Nice, clean and simple. We have the break of a very bearish 4 hour structure.
on the move to the downside, price failed to reach any relevant fib ext targets.
Im looking to the purple zone for scale ins to carry this pair to its final targets 1.74 & 1.72
nice and simple setup. i will find my targets for this short trade when we either see a retrace to the channel bottom, or when we see this potential flag break to the downside. MACD looking good for this trade also.
Will be watching this close after market open to see if we can get a nice Rejection Flag entry short.
Looking for very similar price action to what we had a week ago.
will be aiming for just under 4% profit if the entry ends up happening.
I have had to re-publish this as it was removed by T-View. My outlook is stil very much the same.
The difference is now we have converted 1.73 and we saw a continuation form yesterday targets will be slightly lower than is marked above, but ill see how it moves and adjust lower accordingly.
After such a clean impulse long we are looking to see how the counter trend move after forms.
Because of the wick at the end of the impulse we are expecting a deep pull back.
Once we form a middle section and the pull back starts to look like a flag then i am happy to place an order at the end of the range.
EURJPY - Long Continuation & 0.618% Rejection! After monotiring price action on this pair, we can see that price has rejected the 0.618 & 0.5 key levels of the Fibonacci Retracement. I have now entered a long position with a great R:R of 1:7 and if the analysis is correct, it will result in +171 pips. I will monitor the trade closely and consider taking partial...
After a spike in the bull to a big bear, we can see EURAUD ranging but slowly respecting the overall uptrend, a lot of ranging occurring in the past several days but if the bull can continue and break the upper resistance line again, we could be looking at a bull continuation. Patiently waiting for this to happen before entering for a roughly 2:1 risk reward...
GBPCAD - Long off the 0.618 Fib
GBP is still strong again the CAD and in an upward trend even with the big GBP sell off after comments form Boris on UK trade deals
Still waiting for an Entry signal however
The Crypto currency in my analysis is now looking very much like its heading north after half a year of south bound travel. I used a lot of tools during the analysis, in order to make the chart easier to understand I have omitted most.
Looking to EURNZD, there is a good setup in this pair.
Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity.
We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback....
Now that we have a clean impulse out of a very corrective ascending structure, I am looking for an entry on this continuation.
Need price to stay within the previous high and current low as it forms this counter trend move.
This small break out of structure can now potentially evolve into a simple fake out and price could now fall all the way back into the pattern.
Price has given us a very nice impulse out of a corrective ascending channel. This was forecast in a previous post.
All we need now is clean continuation within the previous high and current low and i will be entering this position with 2 trades one to manage aggressively and one to
hopefully hold for the larger move to the downside.
Most of you who've been following my market weekly analysis (Also my fav' TF since it ignores all the news in the background) for the past few months know how I like chaotic messy rainbow colored charts ^_^ but also that I been super bearish since top to bottom =D
I love to see many basic but important TA/PA elements on my charts and thus I have to break it into...
Euro is showing continued weakness from yesterdays PMI news. Looking for the NZD to continue its possible turn higher. If this continues for both this could be a multi day move with plenty of time to scale into this position.