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 ...
Price broken through a resistance level, now pulled back to retest the line, so old resistance turns support? If we get a nice momentum candle to the upside then it will be a good reason to enter.
If the new support doesn't hold, then I will be looking for a break & retest followed by new momentum candle down before going short.
Good luck :)
Here's my updated outlook on this pair for the week. If price decides to turn around & head up, then I will be looking for price to target as near to the purple line as possible before taking a short trade. I am bias short for this pair so will only trade the momentum down. Saying that, if I see strong momentum candles upwards & a change in structure, then I will ...
Currently re-testing the old support, now possibly the new resistance level. I am looking for a nice momentum down to enter for a short trade. I have drawn blue arrows as to how I predict this will go. If it continues up & breaks the resistance levels, wait for a retest to create a new support before entering long. Always remember - Momentum , momentum, momentum & ...
This pair been dropping nicely & formed kind of a big falling wedge pattern. Once we get a breakout I would expect this pair to rocket up.
Watching it closely & hopefully get a nice trade to the upside. Good luck :)
Price has touched the 50 Fib level which is the start of the sell Zone. Now i'm looking for good momentum to continue to the downside.
I'm already involved in this but if you're not, look for a bearish flag pattern, this WILL happen eventually if it continues down.
Indicators support the move down. Stops to break even once in good profit. Good luck :)
Just a quick look on what I'm expecting from this pair. After a big impulsive move up, it wouldn't surprise me if it dropped down towards the trend line before another move upwards. Arrows drawn up in blue so you get the picture. This pair is not on my list to trade at the moment, but will keep an eye on it & update if I see anything worth considering. Good luck :)
Ending Diagonal pattern & was already bearish on this pair, so a perfect opportunity to get involved. I will wait for momentum to kick in & break the pattern to the downside then enter.
This pair is very over bought on both the 1 & 4 hr time frames which supports this trade.
I also have the current price in a sell zone between the Fib 50/618 on the 1 hr chart ...