Hello everyone! Following recent fall in global stock markets, if the downtrend continues, OANDA:EU50EUR will likely form the bullish blue wave. As a possible confirmation for current continuous downtrend, minor yellow wave is being formed. However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting...
We can expect bounce up from fib 0.5 level up to 0.382 where also bollinger middle band will be touch. This gives us a great place to put in short position with target around support line at 1.2260 Have a nice weekend.
we reached a critical level in my eyes, a nive 4h and daily support area, i hope we will see the sterling on the rise from here, 1-2 WL ratio facebook group : @ilforexil
It would be a PERFECT BAT PATTERN We also have a very strong level at the area.
This volume profile goes back to the 10/11th November, which makes a slightly narrower value area. It is not providing the most exciting trading opportunity at the moment, but a break could be interesting
From 4h chart clear up swing with large candles. Retracement at 0.789 Fibo level, where there is also a support in the 1.08500-1.08550 area. BUY LIMIT: 1.08581 S/L: 1.08160 T/P 1: 1.09006 (50% retracement) T/P 2: 1.09572
I noticed what looks like the 5th wave of an elliott wave . It seems like it's bouncing off the support area I drew a few days ago which coincide with the .382 retracement level and the PP. I put my S/L just below the PP because everything seem to indicate a really strong support area. Currently my T/P is set around where I expect the price to go but when the...
EUR USD after flag formation view. Safe trades
As we go down making lower lows, the price is getting close to a very nice point of confluence at @134.000 even handle At this point we have the following: 61,8% fib retracement 1,272% fib extension Structure alignment: support We think we might get filled in this trade next week Remember Eyes on your mind, not on your trade Cortes Team Thanks !
touchdown at 96,xx Area. For any questions, please leave a message or a comment below. thx.
Cable is closing in the bottom of this 1.47073-1.43307 range . Possible long around 1.43500 area with a 50 pip stop loss . Take profit is at the top area of the range around 1.47000 if all ends up working out.
nifty near high resistance area 7950-8000 Chanc for trend revers
POTENTIAL BEARISH BAT PATTERN ON CADCHF Over all trend is a downtrend. I have a potential bat pattern on its way but there's a key level in the way.. Lets see how price reacts around the 76.0 Area..
Read chart/ Personally i would wait for a indecision candle before entering this trade and enter it if sellers are able to make a new low after the indecision candle because that would mean that sellers taking control of price.
We are in a delicate area for this pair, from here you can start a big raise - related to the NZDUSD in which we expect further falls