Fibs, Candle patterns, Retest, Time - Plenty of ticks in my boxes to put this down as a high probable trade to the downside.
Any reasons to get short with your entry rules - Go for it. Sell stop would be the best method for entry whilst catching 'hopefully' a strong momentum candle.
Looking for price to give us another pullback & show some rejection at the low's with some nice wicks & an engulfing candle to confirm the trade.
Indicators showing divergence indicating loss of momentum to the downside.
Possibly making a corrective structure which would give a nice move up with an even better move down to follow.
Long term view so make sure stops are big enough to catch the move.
I will be looking to go long around the area of 110.000
Good luck :)
Nice clean chart that broke a trend & now re-testing the previous support - no resistance?
Im looking for a nice momentum candle to the downside on the 1 hr chart & this would be a nice trade.
Indicators also supporting the move.
Good luck & Happy New Year :)
Price very over bought & near to a down trend line that's held as support. I will be looking for a momentum candle down to enter. Pretty straight forward setup. If price continues to the upside then void this trade... Momentum is what we want - down she goes. Good luck :)
We have seen a nice double top form, price dropped, then pulled back to a 618 Fib level, this could be the perfect setup for a 2618 trade.
Momentum down would confirm the entry then if we break the neckline, I will be looking at targets of -27 & -618, possibly ride it down further if the wave is strong.
Indicators support this move on the 1hr time frame. Good...
I will be looking to get involved in a long trade on this pair. Indicators are supporting a move up on the higher time frame. I can see a possible short term move down first before the break of the pattern to the upside. As always, look for a momentum candle up to confirm your entry. I will also be looking for price to break out of the current descending...