retracement

ROI_Ky

DAILY/4HR Inverse Head and Shoulders Top formed. (Head and shoulders top after a bearish move, signalling continuation.) Right shoulder formed, and crossed neckline, meaning we missed the breakout entry, however, since I have a strong enough CTS score I am looking for a pullback final chance entry. CTS Scored as follows - Neckline Break - 1 Point Left...

Trapboy

looking or the next impulsive wave down, as we have a 3 touch ascending channel right at the 3rd touch of larger flag.

Finchster24

Awaiting candle confirmation before placing sell. Let me know what u think👍🏼

harryspencer

GBP/CAD at retracement level. Following a large drawdown of 160 pips, the GBP/CAD is at the 0.5 Fibonacci retracement level. Previous false breakouts have occurred on the 4th June and 8th June - price action tends to repeat itself so this breakout below the trend channel is likely to be false too. The hourly stochastic is giving an oversold signal, along with the...

forex_prodigy

Good Afternoon Traders. Who's Ready To Make Some Money? This is my setup for today. There's still a lot of bullish pressure in the market however i feel the markets needs to correct before continuing with the trend Reason for trade: - Price Over Brought - Strong Wick Rejection on the 1hr - Strong Resistance Level (Respected 3-4 Times) Advice When trading pull...

Wicktator

Waiting for a pullback to the trendline or a deeper retracement.

woolleyfx

Bearish Channel And Broke Resistance Retest Due Of Both Also Between 61.8 & 78.6 Retracements Watch Out For NFP & Any Other News

FatPandaCapital

Trend continuation following period of retracement, large engulfing candle does not provide sufficient risk to reward ratio 1:3 hence open if price retraces to 50% of the engulfing candle. Take profit is 162% Fibonacci extension.

woolleyfx

Entry @ $0.20569 SL @ $0.20110 1H Closed With No Wick At Prior Resistance Turned Support Also 50% Between 61.8 & 78.6 Retracement Levels

Wicktator

Price broke out of descending wedge. - Now in an uptrend - Waiting for bounce on trendline support and 618 fibonacci

Trapboy

double bottom of flag approached there structurally with a 3 touch descending channel filtered on the 15M, risk entry on corrective candles or retrace candle

TradingWithFK

What we see forming his a W Pattern which is normally traded big big banks and institutions who liquidate the forex market the most, so typically you want to trade with them. We put take profit at the W's Neckline as when Trading the W pattern you tend to typically do this plus we see a break of the trend line and possible retest off the trend line where our...

TradingWithFK

As predicted on my last USD/CAD post i said there would be a pullback on the resistance line back to the trend line where me and my client did a sell which led us over 50+ pips of profit which then I predicted after the pullback on USD/CAD it would then rise due to it retracing of the trend line back into its original uptrend which i sent out a buy signal and once...

gibbsys

Hi guys, a nice retracement here as it bounces off R2 here. Be careful as always when taking a trade after a big rise. But with proper risk management profit can be made

Wicktator

618 retracement Zone Daily 50EMA

Wicktator

Await retracement and then draw fibs and go long on the bounce

YFXK

100% PRICE ACTION Hey guys, one more forecast for the week. Here we can that price is moving in an uptrend for a long time. Price couldnt break above the high it created and so began its move down. Price then began to create a correction (bearish flag). Price created a key structure at the 50% retracement area of the fibonacci, indicating a strong structure. as...

SNIPERishraz

First of all, let's not forget that NOTHING is guaranteed when it comes to trading, and MUST ALWAYS TAKE RISK MANAGEMENT PRECAUTIONS - NEVER RISK MORE THAN 2% OF BALANCE PER TRADE - ENTER AT OWN RISK! Let us continue. So, where does Gold come from? Sadly, leprechauns don’t exist, so we won’t be finding any gold pots at the ends of rainbows. How is gold...