Price has broken structure and has given us a bullish engulfing candle on the 1 HR TF. Had an extremely steep retrace but price has found support at a trend-line which is also that 78.6 retracement area. Multiple TF analysis here with an entry from the 15m TF gives a tight SL but a huge gain. R:R is 17.5.
Price has surged upward and momentum has slowed a bit so a Fibonacci retracement is always my go to. Im expecting price to retrace to at least 50% and of course we have quite a bit of confluence in that area so It has to be the most optimal entry point. If price hasnt made its final surge upward, I think this is still where I would like to get in the market. The...
Price has retraced back to the 78.6% level and price has been considerably bullish so you know what that means. Fib extension levels for TP.
Pretty easy setup here, Fibo from swing low to high to measure the move. Retracement expected back to the gold zone before continuing momentum to the upward side.
Price has been bullish and has recently rejected from the 61.8 zone so I expect price to continue upward to the 161.8 fibo extension level.
Price has found support at a major level and retested that level 3 times. This level is also our golden 50-61.8% zone. Talk about CONFLUENCE! Pinbar has also printed right on a zone and it only makes since to follow the trend upwards from here. But what I do see is a possible head and shoulders pattern forming so this setup actually has the potential for 250+...
Price has already broken below a zone and retested the level once already so Im hoping to get another retest of that zone around the 61.8% area based on the most recent swing high and low from the 15min timeframe. 10-15 pip SL MAX. Wait on the proper price action before entering trade(bearish engulfing, bearing kangaroo tail, doji). Trump just signed an executive...
I want to see price get back to the golden zone before going long for the max amount of pips. No reason to not follow the trend here.
Price has rejected from a resistance zone about 4 or 5 times with a few fakeouts which leads me to believe that the current price action has created a head and shoulders so we should look to see it reverse to the down side. Price is also creating an ascending triangle and has respected the bullish trendline I've drawn so we could also see some rejection from this...
Possible scenario, i don't like the current price action for this setup but will see how the current candle stick closes and go from there
I want to see price break to the topside of this triangle and come back and retest the trendline and maybe give a doji or bullish kangaroo tail before going long. With corona going all haywire again there could be some bearish sentiment on the fundamental side of things.
Price has been trading in this range, lets see if price respects this range. Going long from support to resistance. Go short from resistance to support.
Price has rejected from a trendline and also from a support zone where both have been respected quite a few times.
Price has retraced back to our golden 61.8% zone and has shown enough rejection for me to enter a sell to the next zone.