Green area is a Price Reversal Zone (Prior Support now Current Resistance). We have a Harmonic Pattern and a Teacup and nice touches along the upward trend line. Easy Setup and trade to get into.
AJ teacup short with clear SL, Entry, and TP. Very similar to my GJ teacup short analysis. Easy setup.
We have a Teacup that has formed at a key Price Reversal Zone (prior Support, Current Resistance). SL, Entry, and TP in the chart. Pretty easy setup.
See chart for details along with the previous post analysis.
We have some very strong areas here where the price is automatically attracted to (Confluence areas). We have a very strong uptrend as noted by the rally lines (RL) and what I am looking for is to have those lines tested and broken. As they are broken I am expecting the price to be pulled to the next RL. (Bias is a Bearish Expectation) The strong confluence...
Compare to my previous posts, look what the price has done. We also have a nice bounce and retest of the LP of the PF
Price broke through support (median) and is finding resistance at a key Fib level. MACD & RSI both have a bearish bias.
*Disclaimer: Trading is risky. Do not trade money that you can't afford to lose. Past performance does not guarantee future gains. This is not a solicitation to invest in any market. The information provided here is for educational purposes only.
Looking to BUY GBPUSD once full divergence has been realized with 1) Price first and then with the indicators. We already are showing that divergence is beginning.
Expecting Bat Harmonic Pattern to play out and then for price to UTURN at major PIVOT level. SL, TPs all set in Chart.
Harmonic Shark Pattern - Wanting to see a clear divergence between the Price and the indicators AS well as a clear CTB (counter trend line break). All things must come together before I enter the trade (Confluence). You can see the projected D is at or near the upward trend line.
We have some good touches across the PF and HTs. I have my Min/Max Entry Points with SL and TPs. Overall expectation Bullish.
My Trading Plan: Looking for Price to make a decision at 145.599. This is a major PIVOT area for the price all the way back to 2008. Bullish Bias: IF the price breaks above I will look to buy to the next HT and adjust if the price breaks above or pushes down. Bearish Bias: IF the price breaks below, I will look to sell to the next HT and adjust if the price...
I am looking for the price to reverse at or near KEY magnetic prices point areas (Entry Max - Entry Min). I have set TP levels at KEY magnetic support areas.
I am looking to see price reverse at this key resistance level. Looking for MACD crossover of signal line and histogram for confirmations of bearish probability.
Correct D-extension entry on the chart as it wasn't correct on the original submission, magnetic tool pulled back to the last low. My apologies.
Looking to Buy GJ off of a bounce at Key Support area. TP (key magnetic Fib levels) areas highlighted.
Looking for Price to reverse @1.14 prices area and then head north. R1 -> 1.14125 R2 -> 1.14161. If price does break above, test and continue northward from R2 -> 1.14161, then I am looking for price to hit the 1.14328 (2h Supply Level)