Looking to sell @ point C around 0.7400 with respect to an inside gartley. HOWEVER, there is absolutely no reference to previous structure which is fundamental in legitimating a potential reversal zone and as such I shall wait for double-top. Thanks
My thoughts for this trade This Pair is looking very bullish at the moment. -A couple of Long term (Weekly) Fibonacci -Monthly, Weekly and Daily MA's bullish (My MA's of course) -Daily Break retest and continuation of 1.5000 Monthly Res level. Price ready for entry with liberal stop. I Will see how market opens and potentially wait for price to enter a better...
There isnt much structure to support this trade unless you go wayy back to early 2000's but if you see the same thing playing out on this let me know. I'll be takingto trade.
Price broke the desc. TL Made a 3rd bounce from the asc. TL Bounced off of Major resistance (Which is also the bottom of the weekly consolidation range price is now in) 2 Targets. 1 at top of range and one at next key res.
Just an update on the Eurusd, simple trade cont. As you can see we are getting close to entry, you could also go on to your lower timeframe and look for an entry techniques, candlesticks and so on. Good luck :)
Hi everyone, simple trade idea, the trend shows higher highs again as we can see with the 200 period simple moving average. This pair is usually quite stable waving up and down and the RSI and Stochastic show it is a good moment to long. I will enter in this trade unless any bad surprise on Monday. Any opinion is welcomed. Good luck.
Reason 1: Uptrend bias Reason 2: Trend line of obvious support Reason 3: Fibs 618 lines up with trend line
Hey people, Quick View on Gold! Red Trendlines show a nice Movement Within :) Buy the Lows! Sell the Highs! As simple as that. I plan to do that till the Daily Black Dotted line is geting Retested. (Was broken on Daily not retested yet ) LETS GO! All in the Chart!
Basically, the last few months NASDAQ 100 never got 3 ticks without a minor DD, followed by the bottom confirmation. (2x) So, everytime it goes against you, close it and wait for the confirmation, once it's up buy back and watch it fly. You'd save some few important percentages doing that, all it takes it's active control of your positions, even in the long run.
Finally made it over trend resistance and into what I hope is a new bull session. The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June. I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what...