Please see annotated chart for details.
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...
Possible FX:CHFJPY Price Completed up ABCD on Monthly Now at 1.272 extension of Down AB Swing/ and .50 Retracement of UP AB Swing We may see reversal from 108.48 StochRSI Over Sold for long time Price Falling Since Jan 2015. IS IT TIME FOR A REVERSAL???
BUY FX:AUDCAD Price Broke Down Trend Line Went up from Back Side of Trend Line Price is reversing, above up trend line Price Retraced from 50% Retracement of UP AB SWING
Pushing downward, price has retraced suitably into a location of resistance on the chart, a static level of ~0.7080 and the 8 ema closing as a high test bar/bearish pin bar. Price has rejected both the 38.2% and 50% Fibonacci retracement levels. entry - below low of high test bar stop loss - above high of high test bar target - previous support level near 127.2%...
Nice pin bar from key resistance area which was previous support. Downtrend and 50% retracement of last down swing. Also note that the pin bar formed as a reaction to the daily supply zone 1.09368 - 1.09842. Retracement entry TP 2R B.E: at 90% of TP
With a low test close testing a support area and the ascending trend line , and rejecting the 0.382 Fibonacci level as well as the 50% retracement line , this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.
Short set up/entry reasoned from: - high test bar close - resistance at ~2.1470 - trend line resistance (4th test) - rejection around 50 ema - 50% retracement and close below - oscillator bearish hidden divergence entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower (after break of and close below previous low)
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
0.7225 stands out clearly as a level on the EUR/GBP daily chart where price, it seems, is reacting in a bullish manner today. By day's end, should price close above this level, continuing bullish momentum could ensue. Evidently, this horizontal level, 50 ema and 50% retracement are acting as coalescent support. On the contrary, a close below 0.7225 may have price...
Taking a long position based on: - bullish/reversal bar - support at ~ 3040, a weekly level; - 200 ema rejection - Fibonacci cluser: -- 0.382 Fibonacci level rejection and close above on weekly time frame -- 50% retracement and close above (2nd swing low to recent high) entry - above high of reversal bar stop loss - below low of reversal bar target -...
With the following noted a long scenario appears to be in play: - bullish reversal bar (near resemblance to bullish pin bar/low test bar) - resistance becomes support (at ~2.3260 which stands out as a weekly level dating back to November 2009 ) - retest of 20 ema and close above - trend line support (third touch) - Rejection of 0.618 Fibonacci level and 50%...
Looking at the following to sell EUR/USD: - inside bar - 50 ema rejection - resistance at @1.1100 - Fibonacci cluster: - 0.786 Fibonacci level rejection from previous swing high to swing low and closes below - 50% retracement between first swing high at the top of the trend line and closes below - trend line rejection - Stochastic and RSI convergence entry -...
Seeing today's high test bar close rejecting a past level acting as both support and resistance within close proximity of a Fibonacci cluster (38.2% and 50%) drawn from two previous swing/cycle highs and rejecting the falling trend line for a third time highlights this end of day set up as a potential selling opportunity. Recent lower highs and lower lows...