$AUDCHF against the SMA200 again after 2 failed tests
Pair: USDCAD Prediction: Sell / Short
Pair attempted a bullish triangle breakout but failed Price broke out of bottom triangle trendline Price re-tested top resistance level for a sell limit entry Sell Take Profit is a previous support level @ 1.8575 SL above resistance level
If we can see another rejection in the next 2-3 candles, then selling will be an excellent opportunity
PT: 10.07 ≈15% below current SP, safe bet, in down trend channel, bouncing off supply line. Shares short increased last 2 weeks by .89% to 23.17%
With the head and shoulders formation we could see continued downside.
Dear Investors, we spotted a bearish Wolfe Wave in the weekly USDCHF chart Until now there´s no final entry point but get prepared. The best case would be another push to the upside and than a nice drop. We´ll update this Idea as soon as we´ll enter or get a final entry point. In the worst case scenario we´re still able to get at least 200P in the best...
We've broken out of a bearish flag on the daily timeframe so I'm expecting a retest of the 83.60 - 84.00 level before we continue downward towards 79.00. With CAD weakness we may not even see a retest of those levels but I'm personally going to be patient and hopefully get a retest of at least 83.60.
H and S formed. Breakout of neckline was re-tested and was obeyed to become new resistance level. Bearish momentum picking up as we edge closer to the trendline. Blue line is entry, Red is Stop loss and Green is Take Profit. 2.5:1 Risk reward.
AUDUSD formed a head and shoulders. The neckline was broken forming the H and S. The re-test was obeyed and bounced off the neckline confirming resistance. Bearish momentum starting to pick up steam to move to the trend line. Blue line is for entry. Red line for Stop Loss and Green line for Take Profit. 2.5:1 Risk ratio.
Hi Guys, Normally I dont like to watch the lower time frames, but this time the market is so volatile that I think there is good reason to watch the patterns on small time frames too. What I am seeing is that the pump yesterday was the third leg up in the Elliot wave. Now we have seen a complete Elliot wave up. We are therefore in for a correction. I believe...
Another clean setup on the USDCAD pair. This time we have the Bearish Bat Pattern completing at 1.3318 price level, which I am interested to add on to my existing long term position short. Entry price: 1.3318 SL: 30pips above Point X TP1 and TP2 as shown on chart Extended targets at the completion of the Bullish Bat Pattern. Do like and share this post. Follow...
I have tried multiple times to short the S&P500 this quarter with little success. 4hr & 1hr trendlines that were broken then appeared to be fake outs and the index just kept on climbing. Resistance zones held and then failed and it has been quite messy. That being said, the power of R:R ratio always comes through and the higher it climbs... the more it has to...
Ideally this scenario is backed by sentiment towards gold. XAUUSD is falling from a Weekly supply zone, acompanied by a strong BEARISH ENGULFING bar on Weekly timeframe. Suggesting a strong push towards the downside.
Hey tradomaniacs, welcome to another free signal! Important: USD/TRY is a mess and hard to predict! Keep your risk very low! ----------------------------- Type: Day-Swingtrade Sell-Stop: 5,36331 Stop-Loss: 5,39203 Target 1: 5,33242 Target 2: 5,31491 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace...