What has been observed: *Previous Structure *ABCD confluence *RSI is in a downward trend *Under 50 and 200 EMA What am i waiting for: *Price to come down to the 110.9 level *RSI to become oversold hitting 20 *A bullish entry at 110.9 Guess: *If we get an entry , we make targets and stops 1:1 *Target will be to 0.382 *47 pips move within May 6th - May 13th...
Short term im looking for shorting. Then a continue to the up side long term.
After a big slide, there seems to be a pattern here. We looking at a long based off structure and RSI and 200 / 50 EMA what you think?
IDEA: Although CADCHF is trending down, we are looking for quick "pop" up before continuing down. RULES: 1) Daily Support - check 2) 3 point fractal with bullish engulfing candle - check 3) RSI - was below 20 at prev low - check 4) Risk to Reward - 1.11 greater than 1 - check After ticking the above points, this trade meets my rules.
Can we get a small pullback here ?? - coming to a level of structure - RSI oversold
- Looking to short this for 41 pips on the pull back. - simple trade at the 786 and pattern formation
- Just a simple observation, price is bouncing around the level. - Looking at it , it has gone up for a 2 month period then down for a 2 month period. - Looking to go LONG , on the DAILY . So possible 6% growth by 2019 . What do you guys think? Just by looking at the chart on the daily ?
> Waiting for the break of the Flag > Flag pole meets at completion of BAT > Taking T1 at the completion of the BAT > Then taking the short when T1 met
- 126pips T1 - looking for a pullback and pattern lining up on the 0.786 before going back south
- Consolidating market : but within a Bullish market - Coming down into an area of interest of support - looking for T1 at 35's - Stops below 31's - Note: Its interesting to see these moves are made between 1-2 months apart.
- 126pips for T1 - lining up on the 0.786 - Price moving down, however we are looking for a small pull back up
- Lining up 29 pips on 0.786 - Looking for a small pull back after a Long candle move up.
-Thinking of a little short opportunity first at the 140.740 mark then a pop back up to 141.296 mark where there is some fib influence and resistance. - T1 @ 140.244 which is back to support any thoughts / comments welcome.
Looking to short, any comments welcome on this idea
Looks like a Bull Bat on the 5min if it can get down there.