Bat with Harmonic Move With Major Resistance
EURUSD :Major Support Trend line is broken
Hey guys! After EURGBP broke through last week or so with an absolutely beautiful Complex Head and Shoulder's Pattern, I spotted that the profit target for the H&S Pattern would actually pierce through the 0.74850 Major Resistance Level! (Pink line). Weekly also show a sharp downtrend, with the H&S Pattern head directly touching the 61.8 Fib level What...
Hey gang! Found quite a high probability Double Top right here on the Daily Chart! 1.46664 Major Resistance level has held and a bearish bar has come! What influenced my decision: 1) Weekly chart shows a downtrend I will only take trades that follow the general trend. 2) Price retracement has reached the previous low of the impulse wave on the Weekly Chart...
After bouncing from a major weekly trendline with bearish divergence,we're only looking to go short on this market.If you missed the first opportunity which was the breakout of that previous correction, another place to enter the sell would be in the breakout of this next corrective structure.This may be a deeper correction so don't rush and be careful. After...
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe? Good luck guys! Let me know how it turns out! Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
As you can see all the major indexes are an important resistance. On weekly: it has resistance at the 50 day. All our indicators have turned neutral or slightly down. We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud. During these periods we still may have candidates but you will have...
I would short this right away. With a tight stoploss.
With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
THE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER -ABC AND D STRUCTURE POTENTIALLY IN PLAY -THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT -FIB 0.618 RETRACEMENT -TARGETS WILL BE FIB LEVELS
I took a sell trade over a month ago This setup may seem crazy and unrealistic but i truly believe take profit will be hit by the end of 2016 Reasons behind this many reasons which i will not go into but if anyone would like to no why contact me i have no issues with explaining :) 8000 pips here we come
Looks like a Good Major Trend Reversal
Hello Traders After a week EURGBP hits again that major support level on the 4h chart. At this moment it looks like a double bottom but that's not a reason to go long. on the 1h chart we also have a double bottom with bullish divergence. All i'm waiting for is a break of structure to the upside on the 1h chart and a retracement (what will turn into a 2618...
1-the major trend is bearish 2- spining top at resistance 3-falling wedge @aboofeissal
AUD/USD is sitting on a major reversal spot. According to the theory there is a 80% chance of this pattern playing out. Importantly there is both time and price symmetry in this pattern. From a market psychology point, this is the ultimate contrarian trade: China stock market got sold off, so the press says that has led to a AUD sell-off, Bloomberg article says...
I think it'd be a pity to start this year without testing the famous major annual support by BVSP. Although there are some fundamentals involved, always consider this before entering a long-term trend, the government as been changed but we "wont" (we may) see any new relevant changes until march, or april. So until february, it should call for it's bottom at the...