ollyduffett

ollyduffett

Setting up for a Head & Shoulders reversal pattern Left shoulder, Head, and Right shoulder all in place with Neckline Shown. Target and stops noted Further confirmation from OBV Higher at peak A Than B Obv increases on decline of Head and decreases on Advance of C

ollyduffett

looking for retracement into 0.382 lvl which also corresponds with our trend line TP will be the 1.272 extension Stop is just above last high Limit just above TP Risk reward Ratio 2.87

ollyduffett

Short Opportunity, looking for quick retracement to 0.618 fib (Also strong resistant/Support zone) if closes below A then we can look for target towards 1.272 extension B

ollyduffett

Potential 4th test of trend line, Target zone highlighted

ollyduffett

Chart looking messy which isn't great!! Breakdown:- Can see the downtrend, with the trend line see constant Tests, We saw the breakout to the 0.618 fib, & Stochastic around the 80 Lvl Looking for breakout to Target Zone, Entry 1.05798, Stop 1.05983, Limit 1.05362 Ratio 2.6

ollyduffett

Notice lower highs and lower lows, Come from area of support, We will see the candles go into the 1.5000 support level over the coming days, If closes below, We could see a big breakout to the downside!!

ollyduffett Updated 

currently setting up for a ranging Trade, Remember the importance of Placing a stop loss. I would place around 1.21348 area Target point just below resistance

ollyduffett

Constant testing of Trend Line, Trend line has been broken so waiting for the retest, If retest closes above the trend line then we can look towards TP1

ollyduffett

looking to test 0.382 fib, If so we can look at a movement towards the downside to TP1