Murci

Murci

It may start a pullback nxt week Confluences: Triangle pattern Bullish Divergence

Murci

short term opportunity : Price broke its counter trendline and came back to retest it. a new bounce off it will give a decent setup for a long trade.

Murci

Wait for price to break and close below neckline before implementing any trades. A break above current channel would invalidate this trading idea.

Murci

Confluences: 1. Break, close and retest of trendline 2. Bearish divergence 3. Anticipating an H&S pattern

Murci

Confluences 1.0.618 fib 2. evening star formation on the daily 3. break, retest and continuation of a counter trendline 4. H&S pattern 5.Fib cluster target

Murci

Confluences identified: 1. Bounce off a fast trend line 2. break and close below counter trendline on the 4H 3. MAs crossed over on the daily and 2H and about to close to the downside on the 4H 4. strong bearish momemtum 5. Approaching a Fib cluster before possible pullback

Murci Updated 

Price is currently at a 0.618 fib retracement level, which may be a (B) of an ABC Retracement. If it is the case, Now I expect a bounce offf this trend line and towards C. I would like to see some bullish momentum on the 4H chart before entering the trade. There is an inside bar formation on the 4H chart, so I will wait for a break and close above that level in...

Murci

I am waiting for the C leg of this ABC correction to be completed in order to implement long trades during the next impulse in the direction of the main trend

Murci

Simple trade, bounce off a trendline, ABCD strategy. Let's see how it goes

Murci

I expect Aussi to retrace to a key retracement level before going back up again for a potential C, this would be a C for the ABC formation following the X (so it could also be called a Z from an YXZ) move and it would also be a (C) from the weekly timeframe perspective. Thus there might be a good long set up after touching a key fib level in alignment with a ...

Murci

it looks like EURGBP is going through a flat correction at the moment. There may be good opportunitties to go long if it bounces off the expected point c of the ABC correction...we will see...

Murci

It looks very likely that the AUDUSD will revisit its support level at around 0.7170. If it closes this area of support we may expect it to retrace even further to another Fib retracement level before we see a rebound to the upside