Reasons : Fibs Previous Structure AB=CD completion Bat Completion All on higher timeframe Head and Shoulders pattern completion. 1Target as higher timeframe has seller control. Stops can be tighter for some but rules say to place under technical low.
This pair hit some daily resistance and has now broken out of a consol before forming some higher highs and higher lows. My prediction is that we will be testing the 145 mark so I am on the lookout for shorting opportunities. There are multiple shorting reasons aligning near the 148 mark : AB=CD completion Bearish bat completion Upper zone of a downtrend...
This pair has just broken past a solid resistance in the form of a 4H head and shoulders pattern to the left so my thought is that we are headed to the next level just below 132 flat. We have a nice trend on the 1H and has recently seen a double top where price was unable to push through. This signals a potential relief for me and if the yellow line is broken and...
EURGBP has started a downtrend (structurally speaking) I believe our ultimate destination, aslong as the downtrend holds below the 90 level, is 87. As a result I will only be looking for bearish opportunities down to 87. The yellow zone shows my area of interest.The zone contains the 89 flat level which also aligns with a nice S/R flip zone + the completion of...
Pair is down on daily and has come into previous trend structure on 4H where it has been met with a great S/R flip zone + the 50 EMA + aggressive break of the trendline. Stops are half ATR above the consol that was just broken.
Daily = down Double top at 1.16 flat handle. 2 targets, move to breakeven if T1 is achieved.
This pair looks to have resumed its downtrend and I am looking for a retest of the formed bottom. 1 HOUR Bat pattern, ABCD, 1618 extension have formed within previous trend structure. Dont trade patterns in isolation but do take them with other confluences in trend continuation situations like this one. 4 HOUR (see screenshot) Price has failed to hold above...
Reasons : 1. Daily tells me we are headed to 128 2. Downtrend channel 3. Double top at the highs of channel (1 hour) which happens to be at around 130 flat 4. Nice pinbar (4H) signalling rejection of prices above 130 Not entered yet, waiting for a small pullback on the current candle Stops are placed 1ATR (1H) above the initial test of double top (=Pinbar on...
This pair has picked up momentum to the downside again after a counter trendline break & I expect a possible retest of the outer trendline area/resistance before continuations to the downside. I believe the eventual target before a possible reversal will be around 0.725 where you will find a strong support level in addition an 886 retrace on a larger move nearby +...
I trade 2 different strategies , one for trending market (BC) & one for consolidation (SHS). A special situation has occurred here where I have a signal from both strategies to long. As I trade both of these as separate entities with separate risk allocations, orders have been placed for both strategies. Unfortunately, the entry requirements for the strategies...