Forgot to press publish by a bit, so optimal entries are sadly fortfeit. OmiseGo stalled previously and established a lower low in conjunction with BTC. Later a HL was established, which created a new trendline with pre breakout resistance and the previous low. I have strong confidence in this new low for two reasons, which i will now detail. 4RSI has balanced...
Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless...
After the breakout of the price through the descending trendline, price moved constantly up and bounced back on the upper line of the ascending trend channel. Two days ago, the price just responded to lower trendline of the channel and is probably going to continue this bullish movement, heading for the upper trendline where it is likely to reverse its direction again.
This pair is short term long and will head down for a short. Short from key resistance level to key support. Looking for rejection of 61.8 fib and will exit at -27.0 fib.
A bounce off this trend line down to major key level confluence with 61.8 fib. Wait for break of rising wedge. Expected upside after this move. May move stops to break even after 50%.
Here we have a bullish 5-0 on the 4H chart with the AUD/USD. After the big jump to C point, we can look to watch price retrace from the resistance zone and make its way down to D point. For even further confirmation, we are seeing the Golden Ratio 1.618 appear twice at B and C point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618...
Te chs 1. We are trading above the high of JAN 2016 which is a very significant level (S/R) 2. The Willis Zone bounce indicates a highly probable leg to upside 3. Golden Ratio Correction increases odds of a leg up 4. Weekly Close above previous 5 weekly candles Fundi es In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong...
I think price will bounce up from this price zone, possibly to 1.3400.
Short term consolidation Downtrend breakout Possible breakout triangle This is my general outlook on the pair. Will be looking for a nice reward risk setup during the upcoming week.
I am looking for a buying opportunity at the monthly support on this pair.
Waiting for price to reject the 61.8% Level Will short this to the breakout point. Risk Reward seems good.
Falling Wedge on the 4 hour. Trendline has been retested on the 4 hour.
Waiting to go long on the retest of the trend channel. A falling wedge seems to have formed on the daily so this pair looks bullish in the bigger picture. This is a simple short term trade setup.
Resistance on the weekly and trend line breakout.
Looking for a potential reversal pattern to trade to the upside. Keep an eye out for a breakout from the trend channel.
C TO D LEG SETUP TO FINISH FOR GARTLEY PATTERN LOOKING TO SHORT AT END OF D LEG NICE FIRST PULL BACK WITH 61.8% RETRACEMENT AND SECOND PULLBACK WITH 50% AND THE FACT THAT 78.6 AND 1.272 LINE UP SO NOICE SEEMS LIKE GOOD GARTLEY SETUP
Here are my Thoughts for the coming weeks. Lots of good Fibonacci confluence, to many levels lining up to be ignored imo. So to start we have some basic patterns forming Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support. The flag could do a, a,b,c,d...