Short setup in place. 1) 61.8% retracement 2) S/R level 3) 50EMA dynamic resistance Might be too early, but SL in place.
Nothing complicated here. Just waiting to trade the long continuation on the 4H timeframe. Will need a decent 4H bullish candle close to open a trade here. Confluences: 1) Respecting ascending trendline (yellow line) 2) 50EMA 3) Immediate minor support (white box) With the double top in mind (1st top around 30 July), this might still be a risky move. But I'll...
Potential short here. But best to wait for the candle close. Confluences: 1) Descending trendline 2) Ascending trendline 3) Daily pivot 4) 50% fib 5) 50EMA retest on the 4H Any candle close above is a no trade.
Potential short or sell setup. Confluences: 1) Head & shoulders pattern 2) 61.8% fib level 3) Respecting 200 EMA A break below H&S neckline would trigger a sell for me. No sell trade if price closes above the head.
Keeping it simple here. This is the 0.618 retracement from the previous swing high and low. Intraday, a decent bearish candle on the 4H would initiate a sell for me here. Any close above the 0.618% is a no trade. And with the Jackson Hole & ECB event coming up, this is gonna be tricky.
Looking to short here on the 4H timeframe. Confluences: 1) Daily trendline retest 2) 0.382% retracement on the 4H 3) 50EMA test If it clearly respects any of these, we might get long wick pinbar here on the 4H.
45m timeframe intraday setup. Trade the break is the play for now. Confluences leaning more towards a short: 1) Below 50EMA 2) Below daily pivot 3) Below descending trendline Safer to short based on the trend for the past few days.
This is the zone I was waiting for. If 4H price holds above, I will execute a long trade. Confluences: 1) 4H horizontal support 2) 50% fib retracement 3) S2 pivot support 4) Ascending trendline 5) Negative US July retail report If any 4H candle close below the zone, no trade.
Just sticking to the 45m timeframe plan. With a tight stoploss. Confluences: 1) Neckline support 2) 200 EMA dynamic support 3) Double bottom or W shape pattern If it drops, next buy at 1.17540 area (4h timeframe support)
Intraday setup on the 45m timeframe, a couple of factors are in play: 1) 50 & 200 EMA's crossed (indicating a buy) 2) Price broke above neckline & its staying above as of now 3) 200 EMA & neckline providing dynamic and trendline support respectively for now 4) Descending channel squeeze in the process now Waiting for a breakout. Looking at a long breakout.
Keeping it simple & trading the channel continuation. Will execute a long trade if this week's candle closes above last week's green candle.