SHORTS TO THE MAIN SUPPORT FOR HOURLY WHICH IS 15.800 LEVEL. AFTER SILVER WILL JUMP UP AGAIN SL AND TP PROVIDED. STOCH AND RSI CONFIRM SLIGHT DOWNTREND
do a buy order at 1.45552 then follow the TP AT 1.46366 AND SL AT 1.45306.
the stochastic is oversold below 20, 9 and 21 EMA are being tested so they are bullish opportunities maybe apply to this the 1 hour chart for quicker results ??
After seeing a very strong bullish move up into Strong Resistance area, we are seeing a bearish break out trade forming on the 1H chart looking @ 45 Point stops - 45 point TP1 + TP2 ? ? ?
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision.
if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48
1:2 targets
BAT PATTERN
PAIR: EUR/GBP
TIME-FRAME: 1HR
TRADE: BAT PATTERN
Waiting for a Long opportunity on the
EUR/GBP 1 Hour time frame.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
Pair is currently sideways after making some highs. If kumo breakout below occurs, allow to break 200SMA for confirmation of trend change. Watch for break to the upside as well in case of trend continuation.
Opportunity for a short term retrace over the next couple of hours. Possible Itchimoku breakout set to occur shortly. Keep stops tight and be prepared to take profits if trend reverses.
Potential Major Trend Reversal.
1. Bull Trend
2. Test of Moving Averages (20 & 60)
3. Lower High formed
4. Decent Selling Pressure (Consecutive Bear Bars, seen visually, compared to previous Bull Bars)
5. Fairly 50/50 if it will break up or down, but I take the trade because my profit target is potentially 2 x's my initial risk, 1x.
USDCAD marked itself upwards from a trading range. An uptrend has been comfirmed with 3 valid toches, and i am ready to long when it break 1.36166 and 1.35549 holds as a support.
After 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of...
After a stacked engulfing bull bar, price looking to breakout after 2 perfect consolidation bars.Triggering @ 1.6276. Looks clear to 1.6450 for ~ 175pips with stop at 1.6235 for ~40pips risk.
