Shorting opportunity is close to completion on a 1hr time frame in the form of a Butterfly Pattern. This short could be considered to be with the trend in higher time frames. RSI is showing small traces of divergence, and the sell zone gives an excellent risk reward ratio with stops generously placed up at 0.97452. Please consider your own risk tolerance if taking...
Shorting opportunity on GBPCAD 4hr Chart Target is 61.8 Fib of a nice double top Stop @ 1.70760
Stop @ 77.058 or ATR above X TP # 1 @ 76.609 TP # 2 @ 76.487
FX:EURUSD rallied for 248 days and now we have some wekness signals. There is a head and shoulders in formation. RSI divergence where the FX:EURUSD made new highs but RSI failed to do so. The measured move in case the neck line is broken in the future, has a target in the 50% fibonacci level. And... there is a gap to be closed that is right in the 78%......
EURGBP look to be in a Ranging market before the next breakout happens .. Watch for price to break once it moves outside of this structure
if it closes above this trend line, it may very well hit 20 to 30 pips. Entered at 113.70
okay so what I see at the moment is - tested the blue outside lines of the pitchfork and skyrocketed off - higher high and if the market was going south to me we should have seen it by now the mark down - correlation with eur pound trade: pound is going up euro is down therefore an assumption would be the pound would be in strength and going up to tp2 is my...
Oil price continues to rise as US inventories data fell and OPEC remain firmed to cut oil supply. Oil price is correlated to CAD movement so my sentiment is there could be a sign of reversal if market cannot break above 200ema on D1. Looking to short if H4 retest at 200ema or form a LH and LL to short. FTP to at Fibo R 50.0% If price break above 200ema this...
Powell as the next Fed Chair seem to result is some pullback in the market. However, my sentiment is that dollar will appreciate in the long-term under his lead as there will still be gradual rate hike and reduction in balance sheet. U.S. economy is starting to pick up also. Nevertheless, today there is NFP data release which will show whether the employment in...
based on my analysis and other legit websites, it could be bearish as soon as possible.
Good afternoon so currently we are in a down trending market what I see is the following : - down trend - a bearish triangle / flag - market has been stalling on the line for a while : meaning a breakout will eventually occur My entry signals: - a break and close of the lower low : with retest then enter - a break south of the triangle stop will...
Hidden Bullish Divergence is observed on Daily Chart that indicates underlying Strength . Action: Good Opportunity for ENTRY or RE-Entry. Regular Bullish Divergence is observed on 4-hour Chart that indicates a possibility of a Trend Reversal. Action: Good Opportunity for ENTRY or RE-Entry.
Sell below 1.3269. Stop loss at 1.3357. Take profit at 1.3032. Reason for the trading strategy (technically): Price has risen really nicely towards our profit target. We prepare to sell as GBPUSD approaches major resistance at 1.3269 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push price down to at...
Sell below 112.65. Stop loss at 113.51. Take profit at 110.90. Reason for the trading strategy (technically): Price has broken our key support level triggering a bearish move from here. We look to sell on strength below 112.65 resistance (Fibonacci retracement, pullback resistance) for a drop towards 110.90 support (Fibonacci retracement, horizontal overlap...
Buy above 0.9741. Stop loss at 0.9704. Take profit at 0.9809. Reason for the trading strategy (technically): Price is testing major support at 0.9741 (Fibonacci extension, Fibonacci retracement, bullish divergence) and we expect a nice bounce above this level to push price up to at least 0.9809 resistance (Fibonacci retracement, horizontal swing high resistance,...
Seems like we're finally breaking that key support level! RSI (55) is starting to see the break of our horizontal support too. Hopefully we can see a strong drop from here :)
Looking for a Buy Signal on AUDUSD in an Uptrend. There is support here around .78300 to .78232 Wait for signal for confirmation Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE...
NOTE this is a Monthly Chart Daily USD rally temporary. USD set to return to old tops before finding Support Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice...