within the Supply Zone and enjoy the ride!
When trading Supply and Demand Zone areas i always prefer to try to enter somewhere towards the middle of the range which would be 1.3141 to be exact. This will give us a good risk to reward ratio. Stop Loss above SZ. Confirm your entry using your own ...
USD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure ...
Charts observed: Daily ,4hr, 1hr, 15m
Step 1: Below 20 MA . Line must have a downward slope
Step 2: Previous Renko bar must be red/down .
Step 3: Previous Heiken Ashi Candle must be red/down
Macd Cross Down
If price breaks 4/27 low we will entering right away to sell EU . Today for the second time price has rejected from our trendline. We will be taking profit at 1.1175 but could go as low as 1.1133. Around 1.1125 we will be looking for buying opportunities.
This pair has created a pattern on the 4hr chart retracing from the 78.6 fib level twice marked on chart with green check sign and has reached successfully the 1.27 fib extension. We will be taking profit at previous 1.27 fib levels that were previously targeted by the bulls and for our TP 3 will be our 1.27 fib ...
Currently reacting to the 50 Fib level we will watch this closely. If we make new highs here we should see price reach 125.25 however we are looking for an entry at the 61.8 Fib level of 122.90 and we will be placing our stop at the 78.6 Fib line.
This will give us a 380 pips once we reach our profit target..
The reality is that this pair is stuck like a rock in a hard place . Sell 1.4400 / Buy 1.4125.
I will personally be expecting this pair to eventually gain strength around 1.4225 to the upside and try again to hold above 1.4400 but as you can see the pair has been channeling sideways for 30 days + now.
Yesterday we closed below the previous day low. Keep in mind we are still in an long-term uptrend. Momentum is declining and we expect to reach our target 1.1200. After we TP we will be looking for buying opportunities for even larger gains.
I'm in at 1.1300
USDCAD has reached key support at 1.2630 . Oil workers recently were on strike for 3 days in Kuwait cutting the countries oil production in half. Now the strike is over we should see a nice upward movement capturing 200 to 400 pips.