Please see annotated chart for details.
My bias is towards the downside If price action falls below 155.00 psychological level might go short. Targets at 0.764
AUDCAD Keep look at 0.94000 this zone for long but be careful AUD will decrease interest rate again
Posting educational material, looking back at the trading from the past week. RR Setup Risk Management Confirmation Essential abillites you need to posess to becom a successfull trader. Visit my live channel for trading inbetween monday-friday during london and NY sessions twitch.tv/smokeintheeye88 - Give me a follow and youll get notification when im...
GER30: During the last months we see a downtrend in this index GER30 and now a possible Pull Back!! What about Fib retracement. We can see that there is a retracement made back to the 38% and now moving down again. Technicaly could be our next goal the 127% line as possible profit target. What is your opinion? - Short on the trendline break?
Hello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as...
Entry - 2.10959 R/R - 1.0 T/P - 2.11959 - Just before 0.382 Fibonacci S/L - 2.09959 - Well below harmonic level
Please see annotated chart for rationale.
We have a bearish Bat forming at previous support/resistance level, so we expect a re-test of resistance an then fall to previous support Hope you enjoy! PS: I'm not 100% trader, i dont know anyone that is, and because of this, i maybe fail in my prediction, but that is ok
Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...
Please see annotated chart. entry - 43.00 stop loss - 45.00 target - 40 Reward:Risk = 2.5
OIL has been gradually regaining strength over the last few weeks. A weakening dollar is helping to make this push upward as the bulls regain strength. Here we had a .382 retracement of this new bullish leg which coincided with the .382 of the major bearish impulse leg. From here it looks as if the market is on it's way to retest the 41.87 level which is my target...
Hi Trader, We have a very small reversal setup here on Kiwi. Entry: 0.70350 Stop: 0.70610 Target 1: 0.70100 Target 2: 0.69960 REMEMBER - Only take trades if they meet your rules as laid out in your trading plan. If you don't have a plan, please do yourself a favour and get one. Good trading, Luke
Waiting until I see a clear pattern emerge after the USDCAD news this week. daily 30min
ABCD equal move and 61.8 fib retracement and extension . shorting opportunity!!!!! cadchf
sell on any rebound to 0.7635/50 target:0.7380/0.74 sl: 70pips
There seems to be some good confluence at the price level of 1.1621, where there is a Fibonacci extension by 127.20%, (rebounding off a 61.8% retracement). A possible formation of the gartley pattern is also being shown. Finally some strong resistance at this point making it a great trade to enter. A short will be the most ideal, however, you could decide to go...
Three drive pattern complets at 61.8 fibo retrecment Uusdchf