fx_007

fx_007

1. Price currently at an area of interest. Daily horizontal and weekly uptrendline confluence 2. Reversal divergence showing on Stochastics and MACD D1 H4 3. Entry with strong price action. 4. Watch for strong reversal price action to enter

fx_007

1. Price currently at an area of interest. Daily horizontal and weekly uptrendline confluence 2. Reversal divergence showing on Stochastics and MACD D1 H4 3. Entry with strong price action. 4. Potential double bottom before going long. Look at H4 to see what price action is telling us.

fx_007

Looking to go long on the GBPAUD with a divergence trade. Similar setups happening with GBPNZD & GBPCAD 1. Price testing the weekly support level and price action literally stopped at this support for the last 7 days. 2. On the daily time frame we can see hidden continuation divergence forming. Histogram bars are also showing signs of weakness from bears. 3. H4...

fx_007

Looking at the Euro there are a signs of it reversing on the top of range. 1. Price retesting resistance level . SEP'17 & Jul'12 2. 3 Time frames show the potential setup of reversal divergence. Weekly, daily and h4. 3. Can enter aggressively with strong price action or can approach this trade conservatively with macd divergence confirmation and entry on next...

fx_007

Looking at price action, it appears that the Euro may be coming into a range reversal. 1. Price is retesting the resistance level back in SEP '17 as well as JUL '12 2. Potential reversal divergence forming on 3 time frames - Weekly daily h4 3. Can aggressively enter trade on strong price action or for a conservative approach, wait for confirmation of...

fx_007

Aussie made very bullish move last month and has broken out of resistance. Waiting for opportunity to go long. 1. H4 divergence forming may indicate bearish pullback due soon 2. Enter on strong support level around 77c 3. Enter with reversal price action at support to go long.

fx_007

CONTINUATION TRADE 1. BACK TO RETEST ON HORIZONTAL SUPPORT 2. TRENDLINE CONFLUENCE 3. POTENTIAL ENGULFING

fx_007

2 Plans available for Aussie. Plan 1 - LONG 1. Price currently at key trendline as well as key horizontal level. 2. Currently price action is not overly strong but MACD is showing signs for reversal divergence 3. Entering now will technically be counter trend trading as trend is still down so wait for the breakout of immediate down trendline and wait for...

fx_007

RANGE TRADE 1. Price action at strong resistance level. Been tested many times 2. Previous bar showing bearish ping bar and closed below resistance. Buyers got rejected. 3. MACD reversal divergence showing in the range. Price no longer making HH and HL. 4. SL above high of pinbar and target 1 for 50% of range. Target 2 to $148~

fx_007

Too early to tell but if price rallies back to $86...This is what I plan to do. 1. Horizontal resistance which has been tested several times 2. Confirm down trendline which reversed price action several times 3. Close to a 50% fib in confluence 4. Entry on strong price action H4 price action showing reversal divergence so price may be looking to move up and...

fx_007

Looking for opportunity to go long on this pair. 1. Price action off strong weekly horizontal support 2. Weekly uptrendline support 3. Price has broken out of descending triangle with a bullish engulfing PA. 4. Daily Divergence has formed on MACD Wait for pullback to go long. Don't chase the price now.

fx_007

Main phase reversal trade. 1. Price has been ranging and testing the strong horizontal support level at around 0.9700. Triple bottom. 2. MACD divergence has formed on the daily timeframe as well as H4 so there are signs for potential reversal. 3. Current price is also at a long term uptrendline which started SEP '15. This intersects with horizontal level. 4....

fx_007

Possible setup? 1. IF price breaks immediate trendline then this should confirm the phase 2 retracement. 2. Possible levels of reversal may happen at the double fib level from the last two swing points which so happens to be 50% and 61.8% 3. IF this happens then wait for price action to show you when to get in. 4. Possible target level 1.618.

fx_007

Looking for strong price action to go long 1. Price back to horizontal zone support 2. Fib level 618 3. Trendline confluence 4. Enter on strong price action.

fx_007

Bullish view on GBPCAD - Potential false breakout trade 1. Price currently testing weekly horizontal zone. 2. Price also at fib 618 level 3. Trendline support confluence 4. Price action potential engulfing setup

fx_007

Possible scenario to play out 1. Price at key support level 2. Price between 618 786 fib level 3. Uptrendline support confluence 4. Potential engulfing setup. If price breaks key support level then wait for retest of resistance to short.

fx_007

1. Inverse head and shoulders complete. 2. Price still hovering close to neckline 3. Potential entry back to neckline with confluence at uptrendline. 4. Enter in with strong price action only

fx_007

Potential scenario to play out for EURJPY 1. Price action making double tops on daily and has broken the uptrendline 2. Price currently at short term support and testing it. If price breaks through this support level wait for the retest of resistance to short 3. Watch price action for entry.