Sell down to yellow buy zone. See graph for Entry, SL and TP levels
GBP broken trendline. Price action pullback could not rally back up to uptrend line. Seeking downtrend to major bounce point at the blue line/fib See graph for Entry, SL and TP
Quick analysis here. Shorting as due to my observation below. Please trade your plan. 1. Support and Resistance - Price action seems to be moving sideways and has attempted 3 times to break the resistance point and has failed. It is going back to retest support. (yellow structure points) 2. Head and Shoulders - Although it looks like a sideways move, we can...
Hey Guys Its been over year I have posted anything but I have been watching the markets in my spare time. my long-term charts for BTC, LTC and XRP have done well over the last year so please check them out! In the mean time I'd like to throw my tuppence into BTC short-term trajectory - Broken trend line, lower highs/lower lows, bullish flag still unfolding,...
Order 1. Looking for price action to hit the 23.6% Fib. Low risk buy order placed Trade 2. Also keeping an eye for whenever it breaks out of the blue downtrend line. I'll wait for a pull back and jump aboard a buy See graph for Entry, SL and TP levels
Waves 1-5 and A-C are now complete. This formed a bullish bat haromonic pattern. Waiting for profit from the D leg to hit the 61.8%. See graph for Entry, SL, TP
Broken trendline after the rally of the last quarter. price action failed to rally beyond the last swing high back to the left of the uptrend line.
Looking to sell the retracement when price action hits major fib.
Price action is currently within a bullish pennant. I am anticipating a break out above the triangle which should hit the D leg of the pink bearish Bat Enter at $110.80 and short to the D leg of the Bullish shark.
Price action is currently within a bullish pennant. I am anticipating a break out above the triangle which should hit the D leg of this bearish Bat around 110.80 mark. I will short from there
NZDUSD has had a major bear run. Looking to see if this trendline break is the beginning of the highly anticipated upward move Aiming for the 61.8% Fib level with some retracements along the way for re-entry of positions
This is a bit of a GUTSY longterm analysis on my part but its all in good fun and profit if it plays this way. 1. I have an upward trendline showing EURJPY is in an uptrend with 2 Higher Highs 2. I see wave 4 seeking completion at the 61.8% Fib which confluences with the upward trendline. Hopefully this will create our 2nd Higher Low! 3. I see a beautifully...
1. Price action under the 20EMA and has currently broken the 100EMA. 2. The next level of support is on the 200EMA which acts as strong support. -------This level is also the 100% retracement of the Elliot wave from 4-5 -------This is also the completion of the A leg It should bounce off this B leg up to the Resistance level and down to wave C. Note: There...
Please do not follow this. This is only a longterm forecast for my education and hindsight analysis should it or not happen
Price action is currently at resistance of the structure $16.65. I am selling now aiming for the strong support level at the blue line If price breaks above resistance, it will aim for the next resistance level of $16.83. Where I will open another sell Stop loss above $17.00
Future Trade setup, expecting price to move down further, bounce back into structure and I can sell after the bounce aiming for the 38.6% Fib level
Why I am selling Price is in the process of creating a potential head and shoulders pattern. The upward trendline on the right shoulder has been broken and Price was unable to beat the last swing high on the retracement. Elliot waves are complete. Usually, wave 5 is indicated by a broken trendline - which is what we see I am trading down to the neckline, which...
Price has 1. Broken the blue upward trendline 2. Completed a H&S formation and broken below the H&S neckline once before. It retraced after that but couldn't rally back to the top of the right shoulder at least. Hence we will short to the next major support. TP1 at Fibo level 50% at $1.9192 = 100 pips TP2 at $1.8964