forexopl

forexopl

looking for a breakout of triangle to get in long.

forexopl

Either way, there is a trade setup. Cypher or Bat.

forexopl

Here's a quick play, two harmonic patterns completed within 20 pips of each other. Also, have a double top formation. Looking for 70 pips, which os the 38.2 retracement of the two patterns, typically i close half of the trade 38.2 and let the rest run to 61.8, but the JPY has been strongly bullish. I will be closing the full trade at 38.2, due to this. I think...

forexopl

Chart explains it all. 800-900 pips. Long term play.

forexopl

USDCAD has bounced nicely off of the fib zone and bottom of the channel. It has not yet broken the upper trend line channel. I am seeing some resistance right as it breaks the trend channel, plotting ahead. I think it will break the upper trend line, hit the blue box, reverse, test the channel and continue up.

forexopl

Per my previous post, the A/U has broken out to the short side. It has gone down quite a way, and I think it is time for a small breather. I think A/U will reverse and go up to test the broken trendline and come right back down. Not going to trade the retracement, as I am already short and I can not hedge. Just plotting market moves, as planning ahead is vital.

forexopl

All, Similar to the AUD/USD setup I posted, we have yet another AUD setup. Here is why I am going short: Entry: 1) Lower highs 2) Break and re-test of uptrend channel (Purple channel) 3) Daily chart Price action candlestick pattern is a hanging man Exit (blue box), Major Confluences: 1) 1.27 fib extensions within the blue box of different swings 2) 50% fib...

forexopl

A nice bearish gartley harmonic pattern has been created on E/U. Looking at the daily chart price action has reached a daily resistance level, and dropping down to the 4 hr, it can be seen even clearer. Risk reward on this trade is a little over 1:1, if TP is taken at first dashed line (38.2 fib). Looking to enter when market opens, but will check for gaps and...

forexopl

Major confluences in both exit and entry. Current price is in fib zone, top of channel, brushing up against previous broken trendline, at resistance, bear flag and forming a wedge. Exit at .8410 - .8400, which is the extension of the flag pole, 1.27 fib extension of prior swing, and round number. High probability play, which will take probably can take anywhere...

forexopl

USDCAD is at the bottom of its channel, and also in a 50-61.8 Fib zone from its recent swing low to high. Also, it is at key support level. I am targeting 1.1594 as that is the 1.27 fib extension, and also the length of the pole, as it is forming a bull flag. Major confluences in both entry and exits. Have a good weekend.