-IM STILL BULLISH ON THIS PAIR AT THE MOMENT -FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG -A B C D STRUCTURE HERE -THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT -FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.
Please see annotated chart. entry - above high of low test bar stop loss - below low of low test bar target - at previous swing high or higher
Trade Set up 1: Buy EUR after it breaks 1.0992 level and Targeting 1.1256 SL will be the origin of the bullish candle that breaks the 1.0992. Trade Set up 2: Wait EUR comes into the AB=CD and the 0.618 Level which complete at the same Level: 1.1256 SL recommend to be above 1.1400 ( the 1.618 ext) This Trade reminds me of the last year's GBPUSD trade an AB=CD...
eur/usd try short near 1.0940/50 wait for 1.0720 long
Upon producing a new low price has shown bearish continuation than a bullish turnout that was outlined in my previous post. A pull back into the 20 ema, falling trend line and 0.618 Fibonacci level, and closing as a high test shows further downside to follow in price action. Bullish divergence, a visible caveat, however, is suggestive of possible further bullish...
Hello Traders The past two price spikes we have had this year where followed by a large selloff after which price retraced back upwards to the magical 0.618 level. A repitition of this pattern should see the price move back upwards to the 0.618 fib at $420
Another short set up on AUDUSD since downward momentum on the previous set up (idea linked) failed is on offer. The present set up comes after a deeper pull back, organic in a sense, into the 50 ema which also lines up with a previous level of support (~0.7250), now acting as resistance, and the 0.618 FIbonacci level. Price closed as a high test bar. Oscillator...
On the S&P 500 and NASDAQ100 indices, closing as a high test bar in the resistance zone, and a bearish engulfing bar on the FTSE100 (UK100) stock index, a sell setup is in order suggesting potential bearish continuation on these three (CFD) indices, following the recent sell off on major indices. 1. S&P 500 The rejection/resistance zone on the S&P 500 comprises...
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%...
USDJPY D1 BEARISH 0.618.. 4:00 - 30 minutes before closing the second day of the week we are looking for a pair that is closing just 8 pips below the opening after three consecutive bullish days for the USDJPY, besides this we can see that the trend for this pair has been bearish since june, which give us reasons to think about further downside activity for...
look for bullish price action between 1.95000 and 1.94656 which is also in confluence with the 0.5 and 0.618 fib level. first target at 1.97000/swing high
Technical observations supporting a long trade: bullish low test/reversal pin bar; retest of previous support at 95; and 0.618 Fibonacci retracement and possible close above 50% retracement.
Confluence of factors supporting long trade: - recent uptrend (HHs and HLs); - bullish low test close; - 20 mean bounce/rejection; - support at ~0.7800; - 0.618 Fibonacci level rejection and close above; and - RSI and Stochastic convergence. entry - above today's high stop loss - below today's low target - most recent swing high and above
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....