The Yellow cross over the blue line indicates a Trade. Buy order when the yellow line cross above the blue line. Sell order when the Yellow line Cross below the blue line. The Red Line is the Major Base Indicator for Trend Line.
CAD/JPY has hit the upper trend line resistance and it appears that we could see a possible breakout. I have set TP for around 85.2 and entry for 84.5. Will watch to see if this breaks and watch the bulls take over.
Late post but this was a pair i was watching once we'd hit the resistance level on 01/06/16. I was expecting a continuation of a bullish trend however it appeared we had a false break out above the resistance level of 0.77500, which then fell back below this level. Bullish trend did then proceed and TP1 was hit. Will see if this hits TP2 and beyond going into next week.
AUDUSD H4 Was create double bottom then break sell trend line , MACD show the buy trend
USDCAD at decision point, either the current uptrending market structure will continue, or the higher timeframe bearish trend will assert itself and push the market lower violating the current uptrend. Either way there is a bullish opportunity at market. If the bulls hold above the 1.2835 area the market is likely to retest the high of trend around 1.3200...
Hello, this is my first I idea here so please tell me if it's any good. I find Gartley patterns extremely accurate in higher time frames. Lets see how things play out.
We worked on a new system which gives varity of Buy and Sell signals wiht confirmation 3Trend formation. Hope to have profitable setup at all. Let's check it for a few trades. Buy Stop: 0.7113 TP: 0.7304 SL: 0.7055
Retracement could reach 1.13734 resistance area
If USD/CAD breaks through 1.30030 resistance, I'm going to LONG until the 1.31735 area. We'll see how the markets play out tomorrow.
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a...
First of all, look green arrows in 1D time and Blue arrows in MN time. This pair respects moving averages, it is a directional/trend pair. I think could be a good idea buy now, doing 1º target in the 21 exponential moving average (orange in my graph), since this pair respects averages, holding some orders in case the MN trend is "right"
Bullish Cypher Pattern Completion on the 1hr chart. Looking for a short term bullish move in price up to 157.30 to 157.70.