Hello Dear traders!
Just a quick heads up before we can together comfortably sit and watch Xrp blast.
Based on the weekly trendline and current XrpBtc trend I´m 99% sure we gonna hit the crucial support located in the 6250-6150 area. As you can all see from the plan designed by me we are about to see something...
FX:CADJPY LOOKS ON SET ON FORMING A HEAD & SHOULDER PATTERN. AS WE CAN SEE IT APPROACHING TO IT'S RIGHT HAND SIDE SHOULDER ASWELL AS APPROACHING 61.8 FIBS LEVEL. IF WE CAN GET A BULLISH CANDLE STICK CLOSURE ON THE 61.8 LEVEL WILL BE LOOKING AT A 150 TP/50 SL (1:3, HEALTHY RISK:REWARD)
Here is my analysis for EURUSD. I am looking to go long at this region for the following reasons.
1) Price is now at the weekly Fib 0.618 level
2) Price is rejecting the 1.12 key support zone
3) Technically a 4hr higher high was made so this could be a higher low and therefore trend reversal
Stop Loss is around 40 pips to leave it below previous lows through...
Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200.
Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement.
A retest of the trend line may occur before price starts to increase.
On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price.
Price hasn't really touched the bottom zone, it has be pushed up before its gotten there which leads me to believe that this could offer a buying opportunity.
There is a fresh 4hr zone to aim for which as you can see price has been moving sideways for some weeks.
there is a truly fresh demand zone lower.
AUDCAD recently broke above a descending trend line and has touched a resistance & came back down to touch the trend line from the other side.
What we would like to see is a retest of the trend line/.382 fib retracement/support zone that price is near to find long entries.
Stop loss would be placed below the trend line with profit targets listed on the...
GBJPY put series of higher lows indicating potential bullish trend.
Weekly Time Frame confirms the possibility of decent uptrend.
Entry is based on 4-hour time frame, yes, little bit late.
Also second high is not higher than the previous one.
Risk/Reward ratio is quite decent although I do not expect to rally fully to the top.
Important is to keep in mind that the...
Long Trend Continuation Set-Up based on 0.618 Fib Retracement.
After series of higher highes and higher lowes another move up could occure.
Stop Loss relatively tighter because of potential trend exhaustion.
Take Profit according to the nearest structure levels.
Still quite decent 1.3 Risk Reward Ratio.
In the next few months the price of Dollar Tree DLTR stocks could rise by about 9% following the Bulkowski's "Big W" pattern.
Target is around 94.
Stop at 74.
Let me know what you think in the comments. Hit like to share this with more people.