I am still learning the markets but a quick mark up of AUDUSD has me lead to believe that the pair will drop slightly and consolidate, before dropping to the macro trend line and bounce off to continue rise.
As you can see based on daily cycles, an EU retrace is incoming. We have a double cycle ending at the 161.8 FIBO EXTENSION level, paired with a triple cycle. Both cycles ending in a divergence. To drop shorter TF to 4HR, we have a bearish triangle forming, indicating the pressure of a drop inbound. I Predict that a EURUSD short is incoming, and may be a very...
Buy above 1.0766. Stop loss at 1.0695. Take profit at 1.0896. Reason for the trading strategy (technically): After making its bullish exit of our long term descending resistance-turned-support line, price has started to bounce really nicely above our buying area. We remain bullish above 1.0766 major support (Fibonacci retracement, horizontal overlap support,...
Buy above 1.0766. Stop loss at 1.0695. Take profit at 1.0896. Reason for the trading strategy (technically): Price has started to bounce really nicely above our buying area. We remain bullish above 1.0766 major support (Fibonacci retracement, horizontal overlap support, bullish exit) for a push up to 1.0896 resistance (Fibonacci retracement, horizontal overlap...
Hi Traders! :) Going into the week, I am confident that this Bat Pattern will hit entry. If it is a loss, it doesn't matter, as the Risk to Reward is 1:135. It meets all of trading criteria and is a fairly clean pattern. Let's just watch and see how we go, we cannot control the markets. Remember, to trade your plan! Have a great Trading week :)
Inverse head and shoulders forming on the 1H. This may consolidate for a bit but may push up if it breaks the neckline.
Sell below 86.52. Stop loss at 86.75. Take profit at 85.63. Reason for the trading strategy (technically): We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
Price is respecting the trend line of the daily timeframe creating 2 prevoius shadows at t it so that pus the trend line it is making another confirmation lets wait h how today candles closes if it does below the 50% fib daily and below the trend i would start shorting it with a 1:2 risk reward
Market price has reach the support level which is my entry level for buying the stock market @ 1.0112 and will exit the market level @1.10808 which is my pullback line level. Calling for all trader for buying the stock entry @1.10112 option1 @1.09948 option2 @1.09223 option3 Please exit market level @1.10808
shorting UJ @ THIS LEVEL SINCE THIS MARKET HAS BEEN IN A BEARISH PATTERN CURRENTLY TRADING SIDEWAYS IF IT DOES REACH MY LEVEL WILL BE GOING FOR POTENTIAL SHORTS
Hi there Traders! Me might see a possible Bullish bat pattern completion on the EURJPY H1 timeframe. For those of you trading on lower time frames you can also jump down to the M30. Good Trading ;)
Lower highs on the 1 Week Chart, shorting 2 half positions at 0.618 and 0.786!
Interesting chart , however it's early to say which direction is winner. I'm on my hands for now , anticipating something interesting to happen before decide whether to trade or not.
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
Highly anticipated higher prices soon. I'm Neutral for now , waiting for more price action to confirm my bias to the upside.
USDJPY, as shown below, managed to break below red bullish channel. This may suggest that price is starting to correct down towards 109.40-109.20 after which it will move up once again before finishing its corrective move downward.
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...