Reasons to buy
- Price broken descending trendline and broken out of the triangulating bullish pattern
- Price filled the 0.6 fib retracement
- 5th Elliott Wave expected
- Price squeeze indicating volatile move soon
Targets set at 1.6 & 2 Fib extension, proven to be very accurate in the past
Expecting Price to pullback to the broken neckline of the previous ascending wedge. Strong downward pressure on the daily time frame after a series of bearish candles. good risk reward potential on 1:3
Price had previously formed a head and shoulders pattern, it has since broken this pattern indicating a possible trend switch.
Price has also broken below the cloud on the daily and completed the Elliot wave cycle.
I've opened a buy on gbpaud, price has entered the buy zone and given a price action signal. Will continue to have a bullish outlook unless price falls below the blue line. TP levels positioned at swing high levels.
Price is entering sell area, no position currently open but will open one once we get a price action signal from a lower timeframe. If price breaks blue line without giving a sell signal then trades void.
Looking to add a short position. Pinpointed sell zone for a potential short trade in order to minimize risk. Price is likely to continue south without entering this zone. If price does enter this zone then i will look for price action on the lower time frames to indicate my entry and stop. If price goes above blue line then all short set ups void.
NZDJPY has huge downward pressure and am expecting it to drop over the next couple of weeks. We've double topped on the daily time frame. Looking to get in at optimum price and i am expecting a retracement into the sell zone before short is opened.
Price has entered the sell area and shown price action on lower timeframes indicating a downward trend continuation. 3 TP levels shown with stop loss above the red. If stop is hit, i will keep entering shorts until price passes the blue line (based off price action)
Price has completed daily retracement back into our sell zone, price action on the lower timeframes indicate that a downward continuation is expected. Again 3 TP levels displayed, SL above daily high and the top of our selling period at the blue line.
Price has made new daily lows and begun a retracement, expecting price to continue downward trend following this retracement. I am looking to open a sell position within the sell zone and have outlined 3 TP targets that i am aiming for.
Expecting price to continue in downward trend, 3 TP levels set. Initially one sell opened with stop at red dotted line, if this is stopped out I will continue to open sell positions within the sell zone if price action presents itself.
Price has broken the trendline and looks to be making a move long. Price has double bottomed and made a higher low on the last swing low and downward pressure looks to have slowed. Have positioned a very tight stop loss as i am expecting a sharp upward initial move. Risk:Reward 1:3 with take profit positioned at the next major resistance.
Price has rejected major resistance level,with price action indicating a retracement is due. Wave one of elliot wave has complete and am expecting wave to, to a minimum of 0.38 fib retracement, but could reach 0.5.