A good opportunity to get short, and also to "hedge" my NZDCAD long position. Break of pennant to the downside, broken line as resistance together with structure. Fibo 38.2 and 61.8 falls neatly together. Simple trade!
Inside a forming bullish pennant we find a opportunity to get long with retest of trendline/lower pennant line which should act as resistance, together with the completion of a Cypher-pattern. I entered 0.95435 with target at 0.95633 Stop loss below previous support.
I'm basing this idea on two main keys - Bat pattern - Broken bullish trendline (lower pennant line) .. And the bearish rotation supports the idea together with previous structure zones which should act as resistance. Lets not forget overbought conditions! Second scenario, and one that would stop me out, is the retrace into pennant before continuing its...
My reasons for entry: Completion of bearish Gartley (D) D also coincide with broken trendline which should act as resistance We have a lot of previous support which should aswell act as resistance. Placing my target safely above previous proven support areas looking back. I could ask for more as for taking profit, but I rather take small safe pieces at a time...
Falling trendline together with structure as resistance. SL above hiher falling trendline. Target just above previously broken support/bullish trendline
Inside bearish triangle / pennant we find this opportunity to sell at the retest of the upper falling trendline. I place my take profit just above previous support and above 61.8 fibo of the leg.
This is why I never listen to the crowd. Everywhere I looked during the past days theres been loud talk(screams) about shorting eurusd. A few short-term on lower time frames I can agree on, but overall I stuck to my plan which I executed 2 weeks ago. My reasons for entry where: Gartley formed previously with D completion above my entry, with X not yet...
Why? Broken bullish trendline, should as act resistance. 61.8 fibo retrace Structure, previous support, should act as resistance Bearish trendline, should act as resistance What more would I want? I'd prefer RSI to show even more overbought, but still, enough to hold my case. Taking profit above previous structure support. NFP tomorrow, but since this trade...
Double top followed by break to the downside. Selling the retrace with falling trendline as resistance together with previous structure-zone. Looking to take profit above 61.8 retrace of the leg. Stop loss above highest of the tops. Since is NFP tomorrow I will definitely be on the lookout.
Entering at 115.580 on following basis; Advanced pattern - Bat - D completion. In conjunction with the completion of the Bat we have bearish falling trendlines (long term + short term). We have structure and on top of this we have RSI showing overbought. Target is 38.2 fibo of A-D leg. Stop loss at a level where Im considering myself to be wrong. - Above...
Hey traders, I'm looking to grab a piece from this opportunity. Reason for entry: Cypher completion D + Price failed to close below bullish trendline despite several attempts. + Double bottom in area of cypher D closed the deal for me. Entered long at 1.29800 Target based on 38.2 fib of C-D leg (adjusted for the entire move)
We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance. Looking at the hourly...
Break of bullish trendline acting as resistance together with previous support levels also becoming resistance. +Fibo 61.8 who rejected the price going further up. I would like the RSI to be higher, but the above makes a case strong enough for an entry. Target - structure together with previous falling trendlines which could act as support. I will watch this...
Bullish gartley completed at D leg, buy order pending for a retest of bullish trendline (bottom of the bullish pennant) With the gartley completion we have; Oversold condition Structure(support) Bullish trendline (support) Marked my stop loss and target levels. Happy gold digging
Close below bullish pennant. Same trendline acted as resistance which gives us an opportunity to get short with target at previous low. Stop loss above doji.
A bearish cypher heading towards D completion. SL above D and aiming for 2 targets. First at 38.2 of fibo C-D and second based on structure and bullish trendline. Once we reach the green-marked zone below I will go bullish on this one with target 1.00500
Selling at 1.1350s with a completion of a bearish BAT. SL safely above several previous structure points looking back. Target at 38.2 fibo of C-D leg. Around 1.1120 i plan on getting LONG where we have bullish trendline together with previous support and a series of higher lows. Final target 1.16000
Cypher completion at D. Selling at 1.30418. Structure on multiple points should act as resistance (see circles) RSI overbought Target zone at 38.2% fibonacci C->D Leg and above previous support. Happy trading!