Enter the trade if price break the short term resistance. This setup should be traded in two units because of the small R/R ratio it gives us the 1.27 extention. So if we have plan it good, when price reaches the 1.27 level we close the first trade and place stoploss of the second at breakeven. Target of the second one is 1.618 extention level.
Overall trend is an uptrend.. Price is testing a short term resistance level. In case we see a breakout we enter the market long. Entry: At the close of the canddle which breaks the trendline StopLoss: 1.49642 Profit Target: 1.54375
Price seems to have found reristance at 90.850 level.. If it breaks that short term support trendline, it will give us a nice short setup. Entry: At the close of the canddle of the breakout StopLoss: 90.960 Profit Target: 88.700
If price break that short term support level (corrective wave) it will give us a nice short setup.
Price broke a corrective wave (triangle) giving us a nice short trade. Entry: 92.527 StopLoss: 91.447 Profit Target: 87.767
Bullish Gartley Pattern Entry: 14.848 StopLoss: 13.390 Profit Target: 18.475
Keep an eye for a medium term support breakout. Bearish Divergence in Macd. If price breaks the trendiline: Entry: 193.745 StopLoss: 194.775 Profit Target: 190.655
EURJPY: Bullish Bat Pattern Entry: 133.790 StopLoss: 132.620 Profit Target: 137.595
Bearish Butterfly Pattern Entry: 1.5700 Stop Loss: 1.58220 Profit Target: 1.53220
Price is heading up and probably it's going to break a short term resistance trendline of a corrective wave. Keep an eye on a breakout which will give us a nice buy trade..
Let's wait to see if price will be able to break a key resistance level of both short and medium term trendlines. If a breakout happens we can trade long with a possible target the 0.7215 - 0.72337 zone
We will keep an eye to price action next week to see in which side a breakout will occur.. We will come back with the setup..
EURAUD: Price broke a short term resistance trendline which probably ends a correction wave. Potential target 1.52780..
AUDJPY: Price broke a short medium support level of a corrective uptrend. What we expect is price to retrace targeting for 1.27 of the impulse leg. If price reaches 1.270 will meet a long term support trendline . Long term support level:
Price has formed a bearish Gartley pattern.. Trade this pattern in two units. If price reaches the first target, move stoploss at breakeven at the second one.
Price is making a correction.. If we see a breakout that will give us a nice sell trade with potential target 1.09634 level. We might see price moving a little higher (0.5 fib level) and then try to break that short term support trendline once again. We will come back with the set up changing the stop loss level. But the whole concept remains the same.
Price broke a support key level pulled back and formed a price action sell signal (pinbar) at the level which now acts as a resistance.
Yesterday price broke a short term horizontal support level plus the 200 SMA.. Wait for price to pullback and then look for sell signals or bearish harmonic patterns.