FX:EURUSD Link to Related Idea Below... Price Low EURUSD: $1.16514 Tested and Held at $1.1652 Locally! As of the moment of publishing EURUSD Price: $1.1673 I break down the target prices for WXY & ABCD Patterns: ABCD(revised) 1.618 Extension Target = $1.16507 (EURUSD Low=1.16514) Fractional miss; Target Considered Hit ! WXY "Y" 100% Extension = $1.16426...
Short initiated on false breakout of new 20 day high & confirmed reversal. Could hold for a few days if some follow through action. Stop-loss > recent high. Trail stoploss.....
This is a new 20 day low failure of breakout - with a confirmed reversal on daily chart ( high of yesterday broken) to upside. Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line, possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips... stoploss below recent low -65 pips. This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers. OIL...
This is a strategy from the book, 'Streetsmarts' developed by Taylor and adopted by Larry Connors For sell signals on NZDUSD: 1. Y'days high is signal for short when market opened in bottom 20% daily range and closed in upper 20% range ( Fri) 2. Today the market must trade at least 5-15 pips higher than yesterday's high 3. An entry sell stop is placed at 2...
80-20 strategy long > previous days low after big down day see related trades NZDUSD for details
Looking to see a reversal here using 80-20 strategy : previous day in overall bullish on dailies then have : 1. Open in upper 20% of previous days range & close in lower 20% 2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low 3. stop loss below today's low by 10 pips, should go into profit quickly * low probability / low...
At this moment we have a share that we could have a significant setback in its downtrend, which is backed by the 80 SMA and a strong area, therefore this trade will be executed only when it reaches the area of 217.5 and vary from market strength.
Anticipating small bounces in all markets during the first part of this week as some traders are hoping this was only a correction and others are taking profits from shorting last week's dump; however, I'm convinced we are looking at the beginning on the next recession so I have multiple shorts opened accross multiple markets and looking for counter-trend trades...
Waiting for long stops around 49-49.5 to get hit, with initial TP at 38.2 fib near 55 psychological level, and 2nd TP at 61.8 fib. Most likely it will go go ranging here in 50 psychological level for some quite time before rallying soon after being oversold especially with the risk of corona virus spreading being more controlled now compared to 2 months...
Hello fellas! So, here's what EURUSD has been doing: - It completed the butterfly pattern at 78.6 X-A; - It completed the ABCDE wave count on 4H channel; and - It's showing a reversal sign after showing the lower trend line of the 4H channel. All at the same price area! Still, it's much safer to trade with the trend, and this is a counter trend analysis! So it...
You can open e sell entry from there... I am waiting for a confirmation to sell, that's why I trade "sell Limit" Good luck
STRATEGY: False Breakout Strategy/Counter-Trend Long Term Trend Time Frame: 1D/4H Focus Time Frame: 1H Market Condition 1D: Short Term: Downtrend (based on 100ema) Long Term: Sideways Market Condition 1H: Short Term: Sideways Long Term: Uptrend (based on 100ema) Area of Value (AOV) Resistance: 1.32915 - 1.33813 Support: 1.31118-1.30205 Entry...
A possible counter-trend trade if retest of 2500-2515 fails...1st tp at 2425...and 2nd tp at 2360...SL is 1 ATR of hourly chart abv the high-2515, this is juz an idea, PLS DON'T TRADE with REAL money... I don't responsible for any loss of money and trading futures is a high-risk investment...pls consult your financial advisor first...
AUDUSD looks like its struggling to get down past this level yet again. could be a chance to grab some quick profit. Or it may go longer term and move higher. But with the rate cuts its highly unlikely Id be definitely looking for a move up to 0.674-0.675. Then it may look to reverse and move lower. Any questions feel free to ask. Ben #PipGainFX
Two possible scenarios: 1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or 2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as...
After a nice rejection of the indicated zone, we will be waiting for a pullback to initiate buy orders.