I am looking for a short untill 183 area, which is point 4 of the wolfe wave. From there I would like to buy if the falling wedge in RSI breaksout north. Targeting at least point 5 and maybe even the sweet area in the wolfe wave. Once arrived there I believe we have a lot of pips to be made at the sellof.
Pound sterling has been very bullish against JPY. for the month of april. although it is now at a resistance of the downwards trend line, it is currently breaking the 61% fib level on the Daily time frame. suggesting that a reversal might not be on the books just yet. If we see price breaking beyond the trend line, I will be aiming to take profit around the...
UPDATE This pair did something most of us didn't expect it to do. So I consider this trade as invalid from this point of on. ----- It's about time to short this pair before going long. Chart speaks for itself, keep your risk and money managed. That's the most important part of the whole trading game ^_^
In August of 2014 the pair broke out to the topside. Since late December we are in what I usually call on shorter timeframe's "buyer's remorse," although, it is harder to apply that to a timeframe like this because of macroeconomic trends and unforeseen geopolitical risks. However, the British elections are getting closer to completion, which should help alleviate...
As you can see in the image below, GBPJPY will go up because 30 EMA was crossed below, Stoch is very oversold and RSI is below 50. It has to go for at least 200 pips from now, I mean 178.00 at least. I don't have a SL, as I put much money and less risk, X10 or even X5. Piece of mind. You should do the same.
Can short the CD leg for pattern completion. Once pattern is completed look for bullish pa to confirm a move up.
it is just an Idea i am waiting for a goo entry Maybe the Green line is a good entry point with an SL of 40 to 50 Pips i will trail my SL after the TP1
CONFLUENCE : 200SMA D1 AND H4 SWING SUPPORT AS WELL AS 178.00 SUPPORT LINE. PRICE HAS BOUNCED FROM THE 200SMA ONCE, RISING 800PIPS AFTERWARDS. H4 ALSO SHOWING INVERSE H&S WITH NECKLINE 180.00. MY INTENTION IS TO BUY AFTER PRICE HAS FAKED THE 178.00 LEVEL. I.E. GO BELOW 178 ON THE H4 AND SUCCESSFULLY CLOSE ABOVE 178.00 ON THE H4. FAKING PEOPLE TO TRIGGER THEIR...
i think soon will broke downtrend t1: 181 - 181.5 t2 : 183.5 - 184
TEXTBOOK SETUP. GOT NICE CONFLUENCES ON THIS SETUP, PRICE BOUNCING OFF PREVIOUS RESISTANCE TURNED SUPPORT, TRENDLINE AND ALSO BOUNCING OFF THE 0.5 FIB LEVEL. TARGET 1 AT THE SWING HIGH WHICH HAPPENED AT THE END OF FEBRUARY AND SECOND TARGET AT THE NEXT SWING HIGH WHICH WAS IN DECEMBER LAST YEAR.
Complete Cyper pattern, Potential Long mode ...... in 15 min TF
If we retrace down in the 176.40-ish area we might have a bullish cypher pattern. BUY @ 176.40-ish TP1 @ 177.40-ish TP2 @ 178.00-ish I'm new to the cypher pattern but I think it's still valid if CD completes @ the .886, so I'll be placing my stop around 175.91. Would love some verification from someone more experience at this than me!
with respect to my previous chart on GJ the bullish gartley is completed. The price did pierce into the PRZ area ,now trading above it. Entry and target are shown on the chart
H4 pin bar spotted at key support trendline. However, i will not look to buy into just it yet as D1 has recently taken a beating and the beating could continue to 180 level depending on how today closes. i will only enter if a pin bar or rejection pattern is formed on the trendline end of today 05/01/15.
price has closed above the triangle. upward momentum is confirmed unless a break below back into the triangle is seen today 23 dec. wait for prices to pullback onto the trendline and enter upon pin bar confirmation on the h4 d1. d1 and h4 21ema suggest upward bias.
I've never traded a Bullish Penant before, but I think this is one because we had a sharp climb in price followed by consolidation with slightly lower highs and higher lows. To trade this, place a place a limit order right above the penant (maybe 186.083?) and once you're filled place a stop below the most recent low in the penant. To estimate where we're headed...