Have a bullish harmonic pattern on the monthly/weekly chart with price being at the monthly/weekly support level. We have 4 trend line bounces in the reversal pattern (Falling wedge) with a breakout retest complete. We can possibly see further bullish momentum up to 9.50 then possibly 14.00 where the 200EMA is acting as magnetic resistance.
-Possible bullish Harmonic pattern forming -Bearish MA cross over - Channel Completion on 4 hour time frame - Possible ABCD downside formation. Once each target has been met management must take place. If 88.600 is breached then the trade is no longer valid, upside targets highlighted in Red.
1. Daily chart: The chart is in continuous down trend. Just completed flag-similar pattern and now the consolidation is done. At this point, the price is pulling back to the previous low that was broken. (Highlighted area) 2. 4H chart: 55 EMA coming down at 240m chart and hitting the yearly pivot. 3. 1H chart: Gartley similar geometric is now complete....
IF YOU GUYS HAVE BEEN FOLLOWING MY POSTS, YOU WILL HAVE NOTICED THAT PRICE IS REACHING A MAJOR SUPPORT LEVEL ON THE DAILY. THE PSYCHOLOGICAL LEVEL OF 1.0800 HELD A STRONG SUPPORT 3 TIMES IN THE PAST (ONCE IN JUNE, ONCE IN JULY, ONCE IN AUGUST) ON THIS CHART. i HAVE INCLUDED MINOR AREAS WHERE I WOULD BE LOOKING FOR LONG/SHORT ENTRY'S, BUT I WILL ULTIMATELY BE...
This trade would be a perfect options trade (not binary) price can reach 2400 level. Looks like the 5th impulse wave is in play with price breaching and retesting the downward trend line at 61.8%. If price does reach 2400 we can then expect a corrective wave structure to downside of 1500. However, this would be re analysed. If price breaks below 1800 we can see...
Short targets to the downside on the break below the rising wedge. Targets around 135.800, 135.550 then 135.250. Once each target has been met management must take place. If price breaches above the yellow bearish trendily then this trade is no longer valid. Stops should be placed above 136.500. ***TRADE AT OWN RISK***
As you could see as we have dropped down to the 4 Hour time frame it has become more clear. If price breaks and closes above the red management level then we can see price retesting the resistance on the daily range and the downward trend line. The 200 EMA is also acting as magnetic resistance around this level. We then can look for a short setup from this level;...
As you could see on the monthly chart we have two key scenarios. It would become more clear once we drop down to the weekly time frame. However, as you could see price has breached above the downward channel demonstrating bullish momentum. This strength of the bullish momentum can be argued through the Divergence seen on the RSI and the chart. This therefore,...
For the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry. However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the...
Overall we are long on this pair through conducting our top down analysis. On the monthly, weekly, daily time frame we have bullish signals. However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for bearish signals for the corrective wave. However if price breaches...
EURUSD Non farm pay rolls analysis. If the NFP is negative for the USD we would see bullish momentum to our upside target of 1.12500 (possibly higher). If NFP is positive for USD then we can see movement down to our targets of 1.1000-1.09500. We have our safety and management levels in place which would help us determine where to enter the market. Trading the...
Have been saying for months that our target for GBPUS target is 1.6000. Price reached close to this level Mid June and late August. However, we are all about risk management and safety within the markets. As you could see on the chart price has been rejected to the downside "DPR" 4 times. These 4 levels sit on the 61.8% retracement on the weekly time frame....
EURUSD looking bearish on the opening of the market. All about patience. We will wait for the Long setup for the swing trade and day trade for the short setups. As outlined on the chart we have safety levels set up to help us determine in which way the market will move. If Price breaks and closes below 1.11200 then we can see down side movement to the "D"...
Been stating for weeks our psychological targets are on the upside of 1.2000. However, that would not be achieved for a long time. Our weekly target is 1.1400 then 1.1700.
Looking short to possible levels of 91.00-86.00. Target for this week is 94.750. However, there would be management levels set for risk management.
As explained in the linked idea, we are short on this pair. See descriptions on chart.
our psychological target is on the upside of 1.6000 as outlined a few weeks ago. We have a reversal pattern (Rising wedge) with divergence which represents some uncertainty in the market. Once price has reached 1.6000 re analysis must be performed to distinguish if this is actually a three drive pattern. On the opening of the market price can pearce below the trend line.
On the Weekly time frame we have a 61.8% retracement with lower high formation and oversold on the stochastic. As you could see on the chart price has breached and closed below the asymmetric triangle. On the opening of the market we can expect price to reach 138.800-139.000 or a straight continuation to the downside. our downside targets for this week are...