Price is coming to a 4 hour support zone. I'm looking for price to reject the 1.0815/1.0820 level. Look for a reversal candle or a double bottom. I would take profits at 1.0915 level for a day trade and at 1.1000 for a swing trade. Also if price retraces back up to 1.0915 before reaching 1.0830's I'm looking to short and take it down to the long entry levels.
FX:EURJPY Double bottom followed by a 61.8% retracement... Only need to know where it will find resistance and start to pull back; H1 and H4 resistance right above, let's see. Safe trades;
After a prolonged decline from 1.08 it looks that AUDUSD is trying to find a medium-term bottom. Does it also a correlate with XAUUSD which is also trying to stablizes after 3 years decline?! A break out of descending triangle would confirm the existance of a medium-term bottom. This is not a trading signal, and we need to look also at the weekly time-frame to...
Last week i mentioned that I took a "Bad Trade" In this video I walk through my analysis of the pair and the reasons that the trade was not executed properly in hopes that you guys can learn from my mistake. www.youtube.com Akil Stokes Chief Currency Trader www.tradeEmpowered.com
Hello Traders, Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is...
Fitbit is holding its own against Apple. This is the more affordable device and controls the market share for this space...FIT was upgraded and thus has a nice gap today, should run higher from here with overhead supply at the old resistance levels look for those to be targets to take profit and lock in gains....move stop to trail...stop starting in gap, give...
NZDUSD IS BULLISH IN MY BIAS IF PRICE HOLDS ABOVE THE TRENDLINE. PRICE HAS PUT A DOUBLE BOTTOM OFF MONTHLY SUPPORT @0.65. DOUBLE BOTTOM TP AFTER DAILY BULLISH ENGULFING 0.673 IF MA'S CORSS TO THE UPSIDE AND PRICE BREAKS THROUGH WEEKLY RESISTANCE @0.68 THEN WE SHOULD SEE TP 2 @ 0.70 HIT
Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom...
Plain and simple 2618 setup. Stops below 123. Target 1 at 123.750, take half off and lock in Breakeven. Target 2 at 123.970.
A perfect double bottom with RSI divergence has just formed on this pair. There are a couple of lower structure that you have to consider for your stop loss. Be patient and good trading !
9 SIGNAL FOR BUY EURUSD IN THE SHORT & LONG TIME: 1-CROSS TENKAN SEN & KIJUN SEN IN THE THE M30 FOR SHORT TIME 2-SIGNAL OF TENKAN SEN IN THE TIME H1 FOR UP AND -3- REVERS 4-CANDLE STICK REVERS IN THE TIME H4 AND -5- SIGNAL REVERS OF NUMBER MAGIC ICHIMOKU IN THE TIME H4 6-SIGNAL UP REVERS OF ICHIMOKU IN THE TIME DAILY 7-PATTERN DOUBLE BOTTOM IN THE TIME DAILY...
Bullish Bat Pattern here on XAUUSD that's looking to be putting in a double bottom at the completion point. (You may hav eone already on the LTF). I say looking because on this 4hr timeframe the current candle won't close for another 2 hours or so and as we all know the close is very important to the story that the market is telling us. If you take a look at...
Long term I am neutral on this pair, however the recent EUR pull back brings about great opportunity to buy on the dip as it seems to be respecting the technical levels. The trade setup is explained on the chart, looking for a short term trade on this - however I feel there is further upside potentially. Many thanks
You are looking at a WEEKLY chart of SBUX. Starbucks recently split the stock 2 for 1. The stock ran up into that split and is now digesting all that action. It has been lower for the last 3 weeks. But I expect SBUX will soon resume its trek higher. In late 2008 and early 2009, SBUX put it a Double Bottom. In early 2009, SBUX began going higher. It has...
DOUBLE BOTTOM IN THE CHART DAILY AND TRIPLE BOTTOM IN THE CHART 4H . 2 SIGNAL FOR BUY . GOOD LUCK.
It is reasonable to say that this up move for the Euro, for the moment is just a correction for the big down trend (on a daily chart). My scenarios would be the following: 1. The price will stop before 1.1300 and draw a Double Top (look at the 60 min chart). This scenario would also be sustained by the Daily chart with the Bat pattern emerging from the latest...
This stock is a bio tech and could move higher if this double bottom shake out is complete...watch for it to move higher and buy in the zone stop is low risk and target one is noted