Triangle may be complete on this pair. I want to sell below pinbar support to confirm downside. Invalidation level is above top of pin. Target at .886.
Starting to see some significant resistance off of the recent hourly trendline. I want a short if lows are broken and the trade is invalid above highs as shown.
Cable has closed the weekend gap and retraced back to .786 of the intraday range. I want a sell stop below support toward 1.13 target. Invalid if highs are breached.
Sell stop set below structural support with TP1 @ 1:1. Trade is cancelled if invalidation level is breached. TP at ~.886 retrace.
I'm looking to catch an impulse down to the break even level. I plan on holding as long as price action confirms downside and targetting missed pivots below. Rally above Friday's high will invalidate the setup and I will cancel the sell stop order.
At the request of one of our TV traders, here is my outlook on copper. I like it long, but I want to see some retrace or a basing pattern before continuation. Afterwards, a bullish impulse will be the key factor in taking a long position with a SL below the root of the continuation.
Hey traders! There has been a wedge breakout to the downside. Keep an eye out for continuation. Should it occur, further downside to the two targets is likely before the uptrend continues. Cheers
Hey all, check this one out in about 15 minutes. Waiting on the news to drop in order to enter short. Targets at rising wedge target level and missed pivot cluster.
This type of sideways choppiness is great for trading harmonic patterns. I like to trade these patterns before Labor Day. Large risk to reward if it is successful. Support from two trendlines as well as dual pattern confluence. Looking for smaller TF elliott impulse to set it off. Cheers
CHFJPY has potentially completed a triangle at an indecision point, meaning we have a backdrop against which to place a SL and shoot for a large R/R. Trade is active.
I believe it is time to fade this pair. SL above highs.
The trading of UJ continues as we look to ride that continuation wave back toward the top of the channel. This is only valid if the lows are not taken out and new local highs are made. I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain...
I want to sell this below support recent support. This is a strong resistance zone with multiple re-tests. If the pair makes new highs, the trade is canceled.
It is time to add to the position as a series of smaller time frame impulses has occurred. Buy stop placed above most recent bullish impulse with SL below lows. This SL will close out the entire position if hit. If not, it will be held as a double size.
Hey traders, I put most of the details on the chart. After seeing a wave 1 impulse, its nice to get in above highs with SL below root of wave 1. Alternatively, I enter above wave four if I don't quite catch the root of the first wave in the PRZ. This is a riskier approach because you are banking on the pair not retracing and shooting straight for target (which...
Looking for lower TF short opportunities until these pivot levels are taken out. I want to be bullish at the bottom of the channel toward potential cypher levels. It all depends on price action at those levels.
Only bearish after breakout. Sell the continuation should one occur. It is what I am expecting next week. New highs will target the .5 fib level (solid line on chart).
Prepare for a short term rally unless a breakout confirms bearishness. There is a highly confluent level indicated by the SELL ZONE on chart. I want to sell continuation.