-downtrend channel broken -pullback on uptrend around .382 -heading towards .618 next -RSI showing a strong uptrend move as well
price broke the trendline and retested if you look at the 4hr timeframe theres a bearish engulfing candle stick. I am now currently in this trade.
Ladies and gents, As we can see here the market pushed down quite strong. So this was a risky trade to take, due to the huge amount of selling power. BUT, we got as confluence: -Bat pattern - 1h Structure -daily structure -long term fib -oversold RSI -200% extension -short term fib Making this a possible area of interest. -Enjoy!
On breakout of this pennant to the upside. 4H
I set order to sell stop and it is failed break. So i lost this trade.
Short of a NK scenario to overwhelm these technicals, we have this nice trade coming up - that is, a pullback to retest the thick red line for supply, then continued drop.
Hello, looking at this small time frame, the 1317-1320 level has been tested several times since it got broken through on 15 September 2017. And yesterday, EJ bounced off this level nicely again and now sitting at 132.3. Target 2: 133 RR:1 Target 1: 133.47 RR1:1.7 good luck, happy trading!!
EJ is showing bearish signs on the weekly and daily time frames, i believe we can see downside potential to around 131.000 *always trade on your own risk
this pair has broken a trendline on higher time frame and is now slowly retracing/consolidating and forming a rising wedge. i am looking to short this pair at the top of the wedge - stops go above the Moving average cluster, and targets are the previous structure low (look left) and then the completion of the ABCD move. what do you see?
here is the short opportunity for EJ if it is correct the pattern so u can see in the chart