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EURUSD - Keeping an eye on Price action around the 1.0900 region, multiple confluences here including market structure, the 4hr 50 EMA, 71% fib and the 3rd touch ascending trendline. Bare in mind we are currently sitting on the daily 50EMA so price may struggle/reject from it's current location (1.09300)
Having come from quite a large impulse to the down side I do believe we are due a slightly larger pullback/correction. to highlight we are still in a bearish cycle we have recently broken a daily low. My ideal area of interest would be on the 3rd touch of this descending trendline. In this region we line up perfectly with the 1.79000 key level and also the 50%...
Not too much we're looking at today. CADCHF has caught my eye, we've just stripped this right back to look at it from a patterns perspective. Currently completed the 1,2,3 touch structure, rising wedge pattern, double top and price action right on the daily 50EMA and rejecting nicely. It is a simple trade but could be incredibly effective if we play this to the 90% rule!
I'm paying a very close eye to US30 - we're right on the 78.6%, daily 50 ema, right near a trendline retest and we also have some market structure.The is a possibility that price could pop up to the daily time frame 78.6% fib. Probably vs possible 💭
Looking to short EURAUD on the retest of the previously established support at 1.70000. Multiple confluences in play here including the 38.2% fibonacci level a 3rd touch of the descending trendline and when pa reaches there we will also have the 4hr 50 ema and daily ema wrapping around.
EURUSD - You guys already know the drill.. Let's wait for price to break out of the descending Trendline *breaking the previous swing point @1.08900* retest, then enter. Once we are above the 4hr 50 EMA this could be lovely longer term play up to the higher time frame double top which lines up with the -61.8%.
Hi Everyone welcome to our first post by The Social Traders, on this trade we're looking to trade the right shoulder of this 'inverse head and shoulders' pattern forming, within this region price action will be lining up with the 61.8% fibonacci level as well as having the 4hr 50EMA as support. Having had the heavy impulse up this morning we are simply looking to...
EURNZD - I have alerts set for the 1.81000 region. In this area we would have an inverse head and shoulders, a key level, support from previous swing points and the 61.8% fib! We have the 4hr 50 EMA just above the 1.81000 region but I wouldn't be surprised if we push slightly lower before an aggressive reversal. Getting people caught on the wrong side of the...
You can see that we're making higher highs and higher lows on the 4H timeframe. We're simply looking to retest the previous swing high that has now been broken This lines up nicely with the 1.09000 key level, 38.2% Fib, 3rd tap of the trendline and potentially the 4H 50 EMA. Looking to take price upto the daily high at 1.11330.