We might get a short or a buy. Either its gonna be a big move.
Look at the chart and it says everything. 1. There is a H & S pattern, neckline is broken. 2. ABCD pattern is on its way to finish. Entry: 3. Go short on retest of the H & S neckline 4. Go long at the completion level of ABCD pattern -- Avto_T Financial Analyst www.rcpforex.com
As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...
Looks like we could go either way here. Still a way off, but these are on my radar.
Target 1 = 1.1068 Target 2 = 1.1252
GBPAUD is consolidating in the range of 2.0870-2.0950. Traders should anticipate a breakout on this pair given the upcoming news catalysts for Aussie. Tomorrow we have RBA rate statement and decision, and on Wednesday Trade Balance data is released. This should be an interesting week shaping up, ending with NFP on Friday.
I'm waiting on further confirmation for this pair. Overall trend is down, could we be accumulating for a big move down into D extension?
After uptrend confirmation at (2) volatility increased. On backtesting buy the pullback or sell the breakout.
(BASED ON OTE) BUY @ 41.20-41.80 (MAIN OBJECTIVE )TARGET 1 @ 45.20 (SECONDARY OBJECTIVE TRADE AT OWN RISK) TARGET 2 @ 47.50 (SECONDARY OBJECTIVE TRADE AT OWN RISK) TARGET 3 @ 50.20 STOP LOSS: DETERMINE HOW MUCH YOU ARE WILLING TO RISK OF YOUR OWN CAPITAL AND PLACE STOP LOSS ACCORDINGLY, REMEMBER YOU ARE TO RISK A MAXIMUM OF ONLY 3% OF YOUR CAPITAL, AND THAT ONLY...
(BASED ON +MB and +TS) BUY @ 42.20-43.20 (MAIN OBJECTIVE )TARGET 1 @ 45.20 (SECONDARY OBJECTIVE TRADE AT OWN RISK) TARGET 2 @ 47.50 (SECONDARY OBJECTIVE TRADE AT OWN RISK) TARGET 3 @ 50.20 STOP LOSS: DETERMINE HOW MUCH YOU ARE WILLING TO RISK OF YOUR OWN CAPITAL AND PLACE STOP LOSS ACCORDINGLY, REMEMBER YOU ARE TO RISK A MAXIMUM OF ONLY 3% OF YOUR CAPITAL,...
EURUSD-0.34% has cleared stops out above 1.14580 It hasn't broken the 'Macho' high from August so that could also back up the idea that this was just a stop raid of anyone short since september and this could also suggest this latest move up is part of a bigger bearish fractal, that will eventually clear out everyone long from August, maybe July. I have a SHORT...
$EURGBP BUY TRADE, LONG @ ANY LEVEL BETWEEN 0.72550 AND 0.7280 TARGET 0.7400 STOP LOSS @ 0.7200 Watch this space as I will be posting more ideas to support this view and I will also be frequently posting small short entry opportunities and possible scalp trades whilst the bigger trade unfolds. I provide signals service for free as a gesture of goodwill, and to...
Still very neutral and awaiting the confrmation of an upward push or downward continuation of recent rejection of that 1,17 area. please read carefully the notes added and also the warning... these are turbulent times! Im now watching out for rupture of 1350 or 1100 to enter again (as long as this rupture is not produced by runours and empty speaches of any of...
Here we see the USD/CAD being pulled back against that 1.30 mark. The CAD has kept up nicely against the USD almost soully due to that 27% oil jump in late august - even though is was short lived. Support and resistance levels wave between low 1.33 to 1.40 as expected, giving us an optimistic look at the near term volatility. Even though its a tempting time...
We are in a crossroads between major trendlines here. This forms a triangle pattern on which you can apply fib-time lines to predict a breakout (0.764 fib-time). I added some interesting levels and other trend lines aswell. How to trade it: Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can...
--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break...