Currently short GBPAUD. We have 3 consecutive missed 8 hour pivots marked by orange lines. My target is the most recent one. Testing a nice level on H4.
USDMXN Long Idea Currently the pair has missed two consecutive monthly pivots. We are approaching the end of the month and the third monthly pivot (currently still forming) is currently at 19.28. Looking for long opportunities to buy long towards 3rd Monthly pivot. I have a buy limit at 18.95 (1 Unit Long) and one at 18.50 (5 Units long) Stop below 18.00
We are 100+ bars since a touch of the 200 EMA and vertical spread between price and EMA200 is getting very over extended. I am fading this move and going short. Targeting the 200 EMA.
Based on monthly chart, this could be a good area for selling.
Topping action evident on 4H chart with big price swings. Entering short on the break of the trend line. Targeting second trend line below.
Reversal Setup Entered Above the 8 EMA at 1.52. Worst case stop is set at 1.39 Target: 1.77
Reversal setup in motion. Stop just below the previous candle 6.71 Target: 9.35 zone.
Entry here. Waiting for break above 8, then i will add to my position. Stop below 7.20. Target: 9.00
Entered here Stop below the previous swing low Target at the previous swing high. In hindsight, this formation does appear to look like a head and shoulders. I'm going with the idea that the higher time frame is still in an uptrend as indicated by the trend line.
Bullish Engufling near trend line support. Stop below wicks and trend line. Target set at swing highs.
May have chased this one a bit. Scaled into the position here. Target = Swing Highs.
Buying support coming in. Two possible ways to play the long side: 1) Wait for hammer to confirm and buy above the highs of the hammer with stop below wick and target the swing highs. 2) Wait for a retest of the trend line and buy when price action confirms. Stop below the previous swing.
Entered on a strong reversal candle. Target near second resistance level 1.51683
Price presented more than one bullish candle formation in the past week. This last candle is engulfing 5 of the previous candles with volume behind it.
Reason for entry: Bullish engulfing candle. Sellers tried to push the pair down this morning after retail numbers but failed.
Criteria selection: Pair started to print higher highs and higher lows on 4H time frame. Trade entry description: I wanted to enter the on a pullback closer to the .78187 zone. Originally I had a buy limit placed in the .78187 area, the buy limit did not trigger. My decision enter the pair was after it had formed a long wick with a successful test of the...