Position Long - June-July 2016 Waiting Entering Channel @ 73.000 - 72.650 Risk/Reward Ratio: 4.00 Take profit 1 @ 74.500 Take profit 2 @ 75.000 Take profit 3 @ 76.000 Stop Loss @ 72.200
Would you agree with This setup. Going long USD/CHF. Thanks for feedback
VSAR beginning reversal of trend, looking for confirmed channel breakout on hourly time frame, then long entry after a retest of trendline. solid fundamentals with good previous qtr earnings.
SH (short S&P500) is forming a nice falling reverse wedge pattern, also known as broadening pattern. The falling pattern is an indication that the price is likely to break out of the upper boundary. I'm personally looking for an AB=CD pattern, consolidating between 20 and 20.10, and the target at ~20.40.
AUDUSD shows a divergence on the 4-hour chart. The support // resistance lines in green are old made back in time from the daily chart. Fibonacci confluence shows that the 38.2% retracement-line could be a very likely first target. Good luck!
i feel this is a neater version of my cable analysis. with the MA'S crossed to the upside on daily and 4hr and bullish price action more recently, i feel a b/o to the upside is very likely. however if price is rejected by that key level, i will be using trend lines & s/r levels as target for a bearish position.
Spotted 2 supp areas the third one will work i think 80%. its Down trend on every chart 1W,1M! i think it will come to the bottom area where i have marked my TP line. Good day everyone and good luck! hope this will be lucky trade!
Basic divergence movement has occured in 4h chart. Breaking up 1.3322 point is first strong buy signal and 1.3392 is the next. We wish you all have a profitable trade! Adim Adim Forex
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Looking for the opportunity to go long on the pair once it hits the entry zone highlighted.
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...