Perfect Head and Shoulders pattern for short.I placed the SL@50% of right shoulder height
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TP1 at 2.618 Fib ext. and TP2 at 4.23 Fib ext.
Price almost reach TP1 for 250 pips profit : )
@TradeYodha (TradeYodha.com)
#AUDUSD Bat Pattern (Bat, Fib, Structure)
Lower confidence level as the area around B point itself can be a huge resistance area.
1. Bat Pattern
2. Previous structure retest
3. Round number 0.78000 in the lower zone
4. 200SMA is close to the zone
5. Daily Time Frame has 50SMA in the zone
6. Fibonacci cluster in the zone
Wait for...
@TradeYodha (TradeYodha.com)
#AUDCAD 3 Zones To Watch (Short and Long)
1. Triangle
2. Fibonacci extension
3. Fibonacci Clusters in zones
4. 200 SMA in zone 1
This is a bit confusing one. Must wait for the price action direction and take entry based on confirmation
@TradeYodha (TradeYodha.com)
#GBPCHF 15min Short Idea
Reasons:
1. Previous structure with spikes
2. 50SMA lagging behind on 15 min that should attract the price
3. 10sma lagging behind og higher time frame i.e. 1 hour that should attract the price
4. FIB 1.27 extension in zone
5. possible harmonic move
6. retracement expected
Must wait for confirmation before...
@TradeYodha (TradeYodha.com)
Has #DXY started showing little weakness?
Fib confluence
50 SMA lagging behind
Love to have your comments to agree/disagree.
#GBPJPY Long Idea for Retracement
1. Higher Time Frame Support Structure
2. 1/1 Harmonics in the zone
3. Price Oversold
4. Fib extensions confluence
5. 50SMA lagging which may attract the price
Case for entry short:
bearish doji bar close;
retest/rejection of resistance at ~1.5025; and
0.618 Fibonacci level rejection and close below
entry - below doji close
stop - above doji close
target - ~1.4830 (weekly support level and also 1.272 Fibonacci extension level)
On the monthly chart, the US Dollar Index has soared without a pull back since May 2014 leaving questions for a possible future retracement. Approaching the 1.618 Fibonacci extension (~101) and previous key resistance at 103 is a price region where the effect on price action behaviour will be of significant interest from a technical perspective to witness a...
Price has formed a potential symmetrical triangle which indicates price is being squeezed and funnelled into this geometrical pattern. A strong bearish momentum previous to this pattern indicates that a breakout to downside has a higher probability of surfacing compared to a breakout to the upside.
There are 2 possible entries:
1. Fresh Supply @133.655
2. A break...
#USDJPY Daily Butterfly Pattern Short Idea
1. RSI divergence showing up on 4H indicating slowing momentum but is not double top
2. round number 122.00 confluences with fib extensions
3. Price is not oversold yet. There is still room for upward movement before it hits the zone
4. 50SMA can give us our first target
Hope this give you some useful ideas, don't...
@TradeYodha
TradeYodha.com
EURJPY 4h Long Opportunity
1. Cypher Pattern Completed
2. Price oversold
3. 161.8 fib extension confluence in the zone
Beware of 130 round price level. The price is probably going there to test that level. Wait for confirmation.
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your...
@TradeYodha
TradeYodha.com
AUDUSD Short Opportunity
1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside
There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade.
Hope this give you some useful ideas, don't...
