There is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish...
There is potential Bearish Bat on the 30 min. There is also a 1.618 fib ext correlation in the same zone. I would look to get short around 1.1369 with my stop above the swing high at 1.1435 and a target at 1.1087. The target is a .618 fib retrace from the entry price. This is of course, if price breaks and closes above the .50 fib zone. Also, this .50 fib zone...
Looks we have a potential Bull Trap on the 30min. Over all the trend has turned bearish, making lower lows and lower highs. There is even a Bearish Flag on the Daily chart. I'm looking for price to breakout of the channel past resistance at .6760's and the .382 fib back to .6794. There is a 1.618 inversion that lines up with the .618 retracement. There is also a...
Price has been making lower lows the last few days. There is a nice Rally-Base-Drop zone at .6780-.6790. This coincides with a a potential ABCD completion in the middle of that zone. We also have a fib .886 retracement in the mix as well. This presents us with a low risk high probability trade. I'm looking to go short around .6786, my stops at .6795, and target...
In this idea I show you how I trade swing failure patterns.
This is good for any time frames but lower time frames are preferred.
Very simple idea yet works pretty nicely.
Let me know what you think.
Nevertheless it is my first vision about trading market, i would like to make a glance to this channels. At the moment we predict that market will across onde of the construction lines. I sugest to buy when market ar crossing from top yellow lines and then sell it when is closer to target.
