looking for a short after confirmed break of the trendline to the downside
I'm going to be looking for movement here in this region. 3 things could happen. 1.) Pair rebounds quickly without coming close to the resistance/trend-line, in which case I will skip this trade. 2.) Pair falls further into the resistance zone and bounces off of the trend-line. If confirmed, I will enter long. 3.) Pair falls into zone and breaks below...
I've been in this trade since 102.850 when we got a confirmed trendline break/double top (or triple, depending on your definition) situation. I hope to ride this into the next price level at 106.856. You can still get in, as the 104.081 level was broken only recently. I'll probably be placing my stop @ 106.496, a few ticks short of the headline 106.5 number.
looking for a long after trendline break ......quick and dirty
The indicators are all here showing NZDUSD had a great run up. I will be shorting it to the first trend line, if that breaks I will continue holding till the second trend line. Watch this 4h candle closely. If it closes as a bear engulfing candle then it is a sure sign of a reversal. I am also testing a new system on daily fractal trading, my current positions...
If I see a bearish candle without chasing the price i go short after the consolidation. Price is near the trendline, but actually it doesn't makes much sense to me, because there were a bullish impulse on 1st of September. GBP can break the trendline and go a little bit higher, but I don't think if it happens will be strong.
break of the black line No.1 leads to a long trade with take profit at the first green zone.. after breaking black line No.2 we can go long again with locked profits not sure if the blue trendline can hold just let us see its just very fresh
4H chart with a high wave trend indication and a trend line break looks like a good setup to short to the monthly pivot. Don't forget NFP is soon so lock in or take profits before.
AAPL Testing Trendline from back 2015 Looking for break or bounce confirmation www.iBrokers.ee
The chart on the right is showing the whole setup of this move with a retracement trendline that has now given way to the upside. - On the chart on the left, the lower time frame, we can see that price has broken this trendline, come back to retest it with a 61.8 retracement of the initial breakout thrust with long wicks indicating buyers were protecting the 0.84...
It seems that the price hit the optimal level to begin sell off. The buying back phase will start at 460 level, to form accumulation range between 480 and 510. In my opinion we will have lot of selling just before BTC halving and than, after it the price will bounce to the 680 area again. As usually, we will see the triangle forming. However I don't think that we...
With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.
Hi all, The USDCAD broke the red trendline earlier this week. I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry. I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline. Best of luck! Regards
As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure). News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.