I am currently short EURUSD. Great risk reward! Think we may see one more test of the 1.0907 area, maybe also 1.0920 so get short there is you have not already! Hit the like button if you agree! Best Trading, Johan => Click Here To Get Your FREE eBook On My Go To Setup That Makes Me Money Every Day! => Limited Time Offer: SAVE 30% On 4 TRADING BOOKS +...
Our strategy signals that the 1.461-1.465 long zone is going to hold! But you never know, so we have our stop-loss order in place. We want to close our trade and go short in the 1.49 short zone if the opportunity are given wich is a MAJOR short zone! Hit the like button if you agree! => Click Here To Get Your FREE Book On One Of The Most Profitable TRADING...
The trend is down so we are not trading this long zone currently being tested. Instead, we look to go long in the 0.702-0.703 long zone or short in the 0.712 zone. What is your thoughts on this? => Click Here To Get Your FREE Book On One Of The Most ProfitableTRADING STRATEGIES AVAILABLE! => Limited Time Offer: SAVE 30% On 4 TRADING BOOKS + BONUS On...
My analysis - bullish gartley pattern + symmetrical triangle .
After the Major spike in EURUSD last week, it's starting to pullback in a Bull Flag fashion. This usually means a breakout in the direction of current Momentum, in this case Bullish. Price is also working on completing an ABCD Pattern on the 30 min Chart. Zooming in on a Lower Time Frame (LTF) I can see that it's in a small Balance Area. I will look to be trading...
EURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is...
On FX_IDC:EURJPY , we have seen the sharp price drop on Thursday and it continued on Friday. It seems, the Bears (Sellers) are in control of the price last few days, so question is: when Bulls (Buyers) get their control? The price hit 1st October low, which is also the support level (133.375). The price bounced on that level twice and it is more likely it will...
On FX_IDC:EURUSD , I have decided to highlight key zones on 1H chart bars. The price moves between 2 key levels - 1.1388 and 1.1335. In addition, the triangle is formed between those two levels. It the price breaks the triangle and support level at 1.1335, it could be a good indication to go short. However, there was a fake breakout before (see long shadow), so...
On FX:EURGBP , the price is in consolidation zone for last few days and there is no clear direction of a trend on 1H bars. There is a key zone area at 0.7341, because the price has reacted on that zone already few times; it getting close to that zone and it is more likely that that level would act as support at this case. In addition, Bat pattern appears which...
Potential Bat pattern with a nice structure at 120.681 T1 - 38.2 T2 - 61.8 Risk/Reward - 1/2.6, I like it.
Organized structure, Resistance at 0.97696 Potential Bat Pattern; Entry at 0.9762 T1: 38.2% T2: 61.8%
Nice opportunity Traders. Price is in consolidation zone, where Resistance is found at 133.651; Potential bat pattern, entry point at 133.49. T1 - 38.2% T2 - 61.8%
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
With ATR on Friday being close to a low, and with fridays candle being an inside candle, I am going to place a bracket trade 3 ticks on either side of the high and low of Fridays candle. At the same time I am anticipating the ATR to expand.
Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.
The blue line on the chart are where the Stochastics crossed after being in oversold territory. However it is noteworthy that while the stochastics plunged, price held up, only falling 5-6 points. This could be a bull flag, or the stochastics could imbed in theoversold area while price continues to fall. I would wait to see if price closes above the 13 MA (shown).