TG 1 = 90% Probability TG 2 = 85% Probability TG 3 = 70% Probability
Rejections at 1.003 and 1.004, which also happens to be a historical structure area and a 0.618 fibonacci together with weakening momentum. These key points build this case for me. Aiming for first profit at 0.994 and final at 0.988
If price action confirms pattern we could see a nice run with good RR.
Perhaps consolidation will be formed, which will be a model for continuing a long-term uptrend.
An upward support level can be a support for a reversal up. A downward trend in oil could help to weaken the Canadian dollar.
Structure, trend line, and a fibo 0.618 are all fighting together for me on this one. I will watch closely and keep trailing tight after passing 1.0 down at target two. For a more conservative approach you could wait for this 4h candle to close (20 mins left) or the MA crossover at hourly.
Just touching our bearish trend line, we have two double tops coming together to make a bigger double top. Trend line and the structure that we see here also coincide with historical support and resistance area, aswell as the round even number 0.9500 which price has yet failed to violate. Above could very well be reason enough to see a bearish rotation where I...
Support for long-term uptrend is broken down. But the mood for continuing the uptrend is still quite strong. In my opinion, while the most likely trade between medium-term support / resistance levels.
We have 8 failed attempts to close above 0.9400 First target - retest of previous low, second target 0.9320 Simple setup, sometimes we dont need more reasons to enter than a strong resistance.
A few clues here adding to this case: Price clearly respected; 0.382 fib Trend line Structure And it showed it respect by showing a double top (A) followed by a 2618 (X). To our protection we have structure zone + fib + trend line (Z), all combining. I entered my first position after double top. Second position after 2618 Its a bold target, but price gives...
Recently, as you can see on my recent published charts, mr batman has proved himself incapable of assisting and been completely beaten down. In this setup we have a bigger gartley-pattern which could add some backup to the weak (yes.) bat, together with falling trendline and structure looking back - and the double top that these two combined will form when the...
4 failed attempts on breaking to the upside. We now have a broken trendline to the downside. Targetting retest of 1.00000 Stop loss above the highs
Gartley completing within a price range that has previously been showing both support and resistance many times. Together with the structure we also have a bearish trend line to back up as resistance. Target 0.382 fibo of A-D leg. Lets see if we get filled
Time to get short!.. Or long!.. Or both. We're currently in a previously tested channel with support/resistance both above and below. We see two pattern forming. Gartley (red) and bat (yellowish). Orders are pending on both, lets see which gets filled!
Falling trendline together with structure as resistance. SL above hiher falling trendline. Target just above previously broken support/bullish trendline