supply zone should send price lower... enter after TL break ..also retesting the TL flip from an older upward trendline
NEW SIGNAL- Type : Pending Order Date : 22.7.2016 Time : 12:00 GMT+1 Technical : Daily BEOB at strong supply zone, with trend following Pair : USDJPY Timeframe : DAILY Trade setup : SELL STOP Entry at : 105.398 Take profit 1 : 100.00 ( 539 pips ) Take profit 2 : / Take profit 3 : / Stop loss : 107.891 ( 249 pips ) Reward risk : TP1 – 2:1 TP2 – / TP3 - / Our...
Correction looks like standing at 50 day simple moving average. 4H RSI OVERSOLD. 4H MACD BUY..
5. WAVE SEEMS FINISHED.. SO UNLESS NEW HIGH SHORT.
No reason to short now as it has broken out of consolidating flagpole. Expected to surpass 3 by this week.
Buy incase of a breakout above Resistance # 2.
2.7750 for Long Term.
Possible Fibonacci Channel in which the price is about to clash with support. Incase of a break under 2.88, it would be unwise to hold a long possition until proper support were to be met
My Idea (More-so speculation) on what might possibly occur based on the short - mid term. Short Limit 2.9950, Stop- Loss: 3.00600. Take-Profit: Meh? Indecisive. If 3.0050 is broken, Buy Stop: SL: 2.97, TP: 3.0550
EURGBP is nearing the PRZ of a bearish cypher. The PRZ may be confluent with 2 trendlines, one wick to body and one wick to wick and may also be backed by additional resistance from structure highs and 1.13XA. Entry is placed at .786XA with SL above structure high and targets at .382 and .618 retracements of the CD leg. Confluence in the PRZ: Bearish...
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...
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test