Price is currently at the 50 fib which has a SQP confluence 123.75 Would like to see price drop down to give us that 3rd touch at the bottom channel support, which would be right below the 61.8 fib. BUY LIMIT @ 123.35 SL 122.95 TP 125.00
Had a nice retracement to the 61.8 fib where price formed a double bottom Looking for a break above and retest of the SQP 76.25
Sellers have struggled to remain below the LQP 0.725 Wait for a breakout and retest of channel resistance Scenario B: Price could drop down to the bottom of structure for a 3rd touch I'm favoring the breakout...
Had a nice break above the LQP 137.500. Let's see if this level will act as new support. It also has a 38.2 fib confluence. It's possible we could get a deeper retracement so look for some bullish price action at the fib levels.
My initial bias is neutral. Price is back above the MQP 0.9000. Looking to buy if we get a break out of the descending channel Scenario B: Price could drop to give us that 3rd touch of the bottom of structure.
Look for a small retracement and rejection at the bottom of flag structure Safe entry would be to wait for the breakout or break of previous high
Price struggled to break above the daily TL Failed to create a HH Looking to sell if we can get a break below and retest of the LQP 3500 If price breaks previous high, bearish bias is invalid
Price is currently at a LQP 75.00. Looking to buy after the pull back. Look for bullish price action at the fib levels (pink & yellow lines). Scenario B: If we don't get a pull back, look for a break and retest of previous high
Looking for a break and retest of the TL and LQP 0.6750 Pending Order SELL STOP @ 0.6740 SL 0.6790 TP1 0.6720 TP2 0.6690 TP3 0.6650
I really liked this setup so I was mad when I missed it. Another inverted H&S pattern with a SQP 78.75 acting as the neckline, which is right above the descending TL Anytime you have a quarter point near a TL, you can use them as a good entry price for pending orders. In this case we could've set a buy stop order at 78.75 with a 30-40 pip SL. Now I'm waiting...
I was waiting to see how price would react to the major quarter point (MQP) 70.00, waiting for BOB, break or bounce. My initial bias was bearish but buyers had something else in mind. Multiple rejections at the MQP (that would've been your sniper entry) Neckline break Descending TL break which has a SQP confluence 0.7125 If 0.7125 acts as new support, TP Target...
We had a nice impulse out of the descending channel triggering the buy stop at 73.988. Price broke above and retested the small quarter point (SQP) 73.75. That was a good indication that there was more movement to the upside. First TP target would've been the large quarter point (LQP) 75.00. A break above that could expose the next SQP 76.25 if 75.00 acts as new...
BUY OPP! Wait for the breakout
BUY OPP! Looking for a retest of the major QP 0.9000
BUY OPP! Would like to see price drop down to the 61.8 fib or to retest the LQP 1.625
SELL OPP! Looking for a push up to retest previous high or the SQP 76.25
BUY OPP! Looking for a pullback to the 50 fib (1.28089) or the 61.8 (1.27804)
SELL OPP! Wait for the neckline break and retest.