Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
Target 1: 1.0800 Target 2: 1.0950 Stop Loss: Break and close below 1.0500 or the last low created before the wedge pattern is broken
If the price creates another low on the H4 chart along with bullish divergence we can go for a buy. Target 1: 0.6540 Target 2: 0.6650 Stop Loss: Break and close below the trend line and support area on the daily chart.
We have 2 scenarios to join this pair. Scenario 1 - go with the break of the trend line Target 1: 0.7180 Target 2: 0.7230 Stop Loss: Exit if price closes below 0.7100 Scenario 2 - after the double wave duplication completes look to buy from the 0.7080-70 zone Target 1: 0.7140 Target 2: 0.7180 Stop Loss: Close below 0.7070
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
Aud-Cad Buy Setup Formated With Harmonic Also Formated Inverted Hammer On Channel Down Trendline
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)
Slightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK. Take Profit Target 1 @ 1.5380 Take Profit Target 2 @ 1.5200 Tage Profit Target 3 @ 1.5100 Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp...
Simple is easy and has a better understanding ! Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525. Good Luck !!
GBPJPY found support at the 178.0 level. If you zoom out to weekly chart you would see a huge upward trend channel started back in 2012. It's a good opportunity that the trend holds and we see a upward move. From the fundamental point both National Banks BoE and BoJ are holding their interest rates at a record low. TP1 185 TP2 189.4 SL 177
New Zealand Dollar is in a downtrend since topping at 0.88 in mid 2014. In the last months the downtrend slowed down after breaking major support line. I aspect a continuation in the downtrend to 0.760 (likely) to 0.750 (not sure but possible). At this level a plan to buy this pair. The next major support is at 0.74-0.73 (orange line). Best Entry at 0.76...
euro is under pressure, usdollar index is getting stronger therefore i will long usdcad next week. best entry is under 1.09 or @1.08 area t1 @1.11 sl 1.07
Nobody can deny that EURUSD is almost 4 months downtrend since May 2014 after the double top pattern. Now EURUSD almot reach the lowest support area since May & July 2013. We think this is the possible reversal area @ 1.2800 that buyers will take control the price to push EURUSD for LONG direction. StopLoss : 1.2720 Entry : Potential Entry...
there is a bullish Crab harmonic Pattern. this bullish pattern and up trend in H1 is only Correction wave for down trend.