Target first on the upside 136.300 then potentially 136.500
Target being on the downside of 2.064745
Target on the upside of 138.800 then 140.000.
Possible long set up on EUR USD with a gartley formation.
Downside target of 1.22700. Stops should be placed above 1.23950.
First Target being 0.75300 then 0.74500. Once 0.74500 has hit our next target would be 0.73000 however PA must be confirmed beforehand. Stops for swing traders should be placed above Resistance around (0.76300)
As Explained in previous posts, our psychological target still remains at 1.2000. On the opening of the market we can expect price to drop tp trendline (1.10500). However, if price breaks below and closes below the trend line and red horizontal level then we can see further bearish momentum. As Explained on the chart, we have a descending channel representing...
Ascending triangle forming on Crude Oil at the moment. target 1 61.00 if the ascending triangle is broken at 61.55 we could look at targets at 62.85 and 63.55. Good risk reward ratio for this trade
In the AUDJPY, we can see that after a sharp upwards move, it has had difficulty breaking above the 96.7 resistance level. This lead to the formation of the highlighted ascending triangle. With major consolidation in the last couple weeks, and even maybe for some time to follow, we can possibly expect to see the pair break out and continue its move up.
As outlined in the previous posts at the beginning of the week we outlined price would drop then continue it bullish momentum up to our psychological target 1.2000. We have a bullish harmonic pattern with oversold on the stochastic. Waiting for the bullish candlestick confirmation. Safe stops would be below "X" and our first upside target being 1.12800-1.13000....
At each Take profit PA must be confirmed to either add to the position or take profits. Stops should be placed around 2130.
As explained in previous post we explained that EURUSD would drop then continue its bullish momentum up to our psychological target of 1.2000. For a Day trade you can set up as follows: Short Order Entry: 1.13300 Take Profit 1,13200 Take Profit 2: 1.12800 Stop Loss; 1.13750 TRADE AT OWN RISK***
First target could be 0.95550 then our target on the extension 1.618 (0.96200) can be met. We then can expect a retracement to the 38.2% 0.95700. Stops should be placed below the previous Low.
Analysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the...
Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure,...