On FX:EURAUD , the market moves sideways on 1H bars. Sellers (bears) are in control of the price today, but there is no clear bearish trend. The price is getting close to structure low at 1.4958, which acts as resistance. It can be assumed that some sellers will lock their profits at those area and some buyers will step in to buy at structure low, which push the...
Fed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also. Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this...
Update on USDCAD: Recently failed to make new structure highs on lower timeframes, therefore expecting retest of the recent lows. The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern. Stop and Targets as shown, but follow your plan and rules of engagement! Like it if you do. I appreciate this! Felix Website:...
TCT Trade Eurusd With Better Risk To Reward Now finally with alot of Febs and rsi divergence buying right their
Even i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even...
GBPUSD Sell Setup Pair is about to complete a triple cycle up. We can look for short setups near the 1.45 zone with bearish divergence on top. Great risk:reward ratio here! Protect last high created. Target 1: 1.4370 target 2: 1.4280
Price is under bearish divergence. There is strong resistance on the way. If we get one more top on MACD histogram near the trend line and the resistance zone marked on the chart preferably with a false break we can go short. Final target would be the 50% of the whole move
Just checking up on my charts for the week and after the close for the weekend before we got a tidy set of tweezer tops on some strong resistance on 1.3000. I'm only going to look for a 1:1 RR on this trade because I'm going counter trend on this as we've just had a breakout past the long term bearish trend line shown. Looking for price to retrace back down to...
Updated version of my previous analysis (previous idea is linked below) Crude provided us an excellent entry this friday when it bounced off pervious high, leaving us with both resistance area at 38 and structure. This is a perfect chance to get in at the bottom with a target up to 43.40, thus completing our 5-wave correction pattern aswell as a 3-legged move...
Not too much to say about this one: Nice Bat Pattern within Trend meeting previous structure. Also got divergence, higher timeframe retracement and 1.618 Fibonacci Inversion. Good luck in the markets. Felix Follow me here! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Hi There, It has been a while since I have posted anything to Trading View, apologies! I spotted this setup over the weekend and it seems to be playing out how I would expect. The new highs printed last week at 0.6850 indicate that this pair may move higher, or at lest retest last weeks high price of 0.6860. The red and green boxes show where I would be...
Hey Traders, as i walked through my pre market analysis, this setup caught my attention. I firstly identified the structure on the daily timeframe for a possible trend continuation to the downside. I then switched to a lower timeframe and identified the double top, with fibonacci confluence and bearish divergence on the rsi. We've got a retracement, an extension...
"Who is in control of price?" i will ask myself this question to make sure i take the correct trades and think about the trade in more details... what i see here according to price action its a nice bullish preceding trend that gets stuck on an area of resistance (which is full of sellers) and shows me this beautiful indecision candle or almost-dodji candlestick...
Slightly overrun cypher pattern, but still enter the trade as this only makes a better risk/reward ! There is a level of resistance that has hopefully been hit, as indicated on the black line. Fundamentals If this cypher works out then it will be based on a relief rally after the awful data from the ECB.
Potential Reversal Zone at 2.1236 with potential targets at 2.1640 and 2.1885. For the brave souls that choose to take this trade, stops should be below the 2.1075 level.
Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...