Daily timeframe analysis:
- Price seems to be respecting the upward trendline and forming an elliott wave pattern
- Price has bounced off of the 0.382 fib level retracement
H1 & H4 timeframes:
- Price has broken the trendline and seems to be continuing down
I like to look at the higher timeframes to get a bigger picture of the trend, market patterns and price...
Price broke the trendline and retested and bounced off of the trend.
Consolidation around resistance zone and price pushed off of the 0.618 fib retracement level.
Possible buy opportunity.
Wait for confirmation candle...
Due to basic price action respecting the strong downtrend movement, i believe it will follow this set up.
1) trend touch
2) Fibonacci level 50-38.2%
3)previous respected zones
4) candlestick formation at trendline touch
TP - 144.800 region
Please leave a comment with what you think and if i have missed anything.
we are all students,...
SHOWN A STRONG RESISTANCE ON MONTHLY KEY LEVEL AND WE DID HAVE A PULL BACK TO THE UPSIDE CREATING A BEARISH FLAG
TOUCHED THE 50% MARK ON FIB AS THIS HAD BEEN RESISTING THE 50% FIB MARK 5 DAYS IN A ROW
BROKE BULLISH TREND LINE
IN A WEDGE TREND AND I WILL BE LOOKING FOR MY TP TO BE THE -27 MARK
Here is my technical and fundamental analysis for entering short positions on US Oil.
- Weekly rejecting broken channel trendline
- Weekly rejecting $64.50 prior support/resistance zone
- Weekly Fib 0.618
- 4hr showing lower highs and lows now.
Entry will be a weekly close below the Fib 0.618 level and resistance zone. Or I will enter short on the...
Looking for EU to retrace back to the 61.8-78.6 and then drop. Will be waiting for a daily/4hr reversal pattern to form before going short. If a Counter-Trendline forms I will wait for a break and retest on that.
Potential inverse head and shoulders reversal pattern forming
left shoulder & head formed.
the tip of the right shoulder lines up nicely with the 61.8 Fibonacci level
-Aggressive entry from the green highlighted zone
-Conservative entry from the break and retest of the neckline
After being stopped out at breakeven on my last EURUAD trade I am now looking for a second entry.
The bearish 4hr trendline has been broken and today a higher high was made on the 4hr. I am now looking for a long trade on the next higher low to take advantage of this new trend.
All analysis is marked on the chart and my entry is going to be around 1.57650 if...
Did a complete analysis starting from monthly chart and drawing the key support and resistance line. Than moved on to weekly to find the market direction. than onto daily and got the .50 fib Retracement level . onto 4 hour to find that the current market is about to touch the .38 fib retracement level and also there is a W formation which would mean that the...
Simple trend continuation trade on CHFJPY.
Higher lows and bullish trendline with price now rejecting the Fibonacci 0.618 retracement level and TL.
Higher lows showing bullish momentum is still present so there is potential for CHFJPY to now break the resistance level at 112.00 and make a new higher high.
Stop Loss is at 30 pips to leave it below the 0.786