forexopl

forexopl

All: I am seeing a potential ABCD trade setup on USDCHF on the Daily TF. Currently, price is in the retracement zone of AB in 50/61.8 on the daily. I am looking for a pause/bounce off of these levels to confirm C. Once i see price action align on daily, i will drop down to the 4HR to see MA crossover, and Counter Trendline, break AND retest to enter. Stop losses...

forexopl

CAD-6, JPY+7 Similar to the GBPJPY setup, there is also a V formation on the CADJPY indication of short. We will wait for a pull back into our blue price zone (dotted lines) to enter short. TP 1 will be test of recent lows (green line). There seems to be continued JPY strength.

forexopl

Currency Strength: GBP -1, JPY +7 On the daily we have a bearish V-formation. We will wait for price to enter our zone (between the two dotted blue lines) to go short. Flip down to a 4 hr TF to read candle/price action to determine suitable area to enter. TP will be at the test of recent lows ( Green line).

forexopl

Doing my top down analysis, GBP/NZD has been in an upwards channel, making higher low's and higher highs. Most recently, it made a higher low which suggests that it will make a new higher high. Here i have a AB/CD setup. C has been confirmed. The counter trend line (yellow line) has been broken, retested, now awaiting a continuation (a break and close above 2.030....

forexopl

ABCD Tech analysis

forexopl

Eur +5 cad -6, wait for pullback to buy

forexopl

1 leg on daily, three legs on 4hr, 2nd leg in process on daily, 1 leg completed on 4 hr... awaiting pullback to test recent l

forexopl

Ideal entry at 8433/8411, tp 1 at recent lows. 20% run. 1st leg>2nd leg, expect test of recent low.

forexopl

AUD -6 CHF +7, SEE CHART.

forexopl

seevchart

forexopl

EUR+3, AUD-6, Awaiting pullback to 50/61.8 to look for entry. TP 1 at leg 2 high, remainder to extension (D). drill down to lower TF to execute.

forexopl

AUD -4, JPY +6, V formation, sell between green horziontal lines, TP at pink dotted line.

forexopl

CAD -6, CHF +3, Short between dotted green lines, as V formation has formed in two instances. TP would be end of V formation.

forexopl

Currency Strength: EUR +3, CAD -6 V formation, buy on pullback in between strong support/resistance zone (horizontal Blue lines), first area of TP will be test of V formation high (green line).

forexopl

EURJPY has broken out of a parallel channel (bear flag formation). TP 1 is at 145 and TP 2 is at 144. ( based on fib extensions and S&R and, bear flag extension).

forexopl

Daily Price action (engulfing), Lower time frame trend line break, TP blue box

forexopl

Per prior posts, usd cad broke out to the upside. I am looking to add positions in the blue box.

forexopl

shprt