btwright16

btwright16

4HR trendline broken and retested before flush to the downside. Large Daily engulfing candle from yesterday showing us shift in momentum from bullish to bearish. Waiting for a retest of the 4hr zone as support signalling a short opportunity with max target of 1.24000. Wait for clear retest and rejection before entry. RR 1:3 with stop loss shown. Second stop loss...

btwright16

Looking for a measured move off of the 61.8% retracement to complete 5th wave. Measured retracement into H4 zone and H4 trendline for a buy towards fib extension and daily level. RR: 1:2.8

btwright16 Updated 

GBPUSD has closed under daily level. we have had 4 wicks to the previous 4hr highs before closing back towards the lows. pair could possibly fall back down towards next daily level. RR = 2.6 SL above 4hr highs Take profit at 4hr levels

btwright16 Updated 

Looking for GA to hold 4hr zone and Buy. SL below previous zone. RR 1:4 Waiting to see reaction of zone before entry.

btwright16 Updated 

SET UP ON HOURLY TIMEFRAME. LOOKING TO BUY OFF ZONE IF REACTION OFF ZONE MEETS CRITERIA. RISK/REWARD = 5 PROFIT TARGET AT PREVIOUS 4HR HIGH AND 2ND TARGET AT DAILY LEVEL SL JUST BELOW PREVIOUS WICKS TO TEST 200 EMA.

btwright16

Looking for move down from 4hr Zone to Daily Level. in line with descending trend line

btwright16

Bearish trendline on H1 broke. Ran fibs on bullish move that broke trend line and previous high. looking for Buys off of the lowest fib point in line with S/D Zone. RR 3.5

btwright16

Intraday long on GU. Strong area of support if 4hr closes above or in zone will be good signal to buy. sl below next zone. RR over 2.

btwright16

Possible short opportunity on GBPUSD. Looking for a entry around the 61.8 zone. zone was previously very strong area of support and resistance. if price can come up to that level and reject the price of around 1.29800 we have a set up to go short with a RR ratio of 3.

btwright16 Updated 

GBPUSD has strong daily support at 1.29800-1.29900. The same zone has confluence with the 618 fib level. If daily support is respected then we could see price move towards 1.31500 area which is in alignment with the fib -.618 extension. RR 4.25.

btwright16

Buy entry from strongly held support zone. Targets at recent Daily highs which completes the consolidation zone.

btwright16

After Brexit news on Friday we saw a large bullish move. We have seen a retracement come to the 618-700 level. I am now looking at the possibility of GU reaching the fib extension as we have not broken previous bullish structure to indicate we are looking for shorts. Tight stop loss with high reward TP at the weekly trendline.

btwright16

GBPUSD short opportunity upon the release of news on the day the UK leaves the EU. we have seen the .618 hold on the 4hr time frame and daily with nice rejection. News could mean we break our recent lows and head towards 1.28000.

btwright16 Updated 

Looking at a bearish bias to take GBPUSD down to near 1.28000. Daily Fib reaction on the 618 and again on the 4hr fib. If zone and trend line breaks we can expect a bearish run downwards. Also considering UK leaving the EU on the 31st of January, this could help us move downwards towards our target.

btwright16

looking for a bounce off of the weekly trendline in line with the .618 fib retracement.

btwright16

break of uptrend. Looking for retest off of the trend line for a sell off.

btwright16

Looking for a 50-61.8% retracement of the last bullish move. To break above the triangle and to retest it before a continuation upwards. Broke downwards trend on 1hr chart with a higher high.